The Miller press. [volume] (Miller, S.D.) 190?-current, 1912-08-08
STEEL TRUST PROBE
FINDINGS SUBMITTED BY REPRE-.
SENTATIVE STANLEY AFTER
YEAR INVESTIGATION.
IN HOUSE COMMITTEE
Remedial Legislation Is Finally Sug-
gested and Former President
Theodore Roosevelt
Assailed.

washington, ID. T.. - The report OF
the majority of the committee of the
house of representatives directed more
than a year ago to investigate the
United States Steel corporation was
submitted to the house by Representa-
tive Stanley of Kentucky, chairman of
b committee.
The report was signed by the chair
man, and Representatives Bartlett of
Georgia; McGillicuddy, Maine; Beall,
Texas, and Littleton, New York, demo
Gratis; Representatives Gardner, Mas
sachusetts; Danforth, New York;
Young, Michigan, and Sterling. Illinois,
republicans, dissented from the report
OF the majority. Representative
Sterling submitted his individual
views in a minority report and Repre-
sentative Littleton, democrat, dissent
Ing from the recommendations of the
majority for amendment OF the Sher.
man antitrust law, filed his views.
Representatives Gardner and Dan
forth will unite in another minority
report which Representative Young
will sign and add to it his own find
ings as to the facts surrounding the
organization and operation Of the steel
corporation.
The report OF the majority deals
with the steel trust from it's incep-
tion and describes the various steps
by which J.. p. Morgan and his as
sociates built up the corporation. In
addition to recommendations for legis-
lation suggested as remedial, the dem
ocratic members Of the committee
make general accusations against the
men responsible for the organization.
j. p. Morgan and his associates are
held up as being the beneficiaries Of
enormous profits realized from the
over-capitalization of subsidiary COM
panies of the steel corporation and,
later. of the corporation itself.
Judge f.. III. Gary and his dinners to
steel manufacturers are credited with
a scheme by which prices and terri
tory were controlled by the steel trust
after pooling agreements were dis
carded.
Former President Roosevelt Is. in
dicted for making the control of the
steel trust absolute and is charged
with being responsible for the gigantic
stature which the trust has attained.
The United States Steel corporation
is played as an enemy of organized
labor, accused of lowering the socio-
logical conditions of It's employees and
of contributing to American industry
workmen and work methods un-Ameri-
can and foreign to the best interests Of
labor.
Principal stockholders of the steel
corporation r accused Of exerting
a powerful and injurious influence on
the business of the United States by
of control exercised through
interlocking directorates Of railway
and industrial organizations.
The activity Of the corporation In
politics is laid bare and it's influence
described, and the steel trust" as a
tariff beneficiary and ,ts part in the
making OF the Payne-Aidrioh tariff act
are touched upon by the democrats.
The committee recommends legisla-
ton to cure trust evils and to meet
existing conditions. 1t condemns the
steel corporation, but does not invade
the jurisdiction of the United States
court in which there is now pending a
government suit for its dissolution.
Early in It's report the committee
sets forth that 1t would investigate
'as IL no proceeding on the part of the
United States government were now
pending"