The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1911-09-22
u. S. STEEL TRUST
MAY DISSOLVE
CONTINUED from Page l.,

railways and others. the Pittsburgh
Steamsh hip company and other trans
portation lines
The third is to own the steel cor
porations ore lands in Minnesota, its
coal and limestone fields in several
states.
How II Would Affect Gary.
If the reorganization plan mentioned
is carried out the chances are that the
Gary steel works. coke ovens. bridge
plant and tinplate mills would come
under the head of the first company
The ore boats and the y" railway and
its big yards in Gary would be in the
transportation company. while the
Gary Land company would probably
come under the third group.
Hope to Find Way Out.
man who holds a high post in one
of the great industrial combinations
discussed at the recent conferences held
at Mr. Wickersham's house, said
lit is premature to say vet that any
OF these corporations which comprise
United States steel are going to aban-
don their present organizations. What
they seek now is something better than
their own lawyers opinion that they
doing a legitimate business. In
this way, some have gone to the attor-
ney general to ascertain, IL possible,
what is proper to do under the circum-
stances; that is to say, what action. If
any, is necessary for them to take to
make them stand right in the eyes of
the government"
Besides sos. 1902 900 outstanding com
mon and $3.50, PSI, 900 preferred. the
steel corporation has $685. 900 bonds
in the hands of the public. Bonds as
ties originally acquired, and for the
plants since taken over, and s15o,
coo bonds were later exchanged for
the company's own stock.
Own Hundreds of Plants.
The properties now owned by the
steel corporation include, in part, 127
blast furnaces. 256 open hearth fur
naces. thirty FIVE Bessemer steel con-
verters, sixty-six rail. bar and billet
mills, thirty-two structural shape and
plate mills. seventy-three merchant
mills. 2s5 tin plate mills. 1874 sheet
mills. four cement mills, thirty coal
plants, sixty-seven warehouses, 256,O0O
acres of coking coal and other coal
lands. 612 coke ovens, seventy nine lake
steamers and Gas miles of reilroad.
Many of the steel companies taken
over by the steel corporation in 1901
such as the Illinois Steel company, the
American steel and Wire company the
National Tube company, the American
Sheet and Tin Plate company, and tha
American Bridge company, We're COM
binations themselves, subject to the
Sherman antitrust law.
The United States Steel corpora ton
with $110o.0oo capital. controls less
than so per cent of the steel business
of the country, according to its own
claims.
Controls Big Trade.
1t, however, controls practically "a
per cent of the steel ore remaining in
the United States, and it is said that
both the Stanley committee and the at
torney general regard this as the
greatest menace to the steel industry
of the country.
The company owns practically all the
mines of the Lake Superior ore region
1t owns most of the developed mines
in the southern ore region and IL has
long contract with the Great North
ern Ore company. which gives it 9
practical monopoly of all the iron ore
in the northwest.
Its principal subsidiary companie:
for the manufacture of steel are the
Carnegie Steel company, the Illinois
steel company, the National Tube
company. the American Sheet and Til
Plate company. the Sharon Tin Plate
company. the Indiana Steel company
the Lorraine Steel company. the UnioI
Steel company, the Charlton steel com
pany. the American Bridge company
the Shelby Tube company, and the Ten
nessee Coal and Iron company.
Owns Many Railroads.
These control 103 plants for tn
manufacture of steel and 1877 blast fur
naces.
The United States steel corporation
owns in the United States a railroad
mileage of 91S miles, with 10 miles o
branches and spurs and ninety mile
of sidings Its principal railroads ar
the Duluth and Iron Range, the Dulutf
Mesaba and Northern, the Elgin, Jolie
and Eastern, the Chicago. Lake Shor
and Eastern, the Bessemer and LAX
Erie, the Birmingham Southern an
Union railroad.
In addition to these it owns abou
twenty Ave small roads, each with
mileage of less than twenty mile:
Its railroads have 1,10S locomotive
and 1925 freight cars. Its marin
equipment consists of eight-one steam
ers, ffty-eight steel barges. sevent
wooden barges, one ocean going steam
err and two tugboats.
1t owns the city of Gary, which
has constructe dat cost of nearly So
600, 600