The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-06-30
Wire Trust Has Con-
spired to Restrain
rade.
INDICTMENTS
ARE RETURNED
Nine Associations and Long List
of Individuals Charged With
Violating Antitrust Law.
Frank ]. Gould, Head of
Richmond Company.
Among Thczt Named.

New York, June gs.-Nine indict-
men,s charging restraint of trade IN
violation OF the sherman antitrust
law. were returned By a Federal grand
jury here this afternoon against as
many associations and a long list of
individuals comprising the so-called
wire trust, affiliated with the steel in
oustry. Prominent among the de-
PENDANTS are a. L. Satterlee, a min
law of J. P. Morgan, and William
Palmer. president OF the American
steel and Wire Company. a subsidiary
OF the United States Steel Corpora
ton, and Frank Jay Gould, Of New
York, president of the Old Dominion
Iron and Nail Works Company
What this suit charges" said Dis
trict Attorney Wise. lis a trade
agreement in restraint of trade"
The government docs not seek to es-
tabiish physical or fiscal merger or
the properties or interests indicated,
but series of pools 10 maintain prices
and apportion territory In elimination
oil compel ition, and SO in violation of
the sherman antl-trust act Thus. the
suit appears as further earnest OF
the governments determination to deal
Vigorously with, restrictive trade
agreements
bureau Plays Little Part.
Ihere Is no indica ton. however, that
evidence gathered by the Bureau OF
Corporations in itssinvestigation of the
steel Corporation played any part in
the indictments. 81
only two OF the subsidiary COM
panies OF the United States Steel Cor.
porauon are mentioned. namely, the
american Steel and Wire Company and
tue trenton Iron Company. The Amer
lean Steel and %Wire Cempany how.
ever. is mentioned in the indictments
against seven Of the associations, In
the indictments Against the Telephone
ga pie Association and the fine magnft
wire association II IS not mentioned
me most Dromip7 nt," etc.
only two OF the indicted associa-
Mons contain subsidiary companies OF
the giant corporation-namely the
American Steel and Wire Company.
ana the Trenton Iron Company.
me most prominent individual de-
PENDANTS and a full list of the as
sociations in which they are members.
follow: D
MISUNDERSTANDING j. Gould nres-
ident of the Old Dominion IRON and
Nall Works. Belle Isle. Richmond
Herbert L.. Satterlee. president oY
the Habiershaw Wire Company. Yonk-
ers. N. Y
william Palmer, president of the
american Steel and Wire Company.
Waukeegan. Ills. and Worcester. Mass
CHARLES F. BROKER. vice president of
the Ansonia Brass and Copper Com
pany, Ansonia, Conn, and member
from Connecticut of the Republican
National Committee
Harry r.
trenton Iron Company, Trenton, N J.
Erskine Hewitt. president of the
Trenton Iron Company.
Frank n. Phillips. president of the
American Electrical Works. Phillips
dale. r. l.
Ferdinand w. Roebling. president of
John a, Roeblings Sons Company.
Trenton, and Roebling, N. ].
Philip III w. Smith. second vice.
president of the Standard Underground
Gable Company. Pittsburg. Pa. oak
iano. Cal. and Perth Amboy, N. ].
Associations:
The Horseshoe Manufacturers Asso-
citation, William P. Palmer and others.
Barb Wire Copper Association, vii.
nam r. Palmer and others.
Weatherproof and Wire Magnet AS
ISOLATION, William P. Palmer and
others.
Lead Encased Rubber Cable Associa.
ton, William p Palmer and others
Wire Rope Manufacturers Associa-
ton. Edwin (. Jackson. Jr.. and others
Fine Magnet Wire Association Fer.
oinand Roebling and others.
Underground Power Cable Associa.
ton Philip P. H. w. Smith and others
Telephone Cable ociation-Frank
N. Phillips and others.
Rubber Covered Wire Association
william p. Palmer and others.
General Charges the Same.
The general charges In all the in
dictments are the same. allowing for
the difference of the business in which
the defendants were engaged. Thus
one indictment reads: Because said
corporations. at all such times. have
been. and in face. now are. separate
and distinct from each other. their said
interstate business should have been
conducted by each strictly on a com.
petitive basis, and would be so con-
Quoted but for the unlawful conspiracy
hereinafter mentioned"
1t is set forth that the various as
sociations organized under their as
ISOLATION names and each elected a
CONTINUED on Eighth Page.)