Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-08-17
BY Taking Over Tennessee
Property it Secured Hold on
Nearly All Raw Material
But People Were Saved
ROOSEVELT DEFENDS
HIMSELF IN OUTLOOK
There Will Be No Discoveries
in His Administration. He
Declares Because He Acted
Always in the Open.

cay EVENING Herald \. y. Leased wirsI
New York. Aug IL EN.Ptestdent
Roosevelt has an article on the Steel
Corporation and the Panic OF 1907 in
the Outlook appearing today Nh
Roosevelt discusses his recent ap.
poarance before the congressiohal
committee investigating the Steel
corporation, repeating the written
statement he then presented ana deal
ing wish some Of The lines OF inquiry
and his responses. lie says In part
ON SATURDAY August 5th, in com.
pliance with the request of the chair
man of the congressional committee
Investigating the absorption OF the
Tennessee Coal and Iron company hy
the Steel corporation. | appeared be.
fore that hody | had nothing new
To which 10 testify There was not "A
tact OF the slightest Importance or
of the slightest bearing on my action,
which was not already known ami
which had not been known from the
time acted, and incidentally may
mention that this is also true as re-
CARDS Panama, the dealings OF ms ad
ministraiion with The Sugar Trust or
any other trust, aud hs 10 any other
action of my administration Nobody
need feel either concern or hope a.
/ 20 wheth1r anything done by my nd
! ministAtion viii he discovered" Tor
I ihy excellent reason thar there rs
nothing thuf was hidden
Many questions were asked as to
q " NIs.H
motives OF the Steel corporation peo.
/ pie in acquiring the Tennessecs coat
and iron cumpunys property: 10
which OF course my answer was thai
/ b was MOI my business ANA neither
was ii in mN power to search The hid
den domain est motive. and that ms
action vas conditioned. nor upon
I what ! believed 20 be- the motive actu-
a,ing the srerl corporation but upon
/ my belief that the action which they
proposed taking would bee enormously
i go fho bonch of tbc community 40
largo Jt thar particular moment
Ny cuucoyn was that the action
should Dee aiken ana the situation
saved loo thD interests Ol the people
| ul che uOtyd States. Most indiyid.
ual- have short memories and the
/ events iu question took place nearl,
/ .uur seurs ago hut VI any one VIII
Iook back aud think the matter over
! seriously and In good faith he will
! understand thai it was not question
! at saving any hank or TRUST company
| uom failure the pues lon wts ui say
| ing th" plain people in. common
/ people iu aI parts oi the United
! S'arus rnU dreadful misery ana sul
| icriug 1ui 'uis was what ms action
/ did.
uup o. rla questions pm no ne IL.
! IrUcd Hi# 1tliei on go ne more uC
/ r1rUp perhaps should say that it
WAS moan fu be- understood as IN
iiCuu- rHp bcHef that the action
uNuu va. really inefficient u stop.
Ding 'hr panic Al the time. and OF
-uuH months after The panic had been
stopped mo- man would have ycufmtt
.u express such disbcliot unless pIr.
Ht..d Co ae greeted with drIleiun 1.
| ny.TN human being who knew .ul
hing whatever OF the actual taCts
Certain other questions related N
u, alleged facl than during the past
| rN ytaIs lac ore lands formerly own
ID bN the Tennessee Coal ana lIoh
! uupant hay, been developed until
| they are OF such enormous iuiUol
tuncc as 90 give the steel corporation
nearly complete control 1t the steel
business through control 81 me raw
material Whether on NOT his Is SO
has no hearing upon the action taken
Our wears ago The purchase as made
| lid not bl itself one way or the Othe
aneci the status of the steel corpora.
tion So far as The sherman law was
.curomcd and This statement Is not
affected by consideration ot what ma,
NOT be a total difference oi affairs
| fnu ears latCI.