Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1911-11-03
ASKS ITS DISSOLUTION.
tct!II0n Is the Most Sweeping
Anti Trust Move Made by
Department Of Justice.

the SO Gale steel, trust was begun
.i,dte.in the, United States circuit court.
IT was the most sweeping antitrust
ashton; ever brought BY the departme nt
.ei Justice. #.: IT., %.yz j. IL.
1.-The government asks not only for
the, dissolution Of the United States
Steel corporation, but for the disso1u-
i:C1 Of ali constituents or subsidiary
.ompanies which are alleged to have
snrnbined in violation Of the Sherman
lew to maintain, Or attempt to MAIN
taln, 3 monopoly of the steel bust
ness" There are thirty six subsidiary
corporations named as defendants.
. J. pierpont Morgan, John D. Rookie
fe1er. Andrew Carnegie, Charles M
Sehwab, George w. Perkins, E. H.
Gary, Johp D. Rockefeller, Jr., Henry
Z. Prick, Charles Steele, James Gay
ley, William H. Moore, J. H. Moore
Edmund c. Converse, Percival Rob.
2rts, Jr., Daniel G. Reid, Norman b.
nean2, P. A. Widener and William P,
Palmer are named Individually as de-:
tanNants, >; ,..t&i r. ...' IT, aft !
The United States Steel corporation,g
'arnegie Steel company, Carnegiel
D':' Dany OF New Jersey, Federal Steel
'cc?pany, National Steel COMPANY
>~:;.erican Steel and Wire company Of
.ew Jersey. National Tube company,
--ie;by Steel Tube company, American
4lnplate company, American Sheet
and Tinpiate company, American
Steel Hoop company, American Bridge
company Lake Superior Consolidated
F1cn mines, all of which were organ
:;:2a under the New Jersey laws, and
he H. c.. Frick Coke company, Ten
1cssee Coal and Iron and Railway
company and the Great Western Min
ing company are named as corporate
afeudants. -. +. - ~
Eron Ore Lease Illegal. /
|: The steel corporations lease Of the
E|sGsreat Northern railways ore. proper
ties, which the directors of the steel
company formally decided to cancel,
is alleged to be illegal: This action
II the directors was taken but few
|ho::rs kefore the filing of the bill
he government acknowledges that
twas advised Of the steel corpora
|tion's intention in this respect, but
Estates that under. the terms of the
lease &c cancellation. would be effee-
live uz.til Jan, 1, 1915, and there is
. li:nit upon the amount of ore that
III. i taEer cut in the meantime. =
Scnsct ional allegations fairly topple
we; each other in the governments
.~.,-:...os4, :. A;cll is an equity proceeding
:roying for Injunction to estop con-
;nuance Of the alleged monopoly and
such other relief as the court may
rant =
TIE steel corporations acquisition
II the Tennessee Coal and Iron com
nany during the panic of 1907 is de-
slated Illegal and scathingly criticised.
Tie petition declares that E. H. Gary
I'D Henry c. Frick misled former
"csident Roosevelt when they told
III that but little benefit will come
- the steel corporation from the
,llts--ee;aase." f. "
''rhe president" it says, twas not
made fully acquainted with the state
: & srair5 in New York relevant to the
transaction as they existed. If he had
Z eeE- fully advised he would have
2noWn that desire to stop the panic
Gaa not the sole mbving cause, but
|:hat there was also desire and pur-
nose to acquire control Of al company
that recently assumed a positive posi-
lion of potential competition Of great
significance.
Took Advantage OF Situation.
s 4 1T is: certain that the corporation
svailed itself of the Embarrassment of
Moore & Sch1ey New York brokers
who had large holdings Of Tennessee
stock) at most critical period and
the hammering ofthe Tennessee stock
and the threatening OF s general finan
Ecial calamity, to acquire the control
of competitor taking on q formid-
able aspect. IA s5.s sss
go 81, hes corporation thus greatly
siren gtnened its control Of the coun.
try iron ore supply, It's predominat-:
ing position in the South s iron and
steel trad eliminated 20 competitor
and unlawfully acquired a power
which q smenaceT s. the. Welfare 81.
the country, and should be destroyed: 2,
3. Reference ii made to the Gary din
'ners att ough not BY name, as meet.
inss which accompli shed more than
written pools or a9reeYnanfs which