The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1912-08-03
ROOSEVELT IS
HELD TO BLAME
Charged With Making Stee
Trust Control Absolute.
REPORT OF INVESTIGATORS
Billion Dollar Corporation Aoused o.
Un-American Methods, Foreign te
the Best Interests of Labor-Mor
gan, Gary and Others Flsyed.


Washington, Aug. 3.-Former Presi
dent Roosevelt is indicted for making
the control of the steel trust" abso
lutte and the United States Steel cor
poration is fiayed as an enemy of labo.
In the majority report of the Stanl
steel trust" investigation commit
of the house
Methods un-American and foreigI
to the best interests of labor" are laiLI
at the door of the corporation and it il
accused of lowering the sociological
conditions of its employees.
]. p. Morgan and his associates are
held up as being the benefciaries OF
enormous profits realized from the
overcapitalization of the subsidiary
companies and later of the corporation
itself.
Judge K. II. Gary and his dinners tc
steel manufacturers are credited with
a scheme by which prices and terri
tory were controlled by the trust after
pooling agreements were discarded.
Principal stockholders of the cor
poration are accused of exerting al
powerful and injurious influence ou
the business of the United States by
means of control exercised through in.
terlocking directorates of railway and|
Industrial organizations.
The activity of the corporation in
politics Is laid bare and its influence
described. The trust as tariff bene
hciary is touched upon by the Demo
Gratis.
Several Reports Submitted.
The ns,orlry report was slsuvu ~
ahas~-aaa aps Dax-asa~e4o fsrrs>.I
Bartlett of Georfia, McGilliouddy of
Maine, Beall of Texas and Littleton OF
New York, Democrats. Representa-
tives Gardner of Massachusetts,, Dan.
forth OF New York, Young of Michi-
gan and Sterling of Illinois, Republic
ans, dissentsd from the report OF the
majority. Representative Sterling sub
mitted his individual views I'm a mi
nority report and Representative Lit.
tleton, Democrat, dissenting from the
recommendations of the majority for
amendment of the Sherman anti-trus.
law, filed his views.
The reports all refrain directly from
expressing the opinion that the Unit
cd States Steel corporation has violat-
ed the Sherman law. An agreement
to omit reference to this phase of their
investigation was reached because OF
the present pendency of the govern
ment's suit to dissolve the corpora
tion.
The majority ssport, however, bris-
ties with denanciation of the com
bine's method of Sitting competi-
tion,' of "exerting monopoly" and Of
controlling prices" through owner
ship of railroads and practical monop-
oily of al! the ore fields now available.
Remedial Legislation Suggested.
Three bills, outlining trust curbs.
were presented with the report. One
provides for amendment OF the Sher-
man law to place the burden OF proof
upon defendant corporations charged
with restraint OF trade. Control OF
80 per cent OF any business is made
prima facie evidence OF suit. Another
provision gives each state and any
| individual the right to bring injunc.
tion suits against a trust.
A second bill is designed to pre-
vent "interlocking directorates- among
| railroad and industrial corporations
1t is proposed to prohibit ans ofticer
| or employe OF an industrial x..pora
tion in the coal industry or manufac
ture of structural steel and rolling
stock, from acting in similar ca
pacity for railroad.
Anctkns bill seeks divorce OF In
dustrial and common carriers by pro
hibiting mining or manufacturing com
panies from owning stock in any car
rier.
The committee also recommends
that the bureau OF corporations report
to congress In addition to the presi
dent, providing publicity OF corporate
II L