davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

but above all a complete vI%ndication Of
the business policy and moral standard
of the Steel Corporation.
Taft and Wlckersham brought the
suit against the Corporation when they
had 10 business to bring II. The Gov
eminent had Investigated the Corpora.
ton through its bureau Of corporations.
The company had submitted It's books
and accounts to the bureau and nothing
was found against 1t. Yet Taft and
Wickersham started the suit and did
their best to tear the company 10 pieces.
II want It put right UP to them. Get
hold of Taft and ask him what he has
to say about II. He's doing a lot OF
talking now. Let him say something
about this"
Col. Roosevelt refused to m on
the decision at all.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
COMPETITION NOT MENACED
BY THE BIG CORPORATION

who are close TO and vitality interested
observers Of the prices OF these products.
shows that a single large concern, by
lrwering the price of any substantial
steel product it sells, can depress the
o~btainable price.
1T further shows that the converse
is not the case-that no single large
concern, by raising or even maintaining
he price Of any substantial steel prod
yet. can raise the obtalnable price"
The first question. namely whether
the Steel Corporation was m%onopolizing
or o~bstructing home trade when the
bill was filed. Is therefore answered N
the negative, says the summary Of the
opinion.
THE foreign trade is taken up and
the question whether the steel trade
with foreign countries has been re-
strained or m~onopolized by the Steel
Corporation is discussed" continues the
summary.
The court shows that when the Steel
Corporation was formed such foreign
steel trade as was done from the United
states consisted in our dumping steel
On the foreign market when trade was
null here and sending nothing abroad
when trade was good.
1T shows that the range of foreign
steel markets opened 70 us to be built
up III otner parts OF the world was
comparatively small, rs the tariffs II
Germany. France. Austria, Russia and
Italy forbade our entering those mar
lcts and the attitude of the English
public and of English labor organiza-
Tons toward American STEEL practically
Kept everything out except wire fence"
"a discussion follows ~ In the diff
culties encountered In entering markets
In other parts OF the world which throws
light on the gaining Of foreign trade
and shows that suon tradN In iron and
steel can only be gained by a steel com
pany. which makes a wide range of
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
DECISION WILL HELP
BUSINESS, SAYS GARY

Judge Il. II. Gary. chairman II
the United States Steel Corpora
TONS directorate, had this to say
about the courts decision:
Il am very much gratifed by in
formation from Philadelphia that
the Circuit Court Of Appeals, COM
posed Of Judges Burlington, Nc
pherson, woolley and Hunt. have
unanimously decided the Govern
ment Ease against the United
State Steel Corporation in favor of
the defendant.
Il feel this decision approves the
general policy OF the Steel Cor
poration. It should have a great
and good effect upon business con-
ditions through this country"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
BRYAN SHOWS HAND AT Las
Also Plaster Mask Of HimscI, hr
elm Confidence"

WARRINGTON. June S.-Se.rc Cd
State Bryan took TIE neusp,po. o. .
spondents into his c%onfdence 'l., 5f's
noon. For twenty minutes Vi Nr,,'
discussed the Mexican GYestu- an
some other affairs with which he l
partinent is dealing.
When you have concluded you- qu,4
tons. gentlemen said Mr. Rr,u
solemniy. II have a confidential comm.
nication TO make. | wish TO d,SHcl -
idea that ] never take you into ry COY
hdence."
The correspondents having 'Hls bee
prepared for the confidence. NJ B-iI
walked TO a cabinet in TIRE rear os 81
office and returned with a %;'as.," Hl'
of Mr.. Bryan's own rugged ,puutcaaa
in II hand and a plaster cast %; N.
Bryan's right hand IN tae ~ r..
This Is the first time. suggested o
of the callers, that tie Serj,'ar}
state has shown mis- hand
Mr.. Bryan smiled aIn!ab.y A. ne .1
hiblted the mask. which Is 8 r'Hrtrai
likeness. He said that for twenty 1'
utes he had TO hold his peace -
Gutzon Borglum. the sculptor. ''o, T.
impression.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
DICKINSON E
special Counsel Refuses to Discuss
Decision.

CHICAGO. June 3.-Jacob NJ. Dickin-
son. who was special counsel for the
Government in the prosecution Of the
dissolution suit against the United
states Steel Corporation. refused to-
night TO comment on the decision, say
ing Il never discuss court decisions"
Asked what effect in his opinion the
decision would have on business condi-
tions. he said II would not care TO
on that either"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
BUSINESS GETS NEW LIFE
SAY NEW YORK BANKERS
Federal Courts Decision Regarded as Giving the puh.
lie a Better Observation-Disclosures Stocks
Lead the Market All Day.

