The Washington times., 1912-01-12
CARNEGIE FAVORS
ROOSEVELT PLAN
TO CURB TRUSTS
Ironmaster Disagrees With
Taft's Regulation
Policy.
CONTINUED from First page.)

NSohhthhuSN AiOtb Ethot 1o8C.J
you gentlemen won't sit down and make
It. ! believe my successors in the steel
business are anxious to get law SO
clear that there can be no mistake.
Have q commission which can go to 9
books; bring this and that
IF you allow monopoly. you deserve
to be charged high" added Mr.. Carne-
Members Of the committee looked sur
prised and then smiled as they realised
the import Of the Carnegie reasoning.
Ought business men to have no con-
science? Is there no moral obligation
on the part Of these industrial manufac.
wonderingly inquired Mr.. Bartlett.
On the contrary" answered Car
negte. men appointed to run q busl-
ness for hundreds of shareholders wfll
do their best to get the best profits
mo statute law?" asked Bartlett.
All Laws Alike To Him.
mo law on the books" explained
Carnegie. "All law is the same to me.
don't know tho difference between
statute law and this Sherman law"
THE Sherman law is statute law"
said Bartlett.
''Oh." observed artful Andy.
You do not consider moral law?"
continued Mr. Bartlett.
You cannot trust human nature as
long as q man believes he IL within the
'If there were no law against larceny,
pressed Bartlett. "
"If We had no law against larceny we
would have SO many larcenies We would
Pressing his point Of "morai obiiga.
tion" on the part Of big business. Con-
gressman Bartlett. as q clincher, said:
I'VE have the law of Mt. Sinai"
times" said Carnegie, amid laughter.
When did business make up Its mind
that governmental regulation Of prices
Is necessary
people would not stand for these combi.
nations which fix prices" frankly ac-
knowledged the millionaire.
THE present law is not half drastic
enough" continued Carnegie.
us "s9me % o. say say, it's too drastic" inter
ITS negative" said Carnegie. III
says don't do this and that. You want
a positive law-positive action. YOU
want a law to fix maximum prices"
reasonable in the law"
"Tush. you can't agree on reason
"But We certainly should not permit
tions heretofore" said Bartlett.
IT am with You on that" replied thu
Scotchman. 'You need something. Yo,
need another law. The law you have
is not clear enough. now?"
Suggests Trust Control.
Mr.. Carnegie and Congressman Gard
ner had q lengthy colloquy over tn,
better plan for trust control. Mr.. Gard
ner suggested the two plans-disintegra
tion Of large combinations and Govern
mental control Of prices.
Mr.. Carnegie adhered tenaciously T.
an Industrial commission to fix maxi
"if you break up these big comb
nations" said Mr.. Carnegie. they will
be driven to operate in separate com
panies. regulating prices and output b!
agreement. The consumer under suci
circumstances. would not be the gain
er in the long run.
Years ago; there was chaos in & tn
negie. "The Interstate Commerce Com
ct us apply the same principle to th'
Industrial world. why isn't that 1
pre- ctical plan. Let the industrial com
mission look over the books every month
Judge Bartlett declared that forme
methods Of fixing prices by agreemen
were "odious."
'"Amen." said Carnegie.
Stormy Session.
When Andrew Carnegie resumed th'
stand before the Stanley committee to
day, 1t was with the fervent hop'
that the session would be more peaceful
than that Of yesterday afternoon. which
In storminess WED with the elementl
outside.
Hard pressed bv Representative Nc
Giiiicuddy Of Maine. Mr.. Carnegie ad
mitted that he had recommended Phil
ander c. Knox. for ten years attorne:
for the Carnegie company. for the posi-
ton of Attorney General under Presi
dent Mckinley. Mr.. Knox got the ap
pointment.
Mr.. Carnegie. after verbal due
with members Of the committee, also de
clared that during the ten years MI
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