Evening star. [volume] (Washington, D.C.) 1854-1972, 1912-08-02
Scores Enormous Earnings.

THE enormous earnings of the steel
corporation are due not 10 degree of
Indignation of efficiency not possessed
BY its competitors. but to the ownership
of ore reserves out of all proportion to
its output requirements, and to the
control and operation of common car
Ti.Ts. divisions of rates and the liberal
allowances obtained from other concerns
through inequtable and inordinate ter
Ininal allowances. The business Of pro
duction and transportation should be alb
Solutely separate and distinct. and no in
dustrial concern should be permitted TO
own operate an interstate carrier.
The Attorney General OF the United
States and his subordinates should not
lie permitted 10 exercise an absolute dis
erection as TO the institution proceed
ings under the act of July ], 1886, known
as the Sherman antitrust act or other
acts prohibiting combinations in restraint
OF trade The parties injuriously affect
cd BY such combinations should have ac-
cess to the courts, and the benefit OF
adequate and sufficient remedies for
wrongs inflicted by such combinations.
The legislation recommended by the
majority consists Of three bills. one
of them, commonly known as the
l;randeis bill is designed 10 give an
injured party the right TO institute
suit TO prevent the organization of
combination in restraint of trade. This
hill also transfers the burden OF proof
10 the defendant corporation to show
that il is combination within "rea-
sonable restraint of trade. The bill
recommended by the committee has
long been pending before Congress.
having been introduced by Senator La
Follette and Representative Lenroot-
Another bill would provide that mo
person who is engaged as an individual
or as a member Of d partnership, or
as a director or other officer. or an
emrloye Of a corporation, in the bust
ress. in whole or III part. Of manu-
featuring or selling railroad cars or
locomotives railroad rails or
structural steel. or mining ard selling
coal SHALL act director or other
officer or employe Of any railroad
commerce business
The third bill is intended to hit at
the system CT interlOckinS directorates
and would separate industrial from
railroad business.
Work of the Committee.
IN, steel trust investigating committee
was authorized TO begin its work May 4,
1pif since that Gate IL has heard many
witnesses and made many trips Of .nspec-
Ton and investigation Among the wit
nesscs heard have been most OF the great
American financiers Of the present age,
= ith the exception of j. Pierpont Morgan.
Andrew Garage. +. II. Gary. George w.
Perkins. James !. iiili, the late John ".
Gates and othcrs prom merit in the rail-
AZ and steel world Mere heard at length
] lie committee took thousands OF pages
- testimony and spent many thousands
- dollars
During thc progress Of the hearings a
difference of opinion between the chair
man. \. - Stanley. and Representative
Gardner caused near fist fight and at
one stag 81 the proceedings George w.
Perkins If New York WAS threatened
With a jail sentence for declining 10 an
swsr a question TO MS contributions
70 tire republican campaign in 1915.
Later Tho chairman fthe committee Mr.
Stanley. withdrew the question.
n cfort of tho committee 10 master
the moves II tho iinauciers who conceived
and organized tho steel corporation re-
stlted in maze Of figures which show ed
enormous iTofits 70 those who We're in