The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-01-13
Mr.. Gillicuddy per-

Iy was formed?'' Mr.. Gillicuddy per-
sisted.
corporation ?''' Mr.. Carnegie retorted
impatiently. Il had nothing to do
with the steel corporation Never in
vested a cent in it. 1 merely sold my
property"
Mr.. McGiIlicuddy than asked if,
after the steel corporation was form
ed throughout the entire administra-
ton and Mr.. Knox's term as attorney
general, there had been any prosecu-
ton of the steel trust. Mr.. Carnegie
said he had heard of none.
Mr.. Carnegie related aagin the story
of the plan of the company to extend
its business and erect an enormous
tube plant at Conneaut harbor, which
plan aroused Mr.. Morgan and led to
the immediate negotiations for the
purchase of his property and the for
nation of the steel corporation.
Chairman Stanley told Mr.. Carnegie
of limitations that he was about to be
enmeshed by Morgan, Gary, Gates and
a gigantic competitive combine against
the Carnegie Steel company just be-
fore the steel corporation proposal was
reports current that he was sick man
who could be easily induced
Able to Take Sustenance.
well, ] was still able to take sus-
tenance," said Mr. Carnegie. But
they approached me at q good time. /
had already formed determination of
my career I had determined that /
would not spend my old age in making
more dollars / had all the money 1
wanted and demonstrated that some
time before, when the Moores sought
an option on the works and 1 had left
it to my partners to decide
The committee led Mr.. Carnegie into
a discussion again of the time the
Moore brothers, w. H. and J. B.,
sought an option on his plant when his
partner. H. c. Frick, conducted the ne
gOtiatiOns. and Mr. Carnegie demand
ed $2,O0O,OOO for the option because
the names Of the prospective purchas-
ers were not disclosed. 1t was brought
out that his partners Prick and
Phipps, were interested themselves in
the option. which eventually failed.
Mr.. Carnegie told the committee all
that he learned afterward about the
deal. He said he heard that Frick
and Phipps were interested in 1t and
that if they had succeeded in putting
it through. each was to get 100000
In stock Of the new company.
He testified that he accepted the
forfeit Of $1,1sO,OO0 deposited to his
credit when the negotiators failed to
raise the rest of the 100000 deposit
IF Mr.. F'rick and Mr.. Phipps en-
tered into a contract with the Moore
brothers by which each was to get
So, 600, 900 in stock Of the new COM
pany and never told me anything
about it," said Mr. Carnegie, you
don't think I am obligated. do you. to
pay them anything now on the forfeit
money of that option %
At the conclusion of the testimony,
Mr. Carnegie made a little speech
Rising from the witness chair. he said:
Gentlemen, 1 came down here with
an aversion to publicity, but I want to
tell you truthfully 1 have enjoyed it.
Let me say to you, get the court or
ganized and proceed one step at a
time. Gentlemen, I shall miss your
happy faces. When shall we meet
again %
THAT latchstring is always hang
ing out, Mr.. Carnegie" said Chairman
Stanley
well, if I ever get another of those
signatures of yours to an official sum
MONS said the Iron Master, Il will
be at your disposal-unless of course,
my counsel objects"