The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-11-19
STANLEY PROBERS
ARE TO CONTINUE
House Committee on Steel
Trust to Resume Its
Hearings Monday.
National News Association

N~AsHlNGTON, Nov. 1s-Ent!re1y
independent of the Governments suit
to dissolve the United States Steel
corporation, the so-called steel trust,
the Stanley investigating committee of
the House is preparing to resume its
hearings here Monday and to exam
inc some OF the biggest figures IN the
steel industry.
1t is learned today that the House
!, investigating committee hopes to un-
earth sufficient additional evidence
against the steel trust to force the At
torney General to file an amended pc
tition against this giant industrial
concern. The Democratic investiga-
tors claim that the Department of JUS
tice has already stolen their thunder"
in filing the original petition and that
the Stanley committee is entitled to
credit for the action against the steel
trust.
When the committee temporarily
abandoned it's inquiry this summer, it
was with the understanding that the
probe would be resumed in October
Later, owing to political exigencies
and the absence abroad of members
of the committee, it was decided to re-
sumo hearing early in November
Meanwhile, the Department OF JUS
tice filed its unexpected suit against
the steel trust, basing it to a consid-
erable extent upon some of the evi-
dence collected by the House investi-
gators. st is now announced that the
House committee proposes to proceed
independent of the Department of JUS
tice and that the probe of the steel
: trust will be continued just as though
the department had never instituted
proceedings against that corporation.
Two kings of the financial world are
to be called to testify before the Stan
ley committee, They are ]. Pierpont
, Morgan, controlling spirit in the steel
corporation, and Andrew Carnegie, the
man who built up the business and af-
terWard sold out at enormous profit to
the Morgan syndicate. Carnegie in
formed the committee last spring that
he would gladly appear before it upon
his return to this country from abroad
J. Pierpont Morgan is expected to
give his testimony more reluctantly
than Carnegie, who practically got out
of the steel business when the present
combine. now in litigation with the
Government and alleged to be a COM
bination in restraint of trade, was
formed.
The Stanley committee does not an
ticipate that Morgan. Carnegie or 9TH
er big witnesses called, will refuse to
, testify on the ground that the Gov
ernment is proceeding against them
and that they should be immune Such
a course, it is argued. would not Gre
ate a favorable impression with the
public and the expectation is that the
additional steel magnates heard will
| make show at being as frank as
Judge Ebert H. Gray. John W. Gates,
Percival Roberts, George W. Perkins
and others who have already been
heard.
The committee will resume its in
quiry this month along two definite
lines, The part played by Morgan and
trust and the in:erlochng system of
directors between the steel trust and
some of the biggest railroads in the
country. In previous hearings the COM
mittee has devoted most OF its atten-
ton to the price of steel. the manner
in which prices were alleged to have
o.-a fixed at the Gary dinners" and
ths vast deposits of ore, now under
control Of the trust