The Marion daily mirror. (Marion, Ohio) 1892-1912, 1912-01-11
STEEL TRUST BOOKS
ARE TO Be EXAMINED

Washington, Jan. 11.-Intimate books
and papers of the United States Steel
Corporation are TO be examined by the
government. Chairman Stanley of the
house Steel Trust investigating com
mittee last night issued subpcnas
duces tecum for all the documents,
which thus far the steel Corporation
had not produced, although the COM
mittee expressed its desire to examine
them.
The subpenas are served directly on
J. j. Farrell. as president OF the Uni
ted States steel Corporation, but there
/ Ia no disposition on the part of the
committee to force him to take the
stand. The subpenas arc made return
! able Jan. 22, and the corporation is
commanded to turn over the documen-
tory evidence TO Expert Accountant
McRae of the committee.
Chairman Stanley, VINO prosecuted n
successful campaign for an additional
appropriation to carry on the inves-
tigation into the steel situation, am
nounced that he proposed to cease
tomporlzing. lie declared he would
subpoena hereafter such witnesses as
hesltated to come ana would seize by
the authority of congress such doc
mentary evidence as he deemed i'm
portant.
Carnegie ON the Stand.
Andrew Carnegie WITS on the witness
stand in the steel inquiry yesterday.
1T does my heart good to think that
/ got ahead of John ID. Rockefeller,
] my fellow millionaire, I'm that Lake
Superior ore DEAL he said.
Mr.. Carnegie had just told the com.
mittee about his deal with Mr.. Rookie
| feller whereby he obtained control of
MIR. Rockefeller's iron ore buildings in
the Lake Superior region at a rate
OF 10 cents a ton, holding which, when
turned into the Steel Corporation, lat
err formed n large part Of the assets
valded at $7OOOO0,OOO.
Mr.. Carnegie laughed like a school
| boy as he referred 10 the business tri-
umph he had achieved over his "fel-
w millionaire" AS he spoke of Mr..
Rockefeller he took the committee into
his confidence and told of a New Years
call he and Mrs. Carnegie had made
on the oil king and Mrs. Rockefeller.
I'VE had an enjoyable chat, but in
our conversation / never referred to
that ore purchase" and Mr.. Carnegie
clucl<led while his auditors enjoyed
the laugh with him.
! Doesn't Remember Capital.
I'm 1863" continued Carnegie,
1--WE built another mill. In 1864
was one OF the men who organized
the Superior Rail mill at Pittsburgh.
Ip 1865 we united with two iron mills
and in 1865 opened a locomotive
works in Pittsburgh"
'What was the capitalization OF
your various plants at that time,
asked Stanley
a chuckle of amusement came from
the iron master. He threw up his
hands with a gesture of despair and
replied:
my dear Mr.. Chairman, I can't
tell you. I'm sorry to say l haven't
been thinking about these things for
forty years and the last eleven years
OF my life have been buster than any
other period
But win get them for you," he
added.
Did the men who were associated
with you, Schwab and those fellows
bring any money into your busness?"
asked Stanley.
"Not a dollar" replied Carnegie.
Continuing. he told of his advent into
the steel business
During the civil war he acted as
superlntendent of railroads and tele-
graphs with tho union army I'm West
Virginia. After suffering a sunstroke
ne was forced to go TO cooler ell
mate and he chose to go to his native
Scotland He told OF bringing back
to the states number of improved
processes, among them the Bessemer
| and the open hearth steel processes.
Calls Schwab Great Genius.
"Whon / brought back the Besse-
NOR process | took the whole mat
ter to that great genius, the greatest
| ever knew in his line-Chares M,
Schwab. Ile tested It, and n week
later ne came TO me in New York
with plans for monster plant. /
said; Build it,"
This plant Carnegie declared en-
Enthusiastically was the greatest mar
vel in the world"
IT THIS commute would go and
loo kat that plant they would find
no restraint OF trade there" he con
tinued.
I'm a lengthy statement prepared
for the committee, Carnegie suggested
the creation Of an Industrial COM
mission so solve the trust problems
Discussing the effect OF the stand
ard OH and Tobacco decisions he
declared in the statement:
"'rhe offenders in general (there
may be exccptions) so far under the
supreme court decision should bd
gently dealt with If they can plead
misund derstanding OF the law.
Should he Industrial Court
There Should promptly be cre-
ated an Industrial court modelled aft
| OF. Ihn IllL lLnl..lnIn nLlaIaanr nnI,a M