The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-11-16
EXPIRES. Roosevelt Says Ad-
ministration's Treatment of
Business Has Been Cause
of Great Unrest.
HE DENIES DUPING
BY STEEL MAGNATES
Defends His Course in Ten
nessee Coal Case-Govern-
ment Supervision of Cor
porations Advised.
(National News Association)

NEW YORK. Nov. 16.-That the pre-
sent administration at Washington in
its dealings with, and treatment of
business has brought about chaotic
condition of affairs, both as regards
the business world and the policy Of
the government, Is the flat footed
statement OF Theodore Roosevelt in a
long editorial appearing in this weeks
issue of the Outlook"
Mr.. Roosevelt writes at length in
defense of the Steel Trust and his
dealings with 1t, and he brands as
false that part of the governments
petition in its suit against the corpo-
ration in which it is set forth that he
was misled by Messrs. Frick and
Gary in that memorable conference
which brought about the absorption of
the Tennessee Coal and Iron COM
pany by the gian concern. He de-
Clares that it Is necessary to give
the national government complete
control over the organization and
capitalization of all business con-
Germs engaged in interstate COM
merce."
Under the caption "The Trusts, The
People and The Square Deal" the
former president with his we'll known
vigor gives his views on the solution
OF the problem of monopolies. After
declaring that the suit against the
Steel Trust has brought vividly before
the people the necessity of action to
clear the situation, he proceeds in
part as follows:
Antitrust Law Weak.
"As president, in messages to con-
gress, l repeatedly called the atten-
ton Of that body and of the public to
the inadequacy OF the antitrust law
by itself to meet business cOndi-
tions and secure justice to the people,
and to the further fact that it might,
II left unsupplemented by additional
legislation, work mischief with no
compensating advantages; and l urge
as strongly as l know how that the
policy followed in relation to rail-
ways in connection with the inter-
state commerce law should be follow
ed by the national government as re-
CARDS all great business concerns; and
therefore as first step the powers OF
the bureau of corporations should be
greatly enlarged, or else there should
be created a governmental board. or
commission, with powers similar to
those OF the interstate commerce COM
mission. but covering the whole field
of interstate business, exclusive OF
transportation (Which should by law
be kept wholly separate from ordinary
industrial business, all common owner
ship of the industry and the railway
being forbidden.)"
After calling attention to the coun-
sells he received from former secretary
of interior. James r. Garfield, on the
trust questions, and making public q
letter in which Mr.. Garfield denied
that he had been misled by officials
Of the Steel corporation at the time
of the acquisition by the trust of the
Tennessee Coal and Iron company
Colonel Roosevelt again takes up the
government suit against the corpora
tion.
Denies He Was MisIed.
He emphatically denies that he was
snisled by Judge e. H. Gary and Mr.
Frick at the time of the purchase OF
the r. c. & l. company by the trust
during the height Of the panic of 1907
The colonel reviewed his testimony
before the Stanley investigation com
mittee. and recalled the meeting be-
tween himself and the steel trust Of
ficials In Washington in 1907. quoting
figures to prove that the purchase OF
the T. G. 4 l. had not changed the
situation as regards the Steel corpora
tons position in the field Of indus
D trialism. He argued that he had no,
Seen q party to any transaction in
tisnching the trust in its position.
CSl. Roosevelt assumes the credi,
for \inaugurating the campaigns
against centralized capital. which has
resulted Nm the dissolution of the
Standard ON company and the Amer