The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1914-10-21
MUCH TESTIMONY
| HAS BEEN TAKEN
GOVERNMENT ASKS THAT THE
GREAT CORPORATION BE
BROKEN UP.
CHARGE AGAINST CARNEGIE
The Court Is Asked to Appoint a Re-
ceiVer to Take over All the Proper
ties Owned or Controlled BY the
United States steel Corporation.

Philadelphia, Oct 20.-The govern
ments suit to dissolve the United
States steel corporation on the ground
That its creation was violation of
the Sherman antitrust law, was on
the docket of the United States dis
trlct court here today for final argu-
ment. The suit was filed in the Unit
ed States court for the, district Cf
ss>E-@~if' -S:SAon Or,. ~, 1911, and Was
transferred to Philadelphia for argu-
ment before judges of the third Judi
cial circuit. Testimony in the case has
been taken in different parts of the
country during the greater part of the
last three years.
The government asks that the great
est corporation in the world in point
of capitalization be broken up into
the numerous companies that had
Teen merged illegally, the government
alleges into the gigantic concern. The
court is asked to divide under wholly
independent ownership the following
companies controlled by the steel
corporation:
The Carnegie Steel Co. of New Jer-
sey; National Steel Co.. American
steel Hoop Co., American Sheet and
Tfnplate Co., American Plate Co.
American Sheet Steel Co., Federal
Steel Co., American Steel and Wire
Co., National Tube Co, Shelby Steel
rune Co. and the American Bridge
Co.
The court also is asked to make in
dependent the Duluth and Iron Range
Rallroad Co., the Duluth, Missabo &,
Northern Railway Co, the Tennes.
see Coal, Iron and Railroad c., I'm
ION Steel Co.. and the Clarion Steal
Co., and that the are and coal DR. ~
e'tIes of the United States Steel cor.
poration, other than those of TIE Ten
nessee company, be divided among
the Clarion, Union and new concerns
t. be created in proportion to their
c9phr'ty for tn p'G'lut ton of tte !.
The court is further asked to de-
cree that Andrew Carnegie was a
party to the unlawfuf combination of
properties through the United States
steel corporation and took the bonds
Of the corporation with all the infirm-
tiles attaching to such participation"
Finally the court is asked to ap-
point received to take over all Of
the properties owned or controlled by
the United States steel corporation
and its subsidiaries for the purpose
of making effective the decree of the
court; that the receiver recover from
the syndicate subscribers and promot-
ers and others who were parties to
the alleged unlawful combinations
t'-c differences etwee'. 4 par valu.
of the stock received by them and the
cash value or the properties or the
services given therefor, so that resti-
tuition. so far as possible may be
made to the other stockholders
The testifoDy taken in the case is
contained in 50 printed volumes.
each an inch thick. Much Of the space
Of the governments brief, which has
been filed. is given up to the steel
corporations ACQUISITION of the ma
jority of the stock of the Tennessee
Coal &, Iron Co. Government alleR-
es that f. r. Gary and Henry G. Frick
directors in the corporation, who
went to President Roosevelt to see
whether the government would object
to the corporation taking over the
Tennessee cOmDany. misrepresented
held tv Moore and Schley. the New
York firm, which the corporation
sought to purchase during the panic