The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1911-11-03
SUES UNITED STATES
STEEL TO DISSOLVE IT
Declared by Department Of Justice to
Be "a Menace to the Wei
fare of the Country.

Trenton, n. 1.-THE Governments
| long gnamed suit to break up the So
called Steel Trust was begun here in
the United States Circuit Court. 1t
is the most sweeping antitrust action
ever brought by the Department Of
Justice. The Government asks not
only for the dissolution of the United
States Steel Corporation, but for the
dissolution of all constituent or sub
sidiary complaints which are alleged
to have combined in violation of the
Sherman law to maintain, or attempt
TO maintain, a monopoly OF the steel
business" There are thirty-six subsi-
diary corporations, named as defend
ants. Jacob NJ. Dickinson, former Sec
retary OF War, is to conduct the prose-
cution as special counsel for the Gov
ernment.
J. Pierpont Morgan, John ID. Rookie
feller, Andrew Carnegie, Charles M.
Schwab, George w. Perkins. K. Ii.
Gary, John ID. Rockefeller, Jr., Henry
Z. Frick, Charles Steele, James Gay
ley, William ii. Moore, J. II. Moore,
Edmund G.. Converse, Percival Rob
erts, Jr., Daniel G. Reid, Norman B.
Ream, T.. A. b. Widener and William
p. Palmer are named individually as
defendants. The United States Steel
Corporation, Carnegie Steel Company,
Carnegie Company of New Jersey,
Federal Steel Company, National Steel
Company, American Steel and Wire
Company of New Jersey, National
Tube Company, Shelby Tube Com
pany, American Tinplate Company.
American Sheet Steel Company,
American Steel Hoop Company,
American Bridge Company, Lake SUI
perior Consolidated Iron Mines,
all of which are organized un.
der the New Jersey laws, and the II.
c. Frick Coke Company, Tennessee
Coal and Iron and railroad Company
and the Great Western Mining Com
pany are named as corporate defend
ants.
The Steel Corporations lease or the
Great Northern Railways ore proper
ties, which the directors of the steel
company formally decided to cancel, is
alleged to be illegal.
Sensational allegations fairly topple
,over each other in the Governments
petition, which is an equity proceed.
ing praying for injunctions to estop
continuance of the alleged monopoly
.and for such other relief as the court
may grant. The Steel Corporations
-
Iron Company during the panic of
1908 is declared illegal and scathingly
criticised. The petition declares that
E. IL. Gary and Henry c. Frick mis-
led former President Roosevelt when
they told him that but little benefit
from the purchase"
The corporation thus" continues
the petition, greatly strengthened its
control OF the iron ore supply OF the
country. Its predominating position
in the iron and steel trade of the
South eliminated a competitor and
unlawfully acquired a power which is
a menace To the welfare of the coun-
try and should be destroyed"
The petition itself consists of SO
printed pages in which there Is set
forth in considerable detail the con-
ditions OF the iron and steel trade
prior and subsequent TO the formation.
1t is charged that the illegal monopo-
lies complained of have been brought
about by a series OF combinations and
mergers in which the steel interests
OF the country were brought under one
is charged that by a series of interlae-
ing directorates the great business In
terests OF the country with the United
States Steel Corporation as the domi-
nant factor have been brought under
one influence to crush out competition.