The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1911-06-06
WHO SHALL RULE !?
NATION FACES CRISIS, SAYS iLLi-
Nols CONGRESSMAN TO
GRADUATION GLASS.
Five Men Who Control Steel Industry
Also Control 20 Per Cent Of CouE-
trys Railroad Property.

Washington, June 5.-A6soiute con.
troll of the railroad, telegraph, teie-
Ihone, iron and steel industries rests
in the hands of five men VINO are the
principal owners of the United Steel
Corporation, according to a statement
made by Representative Ira c. Cop
ley. OF Illinois, in the graduation adj
dress to the Bliss Electrical School at
Carroll Institute here today. In adj
dition 10 this he said the same men
control ~ per cent OF the banking
interests Of New York, and that prac-
tically every gas and electric plant in
the country is dominated by them.
Faces Huge Problem.
We are face to face with the great
est problem of our existence said
Mr. Copley. TN 1860 the question
was, shall the Union be supremer
In 1862, shall 100000 black men re-
main in bondage. And now. shall five
men who dominate the United Sta;es
Steel Corporation rule the country by
an oligarchy of wealth. or shall the
E,i.ziss s J, ! w M ID 49,
the people and give every man a
square deal?
Now. the five men VINO control the
United States Steel Corporation also
control 70 per cent of all the rail-
roads of this country. Indirectly they
control nearly all the resi-. They
dominate all the telegraph and tele-
phone business, through ownership
Of the American Telegraph and Tele-
phone Company. This company, IN
turn, owns 551 per cent of all the
Bell patents
Stanley Committee.
Because of the marked discrepan-
cies in the accounts OF the absorption
of the Tennessee Coal and Iron Com
pany by the United States Steel Cor
poration in the panicky days of 1907,
as given by John W. Gates and Elberf
H. Gary, the Stanley street trust
committee of the House has deter
mined that further light on that deai
must he obtained and that every per
son who had anything to do with i
| should be examined.
| The committee is again considering
the necessity of summoning former
President Roosevelt and former Sec
rotary of State Elihu Root for ven
ication of the conferences .Ash Cars
AMI Frick ON the Tennessee transac
ton
| Cary to Testify Again.
steel inquiry would be pushed forward
as rapidly as possible, although NJ
further hearings will be held unit
| Wednesday, when Mr.. Gary will con
tinue his recital of organization AM
methods of operation.
John Lambert OF the Republic Irol
: and Steel Company also will be VII
, ness on that day.
; The committee also is considerin
! the adyisability of holding session
, in New York, where there are man
| witnesses arl much material OF Ia
! steel corporation which Mr.. Gar
: frankly told the committee AZ cou'
/ have access 10.
: Today The committee made tho
} ough examination of the long test
} mony given yesterday by MI. Gar
4 and planned to summon many nor
d Witnesses suggested by the discio
s ures of the steel magnate. Lew
Cass Ledyard, the attorney for Olivt
t. Paine cf the Tennessee Coal and lro
:. Company, whom Mr. Gary declare
e conducted the negotiations on beha
h 81 Grant p Schley for the sale or q
q Tennessee company, will Re asked
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