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The evening world. (New York, N.Y.) 1887-1931, August 04, 1911, Final Edition, Image 1

Image and text provided by The New York Public Library, Astor, Lenox and Tilden Foundation

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STEEL MAN'S WORD BRITTLE, SAYS SCHWAB
TOGO GOES AWAY IX GAB OF ELEGTR1G TRAIN
WKAlilBH-lhowrri To-Malit r Saturday.
final
EDITION.
I "Circulation Books Open to All
" Circulation Books Open to All"
EDITION.
PRICE ONE CENT.
I
RIDES IN CAB
Formal Greeting by the City
for the Great Little Jap
anese Sea Fighter.
CROWDS ENTHUSIASTIC.
He Wonders at Greatness of
New York "I'm for
Peace," He Says.
Admiral Count Togo of the Japan
ese Navy, who sank the Russian fleet
In 1905, left for Washington this
afternoon with memories of a oordlal
welcome from the City of New York.
Prom the time he reached the harbor
at midnight on the Lusltanla until
ha rode out of the Pennsylvania Sta
tion on the Southern Limited he
figured in a eucceeelon of incidents
illustrating the warm feeling of the
people of this community and of the
Government of the United States
toward Japan.
With the thirst for Information
characteristic of the educated Japan
ese. Admiral Togo wanted everything
explained to him. When he was told
that the train to Washington ran
under the North River he expressed
a deHiro to ride through the tunnel
on the electric locomotive.
The railroad officials gratified his de
sire. He was allowed to sll alongside
the engineer of the electric locomotive
on the swift trip from the station to
Manhattan Transfer tn New Jersey,
where a steam locomotive was at
tached to the train. There the Admiral
and his attendants hoardsd the private
ear ( lUvttta
Tne distinguished visitor said hefore
leaving that he Would rather face a
hostile ll'-et than the New York pho
tographers, ne of these tntrgttlo
parsons, while the Admiral was posing
for a picture In his .. .in-, at the Knic k
erbocker stepped up to fim, grabbed
him by the face ant Vested his head
around in order SO PlOPS him In a bet
ter light. Another yelled lo him,
Smile, why don't yon smile?"
am more than ttmagrfiil," he told
iin Evening World reporter at the
Hotel Knickerbocker, "for the cordial
treatment that has ion gooorded me,
I only hops the hind treatment will
continue when 1 return In a week from
a visit to Washington, Baltimore and
Philadelphia,"
Admiral Togo, as the guest of the
United .States, frai l iken from the I,usl
tanla at Quarantine at midnight on the
revenue cutter Seneca and escorted to
tne Knickerbocker. This morning,
through cheering crowds, he went to the
City Hall to call on Mayor ilaynor and
later received the Mayor In his rooms
at the hotel.
Hefore stalling for Washington Ad
miral Togo sallSd the reporters to his
suite and made I he following Statement!
'This la my first visit to the I'nlted
States, and In making It I am realising
a life-long ambition. Your Oovernment
has made tliu gratification of that am
bition possible by extending me a kind
and generous Invitation.
AMAZED AT THE WONDERS OF
NEW YORK.
"I had been prepared, from reading
and hearing others tell, to enter a
magnificent city upon reaching New
York. I did not expect, though, to see
anything so wonderful. Of course, I have
had but a glimpse of Now York, but I
Intend to explore It thoroughly up0n my
return, and 1 ahall ilnd much to Impress
ms.
"One of you gentlemen has asked me
to express an opinion on the peace
treaty between Prance and the I'nlted
States which was signed In I'aris and
Washington yesterday. Personally I am
a lover of peace. In my opinion this
treaty will do much to further tne
movement for universal peace."
The Admiral did not arise until 9.30
o'clock this morning. He w is due at the
City Hall to make a formal call on
Mayor Unynor at 10.30, and theft was
considerable hustling In the suite o(
twelve rooms on the eighth door of the
Knickerbocker, which had been rs trved
for Togo's use by the United States Gov
ernment. Inspector IfoOIUSBy with a
squad of 100 mounted policemen and ten
cops on motor-cyclus clattered up to the
Knickerbocker at 10 o'clock and took
possession of Forty-second street and
Broadway. Natural!) tills big police dis
continued on Htcond Ptgs.)
