Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-03-23

rectors The executive authority is iur-
Their vested in the chairman OF the board
of directors, the president, some oesis-
mated officials, the finance committee ana
the advisory committee.
by examining the list Of directors
Mr.. Gompers continues. you VIII see
that. when the corporation was nrst or
ganized one-third Of the board was GER
tainly unacquainted with the language OF
steel. Here is a list of the mechanics
and practical steel men 90 that were
on the board in 1901: j. P. Morgan, j. u.
Rockefeller. H. H; Rogers G Gnaraa W w
Perkins, E. c. Converse, james Gayley,
Marshall Field, D. G. Reid, J. D. Rookie
Teller, jr: A. Clifford. Robert Bacon, Ma
thaniel Thayer. Abram S. Hewitt. Z. >.
Griscom, F. H. Peabody, Charles Steele
W. H. Moore, N. B. Ream, P. A. b.
Widerler, ]. n. Reed, H. c. Prick and
William Edenborn.
I'm regard to the shipment OF commod-
tiles from the plant to the consumer. the
corporation, under the present admins
tration of the railway laws, perhaps en-
toys no special advantage over independ,
ent companies, or at least IL is 80 Wen
concealed IL there is such an advantage
through reciprocal trade relations. or rail-
way Supplies, or other methods. that II
has not been disclosed In any investiga-
ton, 1t is the theory of Independent
manufacturers, reasoning by analogy.
that such favors are obtained tnrougn
nominal purchase and sales OF railway
supplies We would call your attention
to the necessity for investigation OF TINS
nhase., as it is not within our power 10
furnish you the data.
Under Indictment.
1--WE would call your attention to the
fact that as late as December. 1909, an IN
dictment was returned by the 1euerai
grand jury in Chicago against the e, b.
and O. railroad, the first vice president
of the road dts foreign trade agent nav
ing granted rebates to the United states
Steel CORPORATIONS products, being the
agent under whose management the eX-
port trade of the United states steer
Corporation is now being carried on. In
this indictment twenty-six ofrenses were
charged. It was alleged IN tne inh hn,,
ment that the rebates amounted to ABOUT
80 per cent of the schedule tarln, ana un-
der this charge the defendants were
found guilty and fined.
1--WE think it worthy OF your Depart
ment's investigation to compel disclosure
of similar transactions with other trans
portation companies, as very rarely one
company is alone in granting these Ia
vors, and the citizens of the United states
are entitled to have these phases of the
criminal acts of this corporation more
fully exposed and the charters revoked
for the abuse thereof. In other WORDS
time should not obliterate the depart
ment's interest in Furnishing these felo-
MES.
I'VE would invite your attention to the
raise in price of iron ore from about 80
cents per ton in the mines to upward OF
s1.65 which is a mere paper price, or
profit: but in making showing to the
public as to the ultimate cost OF the prod
uct the corporation starts with this mi
tial increase of the raw product, which
inures to the dividends of the monopoly.
and it is possible to maintain this high
price of the raw product because the cor
poration has absorbed the cream of the
entire peninsular ore deposits. or IN other
words. has not only so per cent of the act
,ual iron ore, but % per cent of the best
and practically 100 per cent OF the most
valuable Of all the ore in the lake region.