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Newspaper
Washington Post
Location
Washington, Washington Dc, United States of America
Date
Feb 29, 1912
Page
9
Government seeks to dissolve United States Steel Corporation and its subsidiaries amid an antitrust suit. Proceedings will include amended bills and formal replication denying the steel firms claims. Judge Gray to hear arguments on permanent injunction and master to review testimony.
The report notes President Taft delaying a sentence review by the Department of Justice while he investigates a ten year term for M. M. Carliale. It mentions a Maryland or Georgia associate arriving for a conference, a note on a dissolution case in Macon, and congressional figures urging rail labor inquiry. It also covers Dutchess County Republicans backing Taft with one vote against, and New Hampshire efforts to form a Taft league in Concord.
McRae reports United States Steel Corporation held 80 per cent of the steel business, profits from raw materials and semi finished goods boosted by interlocking directors. Nine year earnings near $1.03 billion, with dividends in subsidiaries totaling about $3.65 million, and prices kept high by controlling ore coke and pig iron.
The Senate debated Wisconsin Senator Stephenson's election with attack on primaries as graft risk. Heyburn said Stephenson was twice elected by legislature and joint vote, denounced primaries as straw votes. McCumber Overman Borah Bristow defended the law amid sharp exchanges on electoral processes.
Missouri Senator Reed harshly assailed Delaware Senator du Pont in a Senate speech, urging a full inquiry into charges discussed by the judiciary committee. He argued if the committee's evidence stands a Senate investigation and an explanation from du Pont are required, citing alleged large payments used to influence voters. Heed defended the testimony, saying thousands of dollars were distributed by the du Pont firms to sway voters, and warned the Senate cannot ignore the duty to probe.
Differences among Democratic members of the House Ways and Means Committee over the sugar tariff schedule will be reviewed at a party caucus next Friday afternoon. Rep Burleson urged the session, with plans for a duty cut of over 40 percent to about 2 cents a pound on refined sugar and a consumer tax on all sugar manufacturers from 7 to 12% per pound. Sugar revenues total between 56 million and 900 million annually amid a battle between free sugar advocates and revenue-focused reductionists.
Senator Smoot yesterday reported the codified printing bill to the Senate. The measure excludes an agreed plan with plate printers and will appear in the sundry civil appropriation bill. Director Ralph told the committee the deal would save about 160000 the first year and up to 600000 annually by year five. The update also drops the second blue book volume at a 5000 cost and raises the pressroom wage to 65 cents per hour.
A House library committee will discuss a national Washington to Gettysburg highway memorializing Abraham Lincoln. Rep Borland of Missouri will present the Oil proposal with GA R Gen Bigok and Gen Hopkins among attendees. Maryland officials and Frederick Westminster mayors also expected.
House approves first step of War Department plan to concentrate troops in fewer garri sons. Fort Oglethorpe Ga becomes a regimental point as the forty four to one hundred and seventy seven to eighty nine vote follows hours of debate led by Representative Fitzgerald of New York. The bill also authorizes pay for employees in arsenals and ordnance factories who suggest or invent improvements.
Charles Corbin of New Britain Connecticut married Mona Drew Babbitt today here to gain an extra 4600 bequest. The will from his late father Philip Corbin provided 32000 additional funds if he wed within one year. The union occurred within the permitted period, with friends noting no connection to prior Corbin affairs.
Delegates from Boston Philadelphia San Francisco and Portland urged President Taft and Congress to ensure no railroad company operates steamships through the Panama Canal favoring free traffic or tolls for American shipping. The appeal continued before the Senate Interstate Commerce Committee with supporters arguing against canal tolls and railroads paying taxes on right of way. Taft also discussed Federal agricultural extension with bankers and lawmakers outlined quo bills in the House.
The White House received gifts from Mary Flattery of New York a silk silk hamrock and a gold snake to wear on his coat lapel during the St Patrick Day parade in Reaton. Taft also accepted an invitation to the Lemn League banquet in Philadelphia on April 27 Gen Grant’s birthday.
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