Arizona republican., 1912-08-03
Publication of Majority Re- port and One by Minority Both Agreeing Upon the Iniquity of the Corpora tion
ROOSEVELT SCORED
 FOR HIS PART IN TT
Disturbance of Business of the Country by the Trust Which Is Further Des- cribed as the Enemy of Organized Labor
ASSOCIATED PRESS p1sPArcH1

l WASHINGTON, Aug 2-The re- l port of the majority of the con- mittee of the house of representa-
 tlVes directed more than a year age
 to investigate the United States Steel l Corporation was submt'ri to the
 fouse today by Representative Stan- l ley of Kentucky, chairman of the committee.
 The report was signed by the | chairman and Representative Bart- lett, of Georgia: McGillicuddy, Maine; Beal. Texas, and Littleton, New York, democrats. Representa- ! tives Gardner, Massachusetts; Dan- forth, New York; Young, Michigan, and Sterling, Illinois, republican, dis sented from the report of the ma- jority.
 Representative Sterling submitted his individual views in minority report and Representative Littleton, democrat. dissenting from the recom- mendations of the majority for amendment of the Sherman anti- trust law, filed his views.
 Representatives Gardner and Dan- forth will unite in another minority report which Representative Young will sign and add to it his own find- ings as to the facts surrounding the organization and operation of the Steel corporation.
 The report of the majority deals with the Steel Trust from it's in- ception and describes the various steps by which J. P. Morgan and his associates built up the corpora tiOn. In addition to recommenda- tions for legislation suggested as remedial, the democratic members of the committee make general accusa- tions against the men responsible for the organization.
 J. P. Morgan and his associates are held up as being the beneficial ries of enormous profits realized from the over capitalization of the subsidiary companies of the Steel corporation and later of the corpora tion itself.
 Judge E. H Gary and his dinners to steel manufacturers are credited with a scheme by which prices and territory were controlled by the Steel Trust after pooling agreements were discarded.
 ! Former President Roosevelt is in- 1 dicted for making the control of the 1 Steel Trust absolute and is charg- l ed with being responsible for the gi- gantic stature which the trust has attained.
 The United States Steel corpora 1 ton is flayed as an enemy of organized l abor, accused of lowering the so- biological conditions of it's employ es and of contributing to American 1 industry workmen and work meth | ods n-American and foreign to the best interests of labor Principal stockholders of the Steel corporation are accused of exerting a powerful and injurious influence on the business of the United States by means of control exercised through interlocking directorates of railway and industrial organizations. The activity of the corporation in politics is laid bare and it's influ- ence is described, and the Steel Trust" as a tariff beneficiary and it's part in the making of the Payne Aldrich tariff act are touched upon by the democrats.
 The committee recommends legiS- lation to cure trust evils and to meet existing COnQlIlOnS. IL con- demns the Steel corporation but does not invade the Jurisdiction of the United States court in which there 1 is now pending a government suit for it's dissolution.
 | Early in it's report the commit i tee sets forth that it would investi
 gate "as if no proceeding on the part of the United States govern ment were now pending against said 1 corporation. but not for the pur-
 pose of determining the questions in- volved in the action brought by the 1 government"
 The governments suit is to dis cover if the United States Steel
 corporation is in violation of the
 sherman antitrust law In summing up it's conclusions
 the majority report says:
 'tThe control of corporations by
 the Federal government, as recom-
 mended by MT. Carnegie. Judge Gary.
 and others, is not approved. What 1 ever may be the evil results of the elimination of competition from the 1 steel business, it does not justify
 such remedy and could not be
 cured by it. Such a control, semiso-
 cialistic in it's nature, is beyond the power vested by the Constitution In the Federal congress.