Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1912-08-02
House Majority Report is
Severe in Its Con-
demnation.
COL. ROOSEVELT IS HIT
Former President Blamed for
Making Control of Combi-
nation Absolute.

Washington. Aug, 2.-Tbe report of
the majority OF the committee of the
house Of representatives directed mere
than year ago to investigate the
United States Steel corporation was
submitted to the house today by Rep
resentative Stanley Of Kentucky,
The report was signed by the chair
man and Representation Bartlett OF
Georgia; McGillicuddy. Maine; Beall,
Texas, and Littleton. New York. dem
ocrats; Representatives Gardner, Mas
sachusetts; Dantorth. New York;
Young, Michigan, and Sterling, ILL
nois, republicans. dissented from the
report OF the majority. Representa-
tive Sterling submitted his Individual
views in a minority report and Repre-
sentative Ijttleton. democrat, dissent
ing from the recommendation OF the
majority for amendment OF the Sher-
man antitrust law, filed his views.
Representative Gardner and Dan
forth will unite In another minority
report which Representative Young
will sign and add to It his own find
ings as to the facts surrounding the
organization and operation of the
steel corporation.
The report OF the majority deals
with the steel trust from its inception
and describes the various steps by
which ]. p Morgan and his associates
built up the corporation In addition
TO recommendations for legislation
suggested as remedial. the democratic
members OF the committee make gen
eral accusations against the mRntre-
sponsible for the orgaRiSatjon = 90
MORGAN BENEFICIARY.
j p Morgan and his associates are
held up as being the benefciaries Of
enormous profits realized from the
Over-capitaliZation OF the subsidiary
companies OF the steel corporation
and later Of the corporation itself
Judge z. II. Gary and his dinners to
steel manufacturers are credited with
scheme by which prices and terri
tory we're controlled by the steel trust
after pooling agreements were dis
Carded
Former President Roosevelt Is IN
dicted for making the control Of the
steel trust absolute and is charged
with being responsible for the gigan
tic stature which the trust has at
tanned
The United States Steel corporation
IL hayed as an enemy OF organized Ia
bor. accused OF lowering the sociological
conditions OF its employees and Of con
trlbuting 10 American industry work
mon and work methods un-Americar
and foreign to the best interests oi
labor.
Principal stockholders OF the stee
corporation are accused OF exertinl
powerful and Injurious influence or
the business OF the United States b!
means OF control exercised through
interlocking directorates OF railway
and Industrial organizations.
OTHERS IN POLITICS.
The activity Of the corporation fl
politics Is laid bare and its influence
described. and the steel trust" as 1
tariff beneficiary and its part in th'
making OF the Payne-Aldrich tariff
act are touched upon by the demo
Gratis
The committee recommends legisla
ton TO cure trust evils and to NEE
existing conditions II condemns tn,
steel corporation but does not invad,
the Jurisdiction OF the United State
court in which there is now pending
a government suit for its dissolution
Early in it's report the committe'
sets forth that II would investigate "a
~ no proceeding on the part OF tn,
United States government were nov
pending against said corporation. bu
not for the purpose of determining tn
questions involved in the actiol
brought by the government"
The governments suit is to discove
II the United States Steel corporation
Is "in violation OF the Sherman ant
trust law"
In summing up its conclusions tn
majority report says:
CONTROL NOT APPROVED.
The control OF corporations by th
federal government as recOmmende
by Mr. Carnegie. Judge Gary and 9th
ers, Is not approved. Whatever ma
be the EVIL results OF the elimination Q
competition from the steel business.
does not Justify such a remedy an
could not be cured by H. Such col
troll. semi-socialistic in its nature,
beyond the power vested by the col
stitution in the federal congress.
The abuses mentioned in this n
port can in a great measure be RENE
died by giving TO the operations c
the United States Steel eorporatio
and other like corporations the wides
publicity. and by the strict enforc,
ment Of laws specifically inhibitin