Dewey County advocate. [volume] (Timber Lake, S.D.) 1910-1913, 1911-11-03
BREAKING UP OF CONSTITUENT
AND SUBSIDIARY CON-
PANIEs SOUGHT,
SUIT IS FILED AT TRENTON
separation From Tennessee Coal ana
Iron Asked.-CanceIIation Of
Hill Leases Is Also One OF
Objects of Litigation.


ernment's long-planned suit to break
ND the so-called steel trust was be-
gun here in the United States circuit
court. It is the most sweeping anti.
trust action ever brought by the de-
partment Of justice.
The government asks not only for,
the dissolution of the United States
Steel corporation, but for the dissolu-
ton of all constituent or subsidiary
companies, which are alleged to have
combined in violation of the Sherman
law to maintain or attempt to main
tain, a monopoly of the steel bust
ness"
There are Sc subsidiary corpora
tons named as defendants.
J. Pierpont Morgan, John d. Rookie
Teller, Andrew Carnegie, Charles M.
Schwab, George w. Perkins, p. H.
Gary, J. D. Rockefeller, Jr., Henry c.
Frick, Charles Steele, James Gayley,
VIM. H. Moore, J. P. Moore, Edmund
C. Converse, Percival Roberts, Jr.,
Daniel G. Reid, Norman B. Ream, P.
A. B. Widener and VIM. H. Palmer
are named individually as defendants
The United States Steel corporation,
Carnegie Steel Company. Carnegie
Company of New Jersey, Federal Steel
Company, National Steel Company,
American Steel & Wire Company of
New Jersey, National Tube Company,
Shelby Steel Tube Company. American
Tin Plate Company. American Sheet
& Tin Plate Company, American Sheet
Steel Company, American Steel Hoop
Company, American Bridge Company,
Lake Superior Consolidated Iron
Mines, all of which were organized
under the New Jersey laws, and the
H. c. Prick Coke Company, Tennessee
Coal & Iron & Railroad Company, and
the Great Western Mining Company,
are named as corporate defendants.
Louis w. Hill, James N. Hill, Wal
ter ]. Hill, E. T. Nichols and ]. H.
Gruber are named as trustees in con-
nection with ore companies.
As to Ore Land Lease.
In addition to the above defendants
the following are parties to the suit:
Union Steel Company, Clarion Steel
Company West Missabe Land Com
pany, Ltd, Wright Land Company,
Ltd, Davis Land Company, Ltd, Wells
Land Company, Ltd, Stone Land Com
pany, Ltd, Wabigon Iron Company,
Mlnosin Iron Company, Nibiwa Iron
Company, Wenona Iron Company, Min
ava Iron Company, Leonard Iron Com
pany, Arthur Iron Mining Company,
Fillmore Iron Mining Company, Harri-
son Iron Mining Company, Jackson
Iron Mining Company, Polk Iron Min
ing Company, Tyler Iron Mining Com
pany, Van Buren, Iron Mining Com
pany.
Ore Land Lease Called Illegal.
The steel corporations lease of the
Great Northern railways ore proper
Ties, which the directory of the steel
company formally decided to cancel,
is alleged to be illegal. This &C.
tlon OF the directors was taken but
lew hours before the filing of the
bill.
Inc government suit acknowledges
the steel corporations intention in
this respect, but states that under the
terms of the lease no cancellation
would be effective until Jan. 1, 1915,
ana tnere is no limit upon the amount
Vi ore that can be taken out in the
meantime
Sensational allegations fairly topple
over each other in the governments
petltlon which is an equity proceed
Ing praying for injunctions to estop
continuance OF the alleged monopoly
ana such other relief as the court may
grant.
The steel corporations acquisition
VI the tennessee Coal & Iron Com
pahy during the panic of 1907 is de.
cared illegal and scathingly criti-
cized
reference is made to the Gary din.
iiers' although not by name, as meet
inss winch accomplished more than
written pools or agreements, which
frequently were broken.
interiocking directorates through
when those in power in the steel cor.
poration held positions of influence on
ene oirectorates of other powerful cor
poratlons, are mentioned as "a method
more refined. more euphonious. but
none the less more effective than
POOLS.
combinations. other than written
pools and agreements, the government
onarses' We're entered into at various
meetings. One in New York City on
JANUARY IL. 1911. is specified.
Inc government reviews in detail
the condition in the steel trade before
'he consultations of 1S9S-1900 and
tne formation of the Federal Steel
company, the Carnegie Company OF
view Jersey, the American Steel and
WIRE company, the National Tube
company, the National Steel Company,
the American Tin Plate Company, the
american Steel Hoop Company, the
american Sheet Steel Company. and
o.ner corporations prior to the forma,
lion OF the United States Steel cor;