The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-05-13
Steel Combine Not Or
ganized to Suppress
Competitors.
AIM TO DEVELOP
FOREIGN FIELDS
AS First Witness for Defense in
Dissolution Suit, He Tells
How Business Has Grown in
Markets Which Could Not
Have Been Reached
Otherwise.
Special to The rimes-Dispntoh. !

Especial to The Times Dispatch.
New York, May 12.--The United
States Steel Corporation was pictured
to-day by James a. Farrell. Its presi-
dent as n combination organized not
TO suppress competitors, but to de-
velop the sale of steel in foreign lands
development which could not have
been accomplished, he satd. IL tho cor
poration had not taken the various
companies competing for foreign busi-
ness under It's wing. lie was testify.
Ing AS the first Witness for the defense
in the government suit TO dissolve the
corporation as n combination I'm re.
straint OF trade.
Mr. Farrell amazed his hearers by
his intimate knowledge OF affairs In
remote parts OF the world, and held
them keenly interested as he mar
rated the story OF his rise from com
mon laborer in steel mill at the age
OF fifteen to De the head OF tho great
est Industrial corporation in tho world
mt the age OF hfty.
In answer to the questions OF C. a.
Severance. OF counsel for the corpor-
alton. Afr. Farrell said he entered. the
steel business at the age OF fifteen
years as a laborer In a steel mill in
New Haven. Conn. AT nineteen years
he went TO Pittsburgh. and worked as
wire drawer At twenty-one he
twenty three a salesman From this
position he was promoted 10 saies
manager at the age OF twenty nine.
and four years later became general
manager of the Pittsburgh Wire Com
pany.
Finally Made President.
This company was subsequently,
taken over by the American Steel and
Wire Company, one OF the present sub
salaries OF the steel Corporation.
Later he became foreign sales agent
Ills next step upward was the presi-
dency of the United States Steel Prod
ucts Company, another subsidiary OF
the so-cailed trust 10 which he was
elected In 1909. He became president
snd director of The parent corporation.
his present position. in 1911
Mr.. Farrell said the Pittsburgh COM
pany. while under his management.
was sold 10 the American Steel and
Wire Company, Jersey corporation.
FOR Si,loo.000. although the original
capital OF the company was 1850 OOO
Mr.. Farrell after the American Steel
End Wire Company took over the old
company, became foreign representa-
tive OF the company, and remained in
that position until the formation OF
the United States Steel Company.
Mr. Farrell said he handled the en-
tire business OF the steel company, both
In buying and selling the raw mate
rial other than its legal and financial
management"
The witness said the International
Harvester Company was not large
buyer from the Steel Corporation per-
hans 10 per cent OF Its entire needs.
It's annual requirement is about 1900
tons. and some OF this IT produces. The
Illinois Steel Company. q subsidiary of
the Steel Corporation. partly supplied
Its needs Some years tho company
did not sell 1t n pound OF steel.
Did the Carnegie Steel Company
sell the international Harvester Com
pany any OF Its products?" asked coun-
sci.
Yes, in 1908. $50 tons; nothing In
1904. 1905. 1906, 1907. 1908; in 1909,
6,2oo tons; nothing in 1910; In 1911,
$4,000 tons. and nothing in 1912" re-
piled the witness. p
Mr.. Farrell said one OF the great adj
vnnces In the cost OF production was
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