THE STEAL TRUST.
FABULOUS FIGURES. £Br Electric Telegraph—Copyright.} (Eeß; Press Received May 29, at 8.5 a.m. ■ - ;" iVew'Yhrk; May 28, •: Giving evidence before'the' Committee investigating - tlib."s:eel". : indudtrjr" at Washington, Mr.'John W< Gates,-' referring: to the United Stated Steel Corporation's operations, "d'eclated' that millions had been" lost .and ' created, almost in a breath. Carnegie.mills,-, which were "appraised '"as '' AVorth; 160.,000,0UQ dollars were reorganised asworth 320-009,000. dollars; --which -sum Mr recciv'e(f, : "in : 'thc--shape:..of, cofporatipn'secijrltiesv''''' 'He 'admitted,. tbat i! 'had: heon /formed;:. witlrHhV object of 'throttling, icornpetirf. tioii; aiid when jVIK Rockeifeller sought;, to enter ..tire .steel business''-a. deal, was made which forced; hrni to sell out- at 40'. centsloin the dollar. Sir Gates claimed 'that the corporation' was eon-- ■ ceived by himself, and Messrs' C. M. ; Schwahe and Picrpont Morgan. '
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https://paperspast.natlib.govt.nz/newspapers/OAM19110529.2.30
Bibliographic details
Oamaru Mail, Volume XXXIX, Issue 10778, 29 May 1911, Page 4
Word Count
127THE STEAL TRUST. Oamaru Mail, Volume XXXIX, Issue 10778, 29 May 1911, Page 4
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