The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-06-01
STEEL PROBERs
ASTOUNDEO BY
GARY'S EVIDENCE
Amazed to Learn That Cow
eminent is Carrying on
Exhaustive Search
DOCUMENTS ENOUGH
TO FILL A ROOM
SAID TO BE ON HAND
Congressional Committe e
Hear Steel Trusts Head
Give Complete Story of
Corporations Acts

Inside Facts From tho Testimony Of
f. III. Gary.
The United States Steel Cor !
poration as owner Of the stock Of !
the subsidiary companies ultt-
Inately controls the subsidiary
companies absolutely, their mnn-
agement, operation and offlcers
The United States steel Cor
porarton gets its Income soaesiy
from dividends declared by the
subsidiary companies.
Prior to the organization OF
the trust the subsidiary companies
were competing concerns. "a
II a subsidiary company under
takes anything detrimental to this
trust the management can easily
he changed. Gary usually attends
to that detail.
WASHINGTON d. c.. june L.
either President Taft or the de-
parfment of commerce and labor
has suppressed an exhaustive re-
port ON the United States Steel
Corporation, the result OF SIX
years investigation blythe buFenu
of corporations, WAS strongly In
tmated before the Stanley steea
tBtGFIA&tlluk COlklIInLDt0 VO~GA8ys /
Judge Ebert H. Gary, tho clEe1
executice officer of tho big cnx~
poration, whose "vee' or NO.
means hundreds of millions IN tho
steel industry, declared that al-
most any information he might
give, Is already In the hands OF
the government.
The bureau OF corporations has 3n1
SIX years been examining orr books
and records. They have mazda : rno
exhaustive review OF all OF our bust
ness and our methods," declared 0aty.
why then must we have a mass OF
documents that would almost I'LL this
room regarding our organization"
WHAT" demanded Chairman Staa-
ley, plainly astounded. do you mean
to say that the bureau has been look
ing at your business from the inside
for four or FIVE years IS
Why. certainly" returned Gary.
why, / don't know how many hum
dred of thousands of dollars 1t has
cost us to aid the bureau in that in-
vestigation."
Has All the Facts.
Has the bureau accurate fnforma-
ton as to the very inside facts Of
your business" again demanded Stan-
ley increduousiy.
Yes, Of course, reiterated Gary.
Stanley paused a minute and then
demanded impressively:
Have you any information as to
whether that data gathered by the
bureau has been furnished to the
present president Of the United
States"
Attorney f., V. Lindaberry, repre-
senting the steel trust. here interposed
an objection, but Gary insisted on an
swering tho question after lengthy
argument
Il have no knowledge as to whether
the department has furnished this
matter TO the president" he said.
This has been a long and tedious
examination of our business. / have
inform alton that the report will be
to the president. l hope
within the next few months / do
not know whether partial reports have
been furnished to him or not
Just before the hearing adjourned
for the day. Stanley sprung another
bomb. in the shape Of a demand that
Gary outline any plans the steel mag
mates may have for an international.
worldwide organization to control the
steel industry throughout the world "a
the United States Steel Corporation
does in this country.
Iron and Steel Institute.
The examination had turned to thu
activities OF the American Iron and
Continued on Third Page.)