Omaha daily bee., 1912-08-03
STEEL TRUST EVILS
ARE POINTED OUT IN
COMMITTEE REPORT
Majority tatement Charges Roose.
velt Made Control of Big Cor.
poration bsolute.
ENEMY TO ORGANIZED LABOR
Stockholders Exercise Injurious In.
fluenee on Business.
EXPOSE POLITICAL ACTIVITY
Legislation Recommended to Meet
Existing Conditions.
MORGAN AND GARY CONDEMNED
says Roosevelt is Responsible for Its
Growth--Corporatio Accused of
Lowering Condition of
Employees.
ENEMY TO ORGANIZED LABOR
Stockholders Exercise Injurious In.
fluence on Business.
EXPOSE POLITICAL ACTIVITY
Legislation Recommended to Meet
Existing Conditions.
MORGAN AND GARY CONDEMNED

WASHINGTON, Aug. 2-The report
of the majority of the committee of the
house of representatives directed more
than year ago to investigate the
United States Steel corporation was sub
mitted to the house today by Represen-
tative Stanley of Kentucky, chairman
of the committee
The report was signed by the chair
man and Representatives Bartlett OF
Georgia. McGillicuddy. Maine; Beall.
Texas, and Littleton, New York, demo-
Gratis; Representatives Gardner, Massa-
chusetts; Danforth, New York. Young,
Michigan, and Sterling, Illinois; repub-
licans, dissented from the report of the
majority. Representative Sterling SUBJ
mitted his individual views in a minor
ity report and Representative Lttleton,
democrat, dissenting from the recon-
mendations of the majority for amend
ment of the Sherman antitrust law.
filed his views, Representatives Gard
r,er and Danforth will unite in another
minority report which Representative
Young will sign and add to it his own
findings 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 Inception and
describes the various steps by which ].
|P. Morgan and his associates built up
the corporation. In addition to recon-
mendations for legislation suggested as
remedial the democratic members of the
committee made general accusations
against the men responsible for the or
ganization.
individual Accusations.
j. P. Morgan and his associates re
held UP as being the beneficiaries of
enormous profits realized from the over
capitalization OF the subsidiary com-
panies OF the Steel corporation and later
Of the corporation itself.
Judge e. Fl. 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 indicted
for making the control of the steel trust
absolute and is charged with being
responsible for the gigantic stature which
the trust has attained.
The United States Steel corporation Is
flayed as an enemy of organized labor,
accused Of lowering the sociological con-
ditions Of its employees and oil contributing
to American industry workmen and work
methods unAmerican and foreign to the
best interests Of labor.
Principal stockholders Of the Steel cor
poration are accused of exerting pow
erful and injurious influence on the bust
ness of the United States by means of
control exercised through interlocking
directorates of railway and industrial or
ganizations.
The activity of the corporation in poll
tics is laid bare and its Influence de-
scribed, and the steel trust" as tariff
beneficiary and its part in the making
of the Payne-Aldrich tariff act are
touched upon by the democrats.
Recommends Remedies.
The committee recommends legislation
to cure trust evils and to meet existing
conditions. 1t condemns the Steel COR
poration, but does not invade the jurs-
diction of the United States court, in