The Birmingham age-herald., 1920-03-02
COMPANIEs INVOLVED

-eA AtA@AA-a--af .onoDoiy-
 COMPANIES INVOLVED The principal defendant was ths aftsd states Steel Corporation rne zed combination of combinations. a oldiu< company doing TO business bui zfntafufng stock control Of the sub. diaries with aggregate assets in ex sss of sz-GaG. .9eG.d9a- Promoted by J Morgan q Co.'S syndicate agreement s original capital stock of fs.ddG wal ierszsed to SI.tG9 sec. a8d- This stocl -zs then exchznzed for that of sub 'disrfes acquired. with an zetual easl -znszezfon of but S114.9aa-
 EI<hf other principal corporate defendants now owned by the big company wer-s
 Carnegie sseei Company of New .ger.ey. including vast holdtngs @s the National steel Company and American steel Hoop Company and ether-, with s@s>Soscoo capital stock
 Federal steel Company of New Jersey. comprising q large group of corporations; capitalized at 3D. 54@s9o-
 American Tin Plate Company of New Jersey. comprising s9 plants and zss mills; capitalized at si6-- GNN.0oS-
 American sheet and Tin Plate Company of New Jersey, which ac- anfred the American Tin Plate Cempanys capitalized at Sss0oo-epS.
 American steel and Wire Com pany of New Jersey, csmprisfng a score of the largest plants; capital fxeh nt s9Ds s9oo.06o.
 National Tube Company of New Jersey. conn prisfng fifteen princi- umi tmbe, steel pipe and kindred factories; capitalized at sso.DoosoBO.
 American Bridge Company of New Jersey, comprising %S prfnc1- nal heavy fabricated structural steel plants; capitalized nonainaify mt sIoooayeoo fredueed from ssz-- 32s,oSoy.
 Lake Superior Consolidated From Mines Company of New Jersey. com trolling nearly 60 per cent of from ore ou the Nesabi range Lake su- perfor district and ore ships and railroads; capitalized at s2S.sss GOO; bought from the Rockefeller inter ests.
 Other defendants inefndins cor poratIons acquired by the steel Cor poratfon after it sorisinai orsanf- zatioB, weres
 H. C. Prick Coke Company. con trolling extensive eeking coal de- pOsf@s in the Gonnellsyille district acquired with the Carnegie Com pany.
 Shelby Steel Tube Company. man. ufaeturinc seamless. steel tubes; capital of SIP, 2,-94.e00. bought by the holding corporation
 Union Steel Company. Bonora- Pa. manufacturing wire and own ing extensive Lake Superior ore and PennsyIyania coal depesits' capital SEQ GOO oe0. acquired by the holding corporation in 1902.
 CIairton sseeI Company, manu- featuring ingofs and owning coal and ore deposits; capital of S3,5oo,- GOO. bought by the holding corpor- atfon in 1904.
 Tennessee Coal. Iron and Railroad Company, second largest holder of iron ore and coal in the country. Nearly all it's stock acquired by the holding corporation for SS5s4os 900 in 1907. Wfrh President Rooseveit's sanction. Ore holdings estimated
 between 454, ,1so.0oo and 750, ,0oO.0oo
 tons, and 2.0oo, ,o00.ooo tons of coal
 Great Western Mining Company. the holding corporation subsidiary
 which leased 2s2 I4J.oO0 tons of
 Lake Superior district ore from the
 Great Northern or Hill. interests in
 1907. The lease was cancelled voi-
 untariiy after this suit.
 Another group of defendants, i volved through the Hill ore lease, cor prised eighteen land and mining co porations of Minnesota and Wiscons and five individuals, President Lou ". Hill of the Great Northern Ral road; James N. HfIi. Walter !. Hill, E ward T. Nichols and J. H. Gruber- ! to these the prosecution was virtual a abandoned, the Hill leases having be- voluntarily cancelled.
 In addition. eighteen individua prominent in forming the corporate were named as defendants. ley we the late J. P. Morgan. Charles Stee George W. Perkins, F. II. Gary. Charl ". Schwab. Andrew Carnegie, Henry Prick. James Gayley. William Fl. Mool J. H. Moore, Edmund c. Converse. Pc cfyal Roberts, Jr, Daniel c. Reid. No man B Ream. John D. Rockefeller, Jol D. Rockefeller. Jr.. the late r. 4. Widener, and William P. Paim' Against these the government ask an injunction to prohibit actions T straining commerce
 DOMINANCE INDUSTRIALLY
 Dominance in the whole iron and ste industry. including control of raw pro ucts, mines, mills. ore railroads a steamships, and output and prices finished products was the genel charge against the corporation and su sidiaries.
 Cross and general overcapitalizati and "scandalous" promoters profits al were alleged. Water" in the prom tions was said to amount to S500.00 900 and promoters profits s165,00o.0 0 with dividends of s350,oo0.ooo paid ten years on the "watered" capitalia tion.
 At a New York dinner. attended Morgan, Schwab, Carnegie and otf steel and financial powers, the goveI ment alleged. J. J. Morgan & Compa became interested in forming the St Corporation The Morgan and Cnrne groups exchanged views. resulting formation of syndicate. including me, bers of the Carnegie, Morgan, Gates a Moore -Reid-Leeds groups. to organize so-called "Steel Trust" ORGANIZED IN 1901 The United States Steel Corporati was organized in New Jersey with 600 capital stock in 1901 by J. P. Mors & Company Andrew Carnegie forma ofparad fo avcb,ppa Sl7Q Cnn on of the CS