The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-01-13
CARNEGIE LINES Up
WITH ROOSEVELT
Says He Believes i'm Government
Control o Industrial Units.
Not Dissolution.
HIS EXAMINATION ENDED
"Gcntlcmen. he Said. "Nou Don't
Know How I've En- joycd This
When shall We Meet \gain""

NASHINGTON. Jan u Andrew tarue-
y" never played poker IN his life. took "a
ni"r III the stock market Just once and
has great aversion TO other forms OF
gambling. II" might make an exception
once i'll very great while To a little bet
on a horse race. but II was the ironmaster =
advice to Chairman Stanley Of the steel
committee to eschew all forms of gam
bling. This advice came very appro-
priatelv after Chairman Stanley had
acknowledged that he was a drcadfuly
poor poker player
The subject under discussion was the
United States Steel Corporation. hut
Mr. Carnegie refused To he hampercd
10y any such limitation He told how he
had given Capt Bill Jones n bigger salary
than the President of the United States
draws and how he had discovered Charlie
Schwab up in the Alleghanv Mountains
where his father rau a livery stable
The committee finished with MIR Carnegie
to-day and excused him from further
examination
Won don't know how I've en- iuv.d this
profoundly. Il came here to help civ.
publicity on all thos. matters ". have
been discussing. | hope vuu will giv.
careful consideration To measures that
viii r"fnedyx corporate abuses Gentle
men blowing once more when shall W.
meet again"
Mr. Carnegie. IN the course Of his
testimony to-day lined up with Col
Roosevelt on th. subject oi corporate
regulation
here tr" Two blg thoughts on taI-
subject having expression III tn. In!trd
states, SAID Represent at i've Gardner ad
dressing ;ne witness "Une ha, been
voiced hy Mr. Roosevelt who recon
m"nds Governmen, control OF these IN
du-'riai units; the other l. given uttrrauc.
10y the present Administration in certain
suits which provide for the dissolution
90 modern corporations With whom do
You stand on thl- question. Ih"ndur.
Roosevelt or President Taft"
I am III accord with the. position taken
toy cot Roosevelt " Mr. Carnrgi, replied
! understand his yi-Ys hav. Il -,tis--d
them w,th hm ana agree with MS con
cluslons
Mr. tarneG.e h.Came ind. graut to day
when Chairman STANLEY intimatcd tina
no had qult business IN 1900 h"Cau-e of a
fear that } p Morgan was about 10 or
GAME a continuation that was de-' med
10 dominate TIA" iron and steel trade
w" We're ~ position. to meet all
cpmers sail Mr. Carnegie proudly w.
dad not :uar Morgan or anybody else
" mad horse that "" knew to h" good
, for long race He CAV" n "a his opinion
that the Steel Corporal ION # II had spent
ualf the money at ConnauEht in accord
ance with the old Carnegie plans tha; it
had spent AZ Gary il would now nave it,
stock worth considerably more money.
Mr. Carnegi" believed that the Steel
CORPORATION had acted wisely IN giving
motto" of it, intention 10 cancel its leases
on the Hill deposits in the Lake superior
region.
Those leases nave proved unprof;
able" said Mr. Carnegie They hav.
cost the corporation millions III money q"
4 Mr. Carnegie wa ot h" opinion that III"
Hill neopla would have difficulty in doing
business with anybody "ls" ON the ">-
p,ratiou of the leases IN 1918
y" tarN aGaln cam" To ia" 'front.' "drtN'
IN Nj tarnrgi"'s testimony to-dav.
Mr. Ca-negi" reiterated his -ta, emel,
! or ve-terda" tha; the tariff for u long inc
had nor heen n factor in the steel trade
, Ne Expressed doubt tha. the tariN CON
trlhutci +" prosp"rity IN any busin"-s
: 80 IA" a. steel i, concerned the tarif.
wakes very little difference. he sail
We oan make steel as Cheaply a. any
country IN tn" world In my opinion
steel docs no, need IN" pr1,e' ton OF hch
ta"iN duties You l.Gir!ators shou Il
nos worry about steel. S;""l i no long r
an .ufaut: i. i a giant
Nj Carnegie said II" did not believe
the Govram"n. should exercise broad
power in fixing prices. Il DO no. think
p /. j. necessary for the Govornm"nt to
fix prices You should hav" a law allo".-
inr commission 10 fix q MAXIMUM price
/ II rhr steel p"opl" want to sell below that
price God speed them ! would allow
I