Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-01-12

Il am familiar with the views of ex-
President Roosevelt on the trust ques
ton and I am inclined to agree with
him." said Andrew Carnegie before the
steel trust investigating committee to-
day. Representative Gardner of Massa-
chusetts had contrasted those views
with ideas expressed by President Taft
in his recent message on the trust ques-
ton.
In the solution of the industrial prob
lem," said Representative Gardner, ..thers
are two leading thoughts before US
President Taft In his recent message ex-
pressed the view that dissolution OF large
units should 80 on. The other line of
thought, as expressed by former Presi-
dent Roosevelt. is that under the existing
Sherman law we should look to recog-
milton OF large units controlled by the
government. In which class are you, Mr..
Carnegie?"
Sherman Law Too Mild,
Il have agreed with Mr.. Roosevelt
views. l think for the present that you
should allow large organizations to con-
unue and to see how we get along and
that you should pass laws regulating
these organizations. Then you be pa
tient and see what further LEGISLATION
may be necessary. | do not tn.nk the
sherman Jaw rs drastic enough. Give US
d Gear, unmistakabie law and l Deiieye
We Will SteeI clearly.
DO you believe dissolution of the
United states steel Corporation would
lessen the price OF steel!
de-
pends. Of course, upon what the court
might do"
suppose Congress does not take the
step that you adviser"
My opinion Is tnat Congress will see
the necessity for more governmt mt con
troll
well, but whether Congress will
strengthen the Sherman law to make the
ton you recommend is the issue before
Congress- said Mr.. Gardner.
"1ave the government watch these or
carnations more closely and nix maxi
mum prices and see how II works, re-
Piled Mr.. Carnegie
Wrote History of Steel.
J. Howard Bridge of New York. who
wrote a book on the inside history of
the Carnegie Steel Company sevel al years
ago, was called to the witness stand be-
fore Mr.. Carnegie was recalled. Mr..
Bridge was ANXIOUS to return to New
York. He testined that he had been
given by the company officials access to
the original documents. copies OF which
he had printed. but had not had access
to the books of the company.
Were the documents given to you
with the consent OF the companyf Mr..
Young asked.
mo: as company they refused TO
I'll
Bridge. Some of the individuals who
aided me were officials OF the company,
and others were former officials.
Asked by. Mr.. Young to name tho ON
Bridge begged to be excused. and the
question was not pressed.
Representative Young began the exam
ination Of Mr.. Carnegie. He referred to
the questions yesterday relating to the
reason for the great strides made in the
profits Of the Carnegie Steel Company.
after 1897, following the passage Of the
Dingley tariff. Mr.. Young read statistics
showing that the production OF steel as
well as the profits greatly Increased.
Doesn't Credit Dingley Law.
"Did not the tremendous increase in
business after 1895 account for the great
increase in profitr
.sWhy, of course. one goes with the
-
whole increase"
Have you any information on inn
ports of manufactured steel prior to the
Dingley law?" asked Representative
Sterling. 49,
II have not" replied Mr.. Carnegie. 'lf
/ had figures might be able TO recall
some facts"
"Do you know whether the Dingley
law had any influence on the steel inn
ports?"
Il said before that the Dingley tariff
could have had no influence on the steel
business" Mr.. Carnegie answered.
ssThen you attribute the steel prosperity
To the same conditions that brought about
general prosperity throughout the coun-
tryT
Certainly"
"Do you think the Dingley tariff had
ANYTHING to do with any prosperity In the.
asked Chairman Stanley.
..I don't think so. but. OF course, / do
not recall the details OF the Dingley
tariff"
Doesn't Need Protection.
Reverting to the present conditions. M.
Carnegte said, ~ honestly think that to-
day this country can make steel as cheap