Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-01-12

~, as, II not more cheaply than. any
country i'm the world, and In your tarin
deliberations, in my opinion, you needn't
bother about steel. 1t is a giant industry
and needs no protection"
Mr.. Carnegie said the United states
Steel Corporation is the greatest manu-
featuring giant In the world.
Representative Bartlett asked Mr.. Car
negie IL the decision of the supreme
Court in the Standard Oil case had &C
that the government should regulate cor
poratiOns
"Oh. no." said Mr.. Carnegie. You
know, I expressed that view more than
two years ago. The Supreme Court de-
cision Lad nothing to do with IT. When
Judge Gary aired his view before your
committee I made a statement con-
graduating him.. But, as z matter OF
fact, had preceded Judge Gary In thst
view several years"
Representative Bartlett asked why
manufacturers had concluded govern
ment regulation was necessary.
Because" Mr.. Carnegie replied,
pounding the table. they have from ex.
rerienced men come to the realisation
that the American people will not stand
for great combinations without regula-
ton" He said 1T was inconceivable TO
him that business men would doubt the
power of Congress to do anything.
Praise for Judge Gary.
Mr.. Carnegie characterized Judge
Gary. directing head Of the so-called
steel trust. as broadininded and open to
the truth.
MFR Gary is a good man." he added.
'.and open to conviction. He wants to
conduct business legally. Why, he's been
a Judge He comes TO see me often. ana
We talk those things over
Don't you think" asked Representative
Bartlett, that moral law should restrain
men from organizing monopoly and ex-
torting money from the people?
oh Judge, if YOU allow monopoly v, with n
out law to restrain IL. you deserve 10 De
charged Nights your fault.
Suppose there was no law against
larceny" persisted Mr.. Bartlett.
why II there was no law against lar
ceny there would be so many larcenies
that you would be forced to make law
against it, You can't trust human nature
as long as man believes he is living within
the confines of his conscience"
The law against larceny came down
from Mount Sinai" said Mr.. Bartlett.
''Oh. yes. but / think 1t has been revis-
ed many times since. What are you law
yers worth IL you have been unable to
improve laws made at Sinai?' MIR. Car
negie retored.
Iron Ore All Taken.
You cannot organize new steel COM
III tHiS SOuhliS hoW- SeAA>A 49,.
Carnegie The ore is all owned now,
all that is available in lie country.
New men couldn't find ore. Hundreds
of men have been searching for such
treasures Don't run away with the
idea that the ores of Tennessee are OF
a value equal to the Superior ores.
THE elements in that ore are not there.
He said Mr. Schwab was correct in saying
that while they can make pig iron cheap
or I'm Birmingham, there are no available
ores in that district not already controlled
by present manufacturers
Representative Gardner said the steel
corporations cancellation OF the Hill
lease of the Great Northern ores In. 1915
would be a basis for one new company.
But 1 would urge that there be an ex-
pert analysis of those Hill ores" replied
MIR. Carnegie. II know 1t has cost the
steel corporation millions In trying to
develop those ores.
1T is my opinion that the United States
Steel Corporation is giving up those ores
for no other reason than that they have
come to the conclusion it Is an unprofit-
able investment"
Knox's Partner Subpoenaed.
The committee today served a subpoena
on j. II. Reed of Pittsburgh, Nj Carne-
gies counsel and president of the Steel
Corporations Union and Pittsburgh. Bes-
semer and Lake Erie railroads.
Mr.. Reed was Secretary KnOxs partner
as counsel for the Carnegie company in
1S40-19Q0. when the company IL declared
TO have been party to illegal pools.