The victory OF the Steel Corporation
made a profound impression In Wall
Street. Bankers and corporation lead
ers we're jubilant. They hailed the de-
cision as the sure beginning Of a new
era OF understanding by the American
public Of the great function exercised In
American commercial and Industrial life
BY big business.
Judge Ebert II. Gary. chairman OF
the board Of directors of the corpora
ton. after issuing a brief statement of
qualification over the victory. added that
as the case may be appealed any ex-
tended comment by him at this time
would be hardly proper.
1T is the best news we have had in a
LONG time saH Frank A. vanderlip.
president Of the National City Banh. 1T
puts cheer into all Of u.s.
New Life 20 Business.
The strongest bankers in Wall Street
said that the decision had given new
life to American business. It was evf-
dence tnat pubic opinion IN the country
has turned. they said. from persecution
of big business to a desire TO see a con-
structive programme i%naugurated HI
will bring back prosperity.
This sentiment has been felt by the
courts. It was said, the decision OF yes
terday coming as the climax to other
recently favorable decisions In the cases
OF the National Cash Register and
United Shoe Machinery companies.
The tremendous advantages that the
development Of the foreign trade in steel
through the operations OF the Steel Cor.
poratSn has brought to This country arc
considered by steel interests as having
done the most to win the respect OF
the public and the court for the corpora
tion.
Attorneys for the Steel Corporation
and for other companies now being
sued by the Government, among them
me American Can Company and the
Corn Products Refining Company. we're
silent yesterday regarding the effects
OF the decision. II Is believed by the
two latter concerns that the decision will
have a far reaching effect in their own
cases. which they consider exceptionally
strong and thoroughly able to with
stand the Government attack.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
mot SURPRISED"
wickersham Points to other De-
cisions Of sa me Court.

ALBANY, June 3.--Former Attorney
General George w. Wickersham In dis
GUESSING the United states Circuit Court
decision In favor of the United States
Steel Corporation tonight said
"This case was pending when ! left
the office Of Attorney-GeneraI. ] am
not surprised at the decision, because
recent decisions In the same court have
prepared me for this result. presume.
of course. that the case will be appealed
by the Government to the United states
supreme Court and a nnal decision will
be made there"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

products. which Ia abre to establish large
warehouses In all parts OF the world
and whose business "A large M varied
enough to distribute the cost OF doing 1t
over a large volume"
Bigness Of Business.
In this regard the court said q.
I'm taking up tins question we dis
miss at once and for all the question OF
mere volume or bigness OF business.
The question before us Is not how much
business vas lone or how large the
companies that did II the vital ques-
tion Is. how was the business. whether
big or little. done-was IL. In the test
OF the Supreme Court, done by preju-
dicing the public interest by unduly
restricting or unduly o%bstructing trade?
The question Is one OF undue restriction
or obstruction OF trace n not OF I'M
due volume of trade.
These plain facts simply but,rcss the
holdings by courts that the normal and
necessary expansion OF business to any
size is not Forbidden py the Sherman
law unless such expansion Is accom-
panied or accomplished by an undue
restraint or obstruction Of trade
II was then shown that of the s9l,-
co., 900 foreign trade done by he Steel
" poi NV soVsV'Vs'VV al l1I
done in connection with other manu-
facturers who fabricated the basic prod
ucts bought from the Steel Corporation
into finished articles the Steel Corpora.
ton did not make. The court then
showed how the other $50, 900 900 was
largely obtalned-more than 800 places
OF business having been established in
sixty countries. large warehouses estab-
lished at distributing points. and great
numbers of vessels chartered to- carry
entire argos The conclusion was
thus summarized
I'VE nave cited the comparatively
few proofs as TO the steel company's
foreign trade TO illustrate its own con-
tinuous and indefatigabie efforts to
build up this trade on legitimate COM
or monopoly at the expense OF its COM
petitors. II has been the creation OF
new TO elgn rad and not the monopo-
listic seizure OF a preeSisting American
foreign trade"
FOREIGN Trade Upheld.
The court concluded this part Of the
case by saying:
With these facts, figures and results
proved in this record We are warranted
In holding that the foreign trade OF the
steel Corporation. its mode OF build
ing IL up and It's retention when built
up are not contrary TO the Sherman
law"
The court having found that when
the bill was filed In 1911 the corpora
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

