The Marion daily mirror. (Marion, Ohio) 1892-1912, 1912-02-01

denial of alleged violations of the anti
trust law is made by the United States
Steel corporation, its subsidiaries and
directors in their answers which were
filed today In the United States dis
trlct court here to the governments
dissolution suit.
The text of the steel company's
answer is as follows:
A joint and several answer was
filed yesterday i'm the United States
District Court at Trenton, N. j.. by
the Steel Corporation and Its various
subsidiary companies to the Petition
filed by the government under the
Antitrust Act. The following indi-
vlduals join in the Answer:
j. Pierpont Morgan, Elbert H..
Gary, Charles NJ Schwab. Charles
Steele Henry C. Frick, James Gayley,
William II. Moore. James II. Moore.
Perclval Roberts. Jr.. Daniel G. Reid,
Norman B. Ream, George W. Per
kins and Peter A. B. Widener
The answer Is signed by Llndabury,
Depue & Faulks as Solicitors and by
Joseph H. Choate John G. Johnson.
Francis Lynde Stetson, David
Reed. Raynal c. Boiling and Richard
lAIudUuIN as ROuiiotl
Subsidiary Companies.
The answer defends the organiza-
tlon of the subsidiary companies, de-
MES that they were formed In viola
tion of the Antitrust Act. claims
that they were normal and neces-
sary development of the times, and
Insists that instead of restraining
trade or commerce. they have de-
veloped. and increased the same.
Organization of the United States
Steel Corporation.
The answer says that the organizd-
tlon of the Steel Corporation was
suggested and induced by the officers
and directors of the Federal Steel
Company; that this Company, al
though largely integrated, was with
out finishing mills for sufficiently d.
Verslned products or sufficient capital
either TO build or to acquire them and
was restricted In It's growth by red
son of its inability TO compete et-
fecuvely for business In the eastern
part of the United States or In many
foreign countries, owing to the loca'
ton of its mills and the cost OF trans
portation; that while It's officers ana
directors were considering the mat
ter of increasing it's capital so as 10
enable 1t to acquire finishing mills
and thus complete the scheme OF in
tegration in pursuance OF Whlcn ~
had been organized, they learned that
the principal owners of the Carnegie
Company were desirous ok selling the
business which they had established
and of retiring therefrom; that ABOUT
the same time they learned that the
owners of the American Steel g
Wire Company were willing TO sell
their properties with the substantl2l
foreign business which they had
established: that the Carnegie Com
uanv possessed number OF 1nlshinS
mills of the kind required by the Feu-
oral Company to increase It's variety
of finished products and the car
nepIe mills were we'll located 10
supply steel products to all the east
arm narts OF the United States ana
to foreign countries; that the Federal
Company had no wire. tin plate steer
hoop sheet steel or tube mills Wha'-
over: that upon receipt or sald IN
formation negotiations were opeleu
through Nessrs. j. p. Morgan az Co.
with the owners OF the Carnegie COM
nanv- the American Steel ware
Comoany. the American Tin Plale
company. the American steer hool,
COMPANY. the American Sheet steer
Comnany and the National Tupe
company looking to the acquisition
of their respective properties; that az,
of said properties were weil sult@"
and well located for the purposes
1vh,ch the officers and directors OF
the Federal Company had IN view
shat the owners OF the Tin Plate'
steel Hoop and Sheet Steel miils re-
fused to sell them unless Vhe N"
tional Steel properties whlch my
aiso owned. were included In the pur-
chase; that as the result OF such ne
,,o,IatIon offers were obtained lronl
nersons controlling majority Oh FlS
.,,ocl, Of each OF said companies auu
.after due and careful consideration
,hav were accepted and the steel or
,,oration was formed to take over ths
stocks covered by said offers ana suc''
cther stock of the same companies az
/, might he able TO obtain at the sa'h'
nrice. that shortly after the stee
rornoration was formed 1t beeam.
annarert that said corporation Woulu
need additional ore supplies aho
,ransuortation facilities and there
unon negotiations we're opened WIZ
the owners of Lake superior Consoll
dated iron Mines which resulted Il
she acquisition Of the properties o
NAT company; that all of said prop
rites were acquired for the loves
and best price obtainable; that I'M
mrcbases thereof were negotiated %
n,s length and that said proper
49, 90 a whole were fairly worth V
.na W. steel Corporation the price whic'
il paid therefor" ,,o,o.s a
,,That the officers and directors o
49,. Icederal Steel Company ha'
rred by experience that create
s,' ,es could be effected by inte