The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-08-03

Washington, ID. G., Aug. 3-The re
port of the majority of the commit
tee OF the house of representatives dl-
rected more than year ago TO inves
tigate the United States Steel cor
roration, was submitted to the house
today by Representative Stanley, OF
Kentucky, chairman of the commit
tee.
The report was signed by the chair
nan and Representatives Bartlett, OF
Georgia: McGillicuddy, Maine; Beall,
Texas. and Iittleton, New York, DEM
ocrats. Representatives Gardner, OF
Massachusetts; Danforth, New York
Young, Michigan. and Sterling, Him
,is, Republicans, dissented from the
recort of the majority.
Representative Sterling submitted
his individual views in a minority re-
port and Representative Littleton
democrat, dissenting from the rec
concentrations of the majority for
amendment of the Sherman anti
trust law. filed his views.
Representative Gardenr and Dan
forth will unite in another minority
report, which Representative Young
will sign and add to it own ind
ings as to the facts surrounding the
organization and 0. Grafton of the
steel corporation.
From Its Inception
The report of the majority deals
with the steel trust from its inception
and describes the various steGs by
which j 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 men re-
sponsible for the organization.
J. p. Morgan and his associates are
held up as being the beneficiaries OF
enormous profits realized from the
orer-capitalization of the subsidiary
companies of the steel corporation
and later OF the corporation itself.
The Gary Dinners
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 ooling agreements were
discarded.
The United states Steel corporation |
f'ayed as an enemy of organized la |
DOR, accused of lowering the sociolog- |
icai conditions of its employees and
OF contributing to American industry
workmen and work methods un-
American and foreign to the best in
tcrests of labor.
Primo pal stockholdefy 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 i
iiterlocking directorates of railway
snd industrial organizations.
Corporation In Politics
The activity of the corporation in
politics is laid bare and its 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 Demo
Gratis.
The committee recommends legisla.
tion to cure trust evils and to meet
existing conditions. 1t condemns the
steel corporation but does not invade i
the jurisdiction of the United States
court in which there is now pending
government suit for its dissolution.
Early in its report the committee
sets forth that it would investigate
''as If no proceeding on the part of
the United States government were
now pending against said corporation,
tpt not for the purpose of determin-
Ing the questions involved in the ac-
ton brought by the government"
The governments suit is to discov-
er If the United States Steel corpora
tion Is lin violation the Sherman
anti-trust law
Mr. Cfe rIinn,a UtAue
Representative Sterling. of Illinois,
a Republican member of the house '
of inquiry into the United
States Steel corporation. disagreed
aith his colleagues on the commit
lee and submitted the following TO '
The house {
II heartily favor governmental reg ]
ulation of corporations engaged in in Z