The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1911-10-31
Government Brings Suit 10 BreaE Up 81
Notorious Steel Trust.
FO0LING THE PEOPLE
Sweeping Antitrust Action Taken in
the Courts, in which Many Mil
lionaires are Named as Defendants.
But It Will All Likely End In
Nothing But Smoke.

A dispatch form Trenton, N. J..
says the governments suit to break
up the socalled "steel trust" has beer
begun in the United States circuit
court. 1t is the most sweeping an.
THRUST action ever brought by the
department of justice.
The government asks not only fol-
the dissolution of the United States
Steel corporation but for the disso-
luton ofall constituents or subsidiary
companies which are alleged to have
combined in violation of the Sher.
man law to maintain or attempt to
maintain a monopoly Of the steel
business" There are SO subsidiary
corporations named as defendants.
]. Pierpont Morgan, John D. Rock
feller, Geo. W. Perkins, Andrew Car
negie, Charles NJ. Schawb, e. II. Cary
John D. Rockefeller, Jr., Henry c.
Frick, Shas. Steele. James Gayley
VIM. H. Moore, Edmund C. Converse,
Percival Roberts, Jr., Daniel c. Reid
Norman R. Ream, P. A. B. Widener,
and VIM. P. Palmer, named individ-
ually as defendants.
The United States Steel corpora
tion, Carnegie Steel company, Car
negie company Of New Jersey, Fed
leral Steel company; National Steel
company; American Steel and Wire
company of New Jersey; National
Tube company; American Tinplate
company; American Sheet and Tin
plate company: American Sheet Steel
company; American Steel Hoop COM
pany; American Bridge company;
Lake Superior Consolidated Iron
Mines, all of which were organized
under the New Jersey laws, and
the H. C. Frick Coke company; Ten
nessee Coal & Iron Railroad com.
pany and the Great Western Mining
company are named as corporate de-
PENDANTS.
Louis W. Hill, James N. Hill,
Walter J. Hill, F. T.. Nichols. and J.
II. Gruber are named as trustees IN
connection with ore companies.
The steel corporator's lease of
the Great Northern Railways ore
properties, which the directors of
the steel company formally de-
cided to cancel, is alleged to be il
legal. This action of the directors
was taken but a few hours before
the fling of the bill.
The governmen ackno owledges that
it was advised of the steel corpora
ton IS action in this respect but states
that under the terms Of the lease,
no cancellation would be effective un-
til January 1, 1915, End there is no
limit upon the amount of ore that
can be taken on in the meantime.
Sensational allegations fairly top
pie over each other in the govern
ment's petition which is an equity
proceeding paying for injunctions to
stop continuance of the alleged mo-
noply and such other relief as the
court may grant.
The steel corporations acquisition
OF the Tennessee Coal Iron company
during the panic 1908 is declared
Illegal and scathingly criticised. The
petition declares tha E. H. Gary and
Henry c. Frick misled former Pres
ident Roosevelt when they told him
that but little benefit will come to
the steel corporation from the pur-
chase"
''The president" it says, "was not
made fully acquainted with the state
Of affairs in New York relevent to
the transaction as they existed. If
he had been fully advised, he would
have known that desre to stop
the panic was not he sole moving
cause but that there was also a de-
sire and purpose to acquire the con-
troll Of company that had recently
assumed position Of potentia.
competition Of great significance.