The Sentinel=record., 1911-08-06


 ------------------ - national government acting as the government of Germany has, think, in tine potash matter-by actually in the interest of all the people interier- ing and exercising degree of con trol over a corporation which it would be wholly unnecessary !, exercise oy- Ter corporation that has no monop- ollstic taint."
 "I wish to say,v Mir. Stanley re- piled, that l am not of the opinion that the dissolution of the United States Steel Corporation into it's con stituent parts is an adequate rem edy."
 You are quite right said MT. Roosevelt.
 q believe" the chairman conrnued,
 that We must divorce absolutely the United States Steel Corporation from every common carrier on the contin- ent, and by law. force tfS~ common carriers to charge the steel corpora ton just what they charge other people. We must destroy rebate which is in violation of the letter of the law. If that is done and if m addition"
 Judge Landis tried to do that and failed,' interiected Mr., Rposevelts fhis comment provoking loud laugh ter.
 The chairman then went on to say he would prevent a director of the United States Steel Corporation fr\m becoming director oS'railroads and denounced the system of interloca- ing directors.
 stanley" said MT. koGsevelt, "or course I don't wish to commit myself offhand as to detail. With the gen. eral house of representatives of what you propose, am in hearty sympathy and I should go farther still In ex- ercislng, direct control over these big corporations. And allow me to say. sir, you nave known them at some distance. have lived near them ana I know them we'll. 7"
 In responding to queries directed to the Tennessee Coal and Iron Yan- saction and the testimony of Grant E. Schley that he did not know whether he would have failed had 1t not been for the sale of the Tennessee compa- ny to the steel corpration. MT. Roose- welt aroused the committee with the terse statement that if Schley did not know it, he was the only man in New York who did not.
 MT. Schley testified" said Rep lresentative Young of Michigan, that he did not know he would nave fail- ed if this action that you approved had not been taken"
 "I never had any doubt as to the wisdom of my action," said Mir. Roosevelt, mot for moment. And If MT. Schley says he did not know that he would have failed without the action being taken that was taken then he is the only man in New York who does not know it."
 In response to Representative Ster- Hing of Illinois, who asked if he had acquired any information since the Tennessee absorption which caused Ihim to think his approval of the deal was wise or unwise, MT. Roose- welt said:
 Every particle. of information have had since convinced me not on- | ly that my action was absolutely wise and absolutely proper but that 1t would nave been we'll night crimi- nal for me from the standpoint of | the representative of the people of the United States not to have done exactly what l did. I caESot state that too, emphatically. On the same subject. responding to Representative Bartlett of Geor- gia. MT, Roosevelt again emphasized the gravity of the situation. The battle was on." he said. "fhe administration was working in aid of the busy men who were trying to help out the situation. We would win partial victory after partial vic- tory and after any of these partial victories had sat supnely down and thought that victory was won, we would have lost.
 MT. Bartlett suggested with refer ence to the proposition of more dras- tic control of large corporation that he had won Judge Cary over to his side. MT. Roosevelt replied:
 T hope so."
 Judge IGary's suggestion" said MT. Bartlett, was that the Sherman antiltrust law had remained dor- mant for nearly twenty years and It had never been sought to enforce | d ro ffo H.. ,annut