The sun. [volume] (New York [N.Y.]) 1833-1916, 1912-01-13


"Wha. is your opinion a. 10 tn" veg sons
why the ueople who control hose great
corporations hav" come TO tho conclusion
thai the Government should control
their business going 10 tn" extent even
of fixing prices?" asked Che i"u"n Stanley
Because. replied MIR Carnegie. bring
ing his fist down with whack. they have
come to realization. as | did long ago.
lhnt the people of this country will never
submit to combination without rogu-
la, ion
is IL Your opinion that il takes the
strong hand of tn. law to prevent these
corporal ions from charging extortionafe
prices"
Il think 80
DO vuu not ihiuN the men Vugh to
have some conscience u running thcl'
business do YOU not rhink there Ia u
moral obligation oa their par, not to
charge excessive prices"
Il think man who is appointed to run
a business is entitled To got the best re-
turns possibi. from the property he is
managing, always provided he does not
break some law.
Then YOU think" continued Mr. Bart
lett. that II there was no law againsi
larceny f-ople would I've justified in com
mitting larCeny?"
"lf there was no law against larceny
the offence would become 49, common
that YOU would hav. to p,ss a law against
it." MIR Carnegie replied
Th" ironmas,"r suggested thar Con-
gres, should piss anti-trlis' law, so
phraSed that there would u" nu mi--
understanding a, To their intent
,sL.J !, a,ss,Iu,,,,, -, "a, S,,.r t,r
.','' ,'.
Por"'ol "h'et I"'''n' '"h'''' '"h@ ""'i'u
l"-s"n the cost of steel products To tn"
people, Mr. 'arutEi" replied III il" mega
tive He thought the cn!abl. hm.nt of
a ,;oy,run.nt commission in r,r,iIat.
,h,, ,,.,,,r,, ,r i,du-,,i,t ,.,rn,r,,;,,-
"a" ''''" w '' "'''''
would result III lower 'rl'"> 10 III" con
sumner
If You break up thrs" his combine
iioiI-. -1ld Mr Carnegie. "ti"v will hr
driven to operate a~ separate companies,
to rrgula'" prices and outpW 10y agree
men'. Tia" consumer uni"r sun cir-
cum-,iuc"- would not ~. III" gliu"r III
;he lonG run Ihs, j. my opinion u
Here ar" som. random ul'Sc' vat ions
hv Mr. Carnegie.
All competition is destructive tom
p"titlon means s,rl'" n"-S "a manu-
Ittt iU't can urn bu' HpDlS al some W''tIt
near th. cost Of his COml,etitor he -houli
20 ont of business would hnva Gov
'rnulrni commission fix a M ,i'ntm pro.
iII~rd on ia. cost ot the uo~t ~, lem
manufacture"
Chairman StIul.y addressed N!r Car
n"Gl" thus
Their" mas h.s'n som" iitti'uiiiOu that
in lg" tu- tarn-gr" works at hst like
NAPOLEON at Nat.rlou. We're hrougAt face
20 iare with Il combination manned bv
iG'n Of .Nl-rl"uc" ana SUSTAINED 10y
tr"ul.n. !pu~ resources. with Gary IN ia.
Federal St""i. Gates III steel and wire
with Mr. Morgan Il, godta'h.r that had
sufficient power :" ha>r mhd.. It no longer
interesting for vou 10 have continued III
'h.' steel business aud 'hit under the cir
rlimSta!Itrs yO!! escaped destructive corn
petition hv seeking retirement l. that
""rre"''"
on. my: Mons. r,c' replied MIR Car
u"Cie Why did NJ Morgan ,"ui for
~" with IN" idea of buying mo ont
Mr. stanley | understand ne va, con-
ocrnei about your hcultn
Mr CaiDeg" | Wa ahl" To- lake SIS
tenanre oh there i nothing in that
There's an entirely diN.rent story. Don't
let Ms 60 into what YOU ar" taking about
That : Ioke
~ that time. added The witness
L wa r"iiv 20 r"il. | had made Iu
my mind not 80 spend my old age a"cu-
muia'lrg NOR" dollars NChwnhtuli me
I had chance To- sell. did not rraliI"
so strongly then now much more anxiety
l. involved in IN. distribution uf wealth
than IN accumuatng Il. do not lh. TO
b" called philanthrupist Thai word
usually means "A man with NOR. money
than braIn~. You can do much harm
distributing money unwisely. You pau
peri2r p"opl" If you CIV" q them right.
| consider a man who can d. something
Tor himself ~ ten times better than tine