0G0 OFF FO WASHINGTON
iRi WITH MOTORMAN
1 N
CeprHgM, 10 11, by
Co. IThe New
OF ELECTRIC
TOGO HAS ORDBAl
Y01iSIi THAN THA T
OF SINKJNGSHIPS.
The newspaper photographers in
vaded Toko h rooms ana lorced mm
to pose for them so many times that
he finally appealed to the committee
for relief.
"I would soonor fact ths combined
flssts of ths world than ths Wow
York photographer." lie hitched, as
the committee Induced the photog
raphers to withdraw.
GET $10,000,000
Then Young Man Goes to
Bellevue Hospital to Await
Examination.
Percy P. Pnssmore was so Insistent
upon borrowing 110,000,000 from the bank
ing house of J. Plerpont Morgan ft
Company to-day that the authorities
sent him up to Bellevue's psychopathic
ward to have his mental condition ana
lyzed. Percy Is twenty-five years old,
good looking and well dressed and lives
at No. 162 Mott avenue, Long Island
City.
Many owners of suburban homes will
sympathize with the unfortunate Pen-)'
Passmore He says he needs $10,000,000
to pay for a bungalow he Is going to
build at Glen Cove, L. I.
It has been about five weeks since
young Passmore first appeared at the
Morgan bank at Broad and Wall streets.
He told an attendant at the door he
wanted to tat Mr. Morgan and was in
formed that Mr. Morgan was In Eu
rope.
"Cable him to come hack," Command"
ed the young man from Ismg Island
City. 'Toll him Percy P. Passmore of
Kong Island City Is ready to burrow
that $lu,i)".uu0 which has been deposited
here by a gentleman from Philadelphia."
As Percy appealed to he harmless lie
was sent tin his way. Hut he got Into
the hahlt of calling a couple of times a
week and asking about that 110,000,000,
He also called frequently at the Na
tional City Hank and announced that
he had been elected vlce-presldont of
tbs institution and was about to Insti
tute some wonderful reforms.
The Morgan people luolud upon Percy
Passmore as a joke until last Tues
day. When be called that day he as
sumed a threatening attitude.
"If the money Is not here next Friday
morning," he said, "somebody around
tltft Is going to get hurt."
The Wall Street DstSCtlVt Fiiireau was
notified and Llcuts. Reap and Wool
drtdft were In the Morgan Bank to
day when Passmore arrived. They
stepped up to him and asked him to
take a walk. He was quietly ttarehod,
bot nothing In the way of a weapon waul
found In his : ockets.
Passmore whs taken up to the Centre
Street Pollen Court. Magistrate Ureen, I
after questioning blm kindly and re
ceiving rather Incoherent answers, or
dered him tsni lo Melievue.
SIX UNDER FALLING ROCKS.
TWO TAKEN OUT DEAD.
Men Cau.efnt in Crash and HurieJ
on the Catskill Aqueduct at
High Halls.
rtONIX.PT. N. V;, Aug. 4.--S.X men
were buried and two ate known to he
dead as the result of a fall of rocks
on the Catskill Aqueduct at High Palls
to-day.
WOMAN IS FOUND DEAD;
HUSBAND BEATEN BY MOB.
AIKKN, S. C, Aug. I. Sheriff it thorn
of Aiken :'e cived a message to-day
from Monet'a. twenty-live miles from
here, stating that a woman named Mrs
Bpradlej bad been found dead thore
and that hM ausband had been terribly
It Is n it known
hers whether tht woman woe klll.nl by
the mob The .Sheriff and several otll-
I
VISITS MORGAN TO
FOR BUNGALOW
cert Immediately left for Monetta.
Tbe Frees Publishing
T.rk World).
LIFE SAVER GIVES
TO RESCUE BOY!
Stephenson Plunged Into Day
and Head Was Caught
in Mud.
BOY DROWNED, TOO.
(Bay Ridge Hero Had Brought
Two Others to Shore
This Season.
