The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1912-01-12
ANDY CARNEGIE
TALKS F[EELY
ON STEEL TRUST
WITNESS PROVED TO BE A BIG
DRAWING CARD AT INVEsTl-
CATION YESTERDAY.
Believes Partnerships are Better Than
Corporations, and Makes compari-' =
sons With Small Farmers of iowa.
Gives His Views.

Washington, Jan. 11.-Andrew Car
-negie, continuing his testimony before
the house steel trust committee, to-
day declared the day of competition
had passed because of the ability OF
manufacturers to fix and maintain
prices.
"Men," he said, "have been able to
sit down and agree to fix prices and
maintain them"
'Do you believe that situation to-
day destroys competition" he was
asked
Certainly"
THAT men in these corporations
meet somewhere today to fix and
maintain prices?"
Il think that is obvious.
Adheres to Former Views.
Mr.. Carnegie was askeS if he agreed
today with views he expressed two
years ago, urging government control
of corporations and regulation of
prices.
Il still adhere to them,7 he an
swered.
81 believe the government should
regulate maximum prices"
Don't you think it an unfortunate
condition."
Il think the time has arrived when
it is necessary and 1 point to the in
torstato oopopooroo oYoy7oiccion which
has brought order, peace and justice
out of chaos in the railroad business. .
Opinion of American People.
Mr.. Carnegie declared that he never
had any idea the American people
would permit the organization of such
trusts as have grown up in this coun-
try without government reguglation.
The ironmaster said he did not know
the Sherman law interfered with his
company engaging in pools. He said he
would not punish millionaires as ex-
amples to other millionaires because
they had done something in ignorance
of 3he law.
THAT would be vindictive,'' he said.
D6aIl ASKS AuGSllOHS.
Representative Beall of Texas, be-
gan questioning Mr.. Carnegie.
"You were connected with the iron
and steel business altogether for about
forty years, were you not?" he was
asked.
Eyes, sir"
you found it at the beginning a
small business"
'Yes, very small"
And you left it a business domi-
mating the business of the world?"
Yes, in steel"
In the early years you found tne
business disintegrated?"
Eyes"
"And you left it a business greatly
improved, greatly extended with all
its attributes, the ore, the transpor-
tation and railroad facilities extended
and practically dominated by the one
great corporation?'
Admirably stated" said Mr.. Car
negie.
"Has there been the same grade of
progress in the steel business since
the United States Steel Corporation
got hold of the Industry"
Partnerships are Best.
Il don't believe that any corpora
ton can manage business like q
When we were partners
| felt that we could run around cor
porations. You take thirty-five young
men interested in watching even a
leak in spigot and no corporation
can compete with such an organiza-1
ton in any business.
George Perkins came to me one
day and said Mr.. Carnegie, you once
told me about your partnership or
and l though it was fool
ish. Now l know you were right.
"It is the same thing with the man
who owns the land and tills. Take
Iowa for instance. When a young man
l went to Iowa on a holiday. There
l saw those beautiful farms, those.
homes of triumphant democracy.
Those young men owned their lands,
their homes. Great Ceasar, what can
a big farming corporation do against
such condition as that?
"The man who owns the land Is the
equal of any other man in triumph
ant democracy. Why, ] have loved
Iowa ever since saw that picture"
P-wer of the Partnership.
Mr.. Carnegie gave the committee
sev eral illustrations OF his efforts