Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1914-10-22
is A LAW ABIDING INSTITU-
TIoN SAYS ATTORNEY
FOR COMPANY
DENIES IT IS A MONOPOLY
Has Had Beneficial Effect Upon
Business Life Is One Ar
gument Used.

ID IlIl Al 'Il.fiIIA, oct That
Il the United States Steel corpora
'lou Be- q laW-abldiug institution: that
lis organization has had bcnonclal
effect un the business life OF the coun-
try, that II has toned up and steadicd
the iron and steel industry Of tho
country that IL has hult up a won
derlul forcisn trade, and that 10 was
not formed to create monopoly or
10 suppress competition. are some OF
the things counsel for the corporation
today told the tour Judges who are
hearing arguments In the federal dis
lIict court on the governments suit
io dissolve the buiou-dollar concern.
Nchard Y. IIudabury Of Newark.
N. Ju spoke for five hours I'm defense
OF the corporation after jacob NJ.
Dickinson, chief counsel for the gov
thmrnl, concluded his opening ad
dress
Control Railroads.
Mr. Dickinson. who will close tho
argument for the government in his
'"hcludlng remarks today, went into
the question Of iutcrloCklng Cirector-
"I's lie sand that directors of the
steer corporation at various times
were directors Of railroad capitals
Nhlch controlled about half the rail
road mileage In the United states n,
gave Instances taken from the records
OF the case whore steel directors sit
ing as railroad directors had an an
parent lntlu'nCc i'm steering business
IN the direction of the steel corpora
tion.
Mr Lindabury in opening for tho
defense, contcndcd that the form.
upu OF the corporation was a natural
result Of conditions i'm the ndustr,
ana mat there was no thought of mo-
uopoy or of rdslraiulng trade when
Nv nlg corporation was chartered iu
.I'" Jersey In 1901 There was no
,houBht IN the MIND Of Andrew Car
h'gle when he sold his interest I'm -,
"rHrsle company 10 the new cor
porallon mat a monopoly WAS Ia bs
created, Mr. Lindabury said.
Mr.. Carncgio's offer to sell his in
,'T'st counsel added. was NOT
pased upon desire to enter a combi-
ndllon' nut upon desire TO retire
from business and devote his life ana
means To philanthropic purposes"
MI IAndabury expects 10 conclude
ms argument tomorrow. whom no viii
ne followed by Henry Il. Cotton spr.
'laI assistant 10 the attorney general
VINO Will speak on the acquisition by
the steel corporation OF the ore lands
iu the northwest
Mf. Iindabury told the defenso'S
N'ISIou or the formation OF the steel
Doi PoIauon. lie said that when It
vas I"Ihcd thete was no thought of
monopoly and no thought of sun-
pressing competition. Tho onW
thought OF the promoters was ia bava
pants that could take the raw mate
iIal ana lay down the finished pro-
duct nj homo and abroad at prices
lilit could not be bcttered bv nther
manufacturers. Mr.. Lindabury added
10 provo this, he called the attention
OF The court to the steel corporottor,s
statement that neither the Canbria
pennsylvania, Lackawanna nor Retb'
l'hem steel companies were tt,to,
INTO the combination.
Not Overapitalizcd.
counsel for tho defense denied that
me steel corporation was overcapitoI-
lIeu' MT Llndabury, in summing M,
mat part or his argument relating 10
Ihe actual formation Of the corpora.
ton, said:
The organization was bur n pat,r,l
una una normal development from exist.
ing trade and manufacturing conot-
liohs and was only notable because or
me iargenees of tho conception which
uhuerlay II and the courage exhibited
" undertaking to carry II out But
aplilty 10 think large and courage 10
execute The thought are not CON
demned by tho law. Indeed the IN
ture prosperity OF our country and its
standing among the nations must ia
pend In large measure upon the on
couragement given TO these attributes
VI the American business man"
proceeding to the later conduc, n,
the steel corporation, Mr. LlnJaburv
sald that II had effected uraat
economies In the manufacture and
distribution OF steel products
Nearly 100000 600 OF foreign
money, he said now flows into t6is
country every year for iron and stceI
products manufs ctured IN the United
SIates. Not only does the I'nitad
states Steel Products company wbtcb
handles the foreign business Of tba
steel corporation. seek business for
i'Seli, but II has always lent a b.5n-
ing hand 10 other exporters 10 fina
foreign markets, Nj. Lindabury said