The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1912-08-03

the majority of the committee OF the
house of representatives directed more
than a year ago to investigate the
United States Steel corporation Aas
submitted to the house today by Rep
resentattve Stanley OF Kentucky.
chairman Of the committee
The report WAS signed by the chair
man and Representatives Bartlett %
Georgia; McGillicuddy. Maine: Beall,
Texas. and Littleton. New York. DEM
ocrats. Representatives Gardner.
Danforth. New York:
Young. Michigan. and Sterling. ILL.,
nois. republicans. dissented from the
report of the majority. Representa-
tive Sterling submitted his individual
views In minority report and Rep
rcsentativc Littleton. democrat, dis
senting from the recommendations of
the majority for amendments of the
Sherman antitrust law. filed his
views.
Representatives Gardner and Dan
forth will unite In another minority
report which Representative Young
viii sign ana add to II his own find
ings as 10 the facts surrounding the
orga nixation and operation OF the steel
corporation.
Tho Majority Report.
The report of the majority deals
with the steel trust from Its incep-
ton and describes tho various steps
by which J. =. Morgan and his as
sociates built up the corporation. In
addition to recommendat tions for leg
islation suggested as remedial, the
democratic members OF the committee
make general accusations against tho
men responsible for the organization.
j. +. Morgan and his associates are
held up as being the hcneficiarics OF
enormous profits rea lied from tho
over-capitalization of the subsidiary
companies of the steel organization
and later of the corporation itself
Judge u. II. Gary and his dinners to
steel manufacturers are credited with
Il scheme by which prices and terri
tory were controlled by the steel trust
after pooling agreements were dis
carsicd.
Former President Roosevelt IL In
dlctcd for making the control OF tho
steel trust absolute and In charged
with being responsible for the gigantic
stature which the trust has attained.
Enemy OF Labor.
The United States Steel corporation
ls flayed as an enemy of organized
labor. accused OF lowering the
sociological conditions of Its employees
and of contributing to American In
dustry workmen and work methods
un- American and foreign to the best
interests OF labor.
Principal stockholders of the steel
corporation are accused of cxcrting n
powerful and injurious influence on
the business OF the United States by
means of control exercised through In
terlocking directorates OF railway and
Industrial organizations.
J'he activity Of the corporation In
politics liz laid bare and Its Influence
described, and the steel trust" M u
tariff beneficiary and Its part In tho
making of the Payne Aldrieh tariff act
are touched upon by tho democrats
Recommends Legislation.
The committee recommends iegisla-
tiop to cure trust evils and TO meet
existing conditions. II condemns the
steel corporation but does not Invade
the jurisdiction of the United States
court In which there In now pending u
government suit for Its dissolution.
Early In Its report the committee
sets forth that IL would investigate
"as II no proceeding on tho part OF
the United States government were
In a~tA
but not for the purpose Of detenmin-
Ing the questions involved In the ac-
tion brought by the government"
The governments suit II to discover
II the United States Steel corporation
is I'm violation of tho Sherman anti
trust law"
In summing up It's conclusions the
majority report says:
Control Not Approved.
"The control of corporations by the
federal government, as recommended
by Mr. Carnegie. Judge Gary, and
others. IL not approved. Whatever may
be the evil results OF the, eliminu-
tton OF competition from the steel
business. 1t does not Justify such a.
remedy and could not be cured by L..
Such n control, semi-socialistic In lis
nature. In beyond the power vested ny
the constitution In the ,dcral con-
gress.
"The at uses mentioned in this re.
port can In great measure be rem
edied by giving to the operations OF
the United States Steel corporation
and other like corporations the widest
publicity, and by the strict enforce
ment of laws specifically, inhibiting
tho employment Of cunning devices by
which an unfair advantage over COM
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