The Detroit times., 1909-01-07
ROOSEVELT SAYS IT
IS NOT SENATE'S
BUSINESS
IN TRLLs BODY IT HAS NO Az.
rHoRITY TO GIVE DIRECTIONS
70 poNAPARTE REGARDING
PROSECUTION.

WARRINGTON. Jan. 7.-President
\ 1noeeveat eave his approval TO the
K trption OF the Tennessee Coal &
y rn 90. By the United States Steel
eDoention and instructed Atty.-Gen.
nnararte not to respond to the senate
<<affy "a to the reason for his fail
- q prosecute the steel company.
1Ck1e Yact was contained In a message
y nnnu3tted to the senate by the presi-
-
n l46-aconcluded his message with the
1<tenent that he does not conceive II
t(6 ~ within the authority of the SEN
1919 a aive directions of this character
t6 the head OF an executive depart
nont-
Tke message to the senate is In re-
y 1879 to = resolution Introduced by
d 4nnnt1r Culbertson calling on the at
y 1nrntJ general to state whether he
- ufouxht an action against the steel
nrany. because OF its acquisition of
~ Tennessee concern. and IL not. the
1oSon for noiK-Action. While the rsso-
tor was not directed to President
Do6ovolt his attention was called TO
J
n0{1ng the requirements OF the reso-
Eo16a, said: "As you are aw ;e, no
GUch proceedings have been insti-
Conrnenting upon the attorney-gen-
olI1'a letter the president says:
80 to the transaction in question.
xAS ,personaliy cognizant of and re
mo6nfdble for IT'S every detail. For tie
oH1orlnation OF the senate l transmit a
10y IL & letter sent by me to the at
t1fHoysgenerai. NOV. 4. 1907. as fol-
s3uags =. II. Gary and H. C. Frick,
- u1hAlf OF the steel corporation,
/. n&v4 a50st called upon me- They state
4 40 i certain business firm will nm
@|3htedly fail this week II help is not
vkn.r Among its assets are a ma
N.Y. OF the securities of the Ter
\ &fDob Coal company. Application has
4 I'm urgently made TO the steel cor
DoFatjpn to purchase this stock as the
4 oAIy means OF avoiding failure.
= Would Mot Purchase.
;y~dge Gary and Mr.. Frick In
Gkmnd me that as mere business
& 1fnnsaction they do not care to pur-
~
y 1870 instances they would not consider
& rchosing the stock, because but lit
y ~ t1Deflt will come 10 the steel cor.
< UrnfSou from the purchase; that they
X ~ 6xare that the purchase will be
- y handle for attack upon them
X - IN ground that they are striving to
1neuro q monopoly of the business and
& 10v@nt competition--not that this
Unn16. represent what could honestly
4 ~ on5d. but what might recklessly and
1fu<hlul1y be said. They inform me
4 (&nt - q matter of fact the policy Of
& ~ company has been to decline TO
\ 6cQuire more than 90 per cent Of the
1Hoel properties. and that this purpose
- beAn persevered in for several
B x&Sfs past. with the object of pre-
&Gntink these accusations, and as a
matf4f OF fact their proportion OF steel
. nrob<ffies has slightly decreased. so
+ hat n u below this so per cent, and
X ~ nGouisition Of the property In ques-
11tA will not raise II above so per
Bat they feel that n Is Immensely
f q their interest. a. to the interest Of
4vorr fesponsibis business man, to try
+ ~ bfokent panic and general indus
<klN Dmash-up at this time and that
4 n&tfiob. which they would not other.
WI1e 80 into. because ii seems the
+ oD1nion OF those best fitted 10 express
X 11emsnt In New York that II will be
- Important factor In preventing 4
NIX that might be ruinous; and that
~ Has been urged upon them by the