United States Steel: A Corporation with a SoulCotter, Arundel
History
United States Steel: A Corporation with a Soul
Cotter, Arundel
United States Steel Corporation
Following the Stanley investigation came the Government’s Steel
dissolution suit. That the one grew out of the other is easy to
believe. In fact, it would be difficult to think otherwise. The United
States Steel Corporation had been organized, had done business, and
prospered under successive Republican administrations. It had been
investigated by the governmental departments charged with such work but
these had failed to find sufficient evidence to warrant the bringing of
a suit against the big company. The Stanley resolution was passed by
a House controlled by a Democratic majority and the measure had been
applauded by a large body of voters who had been taught to believe by
their political advisors that all big business was necessarily evil.
The Republican Party was facing grave danger of defeat in the coming
elections of 1912 and the advantage the investigation had gained
for the Democrats among the class of voters referred to could only
be offset, it seemed, by a political “grand-stand play” of the same
nature. Here, again, we come to a question of motives, but all the
evidence obtainable seems to show that this was at least one of the
reasons why, on October 26, 1911, the Attorney-General for the United
States, George W. Wickersham, caused to be filed at Trenton a suit for
the dissolution of the United States Steel Corporation.
It cannot be said that the suit surprised any one. The country at
large had long wondered why no action had been taken against the Steel
Corporation; why this great combine alone seemed to be immune from
attack by the Federal authorities. Those unfamiliar with its conduct
and policies and knowing it only as the biggest of the “trusts” could
attribute the immunity only to political influence, while those better
informed, although believing that the Corporation’s entire history
had been such as to render attack futile, all violations of the law
having been carefully avoided by it, and that the Corporation was not a
monopoly in restraint of trade, felt that the force of popular opinion
must sooner or later result in a suit.
In the Government’s charges were reiterated practically the same
complaints found against the Corporation in the Stanley report; and a
complete dissolution was asked for. The Corporation replied denying in
toto all the charges and asserting its innocence of any violation of
the Sherman Anti-Trust Act.
Jacob M. Dickinson, former Secretary of War in the Roosevelt cabinet,
was put in charge of the prosecution, assisted by Henry E. Colton. An
imposing array of legal talent was lined up on the Corporation side,
its counsel including Joseph H. Choate, John G. Johnson, Francis Lynde
Stetson, Richard V. Lindabury, Cordenio A. Severance, David A. Reed,
and Raynal C. Bolling. The actual conduct of the case was principally
in the hands of Messrs. Lindabury, Severance, and Reed.
Public-domain text, read in full here on John Shaqi.
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