Evening star., 1911-08-10
Would 60 the Limit.

LAS between going to that limit or to
continue as we are going now, l would
prefer to go to that limit.
Certain ii is that we cannot go on as
We are now. Our policy is absolutely an
tagonistic to that Of Germany
What is ii that prevents the steel cor
poration believed to be successful, from
going on as ii is?
To answer this, Mr.. Perkins rose to MS
feet and talked with great enthusiasm
Judge the steel corporation, perhaps,
has been successful" he said.
The fear we have today is based on
this We have reached a point where
the executives Of our government in en-
forcing the laws made by Congress, which
they are in honor bound to do, are pro-
ceeding at this moment to dissolve the
Standard Oil Company.
Red Flag Of Danger.
4 hold no brief for the Standard Oil
Company" added Mr.. Perkins, "and have
no aff1fiiation with II whatever. But that
action ought to be a red flag, danger
flag, to every other corporation in this
country. The Standard Oil Company is
a huge organization, the result Of years
Of growth, and the United States govern
ment has spent thousands Of dollars of
the peoples money to investigate that
corporation. Instead Of trying to find out
what good 1t has done, what it has done
for labor. in lowering prices, etc, the
government is now engaged in breaking
ii up into ttirty-three different parts. If
that isn't a notice to other corporations
TO look out. I don't know what is. That
is why I am opposed to any effort to
break up the steel corporation"
Chairman Stanley then answered Mr..
Perkins.
Isn't it true asked Mr.. Stanley.
that the steel corporation is a rope
of sand, that ii doesn't own mill. an
acre of ground. or one material thing,
and that the subsidiary companies have
their own corporate entity? Even the
counsel Of the steel corporation has re-
fused to give us the minutes of those
subsidiary companies for that very
reason
Here Mr. Lindabury, counsel for the
corporation. made vigorous denial that
he had refused to produce books and
minutes. He referred to the executive
session of yesterday. and to some ar
rangement that had been made there
which had been publicly discussed. He
said he had already turned over minutes
of the subsidiary companies after they
went into the steel corporation, and ne
outlined the details of the steel organi-
zation as given the committee by Judge
Gary some time ago.
In Fear Of Dissolution.
rs it necessary in order to conduct
| large business organizations to con-
law of 1890. the Sherman law?" asked
| Representative Bartlett.
1T most assuredly is necessary"
| ''The United States Steel Corporation
| has observed the law for the pas'
| years, has 1t not?"
/ Yes
Then why do you now ask that tn
| law be changed?"
Mr.. Perkins replied that the chairmal
had just suggested that the steel corpora
| tion might be dissolved; that he wa
keenly alive to the mistakes that ha'
been made by the steel corporation, bu
believed that the United States govern
what is good in the combination Nigh
be preserved to the people.
| "Is 1t fact" Mr. Bartlett asked, "tha
the Morgan interests and other financia
men of New York, by reason Of grea
control Of money. dominate the financia
situation of the whole country
1T is not a fact
Clash Is Averted.
The threatening clash between th
Stanley steel committee and Georg
w. Perkins was averted yesterday after
noon by mutual concessions. The com
mittee modified the form Of its question
and the attorney for the witness prom
ised to furnish voluntarily some informa
ton, so Mr.. Perkins was not put on tn
Track Inasmuch as both sides put on rec
ord their opinions that they were rfgh
I'm their respective contentious, homo
was deemed satisfied.
Counsel Lindabury stated that tn
United States Steel Corporation did, j
1904. give $4,000 to IA campaign fund o
which Mr.. Perkins knew nothing. and h
promised to furnish the committee In
formation in detail. Mr.. Perkins denie
that he had ever contributed to q cam
paign fund expecting to be reimburse
by the steel corporation.
At the afternoon session yesterday MI
Perkins gave the details of the attempt
ed bond conversion scheme for takin
over the preferred stock. which neve