Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1912-08-09
STANLEY PROBERS
FLAY STEEL TRUST
MAJORITY REPORT DENoUNcEs
THE COMBINE AS AN ENEMY
OF UNION LABOR.
CONDEMNS MORGAN PROFITS
Charges Roosevelt With Growth of
Monopoly and Holds Gary Din
ners Responsible for the
Control of Prices.
tCopyright.)

Washington, D. C.-Flaying the
steel trust as an enemy of organized
labor, accusing it OF lowering sociolog-
ical conditions of its employees and
contributing to American industry,
workmen and work methods un-Amer-
ican and foreign to the best interests
of labor, the report of the majority of
the Stanley steel probe committee of
the house of representatives has just
been submitted to the house.
Condemns Morgan Profits.
The report also hits j. P. Morgan
and associates hard for being .benefi.
Charles of enormous profits due to
overcapitalization of subsidiary COM
panies of the steel corporation, and
Judge e. H. Gary and his dinners are
credited with a scheme by which
prices and territory were controlled
by the steel corporation after pooling
agreements were discarded
Former President Roosevelt is in
dicted for making control of the steel
trust absolute and is charged with be-
ing responsible for the gigantic stat
ure which the trust has attained.
The report was presented by the
chairman of the committee Represen-
tative Stanley of Kentucky. 1t was
more than year ago that the inquiry
began.
The report of the majority deals
with the steel trust from it's 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 men re-
sponsible for the organization.
Principal stockholders of the steel
corporation are accused of exerting
powerful and injurious influence on
the business of the United States by
means of control exercised through
int. ocking directorates of railway
and industrial organizations.
The activity of the corporation in
politics is laid bare and it's influence
described, and the steel trust as
tariff beneficiary and it's part in the
making of the Payne-Aldrich tariff act
are touched by the Democrats.
The committee recommends legisla-
tion 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.
Sums Up Conclusions.
In summing up its conclusions, the
majority report says:
The control of corporal tions by the fed
eral government is not approved What
ever may be the evil results of the elm
ination of competition from the steel
business; 1T does not justify such a remedy
and could not be cured by 1t. Such q
control. semi -socialistic in it's nature, is
beyond the power vested by the consti-
tuition in the federal congress.
The abuses can in great measure be
remedied by giving to the operations of
the United States Steel Corporation and
other like corporations the widest pub
licity, and by the strict enforcement of
laws specifically inhibitlng the employ
ment of cunning devices by which an un-
fair advantage over competitors is Sc
cured.
The bureau of corporations possesses
the authority to thoroughly investigate
the internal affairs of industrial concerns
doing an interstate business. Had the
character of the steel corporation and the
nature and the extent of it's operations
been known to the people and to the pres
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Women Attack Sir Rufus.
Reading, ngland.-Attorney Gen
eral Sir Rufus Isaacs, by his fore
sight in providing himself with body.
guard, saved himself from unpleasant
consequences of an attack upon him
by suffragists at the dedication of a
new police court building here.
The suffragists massed themselves
and rushed the guard in football for
nation.
The woman who led them got
through and nearly landed blow
in Sir Rufus face. She was dragged
back before she quite succeeded.