The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1911-06-30
CONGRESSIONAL TRUST PROBE.

lNAfNG 1SlQi@YAta AhO1t FngDLs
The Democratic house, through It's
trust investigation committee is lay.
ang the foundation for the eradica-
tian OF many corporate abuses.
These Investigations, yet In their in.
fancy have revealed methods Of op.
GRAFTON than are III direct eontrayen.
Hion OF the Sherman antitrust laWg
both as q criminal and civil statute,
and pf the general principles of the
common law developed through cen
gliries for the protection OF the peo-
pie against monopoly.
The steel probe, though IL has not
yet penetrated into the bottom OF the
complicated machinery which ami
mates the great God OF Steel. has
nevertheless largely shown substan.
aial violation OF the law. with taeit
consent by former President Roose-
Nelf It Is an investigation that has
demonstrated not only direct guilt
by the interests controlling 1t, but
wnlch has put the Roosevelt admin
igtration Ia that respect, virtually on
trial before the American public.
Mr. Roosevelt, Mr. Root and others
W the then cabinet ought to be-
compelled bg the committee to put
themselves on record as TO the au-
th0rity BY which they allowed the
Tennessee coai deal to 90 through
That they Will be subpoenaed to
answer the committee now seems
certain
The admissions Of James Gayley
Dsfore the committee, that the Car
iegie interests, valned at $520,000,.
900 In stock, when merged into the
Tinted states Steel corporation we're
only worth $75,000000. Is but one in
stance of the disclosures which the
inquiry las brought out II Is look
ad upon ais the price paid FOR stitiing
Carnegie competition. Carnegie. ac-
cording 10 John w Gates would not
keep the gentlemen's agreement.
Hence the characterization OF Gates
and others hy the Lard OF sisibo as
muis. and gamblers and maleiaclora
Of various degrees of crimnality
Mp. Carnegie promises to show mp
his side Of tlle ease when he takes
the stand He WAS the chief party
10 the enormous deal and his testi-
mony viii probably set the princi
pals somewhat more by the ears than
they have been 80 far Out of this
viii come much desired light on the
tranaa0fluns OF the giant corporatlon-
iii the investigation OF the sugar
trust the fact has developed that
when the stock of the American Beet
Sugar company was sold 10 the Am-
erieEn Sugar Refining company in
1SS7 Il vas watered rs per cent and
THAT the latter company had attempt
ga TO unload Sl0000.000 of the
worthless securities on the National
Refining company No pay diyidends
On these fictitious yalues tAe public
rs baccaneered and pirated at every
port
Not only has The Democratic house
pried open the lid ni lae trnst mis-.
dofngs, but II has Id the brief time
il h2s lspsn al work shown loose, ex
/ tFavagaTn and whnseis- unNamanted
HlaaageYasnt ~ Rhp affairs nf the war
Solls EtlnN AapM'tms4lta,a scoAi atlla
'gHlalHs sHhsaaiufs~ os aanlaFs lttsnRalIyu
Unfortunately high fens IN ihe depam
ment oI Justice. which has expended
approximately sl,000,0e0 for special
trust busting counsel within the
past two years, Of which Henry l.
Stin4son. now secretary of war and
The Roosevelt protege who felt the
haoa IA tae gubernatorial election tn
N@m York ASH fall received sS2
32787, Incompetence Or worse IN the
state departments shown by the
R0aenthal voucher. In which money
'loslg ior ilye years has not yet been