The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-10-27
MOST SWEEPING ANTI
TRUST ACTION EVER BROUGHT
BY Associated Press.

Trenton, N. J., Oct. 26.-The govern
ment's long planned suit to break up
the so-called steel trust" was begun
here today in the United States circuit
court It Is the most sweeping anti
trust action ever brought by the de-
partment Of Justice The goyernmen, q,
asks not only for the dissolution OF
the United States Steel corporation
but the dissolution of all constituent
and subsidiary companies, alleged to
have combined in violation OF the
sherman law to maintain and at
tempt to maintain a monopoly in the
steel business"
Thirty-six subsidiary corporations
including the Tennessee Coal & Iron
Railway Company, are named as de-
PENDANTS, while the individuals named
as defendants are ]. Pierpont Morgan
John D. Rockefeller, Andrew Carnegie
Charles NJ. Schwab, George W. Per
kins. e. III. Gary, John d. Rockefeller,
Jr.. Henry c. Crick, Charles Steele
James Cayley, William H. Moore. Ed
mund C.. Converse. Percival Roberts,
Jr., Daniel g. Reid, Norman z. Ream,
p. "A y b. WideneE, and william =,
The Steel corporations lease Of the
Great Northern Railway ore properties
which the directors of the Steel COM
pany today formally decided to cancel,
are alleged to be illegal Louis w. Hill.
James NJ HIN, Walter ]. Hill, p. I.
Nichols and ]. III. Gruber were named
as trustees in connection with the ore
companies.
sensational allegations fairly topple
over each other in the government s
petition, which is an equity proceed
ing praying for inJunctionS to stop
the continuance CT the alleged
monopoly and such other relief as the
court may grant. The Steel corpora
tfon's acquisition of the Tennessee
Coal a. Iron Company during the
panic of 1908 is declared to be illegal
and is scathingly criticized.
The petition declares that GaricE
Frfcl rnisled Roosevelt when he told
him that but little beneft win come
to the Steel corporation from the pur-
SOME OF ALLEGATIONS.
The Allegations declare that in ac-
ouirinE the Tennessee company tht
corporation greatly increased its con
troll of the country's ore supply and 1t:
predominating position in the south''
iron and steel trade. eliminated a com
petitor and unlawfuIly acquired power
which Is o menace to the welfare o
the country and should be destroyed.
The Gary dinrers are referred t
and the bill says the steel manufac
turers represented at the meeting wer'
bound to protect one another and Z
carry out this purpose their honor wa
at stake that no one OF them woul'
act, or fail to act, except with a dis
tinct understanding that his honor wa
involved.
The interlocking OF directorates
through which those In power In tn
steel corporation held influential po
sitions on the directorates OF othe
powerful corporations, was referred I
as a method more refined, NOR
euphonious, but none the less effectiv'
than pools" The bill alleges that tn
power and control had been exerte
by the corporation largely through tn
grasp of it's tentacles thrown upon tn
consumer and competitors" Combina
tions, other than written pools an
agreements, the government charges
were entered into at the various meet
ings. One allegation is that the in
vestment earnings had been from fou
hundred to four hundred and f1ft
millions, and the net earnings ar
shown by the annual reports for min
months OF the year 1901, for the year
1902 to 1910, inclusive, aggregate $3.50
045,S3s.s0.
Within fifteen minutes after til
fling the United States marshal wa
sent to New York to serve the bi
Conttpuad On Pa1e Four