Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-10-27
ner and William P. Palmer are named
individually as defendants.
Corporate Defendants.

Corporate Defendants.
The United States Steel Corporation.
Carnegie Steel Company, Carnegie Com
pany. New Jersey; Federal Steel Com
pany. National Steel Company. American
Steel and Wire Company. of New Jersey:
National Tube Company, Shelby Steel
Tube Company. American Tin Plate
Company, American Sheet and Tin Plate
Company, American Sheet Steel Com
pany, American Steel Hoop Company,
American Bridge Company, Lake su.
perior Consolidated Iron Mines. all OF
which were organized under the New
Jersey laws. and the Fl. c. Prick Coke
Company, Tennessee Coal and Iron and
Railroad Company. and the Great West
ern Mining Company, are named as cor
porate defendants.
Louis ". HILL James \. Hill. Walter
j. Hill, T.. T. Nichols and J. IL. Gruber
are named as trustees in connection with
ore companies.
Lease Of Ore Properties
The steel corporations lease of the
Great Northern railways ore properties,
which the directors of the steel company
yesterday formally decided to cancel. is
alleged to be illegal This action of the
directors was taken but few hours be-
fore the filing of the bill. The govern
tlcnt acknowledges tudt IL WIS tuN fSCh
OF the steel corporations intention in this
respect, but states that under the terms
Of the lease no cancellation would be
effective until January l. 1919. and there
Is no limit upon the amount of ore that
can be taken out in the meantime. Sen
sational allegations fairly topple over each
other in the governments petition which
is an equity proceeding praying for in
sanctions to estOp continuance Of the al
legged monopoly and such other relief as
NJ. no ctr
tons acquisition Of the Tennessee Coal
and Iron Company. during the panic of
1905 is declared illegal and scathingly
criticised.
The petition declares that +. Fl. Gary
and Henry c. Prick misled former Prest
dent Roosevelt when they told him that
but little benefit will come to the steel
corporation from the purchase
The President, it says, was not
made fully acquainted with the state of
affairs in New York relevant to the
transaction they existed. II he la 1
been fully advised he would have known
that a desire to stop the panic was not
the sole moving cause. but that there
was also desire and purpose TO acquire
the control of company that had re-
Gently assumed a position of potential
competition of great significance.
Strengthened Steel Trust.
1T is certain that the corporation
awaited itself of the embarrassment of
Moore & Schley (New York brokers. who
had large holdings of Tennessee stock
at a most critical period, and the ham,
mering of the Tennessee stock and the
threatening of a general financial calam-
ity to acquire the control of IA competitor
took on "A formidable aspect.
The corporation thus greatly strength
ened it's control of the country's iron ore
supply, its predominating position in the
south's iron and steel trade. eliminated a
competitor and unlawfuly acquired a
power which is menace to the welfare
j. of the country and should he destroyed.
Describing III detail the steps that led
TO the acquisition of the Tennessee Coal
and Iron Company. the bill declares that
I the corporation, which had become alive
/ to its power as competitor, took advan-
tagc OF the panic of 1907. and. TO the en-
barrassment of Moore d Sch.ey, who
practically controlled il. TO acquire it.
The bill refc:s to the hammcrins of the
stock and tho publication of statement
which. II is minated. was inspired by
persons affiliated with the trust and
which contributed directly and strongly
toward bringing Moore a Schley TO a
point of imminent failure. although they
4 amply solvent.