Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-05-03
PROBING THE TRUSTS
House of Representatives to
Make Exhaustive Inquiry.
INITIAL ACTION IS TAKEN
Resolution to Investigate U. S.
Steel Corporation Reported.
CREATES COMMITTEE OF NINE
American Sugar Refining Company
Also in the List.

The resolution introduced by Represen-
tattve Stanley Of Kentucky providing for
the creation of a House committee of
nine members TO investigate the United
States Steel corporation was favorably
reported today by the House committee
on rules. of which Representative Henry
of Texas Is chairman. It is understood
the resolution will be brought before the
House IN the near future and passed. in
order that the special committee may
begin its work at the earliest possible
moment.
Only one material change was made in
the resolution by the rules committee.
As introduced by Mr.. Stanley the reso-
luton provided that the members OF the
committee should be appointed by the
Speaker. The committee changed It to
committee Of inquiry must be elected by
the House.
The resolution directs an investiEa-
ton "for the purpose of ascertaining
whether there have occurred violations
by the United States Steel Corporation
or other corporations or persons OF the
antitrust act of July .. 1890. the vari-
Gus interstate commerce acts and the
act relative to the National Banking
Association. which violations have not
been prosecuted by the executive Of
ficers of the government, and if any
such violations are disclosed. said COM
mittee is directed to report the facts
and circumstances to the House"
Points Of Inquiry
specific Investigation is directed
into the United States Steel Corpora
ton, its organization and operations
a nd ic do
committee to inquire into the follow
ing:
Whether said steel corporation. has
any relations or affiliations in violation of
law with the Pennsylvania Steel Com
pany. the Cambria Steel Company, the
Lackawanna Steel Company or any other
iron or steel company nominally inde-
pendent
Whether said steel corporation through
the persons owning its stock, its directors
or officers. has or has had relations in
violation of law with the Pennsylvania
Railroad Company, or any other railroa d
company, coal companies or with any
national banking companies. trust com
panieS or insurance comp anies or other
corporate organizations or compan MES. or
with the stockholders. directors Or other
of1cers or said companies, and whether
such relations have caused or have a
tendency TO cause any of the results fol-
lowing:
First. The restriction or destruction
of competition in production or transpor-
tahon, including conspiracies to crush
competitors.
Matter of capitalization.
second. Excessive capitalization Of
corporations with large bond and stock
issues not representing real values
Third. Combinations of corporations
created by the ownership by one corpora
ton of the stock of other corporations
Fourth. Speculations in stocks con-
Quoted by agreements among associated
officers or agents of the various CORPORA
tionS.
fifth. Private profits through such
speculations to officers or agents of sucn
corporations at the expense of the stock
holders and the public
Sixth. Panics in the bond and stock
markets and in the money markets"
Authority Conferred.
The resolution gives the committee
authority to sit during sessions of the
House or the recess Of Congress. to
employ clerical assistants, to com
pei the attendance OF witnesses, to
send for persons and papers and to ad-
minister oathS to witnesses