Robert Stefenson of No. 2;4 Seventh
street, Brooklyn, who had established
a record for heroism along the Hay
Ridge wnter front In saving two lives
this summer, dived to his death to-day
from the bulkhead at the foot of Thirty-seventh
street, the site of the new
Klghth Ward Market. In an effort to
save the life of fourteen-year-old John
Duffy, of No. 276 Sixteenth street. The
Ducy boy was also drowned. He was
a eon of Patrolman Duffy of the Pros
pect Park station.
A score of men and boys witnessed the
two drownings and assisted the police
In recovering the bodle I from the muddy
bottom.
The Duffy hoy went In bathing with
a dosen Of his playmates, the majority
of whom were unable to swim. He had
provided himself with a pair of water
wings and was daring the other boys
to come out beyond their depth. He
got along finely until he was out about
one hundred feet beyond shallow water,
when suddenly his water wings col
tapsd and he began floundering help
lessly In the deep water.
Stefenson. who was twenty-eight
yesrs old, was working down by the
shore for the Seabord Construction
Company. Ht had been watching
young Duffy for several minutes when
he saw the water wlngB collapse. He
did not wait an Instant, but ran to the
head of the bulkhead and dived off.
Ho went down straight and then van
ished. Scleral of his fellow workmen
had followed him and waited, fully ex
pecting to sec him come up and strike
out for the Duffy boy. His other
rescues had been performed In the)
.ame manner and without any great i
difficulty.
Several minutes went by and the
Duffy boy had gone down for the SS
ond time when Henry Plasin of No. 2J4
Seventh street, the same house In
which Ittfenson lived, and August
Haas, of No. M We'.ster place. Jumped
In and swam oul to rttout tbs boy.
Both Haas and P latin are strong
swimmers, but hetort they could rstch
the hoy he had gone do an for the third
time They dived for him In a dtpUl of
twenty feet of water, but could not see
the body Which bad sunk duan into tbs
soft mud
Me.inlln o ItVtrgl policemen had ar
rived and word of the drowning had
been sent to the Harbor Squad, When
a SOl lot launch arrived grappling hooks
were lowered whtrt Btaftnton had
dived. His body wns rescued from ths
mud In which his l end and shOUldi
had lodged It was I t isk of only a
few minutes to recover t ie body of t.'o-
Krank Curley, the ten-year-old son of
Policeman John Curley of Fourth a ve -
Vnrtv-'ourth sti t. itrnokivn
xhs OrOWnea on ,iui ., msi in ro
Mntonl P"t where 1'nlicemun Duffl
ho
went down to-day,
SIX KILLED IN WRECK
ON SOUTHERN RAILWAY.
Twenty others Injured when
Train is Hurled From Tracks
Near Salisbury. N. C
S M.ISHITIV, S. r Aug. 4. -Slv per
sons were killed and nearly a score In
jured In a wrtok of a Southern Hall
way train at Barbers Junction, ten mllsa
from this city, SOOOrdlni lo a telephone'
i message here bite this afternoon.
, WASHINGTON, Aug. 4. -At the head
'quarters of the Houtneru Itnilwsy here
...I thai nrinni Iron, ,.uil..,..l
. ..
officials at lonua,
.. said t
at
number of persons were Injured In a
derailment near there. All wires are
down, ati 1 confirmation of the report
that six l ad been killed In the wreck
was difficult.
Last Two Dnys of Big Sale.
$12 BLUF. SERGE SUITS. $5.95
THH "HUB" Clothing comer, Broad
way, cor. Harclay St., opp. Post-Offlts,
i will sell
la, and Saturda
ana aiuruty i.r,ou
I Men' Suits
serges, worst,- is
flannels.
In blues, DiacaS, grayH
,,.) i I v t o, .- ' fast i-o oru uitt n l,lu..
s(ieSi worth In any other store!
; olir special price tu-duy & Saturday.
OWN LIFE TRYING
. 90. tt. Open
n .-.si .1
.i day night UU 10. .
NEW YORK, FRIDAY, AUGUST 4, 1911.
STEEL SECRETS TOLD BY SCHWAB
BUSINESS
HONOR
UP-TO-DATE
AMONG
CAPTAINS
OF INDUSTRY
HACKED WITH AXE
Cincinnati Police Have No
Clue to Identity of Victim
With Head Almost Severed.
