The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-06-30
WIRETRUST'
INDICTED
Action Brought Against Nine AS
sOclatiOns and a Long List
of Individuals.
BUSINESS VIOLATES
THE SHERMAN LAW
Existed in Restraint of Trade-Is
Closely Connected With
the Steel Trust.

NEW YORK. June 29.-Nine indict.
ments charging restraint OF trade in
violation OF the Sherman anti-trust
law were returned by a federal grand
jury here this afternoon against as
many associations and a long list OF
INDIVIDUALS comprising the so-called
wire trust, affiliated with the steel
INDUSTRY. Prominent among the de.
remnants are Herbert l.. SatterIee a
sou-ih law or J. PierpOnt Morgan: VIII
nam /. Palmer, president OF the
american steel and Wire company. a
subsidiary OF the United States Steel
corporation, and Frank JAY Gould. of
New 1ork, president OF the Old Do
mlnlon Iron and Nail Works company
nat this suit charges" said Dis
lrlct Attorney Wise, lis a trade agree
meht IN restraint Of trade" The gov
erhment does not seek to establish
physical or fiscal merger OF the
properties or interests indicted. hut a
series OF pools 10 maintain prices and
apportion territory, i'm elimination ~
competition. and so in violation Of
the Sherman act.
There Is no indication. bouevor
mat evidence gathered by the bureax
OF corporations In its investigation of
the steel corporation PLAYED anv mari
in the indictments. Only two of tho
indicted associations contain sinh.
sidiary companies OF the giant cor
poraton. namely. the American stool
ana Wire company and the Trenton
Iron company.
The Indicted ones.
The most prominent individual de.
iendants and fun list OF the associa.
lions IN which they are members fol
low:
Individuals Frank J. Gould presl.
dent of the Old dominion Iron and
Nall works. Belle Isle. Richmond IA
Herbert J.. Sattorlec. president of
the liabirshaw Wire company. Yon.
kers. n. Y.
"m. = Palmer. president OF tho
american Steel and Wire companv
Naukcgan. lll. and Worcester. Mass
'harios r. Brookcr. vice president
oI The Ansoma Brass and Copper con.
pahy, Ausonla. Conn. and member
from Connecticut ~ the Republican
national committee
Harry o.. Stoddart. president OF tho
irrhInn Iron company. Trenton. 81 J.
Lrshiu" Hewitt. vice president OF
ihe Trenton Iron company
FRANK " Phillips. president Of the
American Electrical works Phillips.
dale. R J..
Ferdinand vs. RoebUng. president OF
John a. Rochi.ugs Sons componv
Trenton and Rocbunr. s.
Phillip TO- Vs. Smith. second vice
pres .denf of the standard Under.
ground cable company. Piffaburr pa
Oakland. Cal. and Perth Amboy. N D
Associations
The Hors hoo Manufacturer. as
ISOLATION William g. Palmer and
others
Bare Wiro Copper association -
William j. Palmer and others
Noaihcrproof and Wiro MAGNET as-
ISOLATION Vim p. Palmer and others
Lead Encased Rubber Cable aaso
citation VIM. y Palmer and ofhera
Wire Rope Manufacturers aaaocia
tIon Edwin D. Jackson. Jr. and
others
Fine Magnet Wire asa1ciation-
ferdinand W. koebung aud others
Underground Power cable asaocia.
tIon Philip % w. Smith and others
Telephone Gable association
Frank y Phillips and others
Rubber Covered Wire association
William D. ralmrr and others
indictments Vary Little.
Tho general charges in au the In
diclmcnts arc tho same. allowing FOR