The Birmingham age-herald., 1911-07-28
I. C.L. PROBE ID BE RESUMED TODAY Hanna and Oglesbay Will
 Be Witnesses MAY GO TO CHICAGO
Absorption of Tennessee Company Will Be Chief Matter of Investi- Cation While in New York.
 Roosevelt Msy Appear

New York, July 21.-Furthe reyela- tions regarding the Tennessee Coal and Iron company and it's absorption by the United States Steel corporation during the financial panic of 1907 are expect ed tomorrow before the House of Rep resentatives' special committee of j trust" S'sa
 Investigation, transferred <-,S Washington to this city, wp >so Q i- rected into many other chg 90 but the Tennessee transaction 'ss have precedence here. summo, ca appear tomorrow in this connS 2 e are L. C. Hanna, brother of the 4rk Hanna, and E. W. Oglesbay. n of cleve- land.
 Hanna and Oglesbay were members of the syndicate of 15 men who took over the Tennessee Coal and Iron com pany and it's vast southern ore prop critics and ran it as an independent factor in the steel world until the mer- ger of 1907.
 Mir Hanna, who with Grant B. Schley. of the New York brokerage firm of Moore & Schley, acted as syndi- cate manager of the Tennessee Coal and Iron company at the time of it's absorption, is expected to be the first witness Both Messrs. Hanna and Ogles- bay will be questioned particularly re- garding the actual value of the prop erty and ore holdings.
 The charge has been made that when the United States Steel corporation gained control of the southern ores, the only great field of non Bessemer ore in this country, 1t completed an actual monopoly of the iron ores ofithe United States.
 Whether an excessive price was paid for the Tennessee properties will be asked of the witnesses. Judge Ebert H. Gary, chairman of the board of di- rectors of the United States Steel cor poration. told the committee the price was too high. John W. Gates, sii- other member of the Tennessee synd.- cate, testified that the price was far too low.
 May Go to Chicago
 While the committee is at work here it's agents, it was learned today, are en- gagged in Chicago developing line of inquiry that later may take the investiga- tors there. The relations between the In- ternational Harvester company and the Steel corporation are being inquired into.
 Former Attorney General Bonaparte is being sought as a witness for his knowl- edge of the Tennessee deal, he having been attorney general at the time, and of the investigation by the department of justice into the International Harvester company.
 George w.. Perkins. former partner of J. P. Morgan & Co.,, chairman of the finance committee of the International Harvester company, and member of the board of directors of the United States Steel corporation. is to be summoned be- fore the committee now in session here.
 This was determined upon at an exec utive meeting of the committee which has transferred it's field of activity from Washington. Just how soon MT. Perkins will be called has not been determined.
 Tomorrow the committee expects to re- new it's probing into the absorption into the Tennessee Coal and Iron company by the United States Steel corporation dur ing the financial panic of 1907. MT. Per kins will be asked what he knows about events leading up to that transaction, and there are many other bankers, brokers and steel corporation men in New York who were interested 1, +he threatening events o fthat time whJ are to be sum- moned.
 Former President Roosevelt, to whom Ebert H. Gary, chairman of the board of the United States Steel corporation and Henry c. Prick appealed when the deal to take over the Tennessee company and it's various ore sources was planned may be a witness.