The Sentinel=record., 1911-06-30
WIRE TRUST
INDICTMENTS
NINE FIRMS AND LONG LIST OF
ASSOCIATIONS AND lNDlviD.
uALS HELD.
Violation Of Sherman Anti Trust Law
is Charged in ndctments-Mor-
gan's SoninLaw One of
Defendants.

New York. June 29.-Nine inIict-
ments charging restraint of trade in
violation of the Sherman antitrust
law We're returned by federal grand
jury here this afternoon against. as
many associations and long list OF
individuals comprising the so-called
wire trust affiliated with the steel
industry. Prominent among the de-
fenlants are Herbert L. Satterlee, a
SON law of j. Pierpont Morgan,
and William p Palmer president OF
the American Steel and Wire Com
pany, a subsidiary of the United
States Steel Corporation, and Frank
Gould. of New York, president of the
Old Dominion Iron and Nail Works
What this suit charges" said Dis
trict Attorney Wise. is a trade agree
ment in restraint of trade
The government does not seek to es-
tablsh a physical or fiscal merger Of
the properties or is this indicated. bu;
a series of pools TO maintain prices
and apportion territory, in elimination
OF competition. and so in violation OF
the Sherman act
Thus the suit appears as a further
effort of the government to deal
rigiously with restrictive trade agree
ments. The suits against the periol-
ical clearing house this week, and
against the box and paper manufac-
tnrers earlier, are cases in point.
There is no Indication, however,
that evidence gathered by the bureau
OF corporations in its investigation OF
the steel corporation played any
part in the indictments. Only two of
the indicted associations are subsi-
diary companies of the giant corpora
tion. namely. the American Steel and
Wire Company and the Trenton Iron
Company The most prominent in
diyflual defendants and a full list of
the associations in which they are
members follows:
individuals.
Frank J. Could president Old Do
minion Iron and Nail Works, Belle
Isle Richmond, Va
Herbert l.. Satterlee, president of
the Habirshaw Wire Company, Yon-
kers, N, Y.
William Palmer, president of tae
American Wire and Steel Company,
Waukegan. Ill. and Worcester, Mass.
Charles f. Brooker, viee-presiSsnt
OF the Ansonia Brass and Copper
Company, Ansonia, Conn, ami mem
bers from Connecticut of the republi-
can national cmmittee
Harry G.. Stoddard, president Tren-
ton Iron Company, Trenton, N. J.
Erskine Hewlett, vice-president OF
the Trenton 'sIirssii Iron Gem Gem s.p,anay s,..as
Frank N. Phillips, president of the
American Electrical Works, Phillips
dale, r. |.
Ferdinand w. Roebling, president Of
John A. Roebling Sons Company
Trenton and Roebling, N. J.
Phillip H. W. Smith, second vice
president of the Standard Under
ground Cable Company, Pittsburg, Pa.
Oakland. Cal. and Perthamboy, n.
Associations.
The Horse Shoe Manufacturers AS
ISOLATION. William p. Palmer AM
others.
Barb Wire Copper Association, vii
liam p. Palmer and others.
weatherproof ami Wire Magnet AS
sociation, William p. Palmer an
others.
Wire Rope Manufacturers Associi
ton, Edwin e. Jackson, Jr, an
others.
Fine Magnet Wire Association, Eel
dinand w. Roebling and others.
Underground Power Cable Associa
tion Philip H. w. Smith and oters.
Telephone Cable Association, Fran
N Phillips and others.
Rubber Covered Wire Associatio
William p. Palmer and others.
The general charges in all the !
dietments are the same, allowing Y
the differences OF the business
which the defendants were engage
thus, one indictments reads:
Because said corporations, at
such times have been, and in fact, nc
are, separate and distinct from ca
olber their said interstst te buslne