The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-06-30
Well Known Capitalist Char
ged With Agreement In
Restraint Of Trade
SON-lN-LAW or ]. p.
MORGAN IN LIST
Eigty-Four individuals Con-
nected With Wire Trust
Must Answer in Fed
eral Court

NEw YORK, June Nsna if.-
dletments charging restraint VI trade
ip violation % the antl-irust law. ~erc
returned by a Federal grand a.ry here
THURSDAY afternoon against as maas
association md list of s. inalftd-
isis een9 ris,ax the so.caHea vine
trust, affiliated }IUs tho steel induz-
try Among The defendants aT@ der
bert L. S&ttetice. Is sop-in- iaN If y
fielpont Morgan. and william e. &af-
na@r. president ~ thu American Steel
ard Wire Company. a subsidiary Of
the United States Steel Corporation.
and Frank }sS Gould. Of Sew YORK
president 81 tae old Dominion Iron
aaaa Mali works Company. ana Frs
ktne heWett. son 81 former Mayor
Abram s. fleNett
What lsargeS Cover
hat This suit charges. said DIS
s tffet Attorney Wise is "a trade. agree
nlent In restraint OF trade The sov-
eminent does NOT seek Ia establish a
physical or fiscal merger of the prom
erfiss or interests indicted, hut ii 81
rfes of pools to maintain prices snd
apporifon territory in elimination II
competition. and SO In Violation cf
the Siberian act
Thus the suit appears as a furtatt
= earnest 81 The governments detersnl-
nation 70 deal vigorously with restri -
i've trade agreements The suits
against the Periodical Clearing fIouze
this week and aTaine. the bos and
paper manufacturers earlier are
Cases III point.
There TX u.s. Indication however
that evidence gathered by the bureau
OF corporations In It's Investigation rf
the steel corporation played any part
~ the indictments. unv Two OF tn
indicted associations contain sohsi4-
fairy companies of the giant eorpora-
tioIa~- namely. the American Steel and
Wire Company and the Trenton iroa
Company.
some of the Defendants.
The most prominent Individual ee-
feaaMnts and q full list Of the ass9-
clatiens In which they are uelnb RI.
follow:
Frank ] Could, president Of Tho
otd pominicn Iron ana Seii Works
Belle Isle. Richmond Va
Herbert l.. Satteriee president cf
the Habirshaw Wire Company. Yolk-
ers. ~. Y
william, r Palmer president of
the American Steel ana Wire Conn
pany. Wankegan. III. and Worcester,
Masg
Charles J., Rrooker yiee- president
OF the Ansonia Brass and 1opper
Company. Ansonta, Can. and mem
Der from Connecticut of tire Rcpl1t-
lican national committee
Harry q. Stoddard, president OF the
Trenton Iron Company Trenton. ~
J.
Erskine Hewitt Vice president Of
the Trenton Iron Company.
Frank n. Philips. president OF tho
American Electrical Works, Phillips
dale. X. l.
Ferdinand W. Roebllng, president
OF John A. Roeblings Sons COMPANY
Trenton and Roebiing. n. j.
Philip III. W, Smith. second vice.
president Of the Standard Under
ground Cable Company. Pittsburg.
Pa. Oakland. Gal, and Perth Am
boy. n, j..
Associations Indicted
The Horseshoe Manufacturers AS
sociation--William f. Palmer and
others.
Bare Wire Copper Association
William z. Palmer and others
Weatherproof and Wire Magnet A.
Eociation--Willlam +. Palmer and
others.
Lead Encased Rubber Gable Asso-
citation William J.. Palmer and
others.
ware rope AA6NN4hrtHFtfs a $500 Ia
ton Edwin II. Jackson. 1r,. aud
others
Fine Magnet Wire Association
Ferdinand ftoGh1tng and others.
Underground Power Gable Assocta-
tios-~Phiiin II. w. Smith ard others.
Telephone Gable Association
Frank n. Phillips and others.
Rubber Gov ered Wire Association
William =. Palmer and others
ia. 4.
elements are the same. allowing Tor
the difference or the business III which
the defendants we're engaged Thus
one Indictment reads "i}eeause said
corporations a. al such tunes have
been, and an fact now are separate
and diAtnct from each other their
said interstate business should
have been conducted hy each
strictly or "a competitive basis, and
wenld be $50 conducted hut for the
unlawful conspiracy hereinafter meu-
ttoned,"
Boasht al own Irics.s.
1t is set forth that the various as
4 nocIatians organized under their as-
ISOLATION names, and each elected
supervisor ard adopted rules and
regulations. Az arbitrary rating was
determined. Il IL charged. hy the ratio
OF output for an agreed time each
member was obligated to pay 50. geo
OF less into fund called "the general
deposit" and In case any member
failed 10 abide by the regulations ts
dFposit MAS forfeited.
Raw materials ~wr@ brought. Il is
alleged In one Indictment al "arhir
tFAry and a0urompetttsNe prices "a lbs
nxfeed upon by said defendants. being
prtx~s lower than those FOG which gAh
respective corporations would tie hn
ahied ta purchase aaid faw gnatertals
haI for the Unlawful conspiracy here
Nj described
In the Indictment against lAa bare
Copper Wire Association lt II eharssa
kAst sAa cor operations satnlng tAA Aas
sortAssea produced NJ per cent aI ths
entire bare eopper Mis- consumed IL
fhx United NtASeas aud that AIsay had
Absolute control az lha price
~ vsrf~ ssass ~ss
Ipen conviction each 0f lhe defend.
nsaaa m ilahl# 30 nat mere snAn 4 BaafA
1Mpyasvana~sat. or il slns ~ 10 Gee. ~
beth.
In Ans Indictments. nattAsr the
q American steel asa Wire Company
naf ths 1eAn A. hamhilnss t4an8 Com
N.ns, asae kma~n As ths Trenton irea
akkx are designated Ms belonging g.
NM NHltsa States Steel Carpof@giaa.
Nhen MIllsAm r. Palmer, head ~
- American Steel ana SNlfa tsaFa-
- was Informed ~ kts imasetasemt
- xK3a
Il s.744sa Il All wS~ IL fssr i have nefh