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Show SAYS PANIC NOT STARTED TOiNBAI PerKins Vigorously Denies When Question Is AsKed by Member. ASSERTS CORPORATIONS MUST HAVE RELIEF Declares They Cannot Ex-j Ex-j 1st Under Present Conditions Con-ditions in U. S. If 1 1 1 1 1 1 1 1 1 1 1 1 1 II 1 1 1 1 1 1 1 1 1" X TODAT Of CONaSESo. X SENATE Mat at noon. X 4 Cotton tariff revision bill re- 4 4 ported adversely to senate, but 4 4 consideration postponed until 4 4 another dsy. 4 4 La Follette and Underwood 4 ' agaia failed ta agree on wool 4 4 bill and decided to call ia the 4 4 other senate and bouse eoa- 4 J. f ..... timniiif n ennaide 4 tire tariff situatioa. The senate took np the Cum- mine bill to require the ns. tional monetnry commission to report next December. Senators Cummins and Hey- burn attacked the monetary f commission. 8enator Burtoa defended it. HOCHG Met at noon. Considered business under call of committee. George W. Perkins continued testimony before steel trust in- vestigatingcommittee. Dr. F. E. Dnnlap, assistant chemist, department of agrieul- ture, appeared before committee iavestigating the Dr. Wiley ease. - Hones agreed to senate amendments to statehood bill. 'Adjoaraed at 1:3.1 p. m. out of respect to the memory of Rep- resentative Gordon of Tennessee. Democratic Leader Under- wood indicated that agreement . was aear on free list bill. IM I H 1 1 I I I I I I I I I I I I I I I I H- WABHTOTOW, Aug. 10. Oeorge W. SmUm JImAm jrf TTnttad aiiaaa Steel corporation, testifying before th houae steel Inveetlgftlng oemmlttoe today to-day ereated a stU wha h lamped to hi foot aad branded aa f alas ths statement state-ment that tba panic of ltof had boon started to rain certain banks. Representative Bartlett asked Mr. Perkins if such was not tha case, but th Nw York financier was oa his feet is second, saying: "Suck a charge is absolutely fahm. Tare ia not a scintilla of truth in It." fats of Standard a Warning. 'The government's sepe ratios of th Standard Oil company into thirty-three thirty-three parts, Mr. Perkins declared, was certainly a warning to corporations. Hs suggested that something should be done to relieve the present conditions under which, he contended, corporations could not continue to exist. Representntive Bnrtlett referred to (Continued oa page 8.) SATS PANIC (Continued from peg 1) 'the conspiracy ebarge that a group of bankers started th panic f 1907 to drive certain bankers out of buslneaa. -Mr. Perkins became emcited. He jumped to bis feet. Pounding the table vigorously vigor-ously with hia fiet, be aaid: "fy dear Judge, there never was a mora infamous lie started than that. Thar ia not a scintilla of truth ia it. You might just as wall aay that a certain cer-tain group of gentlemen made a contract con-tract with Mr. O'Leary'a cow to kick over th lamp that ut Chicago a -Are ' f Mr. Bartlett asked Mr. Perkins If k agreed with Judge Gary as to government govern-ment control of corporations. Agrees and Disagrees. "I agree with Judge Gary," said Mr. Perkins, "that something of a constructive con-structive nature ought to be done with reference to tb supervision of our great corporations. As to Judg Gary 'a opinion that there should be government govern-ment regulation of prices, T don't agree. I would regard that aa the very last reaort and it would be muck regretted , if it became necessary. j "As between going to that limit, or to continue as we are going now, I would prefer to go to that limit. "W have reached a point where th executives of our government, ia enforcing en-forcing th laws mad by congTesa which they ar ia honor bonnd to do, are proceeding at this moment Jo die-solve die-solve the Standard Oil company. That action ought to be a red flag, a danger flag to other corporation in this country. coun-try. - "The government is now engaged in breaking it into thirty-three different parts. If that isn't a notie to other corporations to look out, 1 don 't know what is. That is why I am opposed to anv effort to break up the steel corporation.' cor-poration.' Chairman Stanley then answered Mr. Perkins. Steel Corporation Bop of Sand. "Isn't it true." he asked, "that th stel corporation is a rope of sand, that it doe not own a mill, na acre of ground or on material thing, and that th subsidiary companies have their. own eoraorate entity. Even the counsel coun-sel of the steel corporation has .refused .re-fused to give ua th minutes of those aobeidiary companies for that very rea-eon". rea-eon". Here Mr. T.indaburr. counsel for the corporation, made vigoroua denial that b bad refused to produce th book) and minutes. " Mr. Perkins denied that J. P. Tlor-v gan 4 Co. and associate banker of . New York dominated the financinl nf-farre nf-farre of the United Stntea when th matter waa put to him in th form of question. Mr. Perkina waa expected quickly to complete his testimony. It was arranged, that Oakleigh Thorne of the Trust Compear Com-pear of Amerire. and Richard Trimble of the United ettatee Steel corporation, subpoenaed for today.j ahould follow Mr. Perkins on th witness strad. Stanley and Lindabtrry' Confer. Before Mr. Perkina took tb witness stand a conference was held between B. V. Lindnbnrr, eouneel for tte steel corporation, cor-poration, and Representative Stanley of Kentucky, chairman of tb committee, relating to the production of the books and records of the subsidiary companies of the steel corporation, demanded yesterday yes-terday by the committee. Mr. Lindabury did not receive an of- 'IaIbI nov nf tka raaolntioa until to day. No announcement waa made as to the intention of th steel corporation. Oakleigh Thorne. president of th Trust Company of America, arrived at the committee room early, prepared to tak th stand. U. 0. Temple. ' former secretary of th United Statea Steel Plate association, associa-tion, waa also subpoenaed today. Chair-maa Chair-maa fttaoley ststed that Richard Trim- ble, secretary of the steel corporation, probably eVould not appear befor tomorrow. |