Salt Lake Tribune | 1911-06-10 | Page 6 | Mr. Gayley Is Off

MR. GAYLEY IS OFF. The House investigation of the steel trust has provided a lot of intTcsling reading for the American public. True, there has not been ver- much of I his that is absolutely new, but still it if brought forward in a form that, is new, aud with corroborative details unknown before, and especially was the agree merit of President Roosevelt to the work of the combine dimly known to the public at large. Messrs. John W. Gates and Judge E. II. Gary have furnished the information referred to. Now conies Mr. .lames Gaylcy, vice president of the steel corporation, and an officer of the Carnegie concerns for ninny years, who undertakes to douy Mr. Gates's: testimony where Gales showed the difficulty they had in dealing with Carnegie and getting his plants for the combine. Mr. Gaylev snys that Carnegie did not make am threats, that he did not hold up .1. P. Morgan, and that he was in no sense a partv to any of the transactions whereby Iho steel trust was organized, cither in support of that organization or making threats against it. But; Mr. Gates did not impute anything of this kind to Carnegie. On the contrary, ho said that C'arnogio was the main obstacle in the way of the planners of tho trust, not on account ac-count of vhat he was saying, but' in what ho was doing. Jle would not hold to prices, and he wag proceeding to erect certain works that would bo extremely annoying to tho combine, and would .strengthen him so thai it was necessary, in order to establish the combine, to buy Mr. Carnegie out at his own figures. This was done. TJie talk of Mr. Gayloy. therefore, is entirety aside from the question; and while ostensibly denying Mr. Gatos's statements, docs not, "in factt deny an' of them. What, Mr. Carnegie .proposed to do was not a threat against tho trust, save only as it was necessary for tho trust to bead it off. Mr. Carnogie mado no threats, but he put himself into such a position that he had to bo bought off. That is the plain truth about; the matter, that is what Mr. .Gates swore to, and that, is what Mr. Gaylcy does nol deny.