The Washington times., 1911-10-27

sweeping sort The bill asks not only
that the United States Steel Corporation
be dissolved, but that It's principal sub
sidiary corpDrntions likewise be- dis.
solved; that they be entoined from hav-
ing relationships; that the Individual de-
fcndsnts be enjoined from seeking fur
ther to carry out the purpose of any Of
the combinations which exist h, violn-
orders IN the case as shall make the
antitrust act effective; and that the
lease entered into by the Great Northern
interests and the Great Western Mining
The bill of the Government names no
less than thirty-seyen companies as de-
fendants The Individual defendants in
clude the men whose names have be-
ton with the steel business and other
great financial ventures, men like j. =.
Morgan, E. H. Gary, Andrew Carnegie,
kins, Charles NJ. schwab, and numer-
GUS others.
Interlocking Directorates.
One OF the great features of the case
of the Government Is that charge that
there are direct relationships between
the United States Steel Corporation and
practically all the large railroad and
steamship lines. the Standard Oil Com
pany. the Pullman Company. the Inter
Western Union Telegraph Company.
Vital pages in the Government brief are
given over to describing the wonderful
which enables the steel Corporation to
spread out its tentacles over q vast
field. In this connection the bill of the
Government says:
The main prospect for maintaining
earnings on the many millions given for
promotion and issued in excess of valu-
alton was the power In the business
achieved by combination. tho potency OF
tions brought about with powerful bank
ing and transportation companies, and
the direct and indirect control Of trade
that thereby ensued. This was a fic-
tiiious basis resting on unlawful COM
bination."
Great Money Power.
As the Government attorneys describe
the United States Steel Corporation and
its affiliated interests, 1t is, in a word,
the great financial power Of the United
States, whose Iamifications stretch out
Is vell-nigh innumerable directions and
into many varieties of industrial and
financial activity. The effort 10 clearly
made to portray to the courts tho no.
ton that the United States Steel Cor
roration is something much more than n
mere combination to control the greater
share Of the steel aod iron trade. 1t is,
In effect, depicted AZ the head and front
of Pig business In this country.
The petition first takes up the consol-
idations of various combinations from
1895 to 1900. These were consultations
preliminary TO the greater consolidation
that was TO come. The formation Is de-
scribcd of the Federal Steel Company,
the Carnegie Steel Company. American
Steel and Wire, the National Tube Coni-
pany, The National Steel Company. the
American Tinpiate Company. the Amer
lean Steel Hook Company ard the
American Sheet Steel Company.
Morgan's Role Emphasized.
Then follows the account Of the for
nation of the Unit ed States Steel Corpo-
ration itself This was In 1901. A strix-
ing feature OF the petition In this respect
Is the emphasis laid on the part play ed
by J. Pierpont Morgan g. Co. in the
organization OF the great consolida-
tlon. Ihts company Is described rs the
syndicate managers In charge OF the OF
ga nizatioI.
The part taken by numerous promi-
nent figures In the commercial world In
this orga nizR ton is set forth.
Judge F.. II. Gary Is described as the
leading person In controlling its affairs
throughout Its existence. The part