The evening herald. (Klamath Falls, Or.) 1906-1942, 1911-05-12
READY TO PROBE
STEEL AND WOOL
srANLHY's RESOLUTION lT II
ExPMTED Will M PAssED
NJ TINE HOUSE, DURING ThE
WEEK. M CUMH.

Press AanOctattOn.D
WASHINGTON, May s.--Undct
the microscope Of inquiry. the Demo.
cratic leaders Of the house have de-
termined to scrutinise two OF the
worlds greatest industrial combinn-
tions--the United States Steel Cor.
poraticn and the American Woolen
Company. The Stanley resolution for
the steel probe IL expected to pass the
house within week. Representative
Francis Of Ohio has secured IN agree
mcnt from the leaders for early con.
sidcration Of his wool probe rcsolu.
tion.
Stanley of Kentucky. who has been
agreed upon for chairman Of the CON-
mittcc that will probe the steel cor.
poration. and Francis. author of the
woolen resolution. today prepared the
following statements for the United
Press:
tBy Representative A. o. Stanlcy)
The inquiry assured by the favor
able report Of the Rules Committee
on the resolution to investigate the
Steel Corporation and It's allied In
terests In railroad. banks and coal
companies will be the most important
and far reaching ever Instituted by
congress. II will be prosecuted fair
~. but with q careful view To set
ting before congress and the people
every questionable operation of he
bix combine.
There is widespread feeling
throughout the country that the opcr-
ations Of these combinations are Cd
pccially hurtful to general prosper
ity: that they net as drag and an IN
cubus on legitimate business. In the
year ls03 the Steel Trust received
9ls?.3&5.o0O net profit secured to II
BY tariff schedules and more than Il
would have received had II aold to
the American consumer at the same
price Il received In foregn markets.
One hundred and sixty.two million
dollars 10 an appalling sum to pay for
immunity. but when we think 0f the
presidents II has dcluded. the Sena-
tors u has seduced. conGressmcn and
congresses II has conquered. courts
II has corrupted. perhaps Il was mon.
cy well spent.
The greatest crime Of the Steel
Trust Ia It's crucifixion Of labor. It's
degradation. It's cold and inhuman
pilfering Of It's own employees.
tBy Representative w. x. Francis.)
The resolution introduced by me- In
the house will. II acted upon favor.
ably. In my Judgment. enable the gov.
ernment to suppress one Of tho afro
cious trusts 10 the country and OK.
pose one Of the most gigantic hum.
bugs In the busiasss world today.
Not only is tho wool grower op.
pressed by the slimination Of all
eompetition for the purchase OF his
vol. but the price paid BY tho con.
sumer Of all w00len products 10 con
trolled absolutely by this gigantic
combination.
This aggregation. known % the
American Woolen company. is capi.
talised at $4,000. 900. and 10 com.
posed Of 90 or 30 mills scattered
throughout New England. New York
and Pennsylvania. Tho corporation
exists In palpable violation Of the
Sherman antitrust law.
For some years the wooI.Growers
OF the United States have laborsd un.
der the belief that the lowering and
raising Of the tariff on wool con.
trolled the price OF the product. Since
the advent OF this wool trust the
whole country has been divided into
districts and In each district only ono
buyer appears and the price he offers
IL dictated wholly by the trust he rep
resents.
No competition now exists In any
branch OF the Industry no matter
what 10 done regarding the tariff the |
prices paid for raw material % we'll
~ the price asked for the finished
product. will not bs affected either
one way or the other. save at the
whim Of tho Wool Trust. Inssmuch
~ the mills and markets for both
raw and finished products are con.
Irolled by this organization. II is
lear that men skilled IN this branch
u industry have but one market for
heir labor. They are compelled to
'ccspt whatever conditions may be
imposed. and such Wages % may be
'fssred.
believe that the matters embod.
ID II my rssolutiou are OF the ut
aost importance u the American
eople and II this combination ID dis
olvsd It will result II broadening the I
asrkst OF the wool grower. relieve