The searchlight. [volume] (Culbertson, Mont.) 1902-current, 1912-08-09
FINDINGS SUBMITTED BY REPRE-.
SENTATIVE STANLEY AFTER
YEAR INVESTIGATION.
IN HOUSE COMMITTEE
Remedial Legislation 10 Finally suo.
0ested and Former President
Theodore Roosevelt
Assaiied.

the majority OF the committee of the
house OF representatives directed more
than year ago to investigate the
United States Steel corporation was
submitted to the house by Represents
tive 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, Illinois,
republicans. dissented from the report
OF the majority. Representative
Sterling submitted his individual
views In q minority report and Repre-
sentative Littleton, democrat, dissent
Ing from the recommendations Of the
majority for amendment Of the Sher.
man antitrust law. filed his views.
Representatives Gardner and Dan.
forth will unite in another minority
report which Representative Young
will sign and add to 1t 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 incep-
ton and describes the various steps
by which J. p. Morgan and his as
sociates built up the corporation. In
addition to recommendations for legis-
lation suggested as remedial. the DEM
ocratic members of the committee
make general accusations against the
men responsible for the organization,
]. P. Morgan and his associates are
held up as being the benenciaries of
enormous profits realized from the
over-capitalization of subsidiary COM
panies Of the steel corporation and,
later, Of the corporation itself
Judge E. II. Gary and his dinners to
steel manufacturers are credited with
a scheme by which prices and terri
tory were controlled by the steel trust
after pooling agreements were dis
carded.
Former President Roosevelt 10 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 played as an enemy Of organized
labor. accused Of lowering the socio-
logical conditions of its employees and
of contributing to American industry
workmen and work methods un-Ameri.
can and foreign to the best interests Of
labor.
Principal stockholders Of the steel
corporation are accused Of exerting
a powerful and injurious influence on
the business of the United States by
means Of control exercised through
interlocking directorates Of railway
and Industrial organizations.
The activity Of the corporation In
politics Is laid bare and its influence
and the steel trust" as q
tariff beneficiary and its part in the
OF the Payne-Aldrich tariff act
are touched upon by the democrats.
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 a
government suit for its dissolution.
Early In its report the committee
sets forth that 1t would investigate
as II no proceeding on the part of the
United States government were now
pending"
Washington. d. c. - Tariff revision
legislation. with the passage Of which
congress hopes soon to terminate its
present session Is being pushed for
Complete agreement on Q wool tariff
bill similar to that vetoed by Presi-
dent Taft. last summer, and upon q |
steel and iron tariff. were reached
between the house and senate con.
ference committees.
Formal action on the part of the
senate Ii required to carry out the
agreement on the steel bill. but such
action IL expected at once.
The senate win vote to give up its
steel bill amendments to repeal the
Canadian reciprocity law and the
houses will then be In accord.
On the wool bill the house and sen |
ate compromised within q few min
utes after the conference committee
met. Tho basis of agreement pro-
vides for q raw wool duty of 20 Der
cent. This measure will be taken up |
and passed In the house without delay |
and will then 90 to the senate for |
final ratification.
The house. after some debate, pass
ed q cotton tariff bill which 10 the |
COTTON REVISION BILL. |