The Washington times., 1911-10-27
The Steel Suit the Climax of Anti
b, ... Trust Litigations

In fling Sherman antitrust act for the dssou-
on Of the United States Corporation
aon notice Of Its definite purpose carry the enforcement
of that law the utmost limits President Taft Of his speeches
the has declared that the Sherman the
men of the national policy toward great combinations and that he
does not consider requires amendment Adudcated finally
the Standard Oil and Tobacco cases. he appraised
asset"
The Sheman-law policy of the Taft Administration brought
into acute with that of the regime Mr. Roosevelt
seemed to in general with that Supreme
Court aerwad put the law demanding its Interpretation and
execution in light believed frankness and
openness in dealing with the public accounted very
virtues These virtues the Corporation been credited with
in degree rather unusual among corporations Of its
All these considerations brushed by the Taft Admins
aon When egeny Of financial pressure Steel Corpo
alton desired to take control Of the Tennessee
Company officials Of the former submitted pur
pose to Mr. Roosevelt and asked permission STEP The
permission given.
Thus became Of the governmental policy to allow that
absorption That permission Rooseves way of reading the
light of reason condition into his aw-enforcement policy
But in the petition for dissolution corporation the Ten
Coal and Iron transaction severely attacked is charged
that President Roosevelt msed situation was not
laid before him. that real motives disingenuous
explanations given to him.
As all this the petition admits that the facts
all clear The be known only following
trial and the taking of much evidence But thing out
clear from this contrast of the policies of admins
trations
The fact that the law thing President and
means another thing to another President There has
change Of line letter the yet thing which Mr. Roose
ve authorized becomes the object successors attack The
policy which Roosevelt developed by successor
Business in such conditions, manesy feel no security in
its position The law the 1907 the business
transaction which in 1907 vsed and approved White
House epudaed and accounted House
in 1911.
Permanence uniformity continuity Of conditions absolutely
necessary the safe and business great small
These things plainly the country has yet
trust law has been the statute books wenone years.
originally with the clear intention that to have application
industrial combinations only and railroads. applied t.
railroads in the Traffic Association Securities cases
and denied application the Knight or Sugar trust
Thus in the first decade its existence literally turned
topsuy from its original status In the decade taken
hand by another set Of interpreters and interpretations again
tipped upside down. given rigorous application industra
the Tobacco and Standard Oil application
to railroads in the Hartman system case!
Add to this remarkable record the showing Of ready
form in the Steel affair just stated and
that there has been uniformity of meaning interpr
taon, policy procedure under this act.
As to the Steel Corporation ITSELF investors reinsurance
the fact that the Governments petition admits that today
ties of such value that the securities likely suffer
much dcounng that the properties was
fixed by the Bureau of Corporations oOOOoo Its capiaz
ton being, will there is value
back Of the securities maintain them present market prices
the strong conviction Of The that the Government
should not than individual brand any group of
dishonest maeactors voors until has the
proof its charges The Times does Judge Gary and
his associates have deserved thus be does not believe
that the Government petition alleges they trying get thai
which did not belong hem manipulate market or the fnan
cial suaton perform repeensbe toward individuals or