| Show i PBS DENT NOT AUTHURllEO TO PERMIT SORPTION A Such Is the Report of Committee AppoInted Ap-pointed to Investigate Merger of Tennessee and Steel Trust Washington By a vote of three to two the subcommltteo of tho committee < m Judiciary which has been investigating the merger of tho Tennessee Coal and Iron company and tho United States Steel corporation on February 20th decided to report to the full committee that tho president was not authorized to permit tho absorption ab-sorption The committee found also that President Pres-ident Roosevelt was equally unauthorized unauthor-ized to direct time attorney general not to interfere with the merger and not to enforco tho federal statutes against It It was decided also that as both companies were engaged In interstate commerce tho absorption was In violation vio-lation of tho Sherman antitrust law It was found that tho effect and purpose pur-pose of tho absorption wero to monopolize monop-olize the Iron ore supply of the country coun-try and generaly to eliminate tho Tennessee Ten-nessee company as a competitor of tho United States Steel corporation The inquiry was conducted by a subcommittee sub-committee of five Messis Clarke ot Wyoming Ktttrcdge Dllllngham Cul berson and Overman The first three of these are Republicans and the last two Democrats Senator Klttrodgo joined with the two Democrat in making tho majority report No minority mi-nority report was made by Senators Clarke and Dillingham |
