The Birmingham age-herald., 1914-10-21
STEEL CORPORATION DISSOLUTION SUIT IS .0N IN PHILADELPHIA
Dickinson Takes Up Entire Day in Presenting Prose cution-Hist0ry of Cor
 pOrati0n Is Reviewed

Philadelphia. October 2O.---Areument in the federal governments suit to break up the United states Steel cor porstion into independent units on the ground that their combination consti- tutes . violation of the antitrust laws was begun here today before four judges sitting as the United states supreme court for the district of New Jersey.
 Jacob M. Dickinson. former secretary of war. in charge of the governments case since it was instituted in October. 1911, took up tho entire day in present. ing the prosecution. He reviewed testi- mony given in the investigations of the corporation by the department of justice. the federal bureau of corporations and congressional committees Much of this evidence already had been made public.
 Tells of Competition
 Mir. Dickinson told the court that the billion dollar corporation, in magnitude and strength is the greatest combination of capital ever brought together under one control He began his argument by going back more than score of years into the history of the American indus tries. He told of the sharp competition that then existed in the iron, steel, tin plate and kindred industries; of how pools were formed in the steel rail field and how agreements were made among manufac- turers of iron and steel to keep up prices; how these pools dried up and agreements were broken; how captains of industry schemed to put one another out of busi- ness; how one steel concern would ab- sorb another and gradually led up to tho formation of the gigantic corporation now under fire.
 MT. Dickinson told how the five great industrial and financial interests came to- gether and formed the steel corporation in 1901. The five great interests he claimed was headed by the late ]. P. Morgan. An- drew Carnegie, w. H. and J. H. Moore, John w. Gates and John D. Rockefeller. He went into intricate detail to show how the steel corporation's capital of more than S, 400 000,0OO was made up and he charged that more than s50Q, ,oOol0o0 of this is water. He also described how the steel corporation kept up prices and charged that in every way possible 1t restrained trade and crushed competition.
 The T. C. |. Deal
 
 of Tennessee Coal. Iron and Railroad company during the money panic of 1907. in which President Roosevelt figured also, was touched on by MT. Dickinson. He said the steel corporation did not pur- chase the Tennessee stock from the New York brokers, who were said to be in financial trouble. through any patriotic motives to prevent the panic from spread ing, but to get control of the company. Mr. Dickinson made no reference to for mer President Roosevelt, but in the brief filed by the government 1t was set out the representa- of the steel corpora tion who went to Washington to consult with MT Roosevelt over the propriety of purchasing the Tennessee stock from the New York brokers. had deceived the Pres ident as to the amount of stock held by the New York firm.
 Richard ". Lindabury of Newark, N. J., will open the argument for the steel cor poration tomorrow. after Mir. Dickinson concludes. There is long list of lawyers to be heard.