Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1911-06-15
Steel Trust 70
SUGGEST NAMES
WILL TRY 10 "IELp ALONG" TnE
INNESTIG NrION NOW ON,
REFUSAL MAY Be HAD
GnNlcy on stand for Fourth Time
Admits SIS Price Was FIXED
BN agreement.

By Associated Press
Washington, June lA.-Thc United
states Steel Corporation intends TO
suggest TO the Stanley steel trust in
v,csugatng committee the calling Of
Witnesses whom the committee may
overlook and who may hight upon mat
terG IN question in the inquiry. and
also suggest that persons be asked to
be subpocnaed II the committee fail
to bring our facts possessed 10y such
witnesses,
II, G, Llndabury, counsel for the
steel corporation before the commit
tee declared this to he his Intention
today at the close Of the cNamiua-
tion of James Gayler former vice-
president of the steel corporation. In
answer to an inquiry by Representa-
tNc Young of Michigan.
1T is our Intention, said Mr., Linda
bury, to suggest questions oyeyr.
looked that We think pertinent. and
Witnesses whom we think In all fair
mes sshould be called,
The committee will exercise It's
discretion as to whom il wall sum
mCn," said Chairman Stanley
"Of course. | assume MIR. Linda
bury replied, that the committee
would not refuse to summons wit
nesses we suggested"
THAT will be determined when the
suggestion are made" Mr.. Stanley re-
piled.
James Gaylor, former Wce-presi-
dent of the United States steel cor
poration. took the stand for tn,
fourth time today before the Stanley
committee investigating the stee
trust and members OF the committee
resumed their questions regarding the
agreement to place price of S28.0C
on steel rails
since 1900 the price Of rails has
been $2S ton" said Mr. Gayley IN
reply to questions from Representa-.
| tive Bartlett.
How is IT," asked Mr. Bartlett
that In 1897 and 1898 rails sole
for Sl7 20 SIS ton and In 1S9!
the price jumped to $2S?"
Mr.. Gayley said the lower prices
were the result Of fierce competition
THE price has been uniform since
the steel trust came into existence
The price Is maintained because It IL
regarded as reasonable price"
Mr.. Gayley could throw no ligh'
on the exports of steel rails. saying
that It was not In his department OF
! the business.
This price OF s2S is E. o. b. at tn,
mill no matter where the mill is?'
asked Chairman Stanley
That Is right" replied the wit
ness.
Referring TO one of Charles NJ
Schwab's statements, Chairman Stan
ley asked the witness II rails coulC
he manufactured in 1899 for Sl2 1
ton.
"They could not" said Gaylcy
~ asked Mr. Schwab about tina
ard he merely smiled. They canno
he made at that price now at an!
mill
AT that time they could not have
been made at Sl2 unless the loves
wages were paid. unless ores anC
mines were handled at the cheapes
rate and unless no account was takeI
/ of property depreciation"
MIR, Gayley admitted that the t2'
price for rails was made by a mutua
i agreement between the steel men an,
the railroads to the effect that tn,
price was fair.
Mr. Stanley questioned Mr. Gayle!
regarding the policy" Of the othe
Carnegie company which believed Il
the association of individuals viii
}. proper knowledge, with u high per
sonnel to manufacture steel as cheap
i IS as possible.
Don't you think that this Is still
the best policy today" asked Chair
man Stanley
81 think that It is the policy pur
sued by the steel men generally,
said the witness, declining to admi
that there had been any great chang,
IN methods since the retirement o
Carnegie