The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-10-27

CAPITAL OF A BILLION
Morgan, Rockefeller and Carnegie
Are Named individually Along
With Many Other
Members.

NEW YORK, Oct 27-The steel
kings will not be deposed from their
throne Of power without a fight that
will become a classic in American lie.
gal annals.
A meeting of the men higher up''
In the United States Steel Corpora.
tion was held last night In the famous
library of J. Pierpont Morgan's up.
town house. 1t did not adjourn until
! o'clock this morning. Just who at.
tended cannot be told with certainty
The financiers arrived in closed car
riages. emerged hurriedly and dashed
into Morgan's home. Window shades
were drawn and reporters brushed
aside by the Strong arm squad"
What went on in this famous meet.
ing is not known. 1t is only known
that for hours the men who hold the
destinies of the billion dollar corpo.
ration in their hands stopped in the
midst of Morgan's art treasures and
sdicSuSoCu tlC bitudLlOu.
While no official statement was
forthcoming the intimations are that
the governments dissolution suit will
be fought to the last ditch
United States Marshal Woodbury.
Snowden, of Trenton, N. J.. is here
endeavoring to serve the individual
defendants in the suit. Snowden sue.
ceeded in serving Judge Gary at the
Waldorf last night and today he is
rounding up such quarry as John d.
Rockefeller, Samuel Reid, Henry c.
Frick. Andrew Carnegie. Judge Will
liam H. Moore and score of others
named in the suit.
This morning he cornered ]. Pier
pont Morgan who accepted service.
Suit Begins.
TRENTON, N. j., Oct. 27.-The
governments long planned suit to
break up the so-called steel trust
was begun here in the United States
circuit court 1t Is the most sweeping
antitrust action ever brought by the
of justice. The govern
ment asks not only for the dissolution
of the United States steel corporation,
but for the dissolution of all constitu-
ents or subsidiary companies, which
are alleged to have combined in viola
tion of the Sherman law to maintain
or attempt to maintain monopoly OF
the steel business. There are SO sub
sidiary corporations named as defend
ants.
]. Pierpont Morgan, John D. Rookie
feller, Andrew Carnegie, Charles M
Schwab, George w. Perkins, r. III.
Gary, John ID. Rockefeller, Jr., t1enry
G. Trick, Charles Steele, James Gay
ley, William H. Moore, Edmund e.
Converse, Percival Roberts, Jr., Dan
lei G. Reed, Norman B. Read. P. A.
II. Widener and William H. Palmer
are named individually as defendants.
A deputy United States marshal went
to New York to serve copies of the
bill in equity upon those named.
The United States Steel corporation,
Carnegie Steel company, Carnegie
company of New Jersey. Federal Steel
National Steel company.
Steel and Wire company OF
New Jersey, National Tube company,
Tin Plate company, Ameri-
can Sheet and Tin Plate company.
American Steel Pipe company. Amer
can Bridge company, Lake Superior
Consolidated iron mines, all OF which
were organized under the New Jersey
laws, and the H. c. Frick Coke COM
pany, Tennessee Coal and Iron and
Railroad company, and the Great
Eastern Mining company, are named
as corporate defendants.
Louis w. Hill, James H. Hill, Wal
ter ]. Hill, e. T. Nichols and j. ii.
Gruber are named as trustees in con-
nection with the ore companies.
Lease OF ore Properties Illegal.
The steel corporations lease OF the
Great Northern railways ore proper
ties, which the directors of the steel
company formally decided to cancel,
Is alleged to be- Illegal.
This action of the directors was
aiken only few hours before the FL
ng of the bill The government ac-
that 1t was advised Of the