The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-01-24
ADMITS PURPOSE
or GARY DINNERS
Corev Tells How Prices Were
Fixed at Famous
Gatherings.
DIFFERS FROM HIS HOST
Judge Gary Has Denied Knowl-
edge of Such Business
Agreements.

New York January 23.-Wiiliam
Ellis Corey, former president of the
limited States Steel Corporation again
a witness to-day il the hearings OF che
government suit to dissolve the corpora
ton under the Sherman antitrust law.
gave further testimony IN support OF
government charges that the corpora
ton is monopolistic combination,
He testified that understandings to
maintain prices were reached at the
famous Gary dinners" given in New
York by Judge r. H Gary, chairman
of the executive board of the Steel
Corporation. at which a large majority
of the steel manufacturers OF the
country were represented.
An Armor-Plate Pool.
He gave testimony. the first adduced
from any witness in the suit. IL was
said as to the existence of an inter
national armor- plate pool IN which
the corporation had participated. He
confirmed in testimony existence OF
plate and structural pool, and de-
cIared Judge Gary had knowledge of it.
He said he himself had given orders
for closing down blast furnaces of the
corporation to maintain the price of
pig iron. He said steel rails sold lower
to foreign consumers than to domestic,
and he furnished testimony intended
to prove that the Tennessee Coal and
Iron Company was a competitor OF the
Steel Corporation in the rail market
prior to its acquisition by the corpora
ton.
Mr.. Corey. who resigned as president
of the corporation in 1910. made IT
plainly evident in his testimony that
he had in many respects ciashed with
Judge Gary and members of the finance
coDnnit-es in matters of policy. lie
declared he had never favored the lease
of the Hill ore lands by the corporation
in 1907 which was abrogated by the
corporation almost cOincidently with
the filing of the present suit
we paid double the price the ores
were worth. he said, adding that the
finance committee had overruled him
on the question Of maintaining prices
through the agency of the Gary dinners.
Mr.. Corey said he had been in favor
of competitive conditions ana tnat
prices were maintained longer than
deemed advisable.
His testimony in regard TO these
dinners was in direct contradiction. u
was pointed out BY counsel to night.
20 what the Steel Corporation said in
its answer to the governments com
plainf This denied that at any OF
aid meetings OF ~ any other time and
place there was any agreement o. under
standing that prices should be main
tanned
Business DIVIDED.
The Gary dinners which began in
1907. took place. the government main
taius. % various pools in maintaining
prices in the steel trade In his test
nony concerning a number Of these
pools. Mr.. Corey said the steel Cor
poration was. represented in the plate
and structural pool BY the Carnegie
steel Company. lie admitted that tho
POOL divided business and imposed pen
aItics when the business Or member
exceeded ifs silotmcnts.
Was 10 known IT the executive OF
nc~a--f tho steel Corporation that sub
sidsnrics Of tl,c corporation were oneT-
afing under tho agreements which you
have dssoribedy" E1srd Judge VI. Dick
irson. chief attorney for ne govern
mort.
Refore Mr. Corey could answer,
counsel FOR thr steel Corporation "n-
lcol - On tho gfound that ine ierfn exc
rutive ~Tlcr-f was indefinite
-Did o. ~ oar kueF about 81
tie did r said ine witness.
Judge Gary, iu ais fesl.rcnJ before
ire STANLEY Steel invest gazing CEN
uiitas. said ne had ngl 81 stop % ne
peois ~ seon - ne learurd 20 ineiF
ex stenoe fis hes 1ft ic- mel On thi-
sun Me Cerey win set1nie he etand
te-BsFrs~ for cre-s-essninaticn-