The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1912-08-02
Majority of Special Probe Conn
mittee Submits Findings to
Congress The Minor
itY Dissents
'CARY DINNERS" Are
ROUNDLY SCORED
MOnopoly.is Alleged Combines
Methods are Denounced
Three Bills Prepared for
Curbing the Trusts
Telegram by Omitted Press


Washington, D. c., Aug Fifteen
months investigation of the Steel
Trust" by the special committee Of
the house, were summarized in reports
submitted to that body today-one set
condemning the United States Steel
corporation as gigantic monopoly In
restraiat ~ trade, the other, although
accusing it Of sharp practices. holding
that il is not a monopoly. All the re,
ports submit voluminous suggestions
for amendment and rehabilitation Of
the antitrust laws. based on evidence
developed during the hearings.
The reports all refrain directly
from expressing the opinion that the
United States Steel corporation has
violated the Sherman law An agree
ment to omit reference to this phase
Of their investigation was reached be-
cause Of the present tendency of the
governments suit to dissolve the cor
poration The majority report, how
ever, bristles with denunclation OF
the combines methods Of ~stlfllng
competition" Of "exerting monopoly
and Of controlling prices" through
ownership Of railroads and practical
monopoly OF all the ore fields now
available.
The ao.called Gary dinners at
which the heads of all the steel cor
porations subsidiaries met With the
chairman Of the board Of directors.
Judge q. H. Gary-are bitterly scored
in the main report.
"We think the conclusion is ire
sistible,7 the report says. chat the
Gary dinners were instituted as
means Of conveying to the entire steel
and iron industry information as to
the attitude Of the United States Steel
corporation upon the question Of out.
put and prices. and Of impressing UP.
on all engaged in the industry that
it was the part Of wisdom and pru-
denee to govern themselves accord
ingly
eve further believe that by this
means prices were maintained, out
put restricted, territory divided, COM
petition stifled and trade restrained.
just as certainly, Just as effectively,
aud just as unlawfuay as had been
done under the discarded pooling ar
rangements OF former years.
Three bills. outlining truse cufba.
We're presented with the report. one
provides for amendment Of the sher.
man law to place the burden OF proof
upon defendant corporations charged
with restraint Of trade. Control Of
30 per cent Of any business is made
prima faeie evidence Of guilt. An
other provision gives each state and
any injured individuals the right to
bring injunction suits against a trust.
A second bill is designed to pre-.
vent ainterlocking directoratesr
among railroad and industrial corpor.
ations. It is proposed to prohibit any
officer or employe OF an Industrial cor
poration in the coal industry or man
ufacture OF structural steel and rolling
) stock, from acting in similar capae-
: ity for a railroad.
Another bill seeks divorce Of indus.
j trial and common carriers BY prohih.
i iting mining or manufacturing com
50 panies from owning stock in any car-
3 rier.
e The committee also recommends
that the bureau Of corporations report
to congress in addition to the pFssi.
t dent. providing publicity Of corporate
a combinations.
# Chairman Stanley Of Kentucky, Rep.
e Bartlett Of Georgia. Rep McGllieudy
t Of Maine and Rep. Beall Of Texas. all
Il Democrats-concur in an these recon-
9 concentrations. Rep Iaiieton, DEM
:. ocrat New York, dissents only aom
e the bill changing the burden Of proof.
h That J. P Morgan & Co. received
N fee Of 2.5O0.000 for underwriting
! the steel syndicate Is asserted.
il "The Steel corporations capItalizal
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