day and gained Az points. pcsni,.
anxiety about the German situation s"i
the Presidents forthcoming reply IN u.
German note the whole market ,u,.',
strong directly from the opening
stocks were bought In big yolun. =,
the start. the standard issues h,s.
the favorites. 1t was the higges, AZ,
since the Presidents sharp note 10 Gs.
many on the sinking of tho Lus,s,.
Stock market experts and the fnanr,
community In general. though they h,,.
recognized unusual strength In the ma,
ket during the last week. were mys.is.,
regarding tho unusual impetus the ms.
ket had during the day and the burs, a,
renewed confidence.
II was largely attributed 10 III. TIM
position that large interests had ~.
ceived confidential reports from Was,
ington on either the German or ~.
American side that the differences n.
tween the two countries would be ,,,.
tied peacefully.
Victory Predicted.
Several prominent brokerage houa.
with Philadelphia connections receiy.t
dispatches early In the day that N.
court would hand down n favorabl. A.
cision soon after the close OF the MARIE,
Ofhcials OF the Steel Corporation ys-.
ca lled UP by these houses and as.s
whether or not they had received .!mll,.
messages. The corporation was wl,hot-
such information. replied the officials
In the last nour of the session lars,
bkcks OF Steel were bought at steadlv
advancing prices. Blocks Of 1000. 100
$500 and 5000 shares appeared on N.
ticker and the entire market was car.
ried upward.
There was favorable trade news IN ~.
morning. the interview by Col. Bop. q,
the Carnegie Company. In which he si
that his company would be operating a,
100 per cent. OF capacity within a ,.,
days, attracted much attention.
Judge Gary In the afternoon n.
called on TO make a statement regardl,,
the extent OF operations OF the Steel Co..
poration. This statement follows:
81 make this statement because or.
statements. not justified or authorize.
nave been given out. Dur last repc-,
show our companies. taken ms a VIA
are operating sl.2 per cent. IN .rFu
and Ss.7s per cent In pig iron. H. ..
above. exports are included"
The excitement and delight o, =.
financial district was so great over .,
decision that IL translated Itself into a
bid price for Steel common or the cg-
after h closing. OF 62i,. more ,sar =
points higher than the STICK EN.H,a..
closing.
Houses acquainted with the MARKS
IN Steel common predict a huge amosr
OF buying as soo as the S;och ~.
change opens this morning u-. 4,
from all over the country Ncfp r.r.r, D.
as pouring in last night.
One OF the heavy buyers OF S'ec' VS.
terday mons the traders was "a,
Field. who II was reported ru..L,
more than 10000 share.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
Action of the Market.

The stock market yesterday gave a
remarkable exhibition, either of strange
provision OF What was going to hap
pen or OF unusua confidence based on
rumors and other favorable news hap
penings that converged on steel.
Though tine news OF the decision was
not announced until a half hour after
the close OF the market steel was the
leader OF The market during the entire
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
4 Natural superstition.

4 Natural superstition.
when the steel business OF the United
States Is referred TO one thinks Of 1t
as practically being in the lands of
the United States Steel Corporation.
Circumstances rave made this quite
natural.
The manufacture of iron and steel
IN Their basic trn is confined to local
districts. Outside OF these localities ana
outside OF those engaged in the steel
business there was. prior TO 1901. but
little general knowledge or apprecia-
ton OF Its magnitude and its basic re-
laton to the general business OF the
country.
When. therefore. this great steel
company was quickly To- ned in that
year and became at ence the largest
corporate capitalization known 1t i'm
mediate,y and at once became assoc
cisted in the general mind with abso-
Lutte monopolistic control.
But the fact that the Steel Corpora
ton. after due selection by It of such
Ines % finishing mills as were deemed
necessary to carry out Its plans. left
outside OF II a most strenuous body Df
strong competitors. was not then gener-
ally recognized"
The nam =. location and u OF
those great competitors were not then.
anu llu'cV are " II now, SeneftllN KNOW
TO those outside the steel and iron busi-
ness. Nor was the significance OF the
anti-mCnopoiy competitive powers and
policies of such competitors appreciated.
Indeed, the business fact above
found. namely. that in 1911, when this
bill was filed. the competitors OF the
steel company were making and mar
ketlng nearly 60 per cent. OF the steel
and iron produced in the United States,
would surprlsc many.
since, therefore. the gist OF monopoly
is the suppression OF competition we
deem II pertinent to ascertain from the
proofs the character and steady Increase
OF competition III the iron and steel bust
ness since the Steel Corporation was
formed. In doing this w here note OF
it, great competitors such only as have
in the ten years of competition between
them and the steel Corporation made a
higher proportlonate gain Of business
than the Steel Corporation itself.
Comparative Gains.
Taking the Steel Corporation as the
basis of comparison. we may say that
While the proofs show a material in
crease of 40 odd per cent. in the Steel
Corp ration's business from 1901 to
1911, yet th!. very substantial increased
percentage of the Steel Corporations
own business was less than that made
by each OF eight of It's great competitors.
as follows:
Taking uD these competing companies
one by one IL will be seen that In Local
ton. facilities. capital and basic sup
plies they show such strong past, present
and prospective competition as afford
just ground for concluding that the steel
and iron business Of this country
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
history OF THE SUIT.
Petition for Dissolution File
While Taft Was President.

