Evening journal., 1911-06-01
REPORT ON The
STEEL TRUST
Bureau Of Corporations Has
All the Information, Says
Judge Gray
COMMITTEE CHAIRMAN
SURPRISED AT THE NEWS
BY The United Press.

BY The United Press
WASHINGTON. June THAT either
President Taft or the Department of
Commerce and Labor has suppressed
an exhaustive report on the United
States Steel Corporation. the result Of
six years Investigation by the Bureau
of Corporations, was strongly inti-
mated before the Stanley Steel In
vestigating Committee today
Judge Elbert H. Gary. the chief
executive officer Of the big corpor-
alton, whose yes" or no" means
hundreds of millions in the steel in
dustry, declared that almost any in
formation he might give, is already in
the hands of the government.
THE Bureau OF Corporations has
for six years been examining our
books and records. They have made
a most exhaustive review of all of our
business and our methods" declared
Gary. why, they must have a mass
Of documents that would almost fill
this room regarding our organiza-
ton"
What" demanded Chairman Stan
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?"
Why, certainly" returned Gary.
why, | don't know how many hum
dreds Of thousands OF dollars II has
cost us to aid the Bureau in that in
vestigation."
Inside Information.
Has the bureau accurate informa-
ton as TO the very inside facts Of your
businessY again demanded Stanley
! incredulously.
Yes. of course" reiterated Gary
Stanley paused a minute and then
demanded impressively:
Have you any information as tc
whether that data gathered by tht
bureau has been furnished 10 the pres
ent President Of the United States
Attorney r. v Lindaberry, repre-
senting the steel trust, here interposec
an objection, but Gary insisted on an,
swering the question after a length,
argument
Il have no knowledge as to whether
the department has furnished this mat
ter 10 the President" he said "Ther,
mas been long and tedious examina
uon OF our business. / have informa
ton that the report will be submitted
10 the President ! hope within III,
next few months. | do not know
whether partial reports have beer
furnished to him or not"
Just before the hearing adiourne,
lor the day, Stanley sprung anothe
bomb in the shape of a demand tha
Gary outline any plans the steel mag
mates may have for an international
worldwide organization to control tn
steel industry throughout the worl
as the United States Steel Corporatio
does in this country.
VIII Tell All About Il.
Gary replied. "I wish 10 say ths
! ! will freely and fully tell all OF ou,
aims and objects I'm this connection
and I think will set the minds Of tn,
committee as rest as to any possibi,
danger"
Gary took the attitude throuehou
the hearing that he was willing I,
give the committee any information
it might desire. His lawyer and thre,
assistants we're loaded down will
documents and papers.
During the examination, Gary wa
questioned as to the standing of thi
Tennessee Coal and Iron Company
which, according to John w. Gates
was forced into the combination.
Was the T. c. and I. Company al
Independent competing company?
asked Stanley.
"Oh yes it was independent enougl
so far as its business was. concerned,
said Gary. with a quizzical smile
. But it was quite dependent so IA
as getting a livelihood was concern
ed"
Gary declared the T. c. I. now owe
the corporation Si0.167, 1880 Of un
capitalized debt.
! Gary will continue his testimony a
, 10 o'clock tomorrow.