The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1911-06-10
TRUST Law
VIOLATED
steel Trade Parcelled Out at Gary
Dinners Despite Antitrust
Regulations.
DAMAGING EVIDENCE
GIVEN INVESTIGATORS
Morgan's Prominence in Control
OF L. ). Steel Corporation
Shown.

WASHINGTON. June 9.-The first
clash between the house committee
or inquiry into the United States
steel corporation affairs and counsel
Tor that combination, II. V. Linda
bury. occurred today when Percival
Roberts, Jr., director. was under
examination. Mr. Roberts and former
wee President James Gayley, OF the
corporation, Were todays witnesses,
both testiiying that agreements as TO
parcelling OF output were made be.
tween stee! manufacturers before the
steel corporation was formed. Rep
resentative Beall. OF Texas. asked a
iaCetious question as TO the "philan-
thropic' motives that acfuatcd the
steel corporations acquisition Of the
Tennessee Coal and Iron Company.
Attorney Lindabury protested. and on
his demand the question was materi-
ally modified.
Mr.. Roberts answered that since
the formation OF the steel corpora
ton business men in this country
had new ideals which governed them
10 avert destructive competition.
Il believe he said, that through
the Gary dinners. men in the steel
business have accomplished great re-
phcation OF good common American
sense. Example has a great deal TO
do with the affairs OF this world"
Gary Dinner Influence.
The committee today sought to
show that through the Gary din
ners." the prices Of steel products
were maintained and competition cur
tailed. as effectively as they were
v.ssss.
nation. by gentlcmens agreements,
made despite the sherman antitrust
law Much Of the examination OF Mr..
Roberts dealt with a more or less
academic discussion OF J. Pierpont
MorEans Industrial potentiality. with
the system OF interlockins director
ates OF the steel corporation and
other big industrial enterprises.
With J. Pierpont Morgan in mind.
though not mentioning him by name,
Chairman Stanley asked:
rs there in the financial world to-
day n man OF infinite power and vast
interests whose example Is regarded
I'm n way as the law by big business
men?"
no" replied Mr Roberts. 'T
think there arc certain new ideals or
cooperation which govern US all.
ideals that NAV be personified in GER
tain individuals"
rs there such an individual in
America" o" asked Mr.. Stanley.
Yes. 7 think so."
Where does he rcsidc?'
II think his name IS legion. At
least. that o. fhc hope for the future
OF this country. II We destroy IN.
dividualism we surely will get into
trouble"
Example Of steel Industry.
Who is the example IN the steel
industry"
y think no one man particularly"
rs thcre not one man" Mr.. Stan
Joy continued. whose example bust.
ness men of tho nation follow. on &C.
count of his immense grasp of mod
eru conditions. his touch which DO
tentiatcs the railroads Of the nation,
the steel manufacturing business. the
establishment ~ banks and extends
to 40 the mul'farious ramihcations of
business % Tho country. and who can
not only frame business conditions.
but change them by the mere press
of q but'on9"
90 suppose ! have IN mind who van
mean" SIR Roberts answered. smil.
iuRlv Whatever be may accomplish
for tho good Cf tho government and
uphoidinr the business interests OF
Tho country DO docs hv renson of his
qualities and Dis ideals 10 Sc not he-
cause Of hie rersonality and name.
ff ls the ideal which he represents
thof makes The country what % &c."
Nr Rohcrfs said fha' he was n a.
rector of tho United states steel cor