New-York tribune., 1911-10-27

-~s,ton y J oct 26-After enuner =
.,,,e rhe individual and corporate de-
t.,5srts Of the United states Steel Cor
norat;on against whom the action IS
5,rected. the petition Of the Attorney
General describes conditions N the steel
bpsiress prior TO the consolldatons'
rticb took place from 1895 - 100
these are summarized IS follows
previous 10 and until the year 1ssS The
b-ik of the iron and steel business OF ths
T-rited States among the seVeral stales
s-6 between the several states ana iorelsi {.
countries was carried on by many ollLel i G.I. u,
PERSONS. partnerships or corporations, W.iCH iH
we're 10 active and general comp - -
win each other. except ar various t-llss s
sod % various localities. where such trace
vas restrained by them BY unla"ill pools
svd combinations -,
IL -S6s rbere began q rapid and radical
revolution IN the steel and iron business
r-7v7- --eriZed bv great Consolldauonsi re-
sgi-irg In bringing by the year 1910 very
4 ~se prorortion Of important branches OF
those Industries. such as crude ana sshA
-nisred steel rails, structural steer plsles'
--erclart bars. wire rods ana WTe pr9u-
,,rf- sheets tin plates and tu0s, uhuer
.he control OF consolidated concerns, each
.or- -risiug many who formerly had been
corr -eritors.
F,s petition then describes IN detail
-rs -onsoidatons effected bv the vari-
Gus groups Of plants going - make up
+,A larger subsidiarv companies finally
absorbed BY the United states Steel Cor
rorstion. These included the Federal
steel COMPANY. tho Carnegie Company
of Nsw JERSEY. American Steel and Wire
.ro~nanv Of New jersey National Tube
ror,ranv. National Steel Company,
American Tin Plate Company. Ameri-
-ar steel Hoop Company and American
-heet steel COMPANY.
Competition Largely Eliminated
After showing the conditions Of the in
5.s-r- while these corporations were in
lyd1al in the del1 the petition says
while through the formation Of the com
-zn.es aforesaid competition was arSe-l
eliminated lr their respective lines, there
.,.e- t- -4n ard uu 70 the time when ef-
-scf.va s-=cs were taken 20 absorb al or
-Fzse concerns by the United States Steel
C-r.-rar.0n active competition between the
..r-ag.e company. the Federal Steel Com
--r- and me National Steel Company. the
-1ree principal producers OF crude stee!
These three companies were also N COM
E -ea companies in the sale of the lighter
finished r-CCucts
The success achieved and the power
-=--E ry the consultations stimulated
----s companies and those controlling them
-.verz..y 20 larger enterprises and more
ambitious plans Involving further el.m!ra-
mon c- competition and restraint OF trade
r-- -o--srce s general consolidatton va.
..r---- about through the United States
--ss. Corporation. thereby still further pre-
--r-.-g competition which was imminent
The Carnegie company and the Federal
@---. Company r1arufa crured steel rails.
some other heavy finished products and
l.~-.---is snsd steel products For the sale
20 t.e.r semi finished products they were
E-ue-[sr- upon other manufacturer &,
--r-- whom were some Of The consol-
E.t.L companies
The National Steel COMPANY was u the
s--- condition. except that as 20 marketing
.- r.-lIrts 10 could count the Acsrlcan n
----- steel COMPANY. the American Steel
Er-- L----7-v and the American Tin Plate