The suit to dissolve the United States
steel Corporation was started during
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

The opinion then takes up at length
the testimony Of buyers and competitors
and shows from their testimony the fair,
genuine. unrestricted competition that
has existed for ten years, and con-
e-udes
And tine sworn testimony o! these
men who are vitality interested In the
MAINTENANCE Of real competition between
one Steel Corporation and its manufac-
turing competitors that such real COM
petition does exist and has existed dur
Ing the past ten years cannot but carry
q conviction that such is the case,
"A study OF the testimony Of the men,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04
PERKINS PLEASED.

Wants to Know what Taft and
Wickershnm Have to Say.
George W. Perkins, who with Col.
Roosevelt was assailed for his part in
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

Freight rebates as a factor OF monop-
oily were next discussed and the proofs
cited TO shoy' that from its start the Steel
Corporation refused freight rebates, the
court quoting the testimony of James
+. Garfield. Secretary of Commerce n
Labor, that he had made an investiga-
ton similar to that of the Standard OIL
and found none.
The subject Of ruinous trade wars
with a view to suppress and drive COM
petitors out OF business was next con-
sidered. The court said
w have carefully examined all the
evidence given by competitors OF the
Steel Corporation. We have read the
testimony OF Gus who purchased
both from II ard from its competitors,
Its length precludes rs recital here. but
Ss may say go rol2gne, the wide range
OF location from which such witnesses
came an their evidently substantial con-
clus!on that the field of business enter
prise In the steel business Is as open to
and Is being as fully fllcd by the COM
petitors Of the Steel Corporation as II
10 by that company"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04


Corporation is taken up and discussed
In a summary and reference. page by
page. to the testimony.
This discussion states the PROPOSE
ton That, "as trade is a contest Tor II
between different persons and the gain
OF that trade by one means the loss
OF IL 10 another. IL follows that the
person who best knows whether the
man who gained II gained IL fairly II
the man who lost it'-that IL there is
monopoly or unfair business methods
competitors are the first to suner n
the keenest to condemn.
The court hrst takes up the subject
or basic articles on which subsidiary
steel manufacturer depend for the sup
pies to run their plants. As evidenciny
the vital interest OF the country In this
question. reference is made TO the Con-
gressional investigation or the steel Cor-
poration In 1905 az 10 what extent said
corporation and Its associates control
the output and prices OF the hnished
products made by independent compa-
mics dependent upon II for their raw
materials
Growth of Competition.
A,,sr d,sc,.s,rv q, ao,ou r,u. tn.
cots bilIo,s w,re ara other ho,,c am.
I'll. ,ha -, "a. ~ ~ sup
ri,ina nms,,a, -. oo,
-. M nan.ra, s,'n,ss. 1910
r. a.
m' .y"'pon! "" 'on'-
..t.,o,' ny 'o'a. Y anu seer p,o-
w !. '"un,'s Gnu t"eh ieid,
~. POI. !" 'ne no'", "arnet' VIC nIiu
mat tahins .he zen years from isoi'
WIN Tue s1eei was iornleo' un.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

products. which Ia abre to establish large
warehouses In all parts Of the world
and whose business "a large M varied
enough TO distribute the cost OF doing 1t
over a large volume
The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-06-04

"On the other hand. II these questions
are negative, then the Steel Corpora
ton should not be dissolved. but err
mitted TO pursue that usual course of
trade which II was the purpose. as we
have seen. of this statute to protect.
II thus would be seen that. as stated
at the outset. this case Is practically
n of business facts"
Under the first question the subject
of suppress!ng home trade by the Steel
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1915-01-05
Falsas a~firmaciones.

