El Paso herald. (El Paso, Tex.) 1901-1931, 1912-01-23
Does Not Wish to "Gobble"
the Export Trade of the
World.

Washington, D. c., Jan. 23.-Emphat-
/ &c denial that the United States Steel
/ corporation is a monopoly as charged
I was made to the Stanley investigation
/ committee Of the house today by pres
/ ident j.. J. Farrell in continuing his
/ testimony, which he began yesterday
I He declared Il was not the purpose OF
/ the corporation to 'gobble the export
/ trade of the world at any cost
sMOnOpOIy ImpOssfble.5
"A monopoly Of the iron and steel
trade in this country" said Mr.. Far
rel, is neither possible nor desirable.
I There is no monopoly or anything ap-
preaching it Since the steel corpora
ton was organized there has been much
new capital attracted to the industry
and many furnaces have been built
which are not controlled by the steel
corporation.
TT IS charged that the corporation
is seeking to drive other countries out
OF the export market That is far from
the truth. The British steel industry
must export 40 percent of the product
year in order to i've. Germany must
export 90 percent and Belgium so per-
cent The product Of the United States
Is greater than England, Germany and
Belgium combined, and the domestic
consumption is 50 much greater that
export trade is not so vital"
Denies Harvester Connection.
President Farrell surprised the com
mittee by declaring his corporation
had had no relation with the Interna-
tional Harvester company during the
last five or six years because the Har-
vester company had boycotted 1t after
controversy with q subsidiary steel
company. He said 1t was due to a mere
bubble between statesmen.
JulbersOn Charges Campaign.
we know corporations engaged in
interstate commerce were intimidated
end blackmailed for campaign contribu
viewing the alleged activity Of national
campaign committees in 1904. He was
urging action, on his resolution provid-
ing for an Investigation.
The year 1893 surpassed all others
In the audacity and indecency with
which campaign funds were demanded"
he said.
Lists were read to show that the Re
publicans in 1896. 1900 and 1904 re-
eeived far larger Contributions than the
Dem crats.
Sugar Trust Report Soon.
Chairman Hardwiek, Of the congress
sional committee, which for several
months has been investigating the So
called sugar trust hopes to submit a
report to the house within a week. The
committee viii begin consideration OF
the evidence in executive session tomor-
row.
The reports will come from the com
mittee, as the Democrats and RepubIi-
cans disagree over the tariff on sugar,
and the tariff viii be the theme Of both
reports Representative Fordney, NAL
by and Hines are expected to prepare a
minority report, arguing that the re-
moval Of the duty on sugar would
mean the destruction Of the beet sugar
industry
Caucus Fight Expected.
The Democratic caucus Of the house
late this afternoon is expected to de-
Velop sharp party division II repre-
sentative Fitzgerald, OF New York IN
PRODUCES his resolution declaring
against the proposed S16. 900, 900 public
building bill
The caucus was called to consider the
iron and steel tariff revision bill and
that will be given first place. Demo
cratic leader Underwood, who is strong
" opposed TO the big public building
bill at this session, may object to the
subject being discussed at the tariff
caucus.
The iron and steel bill, II agreed up
on by the caucus. probably viii be sub
mitted 10 the full ways and means
committee tomorrow and introduced in
the house tomorrow afternoon
Smiths Anti Trust Bill.
The committee on the Judiciary OF the I
house VIII have a hearing on January /
26 and p. on representative Smiths I
bill to amend the anti trust laws
May Use Money IN Capitol.
The senate today passed the bill pro-
viding that the unused balance Of mon-
ey appropriated to 6efray the expenses d
may be used to furnish its capitol I
building.
Carnegie Gets His s22.7O.
Andrew Carnegie has been paid for ]
the testimony he gave the street trust I
Investigating committee.
When on the stand Mr.. Carnegie said I
b y ould not take the money, but later I
q duly attested voucher with the iron /
masters signature attached was re- 4
caivsd from New York Payment was /
refused because a nOtaFial seal was 4
omitted
ing" wrote Jerry South, disbursing Of !
ficer OF the house. in returning the 4
voucher to Mr. Carnegie, but e certain /
amount OF red tape must be unWOund 4
and a government official is at the
spool end"
The voucher N proper form was re-
turned and a check for $22.70 was re-
nitted TO Mr. Carnegie by return mail.
Gore FavOrs Road Fund.
Senator Gore, Of Oklahoma. VIII ad-
-ocate an, annual federal appropris ton
IF from 100000 600 to S12,000,000 for
he next 10 years, TO be expended on
-oads. To derive benefit from such
unds, states would have to appropri-
tie double or treble the amounts re-
GIVE from the government. He is pre-
,aring a bill for this purpose
The Day in Congress.
9he senate met at p. N.
A bin was passed transferring to
he new state all Of the federal furnish
ngs in the Arizona capital
Senator Burton, OF Ohio, introduced a
esolution to create q committee on
,ublic expenditures
The labor committee heard J. 7.
Ionoghan. of Detroit in opposition to
ba Hughes eight hour law for gov
rnment contracts.
The house met at noon
The District Of Columbia appropria-
ion bill was considered.
President Farrell, Of the United
tates Steel corporation, again testified