The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1910-03-16
B Boersianer.)


New York, March 1.-THE United
mune. The Taft cabinet has so decided.
No matter what the decision in the
tobacco and oil cases, Judge Gary has
been assured that the steel ompany is
regarded as ~invulnerable by the admin
istration. A thorough Investigation of
the organization by the department of
justice has resulted In the opinion that
the mammoth concern Is on the safe
side of the Sherman anti-monopoly act.
This. with orders amounting to an
unprecedented volume, will induce the
directory to put the $4,000 0.0 600 of com.
mon stock on a record basis In the cur
rent year. At the April meeting of the
directors a disbursement of IA per cent
regular is to be declared.
There were ~intimations the other
day in a dispatch from Washington
to book by the Washington authorities.
I happen to know this information was
inspired" said Judge Gary. "A sena-
tor who enjoys the confidence OF the
administration told me we are consid-
cred above legal ~reproach. Wall street
Judgment to the contrary notwith-
standing.
Every Illegal Pitfall Avoided by Steel.
1T is well So" the chairman OF the
corporations executive committee con-
| tinued. ITO use an expressive colo
quialism the country would not stand
fer an attack on US. Our company
was organized with the utmost care.
] Every illegal pitfall was avoided. A
scrupulous regard for corporation laws
was had. Following this, all our moves
have been above board. Our books. acts
and methods always have invited in
spectfon.
The Taft administration simply hal
come to the same conclusion as the
Roosevelt regine-we are absolutely
innocent Of illegality. We built Law
fully and our conduct has been lawful
we were investigated by Mr.. Wick
ersham and by his predecessor. They
were unable to find anything upor
which to base an action. which is for.
tunate for the country as well as fol
ourselves. The disintegration of tht.
company had meant commercial havoc
and financial chaos. Trade had beer
paralyzed. The United States nigh
as well have gone out of business hat
the United ate Steel corporation beer
put out of business.
Question Affects the Whole Nation.
1T is not a question or our seventy
odd thousand shareholders or even oul
100000 employees: they are relatively
minor considerations; the question Il
national; 1t affects every railroad ever!
, builder, every citizen. indeed
, Judging from the orders coming IN
the country at large does not thlni
we shall be put out of commission s.
far this month, or to be exact, IN tn
ten first days of March (the data avail
able today we ran 10000 tons daily
against 5000 in February and $500
in January. The outlook. therefore, TO
a big wear Is brilliant
7 I'VE have spent between $3.50, 600. 90
> and $500, 600, 900 from earnings for ex
, tensions and betterments. Consequent
I lv believe-I speak only for myself
5 stockholders should now be rewarde'
i for their patience. A large payment /
T highly probable in view of the actua
receipts and the prospects"
u Dfvident Rate to be Raised Next Month
T A poll of several directors, of equa
y influence with Judge Gary, resulted Il
the private admission that the dividen
r would be raised next month. this con
I forming with the Morgan policy CT dis
i bursting net earnings literally among
$ the stockholders of companies 70
u-biob Morcap a Germany are the fsca