The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-01-13
Gets ~ a Day and Expenses.
of $3.50 for 1estifying
Before Committee
GIVES THEM GOOD.
ADVICE ON GOING
Says He Has Enjoyed His
Trip and Will Call Again
Provided His Coun-
sci viii Let Him

w Jdu- AS.-huInlI~
ting that he gave $4,000 10 the anti
imperiaiists In the campaign Of 1900,
put disciaiming any knowledge that
this sum was uxeo to defeat Presi-
gent Mckinley for reelection. An
ofGW Carnegie concluded his testi-
fndny before the Stanley Investigating
committee today. He said that he
favored the Roosevelt plan of leav-
ing the trusts u MAINTAIN their Or
ganization. rather than to break them
up. In response to one IT the last
questions put to him. he said that
he could see where stock gambling
by officers Of big corporations would
lead to grave abuses and was In
ciined to favor law prohibiting them
from buying or selling the securities
OF their own companies.
Before Mr.. Carnegie left he said
ne had come TO washington with
dread. but had really enjoyed him.
se1 while he was here. He prom.
tsed to come voluntarily next time
the committee neeuea him.
Mr.. Carnegie got from the pay
master OF the House a check Tor
txs,so before he left--two dollars
day Tor each Of the three dayn Ia
and S2z.50 for expenses. Ha
announced his intention OF framing
the check and hanging Il up In his
house In Fifth avenue.
When Mr.. Carnegie WAS excused
ne rose and, addressing the commit
tee, he said:
Hopes Ihey VIII Take Advtca.
part with the hope thar you
Viii follow my ADVICE to thu extent
that you will proceed step BY stem
oet your comnerce court organ
Yea. and then await results. 1 snau
MSS your smiling. happy faces, and
!, nope when ! am sone YOU will Ray.
some things after all And al snon
By you call me Z shall coma hack--
That Is, II my counsel oonsensk-
Nspresentaise Gardner, Of Nassa-
chusetts, told NJ. Ca1paysA that ia
nEo I've plans undaF cCas.Hsr III n I
kor the consroi OF trustx one n.
called the Roosevelt plan" whir.,
sontempiates strict reguiatlye meas
Tres. ano the 9th II Is President Tzrr
plan Tor dissolution.
want your opinion. Nj. Car. ,
reggie, said GardBer.
Il am Inclined TO exres with r,o,o
ael Roosevelt replied Mr.. Carnegie
tank xou shoal. pass laws res-I- I
arng corporate rs I do not think I
hs Sherman law is drastic enourh "
10 you believe, for instance. tha.
ne otssoiuton OF the Steel Corpora /
son would iessen the price Of steeirs
asked Gardner.
do not. 1t depends. OF course,
on the courts. said Carnegie. The |
pan - To have responsible
20 ta1islSSls'n ok ,r IsaaAisaaUsnq4p prices. -.
suppose manufacturers accept thu
lasAahasn price and fail to reduce
prices when they can manufactures !
cheaper" asked Stanley. |,
Inc commission, I sugxest-- wopra i
over the maximum. You will have /,
brought about far better condition
1eeween capital and fabor,'" said Car :,
reggie, rising in his enthusiasm. "Judsa
sary. of the Steel Corporation. be-
,ame convinced OF this after csref,,,
bought. He is q good man and wanta
% 40 business legally" t,
About Moral Law. |,
Don't you think" asked Bartlett.
.that moral law should restrain men
rom organizing monopoly."
If you allow monopoly without
aw to restrain ii, you deserve to bs
'narged high" answered Carnegie.
The law against larceny s camel
lown from Mount Sinai" commented
Bartlett.
es. but II has been revised many
in.es." retorted Carnegie
There came a time, Mr., Carneeie-
10 there not" asked Stanley, when /
nth z. Il. Gary at the head OF one /
oncern. John w. Gates, heading an
'ther. and J. p. Morgan. the rod
atner OF all. you felt It necessary to '
'efire TO escape destruction? - IL
"Oh, what nonsense" said Carne- IL
fe, Indignantly. Why. Morgan tried y
0 buy US OUT {
State OF His Health. II
Il understand II was the stata or
tanley. - = E : $ 80 : - al
Mr.. carnegie laughed. IT could
Ill take sustenanoe. They approach
me when i had laid down a law
hat would not spend my old age
a making dollars. have since
ecoEnized that the labor OF trying 10 |
istribute money wisely 10 xreatert
han that Of making It. / don't IKE
ba called pilifanthropfst.- TT +.
,uHaS like having mora uannay.- than | c
raaia - d.
II want to ask you about your
ght-hour day labor IN Homestead"
lid Stanley.
"You must ask Charlie schwab
bout that" returned Carnegie. quick {
Would It be better now to employ y
len eight hours day instead Of
vetver" asked Stanley. e
"echwab told me recently" said :
arneEte. 'hfs furnace men pre- y
rred to work twelve Anurn.~ =