The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-13
Representative Stanley is of
Opinion Lady Doth Pro-
test Too Much Pc
NOT PATRIOTIC UP
TO IMPOVERIoHMENT
Chairman of Committee In
vestlgating Giant Cor
poration Talks of the
Situation

NEW YORK. July 12.-Represen-
tatiSe Augustus Q. Stanley, chair
man OF the congressional committee
now investigating steel, WAS In New
York to-day and discussed for The
Nirginian the interview given by
Judge Gary head Of tho United States
Steel Corporation, on his arrival in
London after the Brussels confer
ence. in which Judge Gary outlined
the Intentions and purposes of the
International Steel Institute.
The steel interests are evidently
trying a benevolent assimilation of
the powers OF the world" said Chair
man Stanley. Judge Gary says the
steel interests will now become the
most powerful agency in the world.
1f they should perfect such COM
bination as was outlined by Judge
Gary / think his statement will be
true. But I also believe that within
the next few years-yes, within an
incredibly short time. the question
of the execution OF laws SO written
as TO reach contracts in restraint of
nopoly will be the vital and para
mount issue not only In this country.
but throughout the world"
do you believe that the steel in
stitu;e Will defeat the purpose of Con-
gress to reduce tho tariff on steel
and thus bring about competition
and lower prices"
Effort 10 Eyade Law.
That said Chairman Stanley, lis
exactly what they intend 10 do.
This, I believe. liz an effort on the
part OF the steel manufacturers all
over the world to evade. the laws OF
the various countries meant to pun
tsh combinations and TO nuliify any
Legislation affecting import duties,
especially 80 far as this country liz
concerned"
rs there anything Congress can
do to circuWyent this plan?"
The plan defeats itself. An In
ternational agreement to maintain an
fnordtnate price must necessarily out
rage the victims OF that agreement.
namely. the consumers And IL the
governments of the world take the
course 1t Is natural TO assume they
viii take, and refuse to foster at
home concerns that so abroad for
the purpose OF doing things they do
not dare to do at home. they cannot
maiutain these exorbitant prices with
out the aid OF the tariff for the rea-
son that capital will be invested In
ore In Brazil. Cuba and other coun-
tries which will endeavor to reach
the open markets OF the world at
fair price"
But is II not fact that the steel
com htnation controls practically all
ha n re bO Il
Practically all In the United States.
bat there are still great quantities
in Cuba and other countries-enough
at least. to furnish the basis for pro-
ate.haA prod. eison and to, provide
competition for the steel institute.
The United States Steel Corporation
has got mass of ore that Is capt.
talized and that Ii does not really
own. Take the Hill leases. BY the
terms Of these leases they will them
selves be milestone around the neck
OF the steel corporation as soon as
the Interstate Commerce Commission
declares that the railroad rates are
/ do not mean to say
they are inadequate. That must be
decided by the commission.
Understand me, please. - do not
mean to charge that Judge Gary has
to perfect an international
agreement in restraint OF trade or
that the United States Steel Cor
poration is party to it. but what I
am discussing Is the best way OF
protecting the consumer against any
such contingency II 1t comes to pass"
No Worlds Peace.
What do you think Of Judge Gary.s
declaration that the International
Steel Institute will bring about in
ternationa1 peaceg'' E
II cannot believe that the steel