Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1912-01-13
FINISHED.
CONTINUED from Page One.)

| his finger at the chairman. Il don't
| like to draw any distinctions"
McGillicuddy somewhat confused
Mr.. Carnegie with series of ques-
| tons to show that a plan to organize
the United States Steel Corporation
was formed before Mr. Mckinley was
elected President, in 1900. And that
the plan was consummated after his
election. He brought out the fact that
Carnegie had told Mckinley TO have
nothing to do with Imperialism or the
acquisition of the Philippines.
Were there any negotiations be-
tween you and ]. Pierpont Morgan
prior to 1901. regarding the formation
of the Steel Corporation"
II never heard of any until Mr..
Schwab came to me. in 1901, with Mr.
Morgan's offer to buy my property"
Mr.. Carnegie answered.
Were there not some negotiations
as early as 1902
II never heard of any"
I'm 1900 We're you not very much
opposed to the policy of imperial
ism ?''
Yes, l was; and l asked Mr.. Nc
Kinley not to have anything 70 do
with it. I was opposed TO the acquisi-
ton of the Philippines.
rs il not also true that. early in
1900, you We're opposed to William Nc
Kinley for President"
Ne" Mr. Carnegie replied, giving
evidence of confusion. Il do not know
of anything that would have made
me opposed to Mr.. Mckinley
rs it not fact that in January,
1900. YOU attended meeting of anti
ImperiaIists, at which you pledged
Yourself to contribute $4,000 to pre-
vent the denomination and re-ele@-
ton of William Mckinley if they
would raise like amount McGIill-
cuddy asked.
]. n. Reed, attorney Tor Carnegie,
objected to this question. Chairman
Stanley overruled the objection.
Mr.. Carnegie looked at his counsel ner-
vously. but presently replied:
II can't tell you about that. l do not
recollect that l ever did anything to OPP
pose the denomination or reelection oil
Mr.. Mckinley. / was deeply opposed TO
the Philippines, but cannot believe l OBJ
posed Mckinley for President"
Don't you remember that you actually
did contribute $4,000 of that $4,000 to this
fund.-"
II do not recollect, but it may be so. If
YOU know the facts / am sure it was not
against Mckinley that / gave the money,
but against the acquisition of the Phil
ippines.'
'Why. after contributing" $4,000, did
YOU not continue with the other $4,000
Mr. McGiIlicuddy continued.
"I do not recollect"
"Didn't some of the Morgan people
come to you and tell you that it was
necessary to elect Mckinley in order 10
form this United States Steel Corpora
tom"
"No such thing ever occurred, AIR
Carnegie answered sharply,
After Mckinley was inaugurated in
March. 1901, and Philander c. Knox, who
had been attorney for your company,
was made attorney general In his cabinet,
is it not true that within 30 days your
Steel Corporation actually was formed
Mr. McGilicuddy persisted.
why do you say Your Steel Corpofa'
| tion?" Mr.. Carnegie retorted. II had
nothing to do with the steel corporation.
| never invested a cent in it. | merely
| sold my property"
II do not like that word philanthropist
| 1t suggests a man with more MONEY than
| brains have seen where distribution
of surplus wealth has done more harm
| than good, and had done more to pau
perize people than to benefit them.
| never like to help people who can heir
| themselves. That is why ] never give 9
| library to a community that cannot hell
| in the enterprise"
The committee again led Mr.. Carnegie
| into discussion of the time the Moore
brothers, w. H. and ]. B.. sought an OPP
ton on his plant when his partner, II. c
| Prick. conducted the negotiations, anf
| Mr.. Carnegie demanded 100000 for til,
| option because the names of the pros
pective purchasers Were not disclosed. /
was learned that his partners, Prick ano
Phipps, were themselves interested in the
option which eventually failed.
| Mr.. Carnegie told the committee al
that he learned afterward about the deal
He said he heard that FriclS and Phipp'
were interested in it and that If they hat
| succeeded in carrying it out each was I,
/ get $5,000,000 in stock in the new com
pany.
lie testified that he accepted the for
felt of 81, 100000 deposited to his credit
when negotiations failed to raise the bal
ance of the deposit of 100000
'ff Mr.. F'riek and Mr.. Phipps en-.
tered into contract with the Moore
} brothers BY which each was to ge
$4,000 600 in stock of the new compan,
: and never told me anything about it,
; said Mr.. Carnegie, you don't thinl
] am obligated, do you TO pay then
~