Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1912-08-03
Democratic Members Of the
Stanley Committee Give
Findings of Investigation
Which Consumed Year.
COL. ROOSEVELT AND
MORGAN CRITICISED
Financier and Associates
Held Beneficialiesof Wat
cred Stocks; Colonel
Made Trust Absolute.

| Washington, July 3o.-The report OF
the majority OF the committee OF the
mousse OF representatives directed
more than a year ago to investigate
the United States Steel Corporation
was submitted to the house today by
Representative Stanley. of Kentucky.
chairman of the committee.
The report was signed by the chair.
man and Representatives Bartlett, OF
Georgia; McGillicuddy, Maine; Beall,
Texas and Littleton, New York, demo.
Gratis. representatives Gardner, Mas.
sachusetts; Danforth, New York;
Young, Michigan, and Sterling, iii
nois; republicans. dissented from thu
report of the majority.
Representative Sterling submitted
his individual views in minority re
port and Representative Littleton
democrat, dissenting from the recon-
mendat1ons OF the majority for amend
ment OF the Sherman ANTITRUST law
filed his views.
Representatives Gardner and Dan
forth united In another minority re
port which Representative Young will
signed, adding his own findings al
to the facts surrounding the organiza
ton and operation OF the steel cor.
operation. .s1.s Il g. 4. M n
4 The report Of the majority deal,
with the Steel trust from Its inception
and describes the various steps by
which y F. Morgan and his associates
QUILT up the corporation. In addition
to recommendations for legislation
suggested as remedial, the democratic
members OF the committee make gen.
eral accusations against the men re-
spons1ble for the organization.
Morgan and Roosevelt Hit.
]. P. Morgan and his associates are
held up as being the beneficiaries OF
enormous profits realized from the
over-capitalization OF the subsidiary
companies OF the steel corporation
and matter of the corporation itself.
Judge e. H. Gary and his dinners
to steel manufacturers are credited
with a scheme by which prices and
territory were controlled by the steel
trust after pooling agreements were
discarded.
Former President Roosevelt is in
dicted for making the control Of the
steel trust absolute and is charged
with being responsible for the gigantic
stature which the trust has attained.
The United States Steel corporation
is flayed as an enemy OF organized
labor, accused Of lowering the sociolo-
gtcal conditions of its employees and Of
contributing to American industry
workmen and work methods un-Ameri.
can and foreasn to the best interests
Of labor.
Principal stockholders OF the steel
corporation are accused OF exerting q
powerful and Injurious influence on
the business Of the United States by
means OF control exercised through
tnterlocking directorates of railway
and industrial organizations.
The activity of the corporation in
politics Is laid bare and it's influence
described, and the "steel trust" as a
tariff beneficiary and its part in the
making of the Payne-Aldrich tariff act
are touched upon by the democrats.
Government Suit Now Pending.
The committee recommends legisla-
ton to cure trust evils and to meet
existing conditions. 1t condemns the
steel corporation but does not invade
the jurisdiction Of the United States
court In which there is now pending
government suit for It's dissolution.
Early in its report the committee
sets forth that it would investigate
"as II no proceeding on the part Of the
United States government were now
pending against said corporation, but
not for the purpose of determining the
questions involved in the action
brought by the government"
The governments suit is to dis
cover IL the United States Steel cor
poration is "in violation OF the Sher.
man antitrust law"
In summing up its conclusions the
majority report says:
Federal Control Opposed.
The control Of corporations by the
federal government, as recommended
by Mr.. Carnegie, Judge Gary, and
others, is not approved Whatever may
be the evil results Of the elimination
of competition from the steel bust.
ness, it does not justify such remedy
and could not be cured by it. Such
control, semi-socialistic In its nature,
is beyond the power vested by the
constitution In the federal congress-.
THE abuses mentioned in this re-
port can in great measure be rem.
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