The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-11-30
GDvER| ENT tn
COnIgI TRUSTS
IS @|RY,S PLAN
Would HaN Law Permit Mo-
nopoly af4 Commission
to Supervise
RESTRAlNTOF TRADE
IS PtZZLE OF LAW
However. R Knows What
Monopoly ls-Even Pri-
yate Corporations Reach
ing Trust Point
wAsrHN0rcN. n,

WASHINGTON. Nov. 2s.-In a
quiet. dO9mA&1o yOice. without an In :
fiecuon. without ! gesture, Judge Ell
bert H Caxy head OF the great
Cnited 6ta4a Steel Corporation,
pleaded with - Senate Committee
ON IuterstAte ommerce today that
IN Justice t03he interests OF the
country. thu eeat corporation be
given pefIutnG - to buy out Compel
ttOrs and A41g into agreement to
maintain pes
All OF t1xto1 admitted should be
done under lofal supervision. but
II business n continue profitable.
II rutnous ri et1tion Is to be avoid
"a, Il bu19 e0nditions are not to
be made 0lyIu nnOre demoralizing 1t
must be do6
I'd hawai- h4t submitted to and
regulated EX6Nly constituted COM
mission, NM ne right OF appeal
70 court T. ompetent Jurisdiction.
You edther 043 amend the Sherman
law or Whist would prefer--enact
auppIemsntaxE 4gisiation to enforce
that iaw.r
DO you th1nk." asked Mr.. Cum
mins. that ~ law prohibits you
from entsfan INTO any agreements
~ to prices a.
''As bushes stands now no one
II seeking AM4&orfty to fix prices by
agreemenG" f>lted Mr. Gary. There
h one defect the law az applied
to present b(2aess conditions One
section prsse monopoly. The
oooec& - MeR Ming Z monopoly II
70 prose94 fhs ercdse OF . power to
opEtN1os eA11Se - to tina injury Of
the consumer. The other section.
T.
20 vague that I think II In difficult
even for lawyers under the recent
decisions. to decide just what is re-
straint OF trade. But certainly an
az cement by competitors to main
tain prices. restrict the output and
divide territory would be viola ton
OF the law as IL standsI
salvation Lies In Courts.
Take any corporation thoroughly
equipped with money, organization
and modern eQuipment, aud IL has
an advantage over competitors that
will enable II to sell at q profit and
still at less than cost to those COM
petitors- Such q corporation might.
because Of Its superior strength. force
Its competitors down and out Such
concern becomes a mopopoly. in
spite OF itself. Such condition
WouiO NC S<1S NOISk I0lu& InAl could
happen to the country. land / be-
ieye 1t would be . violation Of the
antitrust law"
Decrying tho movement looking to
the recall OF judges. Judge Gary con-
tended that the salvation Of the
country lies in the courtA Deplor-
ing frequent elections al unsettltnR
to business. he advocated the cleo
lion Of q president for eight years
with inalisibiiity for second term.
All elections should be simultaneous,
80 that business would have a chance
to settle.
Il have endeavored to keer away
from even the appearance Of mo-
nopofy." proceeded Judge Gary, re-
verting to the topic nearest his heart.
For many years we have kept away
from making agreements 1t was to
guard against such things and to at
ford opportunity for free discus.
sion that the so-called Gary dinners
were given.
Methods Of doing business have
changed In recent years, changing
conditions are ever upon US. we
met at these dinners TO confer about
fConti0tiAA nm ancorA u.woN