The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-25
Corey Flatly Contradicts
Testimony of Head of
Steel Corporation.
AID MITS REASON
HE @ u 1T TRUS ST
Question of Authority, and
Finance Committee Upheld
Gary, So He Stepped Down
and Out-Denies That
There Was Any
III Feeling.

New York, Janusry A.--Participa-
ton of subsidiaries of the United States
Steel Corporation in pools organized
to fix prices was known toJudge Ebert
H. Gary, chairman of the corporation.
long before he gave orders that the
pools should be abolished. according
TO William Z. Corey, former president
of the corporation MIR, Corey SO tes-
titled to-day on cross-examination IN
the government suit to dissolve the
combination under the Sherman anti
trust law. The testimony preceded
an acknowledgement by Mr.. Corey
that his resignation as president OF the
corporation in 1910 was the sequei OF
a dispute between himself and Judge
Gary as to who was chief in authority.
and that the finance committee OF the
corporation had upheld Judge Gary
IL gave direct contradiction TO testi-
mony of Chairman Gary before the
Stanley steel investigating committee
that with the exception OF. the ran
com bination." which he said did not
FIX prices. ne had had no knowledge
of the existence of pools and had or
dered them abolished as soon as they
had been brought to his attention
This was in the latter part of 1904.
Knew All About Them.
Mr. Corey swore to-day that Judge
Gary knew about all the pools all the
meetings" Although a meeting OF
the plate and structural pool in 1862
or 1905 was the only one al which he
could distinctly remember that Judge
Gary was present. Mr. Corey said. ne
was sure he was present at other
meetings"
Are you sure that Judge Gary was
present at the structural meeting7"
asked c. A. Severance, attorney Tor
the corporation
bsoluteiy' answered Mr. Corey
Unable TO shake the testimony of the
witness, Mr. Severance held brief
conference with his associate counsel.
You lerf the Steel Corporation with
come ill-feeling toward Judge Gary,
didn't you?" asked Mr. Severance
I'VE were not always in accord. but
don't think il was i'll feeling. re-
piled the witness Mr. Corey then
acknowledges that there had been
question as to whether he vas chief
executive and that the finance com NIT
tee had helped Judge Gary.
Mr.. Corey could not be induced to-
day to alter his previous testimony that
the Tennessee Coal and Iron Company
was steel rail competitor of the Steel
Corporation before it was taken over
by the corporation during the panic
of 1907 with the sanction of President
Roosevelt He said he had opposed
its acquisition on the ground that the
price was too high. John W. Gates
and others who controlled IL had placed
a nuisance value" on the properties
he said. and 1t would have continued
as a competitor of the corporation. II
at had not been taken over.
Persists In Opinion.
Mr.. Corey also persisted to-day in
his opinion that the price paid by the
Steel Corporation for the lease of the
Great Northern ore lands was too
high. although counsel for the Great
Northern ore trustees defendants in
the suit. made every effort to refute mis-
testimony
Rumors became current in Wall
Street to-day that the United Steel
Corporation intended voluntarily to
dissolve. These were denied by Judge
CARY The chairman would not COM
ment on Mr.. Corey's testimony