The Prescott daily news., 1911-06-08
R. C. Hall, Former President of Pitts burg Stock Exchange, Makes Charges
 Against Head of Steel Trust.
GARY AGAIN UNDER FIRE
Broker Interrupts Steel Trust Maa- nate to Unload Volume of
 New Matter.

NdsulHbloH June o.-Cnaf2lng that the United States Steel corporation is negotiating practical monopoly of the col,ing coal of the Pittsburg coal fields, Robert c. Hall, Pittsburg stock broker, today interrupted the testimony of F. H. Gary, executive head of the United States Steel cor poration, and astounded the Stanley steel Investigating committee of the house by quoting Senator Oliver of Pennsylvania as one authority for his charges.
 Stanley opened the hearing ly ques- tioning Gary as o recently published report of thc 8 e of 17,000 acres of coal in the plttsourg field from the Pittsburg Ccal Company, and the Mo- nongahela Co solidated Coal and Coke Company. Gary admitted that the sale was practically completed. He de- clared, however, that there was a great deal of coal outside the steel cor poration's holdings.
 Shows Steel Trust HoIdlngs.
 Stanley elicited that the steel trust owns 6000O acres of coal in the Con- nellsvile field, and that only 3S,000 acres are owned by independents. The corporation also holds under lease 50- 000 acres in the Pocahontas coal fields
 Under a fire of questions, Gary out lined the contract by which the Pitts burg Coal Company and the Mononga- hela Company, which is controlled by the Pitsburg concern. agreed to fur nish a great part of their output to the steel corporation.
 Isn't it true" demanded Stanley that you are now preparing to gain control of these two companies?' No" returned Gary, there is no dan ger of their going Ito the United States Steel corporation"
 There are hundreds of thousands of tons of coal in that field under the control of these companies"
 Then Stanley unloosened his sensa- tion
 The statement has been made by senator of the United States, he said
 Nho i7o a pNl cOHdl lhtti'ol III lAl0 matter, that the Pittsburg Coal Com pany now controls the Monongahela Company; that there is now a scheme on foot to exchange the stock of those companies for bonds of the United States Steel corporation, with the in evitable result that the Ohio river will cease to become medium of that great coal traffic through the Middle West, and that this coal will be moved by rail to supply the United Ste -es Ind. in conjunction with the inferior coal of the Southern Illinois fields"
 Gary Becomes Ruffed.
 Gary was slightly ruffied.
 That senator is certainly laboring in error," he said, controlling himself with an effort.
 Representatives Gardner and Young clamored loudly for the name of the senator, which Stanley declined to fur nish.
 those companies" volunteered Gary.
 Well. I'll put the name in the rec ord" said Stanley. 'Mr. Hall, you will be sworn"
 Robert c. Hall of Pittsburg was sworn while the committee and spectators gazed astounded. Hall outlined the financial conditions of the two com panies, indicating that the Mononga hela was under the control of the Pitts burg concern.
 T have been told by Senator Oliver" he said. that these companies are to be taken over by the steel corpora tion."