Arizona republican., 1911-06-10
HAD IN MIND
 J. ?. MORGAN Chairman of Steel InVesti.
 gating Committee AND 50 HAD 4 WITNESS
His Example Coming to Be Followed by the Big Bus mess Men of the Country Because of His Broad Grasp of Conditions.

Washington, June S.-The first 1 clash between the house committee
 inquiring into the United States Steel | corporation and counsel fo- that com | bination, R. V. Lindberry, occurred | today when Percival Roberts, Jr. was | under examination.
 Roberts and former Vice President James Gayley of the corporation were l witnesses, both testifying to agree ments as to the parcelling Of the out put made between the steel manu- lecturers before the corporation was | formed. The committee sought to show that through the Cary dinners. | prices of steel products were main- tained and competition curtailed as effectively as they Sere after the ] corporation was formed, by gentle mems agreements, made despite the Sherman antitrust law.
 Was it the same spirit of philan- thropy that guided the independent steel manufacturers C make agree ments before the organization of the steel corporation Representative Beall asked Roberts. as prompted the steel corporation in 1907 in taking over the Tennessee Coal and Iron company"
 Roberts was replying that he did not believe philanthropy entered into the business when Attorney Lind berry protested against the question.
 T submit" said Lindberry, "argu- ments between questioner and witness are unseemly"
 The form of the question was changed and Roberts answered that since the formation of the steel cor poration of the business men of the country had new ideals which gov erned them to avert destrustive com petition.
 T believe" he said, that through the Gary dinners men fin the steel business accomplished gpat results for the benefit of all by the appli- cation of good common sense. The example has d great deal to do with the affairs of this world"
 With J. P Morgan in mind but not mentioning him by name. Chair man Stanley asked: "Is there in the financial world today man of infin ite power and vast interests whose example is regarded in a way as law by big business men?"
 No" replied Roberts. T think there are certain ideals of co-opera- tion which govern us all, which are personified in certain men"
 "Is there such an individual in American" asked Stanley.
 "Yes,'' l think SO
 Where does he reside?"
 T think his name is legion; at least that is my hope for the future of this country. If we destroy indi viduals we surely get into troublie."
 "Who is the example in the steel industry"
 q think no one in particular"
 "Is there not one man." Stanley continued, whose example business men of the nation follow because of his immense grasp of. modern con ditions, his touch with potentials, the railroads of the nation, the steel making business. the establishment of banks, and who can not only frame business conditions, but change them by the mere pressure of a button?"
 T suppose I have in mind whom you mean" Roberts answered smi)- ingly: whatever he may accomplish | for the good of the government and the upholding of the business inter | ests of the country he does by req son of his qualities and his ideals. It is not because of his personality and l his name. It is the ideal which he represents that makes the country | what 1t is.'
 Roberts testified that he was director of the United States Steel cor poration and the Pennsylvania rail- road, which he said owned stock In the Cambria and Pennsylvania Steel companies. and gave orders for rails to the Cambria, the Pennsylvania and the United States Steel companies. He said the Steel corporation direc- tors who were also directors of the railroad had nothing to do with de- termining the prices of rails. They were fixed by purchasing and selling agents.
 The committee will resume its in quiry next Tuesday. Many inquiries are reaching the committee as to when MT. Morgan will be summoned as a witness. Chairman Stanley and the other members of the committee decline to commit themselves. but 1t is reported that MT. Morgan may De subpoenaed and asked many ques- tions relating to his interests in steel and railroads, his banking connec-