The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-10
Committed Believes that
Through Them Law
Is Evaded. III
SAME IN EFFECT
AS REAL COMBINE.
Roberts and Gayley, ofSteel Cor
poration, Put Through Grill Of;
Questions by Congressional
Probers- Appearance Of j. III
Pierpont Morgan as Wit X
ness Awaited. u

III y o'ttiiS eoii. June - ne nrSt Cla Sh
between the House committee Of in
quiFy into the United states steel Corr
poration affairs anu counsel FOR di,at
combination, X. " Lindabury, uccurredl
day, when Percival Roberts. In. ii
director. was under examination
Mr.. Roberts. ano former Nice-P rest-
dent James Gayley. of the eofporut!o!i.
were tozday's witnesses,GLv ti teslIryi..g
that agreements as to pIrce!inS -
output We're made between steei inan,t-
facturers before the steel corporation
was formed IA
The committee to-day sought to
show that through the Cary .uini.el u
the price OF steel products We're man.
tanned and competition curtailed Ii.
effectively as they We're pr!ot to ,ne.i
steel corporation formation, By gem
tlemens agreements made despite the
Sherman antitrust law fi.
Was 1t the same spirit OF philan-{
thropy that guided independent see e.
manufacturers to make agreements ne
fore the organization Of the United
states Steel Corporution?% Representa-
tive Beall, of Texas, uskeda Director
Roberts, "as prompted the steel corr
pora ton to save the nation in3lsU1aby5
taking over the Tennessee Coal and
Iron Company?' sbe 5jtEas
.fI 4 1
Mr. Roberts was replying that he did
not believe philanthropy entered into
business. when Attorney Lindabury
protested against the question. tl7i@
Il submit" said Mr.. Lindabury. that
arguments between the questioner anti
the witness are unseemly."i ij.i ,s3
The form otiquestion was modified.
and Mr. Roberts answered that since
the formal ton of the steel corporation.
business men in this country had new
ideals which governed them to avert
destructive competition. .tp
II believe" he said. that through
the Gary, dinners. men in the steel
| business have accomplished great re-
! suits for the benefit OF all by the app
plication Of. good common American
sense. Example, hasa great deal to
do with the affairs OF this world.', s
With j. Pierpont Morgan In mind.
though not mentioning him by name.
Chairman Stanley asked: rs there In
the financial world to-day man of
infinite power and vast interests whose
example Is regarded in a way as the
law by big business menu" 5ii;t
NO" replied Mr.. Roberts. IT think
there are certain new ideals of CO.
operation which govern us all, ideals
that may be personifed In certain In
dividauls.",
rs there such an individual in
,
3"Yes. I think SOL sig
Where does he resideg" g
II think his name is legion. AT
least that is the hope for the future
of this country. II we destroy .indi-
vidualism we surely will get into
trouble" l Az "a;
Who Is the example In the steel
industry ~ ase, si &.
"I think no one man particularly,
Is there not one man." Mr.. Stanley
continued, whose example business
men of the nation follow on account
Of his immense grasp OF modern con-
ditions. his touch which potentiates
the railroads of the nation, the steel
manufacturing business the * estab-
ilshment of banks and extends to all
the multifarious ramificationD of bust
ness of the country and who cannot
only frame business conditions, but
change them by the mere press OF
button:" Il
"aualities aud Ideals.p ;s
II suppose have In mind who you
mean Mr. Roberts answered smiling
ly. Whatever he may accomplish for
the good OF the government and up-
holding the business interests OF the
country. he does by reason of his
qualities and his ideals. II Is not be-
cause of his personality and name 1t
is the Ideal which he represents that
makes the country what 1t Is"
Many inqueries are reaching tina 4
committee as to when Mr.. Morgan Is
to be summoned as witness Chair
man Stanley AMI other members de-
cline to commit themselves, /. but lit
Is reported Mr.: Morgan Will be sub
poenaed and asked many questions re-!
latins 10 his interests In this steel and
railroad business, his banking con-
necttons and influences and his part
in the organization OF the United
States Steel Corporation and It's abb
sorption OF the Tennessee Coal and
Iron Company during the 1907 panlc.is.
new line of testimony was sought
to be developed by the committee, the
Idea being TO bring ont facts con-
nected with the absorption OF the Carr
negie steel Company by the steel
Trust }5i,,.
ono phase OF this transaction has
been related by John VIZ Gates. an
other by Judge Gary, and to-day tho
committee started In to probe It from
the Carnegie side. through Mr. Cay
ley. who had been ono OF the Carnegie
partners and later an official OF the
Steel Trust. ,i. iklS
Growth OF the CnracrJe Company
Questioned by AIR. Young. Mr.. Cay
ley said that the progress OF the busi-
ness of the Carnegie Company was
tremendous. its blast furnaces I'M
creasing from nve TO eleven. Il had
increased the capacity of It's rail miiis;S
II had acquired the Duquesne mlll and ]
expanded 1T 1t had acquired thu
Homestead plant and built II from a I
mill Into city otlmlils It had oh
talned vast ore beds inEthc Lake Sill
perior district and houghrEs1arge
coklng coal acreagcs ST /.
In addition thcre were constant I'm &
provemants In methods of pig aEsronf