The Birmingham age-herald., 1911-08-13
Carnegie and Morgan Still on List of Witnesses
 To Be Heard
TEMPLE REVIEWS
 CARNEGIE DEAL
Manager Stone of Associated Press Asks To Testify-Chairman Stanley Will Gather Data
 During Recess

Washington, August 12.-Inquiry into the
 affairs of the United States Steel corpora | tion by special committee of the House | of Representatives, which has been in pro-
 gress since May. was halted today to he | resumed in October. The committee voted
 a recess until October 16, but it is prob
 able that no public hearings will be held
 until later date
 l Several phases of the inquiry are yet
 to be developed. and there are still on the | list of witnesses two of the most prom
 inent men in America, Andrew Carnegie
 and J. P. Morgan. MT. Carnegie last
 spring, just before he sailed for Europe. | notified the committee he would be glad
 to appear in the fall, and it is likely
 he will be the first witness when the pub lie sessions are resumed. l Regarding Mr. Morgan, the eommittee
 has lei it be known that his appearances is 1 desired Because of his absence in Eu- | rope, no subpoena has been issued, but
 1t is almost certain he will be summoned | later, not only to testify regarding tho | affair of the Steel corporation and the | acquisition of the Tennessee company, but l also to aid the committee in formulating l recommendations to Congress for legisa- l ton deemed necessary to meet the indus | trial demand of present-day affairs. 1 During the recess, Chairman Stanley l is to have headquarters in Washington. A l force of assistants will be with him wc~k- 1 ing up evidence to be submitted at the fall hearings.
 ffap aF, | facilities by the Steel corporation has not yet been investigated by the committee. This will be one of the principal feat
 ures of The future hearings. Another
 matter to be probed will be the relations of the International Harvester company with the Steel corporation. Today w. C. Temple of Pittsburg. who
 was commissioner of several steel pools.
 testified. He denied the existence of il- legal pools now, and declared the United
 States Steel corporation a model trust. l Al the outset of today's session, Chair r'lan Stanley Of the committee read telegram from Melville E. Stone, general
 manager of the Associated Press, request- ina hearing. He will be heard when the
 committee resumes after the recess. MT, Stones telegram to MT. Stanley read:
 Stones Telegram
 | Hon. o. A. Stanley, Washington:
 Have just learned that a personal letter of mine to Oakleigh Thorne was
 introduced in evidence today. It is only | fair to say that this letter was written
 under what now proves to have been | a misapprehension of the facts and it's 1 use before your committee without ex- | lslfa faaf inYa ig mi ct har
 quest hearing at your hands. l MELVILLE E. STONE" The chairman. announced MT. Stan | ley will be very glad to hear MT. l Stone"
 T received a telegram from Mr. | stone this morning." said MT. Littleton. T do not happen to have it with me. but in it he requested that his telegram | to MT. Stanley be introduced in the record of proceedings" All the members of the committee ex- pressed the opinion that Mir Stone | should be given an opportunity to ap- pear. R. c. Boiling, one of the counsel for the United States Steel corporation, declared that on behalf of MT Per- kns, l would suggest to the commits
 tee that MT Stone be subpoenaed' MT. Littleton moved that when tho committee resumed after recess Mir. Stone should be heard. This was agreed to.
 Commissioner Temple of the Steel Plate association said before the for
 nation of the United States Steel cor poration H. C., Prick had visited ]. P Morgan with an option on the Car negie Steel company for $160,000. 900; | that Morgan said the price was too high, but six months later he paid | $500, 900 900 for the same property" | MT. Temple explained they were pre- pairing to give magnificent play down in Wall street."
 l "Eyerything was In hand" added MT. | Temple, The most accomplished actors. | most expensive scenery and the most ! fantastic costumes were ready, but l they had to have a Hamlet. A mag nificent plan had been prepared to bake | a great plum puddins, but Carnegie | had all the plums." | Did Carnegie interfere in the bak. ing?" the chairman asked. | "Oh, no, he merely held on to the | plums."
 | This caused a laugh ~
 "In the place of the crazy Dane." said Representative Littleton, they
 had to deal in the play with 8 very 1 sane Scotchman."
 Carnegie Might Control Steel Mir Temple declared half the profits of the Steel corporation were produced
 by the Carnegie steel plant and that if this property had not been secured Dy the Steel COTptIdilon AuuTeW CdT- negie would today dominate the steel business of the country. Temple told of the existence of the Structural Steel association in the Unit S ed States, formed in 1897, and the steel shafting pool. Under the agreement each member of the pool was bound to make sworn
 statement of its productions and ship ments each month. If one member produced more than its allotted share he was forced to pay fine of i've tenths of cent for ea-n pound of steel shipped over the allotted amount Firms failing to ship up to their al- Iotment were paid hve-tenths of a cent per pound for their shortages. These rates later were changed to thirty-hve one -hundredths of cent a pound. 1 One portion of the agreement provides that the New Jersey Steel and Iron coni- pany and the work of said New Jersey Steel and Iron company shall remain inc operative in the manufacture of beams | and channels during the life of this | agreement In consideration of which tho | New Jersey Iron and Steel company shall receive from this association the sum uc | S,U00 per month."
 l Mir. Temple declared that all the poois