The Detroit times., 1911-06-30
WIRE TRUST IN
s. GRAND JURY NET
Indictments Against Associations
Close To Steel Trust Charge Re-
straint Of Trade-Gould in List.

NEW YORK, June 30.-The legality
OF the indictments returned by he
federal grand jury against the "a wire
manufacturers and their employees,
Guiding two subsidiary companies Oh
the steel trust. will be assailed py the
attorneys for the men and companies
concerned. Demurrers are 10 De pre-
pared and filed In the immaculate Iu-
ture. but according to District Attor-
ney Wise the evidence against tnose
indicted Is conclusive.
The prosecutor made II very plain
today that Notwithstanding most OF
the pools went out OF business Two
years. ago the correspondence IN MS
possession which resulted In the grand
Jury actions shows that all concerned
have carefully carried on their busi-
ness along the plan used by tne pool
promoters.
II was decided today that there VIII
he no arrests in the present cases. All
of the persons named In the indict-
ments will be notified to appear before
the court next week. and pleas Will.
be entered. II present plans are fol-
lowed demurrers will be interposed to
the indictments and the date for trial
will not be fixed until these are dis
posed OF.
"What this suit charges" said
District Attorney Wise, is a trade
agreement In restraint OF trade" The
government does not seek to estab-
lish a physical or fiscal merger OF
the properties or interests indicted.
but q series of pools to maintain
prices and apportion territory In elm
ination OF competition, and 30 In yio-
lation of the Sherman act.
Thus, the suit appears as further
effort OF the governments determine
ton TO deal vigorously with restric-
against the Periodical Clearing
House this week, and against the
box and paper manufacturers earlier
are cases In point.
There is no indication, however,
that evidence gathered by the bu-
reau of corporations In its investi-
CATION of the steel corporation play.
ed any part in the indictments. Only
two or the indicted associations
contain subsidiary companies of the
giant corporation, namely, the Am
erican Steel & Wire Co., and the
Trenton Iron company. The Ameri-
can Steel & Wire Co., however, Is
mentioned in the indictments against
seven Of the associations. In the In
dictments against the Telephone
Cable association and the Fine Mag
net Wire association II is not men
toned. The most prominent individ-
ual defendants and full list OF the
at In, nh f1,av mo
bers follow:
Frank Jay Gould. president of the
Old Dominion Iron & Nail Works,
Belle Isle, Richmond, Va; Herbert
l.. Satterlee, president OF the Hab-
lershaw Wire company, Yonkers, N.
Y; William p. Palmer, president of
the American Steel & Wire COM
pany, Waukegan, H.; and Worces-
ter, Mass; Charles F. Brooker, vice
president OF the Ansonia Brass &
Copper company, Anson.a, Conn,
and member from Connecticut OF the
Republican national committee; Har-
ry G. Stoddard, president OF the Tren-
ton Iron Co., Trenton, N. j.; Erskine
Hewitt, vice-president of the Trenton
Iron So; Frank N. Phillips, president
Of the American Electrical Works,
Phillipsdale, r. l.; Ferdinand w.
Roebling, president of John A. Roeh-
ling's Sons, company, Trenton and
Roebling, N. j.. Philip II. W. Smith.
second vice-president of the Standard
Underground Cable Co., Pittsburg,
Pa, Oakland, Cal, and Perth Amboy,
The associations include: The
Horseshoe Manufacturers' associa-
ton, William p. Palmer and others;
Bare Wire Copper association. Will
lam p. Palmer and others; Weather
proof & Wire Magnet association,
William p. Palmer and others; Lead
Encased Rubber Gable association,
William P. Palmer and others; Wire
Rope Manufacturers association, Ed
win r. Jackson, Jr., and others;
Fine Magnet Wire association, Ferdi-
nand w. Roebling and others; Under
ground Power Cable association,
Philip III. W. Smith and others; Telc-
phone Cable association, Frank N.
Phillips and others; Rubber Covered
Wire association. William p. Palmer
and others.
The genaral charges in all the in
dictments are the same, allowing fol
the difference in the business In
which the defendants were engaged.
Thus one indictment reads:
Because said corporations, at all
such times, have been, and In fact
now are separate and distinct from