The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-04-14
CONVENTIONS IF EACH SIDE
IN STEEL DISSOLUTION CASE

court. II was dismissed in 1915 by
Judges Burlington. Mcpherson, Wool
ley and Hunt. Direct appeal TO the
Supreme Court was taken by The gov
eminent. The case. was expedited and
argued in March. 1917. before seven
Justices Justice McRcyEplds was
disqualified by having been Attorney
General duriug earlier proceedings,
and Justice BrandeiS retired because
of public expressions Of opinions, re-
garLing Tho so-callcd trust. before
his appointment.
The district court decided that. al
though formed 10 illegally monopo-
liXc and restrain trade and TO secure
great profits. the combination WAS not
able alone To Tx and maintain prices
and, though dominant, Is not III actual
monopoly.
Tn" principal defendant was the
United States Steel Corporation. the
alleged combination ut combinations,
4 holding company doing no BUSINESS
but maintaining STOCK control of tho
subsidiaries with aggregate assets III
excess Of 5000. 100000. Promoted by
j. j. Morgan IL Company's syndicate
agreement. its original capital STOCK
OF $4,000 Was Increased 10 $l.luu,Wv.-
900. This stock was then exchanged
for that Of subsidiaries acquired, with
IN actual cash transaction Of but
$lI4, UUo.
Other Defendants.
Eight other principal corporate dc
PENDANTS ruW owned by the big com.
pany were:
Carnegie Steel company OF New
Jersey, including vast holdings Of the
National Steel company and American
Steel Hoop company and others, with
ST., $40. 900 capital stock.
Federal Steel company Of New Jer.
sey, comprising Il large group OF cor,
poralions; capitalized At $50, 600.
American Tin Plate company Of
New Jersey. comprising thirlyn{nC
plants and 279 mills; capitalized at
SAC 900. 300.
American Sheet 4 Tin Plate com,
pany of New Jersey. which acquired
the American Tin Plate company;
capitalized at Si9.0000Uo.
, American Steel &:Wire company OF
New Jersey. comprising IL score I'll
The largest plants; capitalized at
10000. 600.
National Tube company Of New Jer-
scy, comprising fifteen principal tube,
steel pipe and kindred factories; cap
itulizcd at $>0,H1O, 900.
American Bridge company Of New
Jersey, comprising twenty-richt prin-
cipll heavy fabricated structural steel
plants; capitalized nOminaliy 1t So,
0UO 400 ircducGd from $G2.%24. 000D
Lake Superior Consolidated Iron
Mines company OF New Jersey, con-
trolling nearly 60 per cent OF iron ore
or The Mesabi range Lake Superior
district, and ore ships and railroads :;
capitalized ut S29.SS7 000 bought
from the Rockefeller interests.
Still Others Involved.
Other defendants. including cor
porations acquired by the Steel Cor
poralion after It's original organiZa-
ton, were:
II. C.. Prick Coke Company. con-
trolling extensive Cuking-cOal deposits
in The COnnellSville district, acquired
with the Carnegie Company.
Shelby Steel Tube Company. manu-
featuring seamless steel tubes: CAPT
tai $12,7gI.00O bought BY the holding
Corporation.
Union Steel Company. Bonora, Pa,
manufacturing wire and owning extern
siye Lake Superior ore and PennSyl-
vania coal deposits: capital $2n,0OO.-
900, acquired by the holding corpora
ton in 1902.
Clarion Steel Company. manufac,
turing ingots and owning coal and
ore deposits; capital Of S3,5OO,OOO,