The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-08-13
HOW CARNEGIE HELD
ON TO NEEDED PLUMS
w. G. Temple Tells House Com.
mittee Interesting Story Of
Morgan Deal.
Continued From Page One.

out to make a big cut In Prices WIN
out his eyes wide open to the conse
qucnces
Representative Bartlett asked Mr.
Temple if he had read about the Cars
dinners.
"You know, Judge Mr.. Temple
said, ~ am farmer now and my read.
ing of the papers is limited. read
the baseball news IN which l am IN
tercsted and for the last few weeks
news from Washington, debating
whether to change my politics from the
Democratic TO the Republican party be-
cause my party appears to be handing
me what / raise and sell myself-a
| lemon
Good and Bad Trusts.
| Mr.. Temple delivered lengthy trust
talk to the committee, describing good
and bad trusts. He said its affairs
had always been public and that it had
reduced prices to the consumer and had
"held the umbrella over its competi-
tors rather than attempted to crush
them. Asked by Mr.. Littleton what
legislation he could suggest as sub
stitute for the Sherman law, he SAID
he could not suggest law, but he be
| lieved there should be some sort of gov
ernment supervision of great corpora
tions and that corporations should
live constantly in a glass house. 7"
Chairman Stanley of the committee
read q telegram from Melville z. Stone,
general manager Of the Associated
Press, requesting a hearing. He will
be heard when the committee resumes
after the recess.
Stones Telegram.
Mr.. Stones telegram to Mr. Stanley
"Albany, N Y, Aug. IL, 1911.
HHon. A o. Stanley,
Washington, ID. c,
fHave just learned that personal
letter of mine to Oakley Thorue was
introduced in evidence today It is
only fair to say that this letter was
written under what now proves to
have been misapprehenslon of the
facts, and its use before your commit
tee without explanation is unjust l
therefore request a hearing at your
hands.
(signedl
MELVILLE E. STONE"
"The chairman" announced Mr..
Stanley, "will be very glad to hear
from Mr.. Stone"
"I received a telegram from Mr.
Stone this morning" said Representa-
tive Littleton of New York. ''I do not
happen to have it with me, but in it
he requested that his telegram to Mr.
Stanley be introduced in the record of
the proceedings
All the members Of the committee
expressed the opinion that Mr. Stone
should be given an opportunity to sp-
pear. r. c. Boiling, one Of counsel for
the United States Steel corporation
declared that "oD behalf of Mr.. Per.
kins / would suggest to the committee
that Mr.. Stone be subpoenaed. -
Granted Hearing.
Mr., Littleton moved that when the
committee resumed sessions after re-
cess Mr.. Stone be heard. This was
agreed to-
W. G. Temple of Pittsburg, who was
commissioner Of the Steel Plate asso-
citation, formed in 1900, was called as
the first witness. Mr.. Temple said that
in the formation of the United States
Steel corporation H. G.. Frick had Wis.
tied j, PieTpont Morgan with on op.
ton or on the the Ca Carnegie Steel company
the price was too high, but that six
months later he paid $500, ,0oO,00 for
the same property
Mr.. Temple told of the existence of
| a structural steel association in the
United States formed in 1897 and the
steel shafting pool. He was confronted
with copy of the agreement of the
structural steel agreement entered into
in 1897 This agreement apportioned
to its members a percentage of sales as
| follows:
The Carnegie Steel company, 493s
per cent; Jones g. Laughln, l2k per
i cent; A. and r. Robertson company,
ll1a per cent; Passaic Rolling Mill
company, per cent; Phoenix Iron
| company, per cent; Cambria Iron com.
pany, 3 per cent; Universal Construc-
tion company. AZ per cent; Potts
cent; Cleveland Rolling Mill company,
| 3 per cent.