The Sentinel=record., 1913-01-24
STRENGTHENS THE CASE OF THE GOVERNMENT AGAINST THE
 STEEL TRUST.
CONFIRMS EXISTENCE OF POOL
Former President Of Steel Corpora ton Admits That Steel Rails Are Sold Cheaper Abroad Than to
 Home Customers.

New York Jan. gay William Ellis Corey, former president of the United States Steel corporation, again wit ness today In the hearings of the government suit to dissolve the cor poration under the sherman anti. trust law. gave further testimony in support of government charges that the corporation is monopolistic combination. He testified that understanding" to maintain prices were reached at the famous Gary dinners" given in New York by Judge E. H. Gary chairman UT the executive board or the corporation, at whIck a large majority of steel manufacturers of the country were represented
 He gave testimony, the first ad- duced from any witness in the suit, 1t was said, as to the existence Of an international armor plate pool in which the corporation had participate ed He confirmed in his testimony the existence of a plate and struc- tural pool" and declared Judge Gary had had knowledge of it. He said he himself had given orders for closing down blast furnaces of tine corpora- tion to maintain the price of pig iron. He said steel rails were snld lower to foreign consumers than 10 domestic, and he finished with testi- mony intended 10 prove that the Ten nessee Coal and Iron company was competitor of the steel corporation in the rail market prior to it's ae- quisition by the corporation.
 Mir Corey who resigned as presi- dent of the corporation in 1910. made 1t plain in his testimony that he had in many respects clashed with Judge Gary and members of the finance committee on matters of policy. He declared he had never favored the lease of the Hill ore lands by the corporation in 1907 which was abro- gated by the corporation almost coin cidentally with the filing of the pres ent suit.
 We paid double the price the ores were worth" he said, adding that tho finance committee had oyerruled him.
 On the question of maintaiiiissg prices through the agency of the Gary dinners, Mir Corey said he had been in flavor of competitive eondi- tions," and that prices were main tained longer than l deemed advis- able" His testimony in regard 10 these dinners was in direct eontradic- tion, it was pointed our Dy counsel to- night to what the steel Corporation said in it's answer to the governments complaint. This depLed that lat any of said meetings or at any other time and place. there was any agreement or understanding that prices should be maintained
 The Gary dinners. which began in 1907, took the place, the govern ment maintains. of various pools in maintaining prices in the steel trade. In. his testimony concerning a num- Der of these pools, Mir. Corey said the steel corporation was represents cd in the plate and structural pool by the Carnegie Steel company. He admitted that the pool divided busi- ness and imposed penalties when the business of a member exceeded it's allotments.
 "Was it known at the executive or fees of the steel corporation th1E subsidiaries of the corporation were operating under the agreements which you have described?n asked Judge Jacob Me G. Dickinson. chief attorney for the government.
 Before Mr Corey could answer, counsel for the steel corporation oh- jected on the ground that the term executive offices was indefinite.
 Did +. H. Gary know about it?'
 'FIe did, said the witness.
 Judge Gary in his testimony before sc Stabley Investigating committee said he had put a stop to the poois as soon as he learned of their exis- tence He has not testified in this suit
 MT. Corey will resume the stand ton,arrnxv