The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-07

iisvcs THAI Mr.. Gary and other citt-
Gems can be reached both in Own and
criminal suits II they have partici-
pated In tbs crime Of. or attempted
TO create. worlds monopoly In steel
rails, or steel products.
II think that under the recent In
depreciation Of the Sherman anti
trust Ian by the Supreme Court In
the American Tobacco case" said
Judge Clayton. indictments could be
brought against Mr.. Gary under both
sections 1 and Of the Sherman act.
These sections are:
Section 1. Every contract, combi-
nation In the form OF trust or 9TH
erwise, or conspiracy In restraint of
trade or commerce among the United
States or with foreign nations 10 here
by declared to be illegal. Every per-
son who shall make any such contract
or engage In any such combination
or conspiracy shall be deemed guilty
OF misdemeanor, and, on conviction
thereof. shall be punished by q fine
not exceeding 5000. or by imprison-
ment not exceeding one year. or by
both said punishments, in the discre-
ton of the court.
Section 2. Any person who shall
monopoIize or attempt 20 monopolixe
or combine or conspire with any
other person or persons to monopo-
lice any part OF trade or commerce
among the several States. or with
foreign nations. shall be deemed guilty
or a misdemeanor, and, on convie-
ton thereof, shall be punished by q
prisonment not exceeding one year.
or by both said punisnments, in the
discretion of the court
Judge Clayton said he thought this
law would reach Mr.. Gary IL 1t Is
shown that the effect Of his world =
steel institute was to prevent COM
petition and aliot territory amon& tn 9
steel manufactures OF the woriR II
ii would not reach Mr.. Gary. he said.
ii will he easily amended to cover
any such offense.
Think Of Audacity.
But think of the auuactty Of THIS
attempt to create a worlds monop-
oily If it has been attempted" con-
tinued Judge Clayton. Here is q
great corporation in this country.
whose affairs are now under investl-
CATION by congressional committee
because there has existed a suspicion
that 1t has been a vioiator of the
laws against Illegal combinations and
monopoly. with the investigation
pending. the guiding, dominating spir-
it OF the corporation goes to Europe
and there gathers about him represen-
tatives of all the great corporations
in the same lines OF business in a
movement designed to lead to under
standings and which competition ID
to be stified. territory divided. per-
haps, and complete control taken by
the producers Of one OF the creates,
combinations OF the age. It In d
| daring act
Forestaiiina Dissolution.
Supplementlng his interview on the
Gary world steel institute, Chairman
Stanley Of the steel investigating com
mittee. said to-day that the proposed
international working agreement be.
| tween the steel men OF the world IL
to forestail probable competition II
the open market In the event the stee
trust is dissolved.
! ''Of course cannot say that thu
United States steel corporation will bt
dissolved said Chairman Stanley. .bu
behind this Brussels conference, in m,
opinion. Is the motive to guard agains
open competition in the event OF tn,
dissolution OF the greatest steel com.
pany in this country.
IF II is shown that the cost Of pro.
duction is not such as to justify pres.
ent prices: that labor has not shared
in the profits of the United State,
| steel corporation: that the price Il
| the consumer has advanced. and tina
the cost of labor has Increased, thel
there IL likely TO be a demand for ,
substantial reduction In the tariff an,
the steel trust would be forced t,
| compete in the open market.
do not charge that Judge Gar,
and other steel men have deliberatel,
entered plan to prevent this by tn,
/ international conference at Brussels
but It Is to be assumed that Iudg
GaryS endaavor to get world wild,
community Of interests among til
steel men Is a natural one under tn
circumstances
Chairman Staniey's statement woul,
Indicate that the investigating com
mittee will. make some recommends
tons az to the tarin on steel, alon,
with Its report ON the steel inquiry, an,
II is not improbable that the dissoiu
ton OF the steel corporation may b
urged py the house committee.
Thinks Agreement Exists.
I
an agreement between the steel raj
makers OF the world as to territor,
to be supplied" said Speaker Clark. q
helteye that agreement ante-dated tn
hearings We held nearly two years az
+ On tire ~Payne-Aidffcfi tariff law. m
existence OF such Of an agreement wa
denied BY Judge Gary and other stee
men, but the evidence of its existenc
was SO strong several OF the member
or the ways and means committe
discussed informally. whether Their
extted law under which fire aSree
ment might be broken UP. 7 do no
Know that we decided there vGs sue
speaker Clark declined to discus,
other phases of the organization o
World wios trust In steel rails OF
steel products on the ground he ha.
no definite knowledge ~ to what nj,
Gary meant by conducting the stea
business under the Golden Rule. TN,