New-York tribune., 1911-10-27

tend its activities into new fields new
corporation was formed for the purpose
OF preventing further competition ana
eliminating the existing competition be-
tween said companies
After the incorporation of the United
States Steel Corporation on April l, 1Sol'
the petition shows that 1t acquired prao-
tically all Of the capital stock In twenty
other large corporations. all of which are
named as defendants. These corpora
tions had capitalization If 81, 400 ,s46.-
ST. The Steel Corporation was formed
with an authorized capital Of S1.rro.ep,-
600. divided equally between common
AMI preferred stock. The connection OF
the individual defendants with the for
nation and operation Of the trust is set
forth in the bill as follows
P Morgan. aside from the prominent
part taken by him as a member or the
firm of J p Morgan & Co. who we're syn
dicate managers In charge OF me orsssIizss. "a.
ton OF the company, was a director IN Ihe
Federal Steel Company. tie became 3
member Of the first board II directors ~
the corporation.
the firm Of 7 P Morgan & Co. ana
acted IN the negotiations for the consolida-
ton. was director in the American Srdge
Company and the National Tube COMPANY
and became a member OF the first board of
directors of the corporation
George " Perkins came into the firm or
T Morgan r CO, after the negoua-
ticns for the first combination began. He
became active IN bringing about subsequent
combinations herein mentioned He became
a member Of the board OF directors Of The
E H Gary was active IN bringing about
the combination. At the time OF the mer-
ger he was president. director and mem
Der of the executive committee OF me FED
ersl Steel Companv He became A member
Of the first board Of directors OF the cor
poration, chairman OF the executive com
rittee and A member or the nnance conf
mittee. and has been the leading person m
controlling its affairs throughout i-s exist
ence.
Charles NJ Schwah vas active IN the ne.
gouatons leading ~ 70 the formation OF
the corporation. was president and dlrec-
tor Of the Carnegie Company when ao-
sorbed. and became the first president end
a member OF the FIRST board of directors ~
the corpora ton
Andrew Carnegie was in control Of the
Carnegie COMPANY of New Jersey. vas
fully advised as 70 the formation OF The
CORPORATION and its character and combined
in The plan for the purpose and 70 the eX-
tent Of transferring 70 u the control 81 the
Carnegie Company OF New Jersey.
Henry C. Frick was was pr2minasnt -. IN l4tor. ~.
70 sell the Carnegie properties and merge
them IN The corporation. and became
member OF the first board Of directors ot
the corporation
regfe Company. participated IN the forma-
ton Of the corporation and became vice
president.
Daniel G Reid we're active organizers OF
the corporation, and controlled the terms
on which the American Tin Plate, Amerl-
can Steel Hoop. American Sheet Steel ara
al
by the corporation. William II; Moore and
Daniel > Reid became members Of The
first board of directors II the corporation.
AIDED BY the Rcokefellers.
Ednund c Converse was president and
director o. the National Tube Company,
vas active in bringing about the conlbirs.
ton and became a member Of the rrst
board OF directors Of the corporation
Percival Roberts, ir. was president and
director Of the American Bridge COMPANY.
was active = bringing about the conolna-
tior ana became member II the hrst
board Of directors.
Norman 2 Peam vas director Of the
Federal Steel Company, took part IN bring
ing about the combination. and became
member Of The first board of directors cf
the corporation
John + Rockefeller and John D Rocks-
teller il were largely interested IN the
Lake Superior Consolidated Iron Mines,
John Z Rockefeller being a d!rectcr IN
that COMPANY. Both OF them particip pated
in bringing about the combination and be
came mem bsrs Of the first board cf d.
rectors Of the corporation
2 : 2 Widener was d director IN the
American Steel and Wire Company Of New
Jersey took part IN bringing about the
combination. and became q member Of the
first board II directors of the corporation
William ? Palmer vas president and
director OF The American Steel and Wire
Company II New Jersey, took part ~
bringing about ths combination, and con-
tinued as president OF the steel ard wire