The Calumet news., 1912-08-02

the majority of the committee of the
| House of Representat Greeted
more than year ago To investigate
the United States steel Corporation
was submitted To the House today by
Representatives stanley. of Kentucky,
| chairman of the committee.
The report was signed by the chair
man and representatives, Bartlett, II
Georgia McGillcud,y. Maine: Beall
Texas and LitIeton New York, Dem
ucrats.
Representatives Gardner, Massachu-
setts; Danforth New York: Young.
Michigan, and Sterling. Illinois. Re
publicans dissented from the report
! of the majority.
The report of the majority deals
with the Steel Trust from it's incep-
tion and Describes the various steps
by which j. p Morgan and his asso-
ciates built up the corporation. In ad-
dition to recommendations for legisla-
tion suggested as remedial the Dem
ocratic members of the committee
make general accusations against the
men responsible for the organization
Col. Roosevelt is AssaiIed.
]. T. Morgan and mis- associates are
held M as being the bcneficiaries OF
enormous profits realized from the
decentralization OF the subsidiary
companies of the Steel corporation and
later of the corporation 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 af-
ter pooling agreements were discarded
Former President Roosevelt is in
dicted for making the control OF the
Steel Trust absolute ard is charged
with being responsible for the gigan-
tic stature which the trust has at
tained.
The United states Steel corpora
tion is flayed as an enemy of organized
labor. accused of lowering tho Socio-
logical conditions Of its employees and
of contributing TO American industry.
workmen and work. methods un-Am-
erican and foreign To the best interests
of labor
Stockholders Are Accused.
Principal stockholders of the steel
Corporation are accused of eNertine u
powerful and injurious influence on tho
business of the United states by means
of control exercised through iuterlock-
ing directorates of railway and ndus-
trial organizations.
The activity of the corporation in
politics is laid bare and its influence
described, and the steel trust" as Il
tariff beneficiary and its part i'm the
making of the Payne Aldrich sariif act
are touched upon by the Democrats.
The committee recommends legisla-
tion to cure trust evils and To meet eN-
lsting conditions. /, condemns the
Steel Corporation but does not invade
the jurisdiction of the United States
court i'm whicn there is now pending
a government SUIT for its dissolution.
Early in its report the committee
sets forth that IL would investigate 'as
If NJ proceeding on the part of the
United States government were now
pending against said corporation, but
not for the purpose of determining The
questions involved in the action
brought by the government"
The governments suit is To discover
il the United states Steel Corporation
Is "in violation of the Sherman anti
trust law"
Federal Control Not Approved.
L. mo- ha
majority report saws;
'The control of corporations by the
Federal Government. as recommended
10y Mr. Carnegie Judge Sary, and 9TH
ers. is not approved. Whatever may
he the evil results of the elimination
of competition from the steel busi-
ness. it does not Justify such a remedy
and could not he cured by it, Such
control. semi socialistic in its nature.
Is beyond the power vested by the
Constitution in the Federal Congress.
"The abuses mentioned i'm this report
can in great measure De rcmcdied by
giving to the operations OF the United
States steel Corporation aud other like
corporations the widest publicity. and
by the strict enforcement OF laws spe-
officially inhibiting the employmer. of
cunning devices by which an unfair
advantage over competitors is secured.
The Bureau of Corporations POSSESSES
the authority To thoroughly investigate
the Internal affairs ~ industrial con
Germs doing an interstate business
Had the character Of the Steel Cor
poration and the nature andNextent Of
it's operations been known Ia the peo-
pie and To the president Of the United
States at the time OF the absorption OF
the Tennessee Coal and iron Co, il Is