CINCINNATI. Aug 4 The mutilated
MURDERED WOMAN RAIDERS GET 1 00
FOUND IN RAVINE
body of a woman was found to-day In Dougherty late this afternoon accom
a small rav.no on the boundary of On- panted Deteeilve 1,'nger and a squad of
clnnatl and Norwood, whl-h adjoins I police from Headquarters In a senaa
thll city on the northeast. I tlonal raid on an alleged poolroom at
The woman's htad had been partly I No. 140 West street, between Harclay
levered, tppartntly vilth an Qe and ! and Vesey streets.
the condition of the body Indicated The Commissioner had sworn out
that she had died comparatively re- n)ne warrants for the arrest of seven
cently. There is no clue to the Iden-
no clue to tne Iden-
tlty or tne victim.
M'CABE IS PROSECUTOR
IN FOOD CASES. NOT WILEY
CongKSS Committee Told That
Authority Was Taken from
Expert by Special Order.
WABHINOTON, Aug. i Otorgt P.
MeCa.be, solicitor of ths Dspartmtnl of
Agiieutturt, testified to-day before the
Houtt Investigating Commltttt teat it
was upon Ids l
ommendttlon and not
Dr, WHty't that all protteuttoni for'
Violations Of the Pure Kood law were
ordered or rofUttd by the Secretary of
Agi'h'Ulture.
The extent to which Dr, Wiley, the
(jovtrnmtnt't chief tttetnttt, whom At-
tomey -ttenera 1 Wickershani has rceom
mended for removal. Is overruled In the
matter of prosecutions, and the nature
of the charges whl"h have been brought
nircinsi him b ti, depart men! "per-
s, nnei board" were the basts for an ln
terestlng station to-day, terminating
With tht cross-, lamination of Mr Mr-
Cabe by Dr. Wiley's counsel, Henry k
Da via
Mr. M'-Cs.hc testified that sine,, July
1, litlo, lie had patted on sll rorommen-
1 da t Ions of Dr. Wile) and the Unreal or
Chemistry for prosecution! of violators
of the Pure Pood laws. In the last
year, said Mr tfoCabt, he had recom
mended further proceed. tigs In 1', laO
eases passed up m by the Mureau of
Chemistry; while in HI cases where Dr.
Wiley's bureau wanted further notion
he recommended that the cases be not
pushed, btoautt Of lack of evidence or
for Other reasons
VEDRINES FLIES CHANNEL
ON HOMEWARD JOURNEY.
French Aviator Who Was Second
in British Circuit Race on the
Win;; From London to Paris.
LONDON, Aug, I tales edrlnes, the
I French aviator, a.ter stvsrtl days stay
In England, started homeward this
morning by air line and at last accounts
n I SSieiY ei.,eer,i no ,."na . oanne
;and land-d at Dieppe, Fran.-,
and Itndtd at Dieppe, Franc- He trav
elled ill the same atroplgnt with wnloh
he won the st ond prize in the recant
circuit of Great Hrltaln race.
DIKPPK, France, Aug 4 -Vedrlnes,
flying from London, landed on the oeagl
here safely at I 4f, o'.-lock tnls morning.
i:iiis iilead laatttri Waltt,
WABHINOTON. Aug 4 Investigation
..f eondhMoni at EQIHl Island Immigration
Station, as propoatd in a resolution In
troduced by Iteprcsentatlve Htilssr of
New York, will not be tonitdttOd at this
session of Congress The Rules Com
mltt.e lnf.irmally has agreed not to
make any report on the resolution at
this session.
"I OOI remember no gentleman's agreement which was mail tot a
delinite period of lime. They were broken usually when Mljf pally lo
the agreement telt like breaking it aiul without notice."
"1 have betll in the steel business since 1880. In .ill that time I
heard every few months of lUCh agreements. Most WcTC never COMUnV
mated. Some were. Some lasted a day, some a few months, some only
SO long as it took the gentlemen subscribing to the agreement to get
to a telephone."