"Por ejempIo, dice ell Go
6ernaGor ColQuitt:
"Ha permitido a InglaterTa
que imponga condolences res
pecto q los emJargos de algo-
don a los paeses europeos, pa
"a facilitar los medios a los
duehos de telares de inglate-
ira de que Sc roben la mltad
del vaIor de las cosechas de
los algodoneros americanos.
Ingalterra detuvo los carga-
mentos americanos hasta que
los ducnos de telares ingleses
compraron ell algod6n que ne
cesitaban a 612 c libra, y 10
almacenaban Ell las bodegas
de Texas Y otros puntos de-
Sur. Entonces Inglaterra con
sinti6 en- que el algod6n nc
fuera contrabando de guerra J
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1915-01-05
c

Herlinda Garcia, edad II
meses, diez miIas al Oriente
de la ciudad, enterccolitis.
Florencio Cortez, edad IS
meses, 311, North San Saba
Street; pulmOnia.
Amparo Garcia, edad f6 a.
nos, 2124 South Flores Street;
pulmonia.
Sra. F. Rodriguez, edad
40 amos, $50 South Laredo
Street; enteritis.
La prensa. [volume] (San Antonio, Tex.) 1913-1962, 1915-01-05

La Dana de las Camelias. "0.25
Los Maridos Infames 2 tomos o.SO
e. PeriGuillo SarHiento. Famosa no
vela meNcana. $0.7o
FL Jorobado. Novela de mucha sen
SaclOn. ..S O.|u
Los Siete Pecados CapitaleS, , to-
mos grandeS. - oV
Memorials de un revolUcionario. o.
bra cue pinta en- todOs sus horrOres
Ia tlTanIa ruSa. O.I5
Carmen. Historic de IN corazOn.
Hermosa novela meXicana E. $0.55
Historic de Robinson CrusOe Ii
bro que proyoca mteISas emOciOnes,
porgue seduce Il maravillOsa historic
de Robinson. Edicion de lujo $500
Los UItimos Dias de POmpeya. u
ma de las obras mas intereSaates de
Ia epOca romano, cuyas cO5tumbreS
describe maravIllOSamenta.. $500
Gil Bias De Santillana. Obra ella
Sica ensalZata pOr tratadistaS inte-
Hgentes. Edlcion de lujo.... 81 90
FL ZarcO. HermoSa nOyela meXicana,
que piuta la vida de uno de los mas
famOsos bandidos que hubo en- Mo-
re!Os, en- IA epoca de Juarez. Edici0n
de ICJO I.Io
Los dramas del Adulterio. Conmo-
vedOra narration de Carolina Inver-
MILO, , tOmOS. .......... S $50
Los Amores Malditos. Obra de Ia
nisma autora , tomos. 1890. $3.50
EI Amor de los Amores, Novela
sentimental. t tomos, tela... $3.25
FL inferno de los Celos. / tomoS
eCpaStaGOS en- te.a, .........$S SIS
La Mujer Adultera. Obra que ha
~cOnmoyidO q aqUellaS personals que
han recorrido sus paginas. / tomos,
tela. $3.25
FL Condo De Montecristo, con su
continuation: LA Mano del Muer-
to- 8 toinos grandes, con ~ilustracio-
mes, S2.25
Oscar Y Amanda. Conmovedora
love.a amOrosa. , tomos.... $I.25
La HIja del Cardeual. 1890. SO.75
Les Tres MosCueteros, con 81 con-
uuuacion: "Veinte Amos DespuGs" Y
I'll Nizc7ndc de Bragelonnc." SITS
Eypiaci6n 0 el Martirio de una Ma
$50
GeGOVeva dc BravanJe... SO.25
Y Virginia. ........ "0.25
Amor Sublime. Hermosa novela me
&lc21a. O.I5
Los Misterios de Ia Inquisici5n...
S O.75
Ell Judo Errarte. 100
Ia Juyentud de Enrique ", y 90.
Flor de Passion. Noveia de Amor. 0. so
70 Ta..-H- - - lE