Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1911-08-02

ance, which has put the Senate prac-
tically in control Of the progressives.
which has given them not only con-
troll, but responsibility, will be fruit
full of results
A criminal prosecution against the
organizers and officers Of the In
ternational Harvester Company the
Harvester Trust described in the
dispatches heretofore, will be begun
within four months by the Federal
Government.
At the same time the Government
will begin civic action against corpor-
alton for dissolution. Both prescott
ions will be under the Sherman Anti
Trust law.
Investigation of the trust has been
taken up where Senator Kenyon, then
assistant to the Attorney General,
left off, Officials conducting the in
quiry state that the evidence shows
that the formation of the Harvester
Trust was a fragrant violation Of
the criminal section of the Sherman
IAnti-Trust law, and that the manner
in which the Trust has been doing
bus mess since is in violation of the
Sherman law.
These officials also state that
the delay in the prosecution is due,
to theI fact that certain officials of
the Harvester Trust are also officials
Of the Beef Trust now under indct-
ment for conspiracy to restrain trade
in the packing business Many of
these men are stock and bond hold
ers in both trusts and some are mem
bers. Of the directorate of both the
Beef and the Trusts.
1t isn't consistent with public .pol-
icy to furnish this information has
been the reply Chairman Stanley, of
the Steel Investigating Committee
that now has the Harvester case in
hand. has repeatedly received from
the Department OF Justice when he
sought data for his committee to
work upon Attorney General Wick
ersham will say nothing relative to
the expose of the methods Of the
trust organizer, G. w. Perkins, nor
about the contemplated SUITS
An agreement entered into on Nov.
3, 1900, by eleven steel manufacturing
concerns has been obtained by Mr..
Stanley from outside and is one of
the strongest .documental factors yet
produced. The combination was to
be known as the Steel Plate Associa-
ton Of the United States. The COM
panies apportioned among themselves
all shipments of steel plate in var
iousl percentages, and the steel com
many that dared violate it's agree
ment laid itself liable to- heavy dam
ages Each firm, was required to
make monthly sworn statement of
business and any member who ship
ped more than his allotted amount
was required to pay penalty on
each excess pound, the money thus
collected being apportioned among
the members who did not ship up to
his allotted share. To insure faithful
adherence to the agreement and the
rendering OF statements, a guaranty
fund of 500, 900 was provided by pay
ment of $1,000 on each per cent of
allotment.
The date of the agreement is inn
portent,. says Mr.. Stanley, because
members of. the pool were bound to
remain members for two years, and
further because l have been advised
that practically the same memor
andum was contained in the steel and
wire agreements which resulted in re
cent indictments"
An agent for the Lukens Steel and
Iron Company unwillingly admitted,
as witness before the committee,
that through fear of going to Jail if
the agreement was discovered PARTED
to the pool made an effort to- destroy
all the copies, of which but few had
been printed, and in their zeal had
even searched the wastebaskets to
make sure all were burned. How the
copy in the possession of Mr.. Stanley
escaped tn v cannot understam The
spirit of the contract was kept dur
ing the years from 1900 to 1906
"a remarkable cattle situation ex
lists in the United States" says NJ.
F. .Horiney sat:stican of the Union