"A gentleman's agreement was an understanding that a number of
manufacturers sat down together and agreed that the price sh HI Id he
dollars, and each should nave a share Ot the business. It I man broke
one agreement he wasn't barred trom entering another one."
"H was my idea thai Instead of having one mill manufictiiring fifty
ditlerent products It would be belter for each one of lifty mills to con
centrate on one product.
"Mr. Morgan asked many question?. At the end of my talk he
asked me to find out from Mr. Carnegie it he would sell and for what
price. I did approach Mr. Carnegie. 1 tried to Impress him thai ai hi
age, with his many philanthropic interest it was right lor him to sell,
Alter several days he agreed to sell. I know that later he deeply
regretted that he had done so."
i PLAYERS IN QUICK
DESCENT ON PLACE
Deputy Dougherty Helps to
Swoop Down on West
Street Crap-Shooters.
Second Deputy Police Commissioner
mn aM ,() np connected w'th
aM t) he connected w'th the
poolroom and these were given to De
tective ITnger to serve.
Bo quickly did the police act that when
they broke Into the room they say they
found more than a hundred men there,
many of whom were shooting craps,
j neTore the astonished players could
'recover their wlls and make a move,
jthe police had swooped down upon the
tables and grabbed not only the dice,
hut the money and took It to the Oreen-j-wlrh
street station.
i The arrested all found In the room
an1 an W(TI, taken to the QrttflWlOh
street station.
SCORES TO-DAY
NATIONAL LEAGUE.
AT PITTSBURG.
GIANTS
1 0 0 0 0
I'lrrsBUKG
.0 0 0 3
Hutitprifn- -Amen hip! Mvit,
'anitilt Z
ami UlhH.m.
AMERICAN LEAGUE.
AT NEW YORK.
CLEVELAND
() 1 4
HIGHLANDERS
1 0 0
n.itterlcs Kalkenlrfirg and
CoVldWOH and Sweeney
F!her,
AT BOSTON
DETROIT
0 U 3 0 0
BOSTON
13 2 10
Batter its Mullen and
and Ktsnamakay,
.Manage, IfaJI
AT WASHINGTON.
HIWT OAME
i ;hicaqo
0 0 0 0 0 0 0
A ASHINGTON
0 0 0 U 0 0 0
llatterles-AVhlie and
and riireet
0 0' 0-0
0 0 0 1 1
Payne. Johniii
AT PHILADELPHIA.
KIKnT UAMI.
ST LOUIS
000001000 1
ATHLETICS
0 0001022 5
Bsttertes MltchsM and Krlohen; Pkuik
and T'omas.
12 PAGES
45,000 FINE PAID
BY "BRAINS" OF
STEELWIRE TRUST
Edwin E. Jackson Jr. Scored
by District-Attorney Wise
Satterlee Pays 1,000.
Edwin K. Jackson Jr was this after
noon scathingly arraigned by United
Btatea Dlstri t-Attornej W ,e fr ,ls
oonnectlon with the gtsel Wire Trust
end wss termed by Mr, Wise "in,, i,,,,,!
and brains of the entire Trust." Then
he was fln.sl HVuno by Judge Arch bald
In the Criminal Branch of tht United
Bute circuit court iip. ui pleading "nolo
contendere'' In the case of the nine In-
dlotmtntt found luralnst him 11,- a im1
nru,d tfi.noo on each indictment
District-Attorney wis,, mail,, a strong
plea for prison sentence for JaogSOh, bUI
tfle fines were Imposwl Inttt ol
James ii Olten of the Kavtrahaw I
Wire Company, paid ll.:uo, Fred J
Hall of the same OOmpany, 1,100
James A Heverly. ll.Oao; W It. Ham
say of the Btldtn Manufacturing Com
pany of Chloago, 11,000; Nugent Phil
1Iim. ll.Jllfl, w. S. Kell ami Jamet II.
Webb. $1,000 each
Herbert I. Satterlee, tOn-ln-lat of J
p. Morgan, also pleaded nolo oon-
tender," mid was fined fl,000 n Judgl
Archhald. He was Indicted for viola.
Hon of the Sherman Anil Trust law as
a mtmbor of tn,. Hahlrahtw wire Com.
pany enguged In an unlawful combing.
