Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-06-30
WIRE TRUST FACES
INDICTMENTS FOR
VIOLATION Of
SHERMAN ACT
Long List of Prominent Indio
viduals Are Held to Account
BY Government for Alleged
Combine On Prices.
J. P. MORGAN DECLINES
TO DISCUSS AFFAIR
n, Evening Herald \. y. ssasrd w,r~,

IVY 'NFUsVG steENtU " stsFsfu Nttep
N"" York june 30. 0.---N'nr ihdict-
monts hargine restraint rradc nI
violation OF tho sherman amt trus,
law We're turnod bN a led .rnl rrtnl
Jury here mto yostcrday Afternoon
neninst a. many association and a
long list OF individuals compr-ms tho
so-caI,d "wir, trust affiliated WITH
the steel INDUSTRY
Tho virc manufacturers viI appear
Tor pleading Iuly .. when tho rsim-
inal branch - nc United States cir
cult court Judge Archibald pr,sid,ug.
next tou1vucs
No bench warrants have boon is-
sued nor have any arrests hcon uade
hut counsel Tor defendants will bee
asked ~ produce them in court
Prominent among tho dsfrndants
are Horhcr, g.. Sottorlce. "a eon-in.lnN
Of J. rirrpuut MORGAN. William 4.
Palmer. president ot the American
steel and WIZ, company, a subsidiary
of the United states -tecl corporation
aud Frauh Jas Gould uf Nov York,
president of the pld ponini fcon
and Nail Works company.
What THIS san, charges District
Aitornov Mise said. rs q ttadc agrcco
mcut ga restraint of trade.
The government does not neck to
establish "a physical or fiscal merger
of the properties OF interests indi-
Gated. hut series of poois to main
tain prices and apportion tcrritor, ~
elimination of romprtition.
Thus the suits appear as further
earnest cfiort of the governments de-
termination iu deal vigorously with
restrictive trad agreements
There ~ NO Indication that ci iidencc
gathered by the bureau cf Corpora
uons in It's Investigation q the steel
corporation played any part ir tho
indictments.
only two of the subsidiary COM
panies OF tho United states steel corr
poration are montiouod--na namely. the
American steel ana Wire company
and the Trenton Iron company. The
American steel and Wire company.
however X mentioned in tho indici-
mcnts against seven of tho asSucia-
iions IN tno indictments against the
Telephone cable association and tho
Fine Magnet Wire association 1t is
not mentioned
The most prominent individual de-
rrndants and q mn list of the assoc
Citations IN which they are mem pcrs
follows
individuals Frank J. Gould, pres
idcnt of thc old Dominion iron and
Nail Works. Richmond. Va.
uerboyt l.. Satt,rloc. president oi
tic fabirshaw wire company. Yonk-
crs. y Y.
william T. raimor, prosiden, Of tn,
American steel and Wire company ol
Waukcgan. m. aud Worcester. Mass
Charlcs p Rrookcr. VICE prceident
/ cf the Auson,a Brass and Copper
compan, Ansonie. Conn. and mem
hcr from connocticIt ot Tho Ecpuh
llcan national committee.
Harry q. Stoddard. president of thi
Trenton Iron COMPANY
Frank II. Phillips. president of thu
American Electrical Works. Phillips
0aio. r. |.
Ferdinand W Ro,b,ug presiden
Iuf the John + RutnliuT aud Som
company, Trenton and Hochlina. y, !
Philip H. " smith. second yic'
president Of IN. standard Under
ground cable company, pilJsburg Pa.
Oakland. cal, and Perth Ambvy. y.
Associations
The ilorsesho, Manufacturers asso
ciation
Barb Wirr copper association.
H. Wcathcrproot and VIII" MBgn.
association
Lead Errasrd Rubber Cable asso
citation
Wirc Rope Manufacturers associa
ton
Fin, Magnetic association
Underground Power cable associa
tinn
Telephone cable assotia;inn.
kuhhcr Covered Mir' assoclati tion.