Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-11-16
In An Editorial in the Out
look" Former Executive De.
fends His Position in Max
ing Concessions to Combine,
FEDERAL CONTROL OF
TRUSTS Is URGED
Calls Articles Saying he Was
Taken In" BY Crafty
Trust Promoters Not in
Accordance With Truth"

tny Esessas usssia a. y. Lessea w,sel
New YORK. Nov. Recent litiga.
,ion and Legislation to regulate the
trusts and remedy to regulate the
present situation Is discussed by
Theodore Roosevelt In an editorial en-.
titled The Trusis. the People and
the square Deal published today In
the Outlook
The sui, against the Steel trust by
the government Mr. Roosevelt he.
Gins. has brought vividiy before our
people the need OF reducing 10 order
our chaotic government policy as re-
cards business
he concludes with this r'commen-
dalton:
The national government exercises
control over interstate commerce rail-
ways and II can In similar fashion.
through an appropriate governmental
body. exercise control over all indus
trial organizations engaged In inter.
state commerce. This control should
not be exercised by the courts. but
by an administrative bureau or board
such az the bureau Of corporations or
the Interstate commerce commission;
for the courts cannot with advantage
permanently perform executive and
administrative functions"
Hffore taking np his general theme.
Mr. Roosevelt panses 20 deny that the
,enr.a.ntaslera ~ tha ufaaa ..ruarsl.
fion mssis,i him white he was Prcsi-
dent Referring t6 the suit agnins,
the Steel trust he ssys
One oi the grounds tor the suit
Is the acquisition BY the steel cor
poraiinn OF the Tenaessce Coal and
Iron company. aud Il has been al'eged
on the authority OF the government
officials engaged In carrying on the
suit. that as regards this transaction,
Was :nIalcd by the representatives
OF the steel corporation and that the
lscts we're not accurately or irutkfuliy
laid before me. This statement IL not
correct believed at the time thar
the facts IN the case were as repro
scented 10 me on behalf OF the Steel
eofpoIatioa and my further knowledge
has convinced mo that this vas true.
y believed AZ tho time that Inc
Representatives Of the steel corporation
told me the trdih as 10 the change
that w0uid be- worked In the percent.
age OF the business which the pro
posed acquisition would give the
steel corporation and further inquiry
has convinced me that they did so
Was not mfsled. The Representatives
Of the Steel corporation told ne the
truth as 10 ebsi the effect oT the ac-
iloD AZ thnt time would be and any
aatemen. that ! war misiec OF tina,
he Representatives of the steel cor.
posatIon dld not thus tell me the truth
as 10 the facts Of the case ~ itself not
In accordance with the truth.
N has been alleged that the pur
chase oy the Steel corporation Of the
property OF the Tennessee Coal and
Iron company gave the Steel corpora
ton practically monopoly OF the
southern iron ures-that Ii bf the ifon
ores south OF the Potomac and ths
Ohio
Ny Information, winch / have ever,
reason 70 believe Ia accurate and MOI
successfully TO be challenged. Il thai
W tttAfN' NRNfnEIN ttVN OlfH Tue HfUN
corporation has. including the proper
~ gain.d from the Tennessee Goa
and Iron company. less Than twenty
per ent-iperhaps NOT over sixteen
per cent. A very much smaller per.
centagc than the percentage u holds
of the Lake superior ones. which even
after the surrender OF the iflll leaae
VIII be- slightly over ffty per csns
According 10 my vlew therefore ant
unless whleh / do not heIieye nos
Hible-sheae figures can be sueeesafsiil,
challenged the acquisition OF the Ten
nessee Coal aud iron companyA orel
IN no way changed the situation a.
regards making The steel corporation
monopoly.
The sho~lnG as 10 the percentag.
Of reduction 0f all kinds of steel lngoll
and sieei castings In the unned States
by the sieei corporation and by Al
other manufacturers respectively
makes an even stronger case. :
makes the case even stfoneer than
put u 10 nay testimony before the In
sessisalins eonl niitee. Tor I wa
scrupu'onsls careful to make state
menls that erred, " ~ all. against nj,
own position