HEARINGS BEFORE THE COMMITTEE ON INVESTIGATION OF UNITED STATES STEEL CORPORATION HOUSE OF REPRESENTATIVES1911 |
Common terms and phrases
acres agreement amount answer banks BARTLETT BEALL Bessemer BOILEAU capital Carnegie cent CHAIRMAN Coal & Iron coke collateral condition CONGRESS cost DANFORTH dollars exchange fact finance committee firm Frick furnaces GARDNER GIVEN HANNA interest International Harvester International Harvester Co interposing Iron & Railroad Iron stock J. P. Morgan Judge Gary Kessler labor LEDYARD LINDABURY LITTLETON loans manufacture matter mean mill million mines Moore & Schley OGLEBAY paid panic PERKINS pig iron Pittsburg plant preferred stock President production profit purchase question recollection reference remember ROOSEVELT Schley's SCHWAB securities sell Senator CULBERSON Senator KITTREDGE Senator OVERMAN shares SHOEMAKER situation SMITH sold statement Steel Corporation STERLING stockholders syndicate Tennessee Coal thing THORNE tion to-day tonnage tons TOPPING transaction trust companies understand United States Steel witness York YOUNG
Popular passages
Page 1139 - SEC. 4. The several circuit courts of the United States are hereby invested with jurisdiction to prevent and restrain violations of this act ; and it shall be the duty of the several district attorneys of the United States, in their respective districts, under the direction of the attorney general, to institute proceedings in equity to prevent and restrain such violations.
Page 1145 - That to vitiate a combination, such as the act of Congress condemns, it need not be shown that the combination, in fact, results or will result in a total suppression of trade or in a complete monopoly, but it is only essential to show that by its necessary operation it tends to restrain interstate or international trade or commerce or tends to create a monopoly in such trade or commerce and to deprive the public of the advantages that flow from free competition...
Page 1139 - No man is above the law and no man is below it ; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right ; not asked as a favor.
Page 1141 - It would be vesting in the President a dispensing power, which has no countenance for its support in any part of the constitution; and is asserting a principle, which, if carried out in its results, to all cases falling within it, would be clothing the President with a power entirely to control the legislation of Congress, and paralyze the administration of justice.
Page 1164 - The said Commissioner shall have power and authority to make, under the direction and control of the Secretary of Commerce and Labor, diligent investigation into the organization, conduct and management of the business of any corporation, joint stock company or corporate combination engaged in commerce among the several States and with foreign nations, excepting common carriers, subject to "An act to regulate commerce...
Page 1145 - Again, all the authorities agree that in order to vitiate a contract or combination it is not essential that its result should be a complete monopoly ; it is sufficient if it really tends to that end and to deprive the public of the advantages which flow from free competition.
Page 1126 - Roosevelt replied, refusing to honor this request upon the ground that "heads of the executive departments are subject to the Constitution, and to the laws passed by the Congress In pursuance of the Constitution, and to the directions of the President of the United States, but to no other direction whatever
Page 1141 - We have no officers in this government, from the President down to the most subordinate agent, who does not hold office under the law, with prescribed duties and limited authority.
Page 1141 - It was urged at the bar, that the postmaster general was alone subject to the direction and control of the President, with respect to the execution of the duty imposed upon him by this law; and this right of the President is claimed, as growing out of the obligation imposed upon him by the constitution, to take care that the laws be faithfully executed.