The Sentinel=record., 1911-07-21
STEEL TRUST
 IN CONTROL
OF PRACTICALLY THE ENTIRE IRON ORE FIELDS OF couN-
 TRY, SAYS MIR. STANLEY.
cokfnq Coal Interests Held Largely By Other companies--Govern- ment Bureau Blocks In-
 vestoation.

Washington, July 20.--The United States Steel Corporation. in obtaining the Tennessee Coal and Iron Company and it's southern ore lands "cinched" ifs monopoly of the ores of the Amer lcan continent and tied up available fields for independent concerns, de- ciared Chairman Stanley of the house steel trust" Investigating committee at today's hearing.
 Mir. Stanley made tho surprising admission that he aad discovered from his own investigation that tho United States Steel Corporation has no monopoly of cokipg ccal and said if he could say the same of the ore and transportation facilities controil- ed by the trust he would frankly do so
 Tine committee Intellectually sought light from Herbert Kpcx Smith, con- missioner of corporations, whose Du- reau has been Investigating the steel corporation since 1906 and has made public only part of it's report.
 The commissioner standing on the srtorny generals interpretation of the law that no information could be made public without the presidents authorization, flatly refused to give the committee facts contained in . report not yet completed, relating partica.a-,,- .c eest sheets furnished by the steel corporation.
 Chairman Stanley read speech of Judge E. H. Gary, chairman of the United States Steel Corporations board of directors. made to the board at meeting in 1906, relating to the governments investigation. In thls MT. Gary said:
 "our finance committed has been III close touch with this matter all the time. We have been in frequent ana almost constant communication with Commissioner Garfield and more or less with the president himself con cerning these matters. up-to-date they have made no complaint of us whatever but do not know any bet ter than you do what may be the future. We are trying to be frank accommodating to the department and ws suppose we have an understanding that will not be necessarily lnlureo and that we viii not wrongfully De charged without having an opportu- nity to show the facts"
 Mir. Smith said he knew nothing asout.this s,~;ter.
 representative Gardner of Massa- chusetts, republican, asked if MT. Stanley meant to imply that Presi- dent Roosevelt and Mir. Garfield had had been in collusion with steel offi- cials. Mir. Stanley replied that ne meant to imply "unseemly activity of the steel trust.
 Discussing the steel trusts controi of the coking coal MT. Stanley saiu'
 T have found on personal inyesu- gation irlat the firm of Jones anu Laughlin controls nearly as much oi the colSing coal in the ConneiisVil-e district as the steel trust does. am also informed that NJ. V. Thomp- son owns a greater acreage Of that coal than does the steel corporatloh and that he holds it for sale to HI dependents as we'll as to the trust ,
 My investigation does not lead me to believe that the United sla'es Steel Corporation has a monopoiy o' coking coal. but am inclined to agree with the conclusion of the pu' reau of corporations that the corpo' ation has a practical monopoly or 'ne ores of this country
 MT. Stanley referred to what he termed the tact of God'to relieve tne Independents in the discovery of sell iiuxlng ores iI the South Whion veloped the open hearth system anu opened the way for competition Wi'n the Bessemer ores of the Sumpter re- zion controlled by the trust. he said eight per cent of the open hea' 'n ores were controlled by the Iehi'es see Coal and Iron Company.
 We're you ever directed by tns president" Chairman Stanley asheu l Commissioner Smith, 'to inVeslisa's Particularly the Tennessee coal anu Iron Company at the time the s'ee corporation sought to get conlroi o' The non.Bessemer ores of the sou'h oelore they did obtsir themg'