Hon In the restraint of tiade and
CO mm Sr OS among the several Stales.
PEANUT SHELLS BARRED
FROM CENTRAL PARK.
Commissioner Stover's Order Cre
ates Consternation Among
Squirrels.
To th rv.iiirreln of CtOtHwl Hurk, an)
'heir innny-henrtrxl fHMdfl WhOM "hlr
rlfltBht It to fd ihttn pMRUtti oon
trfTnation has leon brOUffhl by tle ftdlOl
t CorntnlBiionrr Htover that aftsr Aug.
10 thrrft muit L no pMnilti 'l-l In ttiH
;nrk or broufht Into It ultima tne r
t'ndfr th leHitTfiiilp t i'tfr, tht 0W
t of tlio trltr, th? iqulrrtlf uro alral,
il&nntnK a hetclra to PfOtpOl I'.irK,
where the piriut with Jur-knt on ih DOl
under the ikui. Thi nlmlU't gOQbf DiAlttl
no appal 10 the thrifty OrAtUftl w!iu
rhe enough dnriiiu thts optll leunn tu
Uit them throuKh the harieat Winter
Without the J- ket8 tho note would d"
''ay raildly.
Thi prornlo. of 'orumdseloner Stover
that they wouht b ttlpplttd Hith
cracked 0OfH f's bMII m'ornfulh rej.
ed by I'eter. ipaftklBg for btl 1 Ian. and
for the Mrirne reaeon that they liHk with
dlefavor on the umthelled paiQUt. The
rule which Is to be applied at 'entral
I 'ark has heen In fon-e at BrOHl 1'urk
for tha last two years
MANN ATTACkT DEMOCRATS.
talks of "I s.-less In vmstlgMtlOnS"
nn.l Q9UM9 1 1 1 1 en vitun nee."
WAKHINC. n iN Au I Orotg estr.iv.
agaftOt Of the Ptmooratlc majority In
conducting "useless Invest Igatlons" was
ohargtd in the Hougt to-dai Rapuh.
ItNlli ls-dter M inn, who also la. in, si tht
new Dtmooratlo Houtt tmpioyteg tort
incompetent Ht provoktd I harp rapltst
from Kepmseirativcs Jurin of Ken
(s-ky. PoStgf of llPnois and Pltggtrt !
of New York. iemocrats.
World Hulliiias
Turkish Itaths.
always open, lieth with l ' ,. ,
rksr saa .ipsmcaro inr ... , n,i ia
tosaases. os rsri now. --
COMPACTS IN STEEL
hTh AT So
LSome times Kept for a Day and So ins
times Until a ' Gentleman" Sub
scriber Can Get to a
Telephone.
"WON T $100,000 FINE BIND IT?"
"NOT IN STEEL BUSINESS."
Tells How Morgan Snapped Up
Idea in Dinner Speech and
Bought Carnegie Out.
Charles M. Schwab tolJ the intimate history of the formation of
the Kreat Steel Trust to the Conjrrcseional Investigating Committee at
the City Hall today. He tokl how lie suggested a mighty consolidation
l a dinner in the University Club at which eighty millionaire bankers,
railroad men and manufacturers were present, headed by J. P. Morgan
and E. H. llarriman, and how his story of his dream then excited the
constructive imagination of J. I'ierpont Morgan, who made it come true.
Particularly interesting was his frankness concerning "gentlemen's
agreements" between rival steel interests. He had heard of many of
these In his thirty years' experience, "my dear fellow," he told Chair
man Stanley. Some were kept, some lasted a day, some a month and
others until the gentlemen who subscribed to the agreements could get
to a telephone.
E
E
Financier Gains After Restful
Nighl Following Rally Prom
Had Sinking Spell.
PARIS, Aug. 41 I. M. John W.
Hai. ms sh. .mi In. eased strength this
afternoon and his physicians feel more
hopeful of the outcome. Charles O.
Hates, the llustioier's son, said: "Father
had a resiful night and seems to be a
little stronger to-day.
Last evening Mr. Ustes recovered
partially from tho sinking spell of the
afternoon, which was so pronounced
that It seemed that the end was near.
