Show THE ilif MILLIONAIRES I t tf OF f PITTSBURG u Senator Patterson Patten on Gets After Them With a Very Sharp Stick SENATOR KNOX DEFENDS THEM THEMI I I as UN lib I I I Corn lo I II a III I I te Vi 1111 hi Cut Vilnius S of nf Washington June 15 Senator Pat Pal Patterson Orson terson today toda teds found In the lite Mil bill Inter Incorporating pouting the like JAke Erie Ertl and nd Onto Ohio river skit ship 1111 canal an encouragement to the th ad lid advocates oral of ot the ownership of or the public utilities lie He spoke on the measure Mon after the till senate convened and quoted qU IH d a ii pamphlet Issued by b the Ih com corn company company pany as an all explanation t x for an a congressional charter harter tile the fRet fact that the government might ultimately become the owner of the I he proposed ed ca rA canal rAnal ennit nal nit He lie expressed ed confidence that the wit Mil would a I law and said raid that ariA a It sill nei would be a 3 declaration that the tM government might at t no Of distant day dar own and the canal for or the benefit of oC the country And he h declared that It l was war not a great greal stride I ride front from the of or a R canal to 10 the Ih owner r ship bin of ot a K railroad Mr 11 Patterson did not nol however ho er re reo Kurd gerd this n as the real reason IOn for com corn comIn log In to Congress for tor a charter Ho lie found on Dh the contrary that thal lh there re vas WIS vasa vaSa a final reason Ion for the move mo They were sere preparing to go JiO wild cat cal ting tins In ill the Jungle and the senator predicted that ht In view of or the th trans transaction action cllon in the tn II States Steel cor coT corpora pora I Ion the tile men Mid said to be behind the company Would not enter It U with a with Ith securing less than the four f r to In one on Tn statement Knox who saW that thal the people hail hilI nut not been re for thu steel te l com coat nanlee ask aale askI h hJ I J that the idea Ide wax was w con cnn lived by b eminent financiers of New NewYork NewYork el York ho alad I I and anI the hl people Tople of were f not lot h enough to 10 take le less s than they th could get geL Mr r Patterson contended however that Ihal the th millionaires of nf had h been MeD with those of ot New ew York Tork In the tb organization of the United Untied Steel company cy eJ c He Tie added that thaI they the had succeeded MI In itt sting lit for tor a billion dollars dollar property not worth more thin than The wind and not lIot more mort He lit expressed the opinion that teal steel companies were er behind the enterprise that thai their object was waa U to secure Hr Irot Irol ore or cheaper than before and nd by br means i oC 4 f the te tariff keep price up and ami 1 main maintain min I ala tain their ther monopoly pe Mr r Patterson latt advocated Ot an amend amendment meat ment ml to tho MU bIll bD that tbt would forbid the Ule sale asic ae of ol the canal stock for lees leas le than par pr and Mr Ir Knox Knot said In reply that white he h had bd a great deal dul to do with lh corpora corporations corporations 10 he had hd never klum any except wildcat Colorado Colo mining scheme hem whose whoa C stock was waa 1 sold Ild for fo lees lew than th par rf Mr Ir Patterson admitted that there the were some loins Im wildcat mining schemes end and nd tint that this th was waa a wildcat leu 1 i bt Its II profits mould Od ta tao 1 ex n extorted totted tone from lr the pockets of the h people at lane H U 11 thought the renal anal nal should be b under tle the of the tie inter Int interstate state etl commerce commission t He lie le asked uki Mr r Knox whether there were any aft n mil mu among the th 1 sat nj the latter hatter late replied that there ther wu we among am them one ol on man who hl might Inlet be b classed cle as a a millionaire The Th idra 1 that a s national charter la II I vh because au the Ute may own 01 the canal B Vt 1 or 10 years 11 h ben nr is II too to pen on n absurd to credit said Nd Mr r Patte He lie lf gave five It as hi hi opinion that the Ilc step was waa w taken liken to vure an In the Ib disposal of o stock and sod bonds bond ind concluded conclude IOn ll therefore that tt the th hint ht dis at 1 fit h tore ture government Ic ownership ms a mere subterfuge |