Evening star. [volume] (Washington, D.C.) 1854-1972, 1911-06-30
WIRE TRUST |NCOURT
Nine indictments Charge vio-
Iation. of Sherman Law.
ALLEGED TRADE RESTRAINT
Prominent Men and Associations in
List of Defendants.
RIGOROUS ACTION PROBABLE
Companies Accused of Forming
League-Subsidiar of q. S.
Steel Corporation Mentioned.
ALLEGED TRADE RESTRAINT
RIGOROUS ACTION PROBABLE

NEW YORK, June 3o-Nine indict-
ments, charging restraint Of trade in vio-
lation of the Sherman antitrust law.
were returned by a federal grand jury
here yesterday afternoon against as many
associations and list of eighty-four in
| dividuas comprising the so-called wire
trust affiliated with the steel industry.
Among the defendants are Herbert L.
Satterlee, a son-in-law of j. Pierpont
Morgan William p Palmer, presto, ut of
the American Steel and Wire Company,
subsidiary of the United States s eel
Corporation: Frank Jay Gould of New
York, president of the Old Dominion Iron
and Nail Works Company, and Erskine
Hewitt, son of former Mayor Abram S.
Hewitt
What this suit charges" said District
Attorney Wise, lis a trade agreement in
restraint OF trade" The governms mt does
not seek to establish physical or fiscal
merger of the properties or interests in
dicted, but a series of pools to maintain
prices and apportion territory. in elimi-
nation of competition, and SO in violation
of the Sherman act.
Indicates Rigorous Prosecution.
Thus the suit appears as further ear
most Of the government determination to
deal vigorously with restrictive trade
agreements. The suits against the peri
| odica clearing house this week. and
against the box and paper manufacturers
earlier are cases in point.
There is no indication. however. that
evidence gathered by the bureau of cor
porations in its investigation of the steel
corporation played any part in the indict-
mentS.
Only two of the subsidiary companies
of the United States Steel Corporation
are mentioned. namely, the American
Steel and Wire Company and the Trenton
Iron Company. The American Steel and
! Wire Company, however, is mentioned
in the indictments against seven of the
associations In the indictment against
the Telephone Cable Association and the
Fine Magnet Wire Association it is not
| mentioned
Prominent Defendants.
| The most prominent individual defend
ants and full list of the associations
in which they are members follow:
| Frank j. Gould, president of the Old
Dominion Iron and Nail Works, Belle
Isle, Richmond, Va.
| Herbert L. Satterlee. president Of the
Habirshaw Wire Company. Yonkers. N. Y.
William p Palmer. president of the
American Steel and Wire Company, Wau-
kegan, Ill.,, and Worcester, Mass.
Charles F. BROKER, vice president of
the Ansonia Brass and Copper Company,
Ansonia, Conn.,, and member from Con-
necticut Of the republican national COM
mittee.
Harry G. Stoddard, president of the
Trenton Iron Company. Trenton. N. j..
| Erskine Hewitt, vice president of the
Trenton Iron Company.
| Frank n. Phillips, president of the
American Electrical Works, Phillipsdale,
R. ].
Ferdinand W. Roebling. president of
John A. Roebling's Sons Company, Tren-
ton and Roebling, \. j.
| Philip II. w. Smith. second vice presi-
Ident of the Standard Underground Gable
Company, Pittsburg, Pa; Oakland, Cal,
and Perth Amboy, n. J.
| are:
The Horseshoe Manufacturers Associa-
| tion-William p. Palmer and others.
Bare Wire Copper Observation-Disclosures
p. Palmer and others.
| Weatherproof and Wire Magnet Asso-
| ciation-William p. Palmer and others.
! Lead Encased Rubber Gable Association
William P. Palmer and others.
| Wire Rope Manufacturers Association
Edwin f.. Jackson, jr., and others.
| Fine Magnet Wire Observation-Disclosures
nand Roebling and others.
| Underground Power Cable Association
Philip II. w. Smith and others.
Telephone Cable Association-Frank n.
Phillips and others.
Rubber Covered Wire Association-Wil-
liam P. Palmer and others.