The Birmingham age-herald., 1911-10-27
Interlocked DirectOrates


 Attached to the bill among other eXhib-
 it's of alleged agreements is a statement
 showing the extent to which the so rep
 resentatives were represented in the dl-
 lectorates of other concerns. It ShoNs
 George F. Baker as a director in 56, Ed
 mund c. Converse in 2s, William E. Corey
 ill 32, J. P. Morgan in 51 and the govern-
 ment petition says under the policy -here
 grew up a community of interest. It also
 says there grew up an influence to on-
 trol prices never before equalled in the history of the United States It says there came also a system of interockihg directorates which embraced almost the entire commercial and financial powers of the country.
 Tt has been a constantly growing sys- tenn since the creation of the corporation and therefore the personnel and alliances vary for the several years since 1901 bus
 the system and the power achieved by it have been practically the same from 1891 down to the present time.
 All the business of the corporation ana its controlled companies is conducted without competition among them and as part of general plan and combination by which they have partly destroyed compe- ton in trade and commerce among the states and with foreign nations and Lave
 by their strength, acquired a great and
 unwholesome influence over competitors, whereby they are bro ught into harmon ous action with the corporation in restrict ing competition and in restraining sucn trade and commerce.
 "Since its organization the corporation by means of its great earnings made pos
 sible largely through the power and con- trol over the trade in iron and steel de-
 rived from and exercised by the combi-
 nations described, has further increased it's power influence and domnancy by enlarging it's old plants and constructing
 new ones, paid for largely from its earn ings. The investment of earnings has
 been from $400000,000 to S45000 00,000, the real earnings amounted to an average ap- proximating F per cent per annum Upon the actual average investment in the properties but in estimating such invest | ment there are included values which arose from additions made out of earn l ings which earnings were largely and wrongfully enhanced by the unlawful l combination and the power and control I exerted by it."
 | In addition to the defendants already tnemed the following are parties to the l suit: Union Steel company, Clairton Steel | company West Missabo Land company, 1 limited; Wright Land company, limited l Davis Land company, limited Wells Land company limited; Stone Land company, | limited; Wabagion Iron company, Mino- sen Iron company, Nibiwa Iron company, | Wenona Iron company; Minawa Iron | company. Leonard Iron Mining company, Arthur Iron Mining company, Fillmore Iron Mining company, Harrison Iron Min ing company, Jackson Iron Mining com pany, Polk Iron Mining company and the Tyler-Van Buren company
 Within 15 minutes after filing of
 the suit a United States marshal went to New York to Serve the bill upon 15 defendants residents there, among
 them being J. P. Morgan, c. M Schwab,
 E. IT. Gary and J. D. Rockefeller, Serv- ice will be made within two days. Sub poenas also will be served requiring them to answer the petition the first Monday in December.