Ths relapse followed a chill and left the
patient weaker and with Increased con
gtltlon if Hie lungs.
In spue of this Dr. tiros and his asso
ciates did not despair of tho outcome
and said that at least there wag no im
mediate danger of a fatal termination
of the dbodia.
ARBITRATION TREATIES
RECEIVED BY SENATE.
,, ...... .. , .
Peace Agreements Witn Lngland
and France Sent bV Taft for
Early Ratification.
w ISHINQTO. . Aug. 1. -hive
mfn-
9 altor the Senate ,iin,sl tiiaisv
! I'lcd lent laft sent the general arbitra-
Hon treaties bttWOtd Im l ulled Slates
and 'real Britain and the 1'iuied States
ami franco tu lie 'apltul.
Kacn treaty wa. accompiuiio.1 by a
,.,,,.,, ,..r.... u. u-ansnuiiai. mo i
i.. lent hopes for raUQoatloo of the!
'' ''' 'o"' ' adjourns.
Pending executive session the treaties
remained upon the Vloe-l'resldsnfs
desk The Foreign ItelaUona Committee
will consider thorn to-morrow. Chair-
man Cullom expressed hop that "hoy
might he ratified at this session of Con-
...... but admitted soms opposition hsd
dtvoloped.
GATES STRONGER
DOCTORS ARE NOW
MOR
HOPEFUL
PRICE 0T 3 CENT.
-
further explaining. Mr flchwsh salt
i a tit!.-, nen's agreement" was an on
flerstarullng thai a number of manufac
turers tat down together snd agreed
j that the price should he 'X' dollars and
each should have a share of the busl
' s If a man hroke an agreement
1 he was not hsrred from entering tn
I other one Oh, dear, no."
At the oi;et ,,f his testimony Mr.
BOhwab deprecated the direct statement
thai he had Invented the Steel Trust.
I le modestly put It:
"The enterprise was in my mind ami
T discussed It with many others. I am
r lUrt I was the first."
Mr, Stanley asked Mr. Schwab to
hegln it the heginnlng, the story of the
formation Ol the United States Steol
I 'oriair.it ion.
"In llgt, when I was president of tho
I'arnele Company, J. Kdward Simmons
and Pharltl Bttwari Smith, both highly
tonsldtrtd Snanetgeg of this city, ten
dered me a dinner at the tTnlverslt .'
1 lull There was a distinguished corn
pany of guests.
"In mv remarks at that dinner I took
a my suMect the organisation of the
ti I Industry There was so much In
terest In what I had to say that I
talked at length.
"ECONOMY OF METHODS" NU
CLEUS OF STEEL TRUST
"I developed to thorn the possible
economies of manufacture, ft was nr.'
Idea that instead of having one mill
manufacturing fifty dllTerent products
It would le better for each one of ti ft y
mills to concentrate, on one product
Moreover. It lot IWtd to me wasteful
tl at I'ltteliurg Should ship to CfclatJKI
J CUOgtJo ship to PtttSOBTg and the
it would ot I sam t , dlstric
gets around tho nearest mills
L, folt that when the eaeeuth
the mills were concentrated
product, they Would he Ittn
to better and more pn.rttahl
manufacture Then, too, a general e
ryingc of Information as to method
land cissts would result In enormous s.iv
j !nc. .nd better produott.
"So strongly has that general Ide
remstne.1 with me that at the recen
Itrussels conference I advocated a gen
, mtilI exchange of Information amor,
,.s-..,,s-,. "
l - i, . m.. ,h., ,a- j
,h.:lM (til ea t, other their trade
cret,?" asked Mr. Stanley,
,.j (j0 ..
I ,h.re any reason why ths Steel
t-rp .ration should net do the same?"
oThra , ... ...
;8AYS STEEL TRUST TFI I I
8ATS tTttti IrtuaT TELLi
RIVALS "TRADE SECRETS."
"What:" esolalmed Mr. Stanley,
"It does," said the witness. "Btnoe I
have loft tho Steel Corporation I have
. had practically all the Information
avatlaDle at to their methods, costs
and so-callod trades secrets.' 1 no
ulaTJd
.... -

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