The citizen. (Honesdale, Pa.) 1908-1914, 1912-01-12
Carnegie Tells SteelPrOterS
of Ore Deal.
MEMORY faulty ON "TRUST
ironmaster Appears Before Stanley
Committee. but Evades Questions
Throwing Light on Steel corpor
atoms Activities-Got Good
Price For His Properties.

Washington, Ian l1-Andrew Car.
negie chuckled every time be recalled
how he got the better Of John d. Rock
efeller In n deal involving Lake Su
perior ore. The Stanley steel inve,ti
eating committee before whom NJ,
Carnegie testified, also chuckled IN
fact II was amusing for tho commit
tee
While Mr. Carnegie was on the stand
he devoted most OF the time to enter
tanning the committee with an account
of his rise from humble beginnings and
to giving his views on subjects OF eur
rent interest The committee ELECTED
very little information from Mr. Car
negie that is important in it's inVestign
tion OF the United States Steel corpora
ton When 1t came to getting down
to details in regard TO the steel corpora
ton Mr. Carnegie's memory often
proved trracherous. He was positive.
however in his denial that he Ind held
ont for big price on the Carnegie
properties. because he knew they were
absolutely indispensable to the success
OF the steel corporation. He named
$213, 100000 as the amount that he per
sonally got from the steel corporation
for his property. and in his opinion the
corporation got n mighty good bargain
Mr. Carnegie told how he had forced
the Pennsylvania railroad to grant cor
cessions to him, but never beyond
those that were being granted to his
competitors 1t Is true his compauics
had engaged In pools. supposed now to
| have been in violation OF the Sherman
antitrust law. but he had never bur
dened his mind with these details. and
he was very glad that he hadn't
! The thought that he has been able Ia
outwit John ID Rockefeller In q bust
ness deal pleased Mr.. Carnegie i'm
mensely He referred to IL several
times in the course OF his testimony
The transaction involved the obtaining
! by Mr.. Carnegie Of ore from Rockefpl
ler on royalty basis OF from Il to %
cents per ton The steel corporation
has since capitalized the same property
on basis Of 81 n ton
Mr. Carnegie said that when he con
ceivrd the idea OF leasing these or,
beds he summoned James Gayley. on,
of his partners, and said to him:
You go to New York and don't you
come back until you have those leases
Mr. Gayley went and conquered
II did Mr.. Rockefeller on that trade.
said the ironmaster. smiling broadly
| I "a Inn I a
Of it. It's quite 4 job, you know, (,
get the best Of n man With a head lik,
Rockefeller
Mr. Carnegie felt so good over TN
recollection OF this transaction that h,
went on to tell the committee about
call that he and Mrs. Carnegie haC
made on the Rocksfsllers on New
Years day
when we arrived ut the Rockefelle
home" Hnid Carnegie. we found Mr.
and Mrs Rockefeller seated on tn
porch. Mrs. Rockefeller Is a fine We
man and q fine wife, but she In doinj
poorly now The old gentleman wa
in good rsttle There he was, tall, lcai
: and spare. smiling and b-aminG. n
happy as he could he. He told ls tha
, cold weather did not affect him much
, as he wore a paper jacket that KEEP
ont the weather He gave each OF VI
one, and really II is a fine thing TO kee
the body warm We had a chat owe
old times and" (here Mr. Carnegie IN
, dnlg"d in another rhuckleI II didn'
mention the ore transaction wherein
got the better Of him
That wus one time at Irnst." he ado
ed. that ! took In my fellow millior
nir-