Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-01-24
International Has Boycott on United
States Steel Corporation.
DENIES CHARGE OF MONOPOLY
President of Huge Combine Says it
is Not Possible.
EXPORT TRADE IS NOT VITAL
Asserts th.t Il is Not Purpose of the
Corporation to Attempt TO Secure
Control of Foreign
Business.

Eeii, president OF tue United states Stee
corporation. surprised the Stanley steel
trust investigating committee today with
the statement that the steel corporation
and the International Harvester company
have had no dealings with each other
fer period o: five or six years.
The information. coming On the eve OF
proposed investigation fthe harvester
company by congress. in which 1t is
sought to show as one existing condition
that the harvester company and the steel
corporation have interlocking directors
and that the later gives rebates to the
former on steel. was doubly surprising.
Representative McGnllcuddy OF Maine
questioned President Farrell about the
export business OF the steel corporation
and rebates given to certain companies.
Isn't II fact that the harvester COM
nany gets larger rebates than are granted
to smaller concerns" Mr.. McGillicuddy
asked.
I'VE have done no business whatever
with the International Harvester company
for five or six years" Mr.. Farrell re-
piled. THE International Harvester COM
pany has had a boycott on this corpora
ton. 1t al grew out OF a controversy with
one of our subsidiary companies and the
harvester company, It. started as a mere
bubble between statesmen and resulted In
complete severance of business rela-
lions There is nothing in common be-
,vae, ms Wa don't do business with
,h.r,n
A.onn ,ha hoard q, arse,ors of the
,,.,,aa So. s,.aI cor,,,,a,,or are VI.
-. II 60 naorvo Rsk.r a~o,gs
w parr,ns IA Norman a R.am ali
- a,.o - a,rao,or. =, ,ns Inter-
n.,tn,a, IIary.stsr comnanv Mr.. Gary
=" a,,.,..,, =, ~. h,ar5 !, she ITrl,sd
60 g., n,r,o,a,Ion ana Mr. Per.
-. !. ...t.,,o,, q, ,ha f,nanc. comm,,-
- :, ,ha In,srnst,oral Harvester com
many
tSr.sta.,,, Earrau waa interrocated Mt
,.r.,h re,a,ive to n reported interna-
,,a.a, orgarlxat,an AZ xsesl manufaet.
urers 10 control the price, Of steel rails
lie expIaIned that European manufsct-
urers had such an organization, but the
United states steel corporation was not
a party TO Il. .I
Asked by Mr.. Beall II officials OF the
steeel corporation, when they decided to
change prices, were not bound to tell
their competitors President Farreii an
swered In the negative
There Is no understanding that such
notification should be given, ne con-
tinued. Whenever change OF prices is
made competitors find II out IN ten MN
utes. II should meet eompeutor oh
the street or at lunch would ho, hes''
tate TO tell him thst we were so,hs 70
make change In pohey' II one hso peeh
decided upon.
President Farrell Denied III Response
to questions BY chairman stanieS' tha'
the steer eorporauo,i sase a,,' - -
or discounts 10 'ne S'anua'o o'' e''''p"'A'
on YIN plates ior eshs'
The minutes OF inc eaines'e eon'.
pany, MI STANLEY saiu' sho" u'at
rebates were given the s'ahoaro vi
company on TN plates
Before. or after the tormatioh OF the
steel corporation Attorney Reed asked
"Afterward," the chairman said
"Since / have been president of the
steel corporation" Mr.. Farrell said, AL
tin plate has, been sold to the Standard
Oil companyandall other companies at
flat price"
Representative Gardner sought an
explanation OF the fact that the price
Of standard steel rails had remained at
s,s per ton for ten years when the price
~ ALI other steel products had fluctuated.
Mr.. Farrell explained that the SIS figure
for Years had been regarded as a fair
nr,cs and hacause the cost NJ mann.
,ac,yrs q, rails had steadily Increased
~, or., ,ro,,,d lower the nriee
np,,. n.h,, don,, vou raise the nr{cs,,.
NJ c.rdnsr askad
a.. IN -, ..
,, 'a - -, -. -,
MI faiIeh ~ 'n , W
W. isi'a'i - - -, 80 - ~"
,'eNu0Ie ~, = -. .-,. !. -.
nos " ,a. =, .r-.. 'I -, -. a. ~. -.
s-', = -
~ -, ...,,., r..,a.,.
49,. ,,sa, ,ha I-r,,ad s,.,as s,a.I prod-
80 ,.,r,r.r,, ,ha srhs,dIo,,, c,...,a,,,,
hara,,,g ,ha sorsisn hus,ness n, ,h. cor
nora,,on oun.d a steamship linz known
a. ,ba Istbmian STEAMSHIP comnanv
Witch ,bsv were forced 10 build because
they could get none of the steamship