Show PLAIN rl IN LANGUAGE fROM PRESIDENT Tells Senate it is Not Within Its Authority to Give to Head of a HE MAKES SHARP COMMENTS Atty Gen to Wit SI 1 to 10 InquIry ne to rl Rae I JL Jab resident hington today informed th the senate mt tame that Ite he had approved In plain or of the t 1 1 b tM U k I Tn icon Steel eon oration and net to rea to the th nI AI a to Ie II teas 1 his hilt to U tie 1 1 Tho Th President nt he does not I l It to i within the o of cf mn th tI th nate nale to to give trIe ot t tits till t to the of 0 ttA RA Ire nn III fe In to a re rello o lotion Introduced b by Senator on the to t tat on ant he had an e th the steel t ray bu ot of lei III ot of tr Tennessee con concern cern I Inc he tens nul not dl t hili Rt 1 n p M aI was to It by Gen THI NI g CO upon tIt W I the y yAA VI VII AA I to In tore In question Qulon I 1 was personally and re tar I rte lIa every detail FOT Der the thc of the senate J 1 a pv r f If a letter sent lIMIt by m to the ri i al on b Nov 4 1107 1101 as aa s Ny 1 near Dar I II If Gory OU and Mr IT J C Filet on TI of th the stern corpora lion hit ju lust t called R 11 HI upon mEt me They tUe that there Is III a certain the name of t which I have not ken n told lei but bul which I le ot of real Im In Now York ear fr rIP n h will undoubtedly tall fail this week k it If help Is M n not t given Among its 1111 el I re a majority of Ih the or M eMI Cost company compan Ap J has haM been n ur urgently made to the to purchase thus took lito as th the only means ot of avoiding 1 a failure hl lg Jary and Mr 11 Prick In one that as a mere 1 they hy do not care are to pur ma II Un stock Inck that under they would not ol er 1 the he to k aa but little fit will ouie to the corporation the that thaI they are aware that the tho will be ud as aa It a handle handl rot nl attack upon them on the ground that they are allt striving riving to entire a monopoly of t the anti and pre prent nt It that this Ihla would what I leal could be laid Bid but bul what hal might and fall tofu he Bald a Id 0 OP l COMPANY They Die nie that as a mat mattar tt tar of fact the policy polle ol of tho Iho comps lea hila been n to decline to acquire mote I than O 8 per cent Qt of the nIP steel 1 t tand es and that this has hAi been n vend In for tor several vera I years pal paIIt with I I h the obJect ot of preventing th the and as a matter ot of fact theIr p or of teel ateN properties baa haa this N that tt 18 beloW per cent a 60 00 And tile or of the property In hi will wUI not IRI It shove above 60 00 tent hut thOl they feel teel It lit I y to their Inter ml a as to tM the interest or r every avery responsible business man to try to prevent a paulo and general Industrial at th this time tillie and that they are willing to NO gu guinto Into this transaction which tb they would not net otherwise go Into It I seems tb opInion ot of UIo those e beat fitted to ax prese In New York that It would be sit Important factor In pre re venting a b break k that might be ruinous and that tit this bI bas been urged upon them by tM the commission ot of the most oMI bankers In New York who are pow thus thua engaged In to save eave the situation Rut But they a as asserted that they dill did not wish to d do this It If I Mated ate that tt it ought not to be bedone bedone done I answered Anred that willie while of 0 course I could not adl advise them to take takA the action proposed L I felt It no M pUblic dut duty of mine to 10 any ny lion Sincerely yours Uon barle Bonaparte OPI NION Attar After sending this letter t i was WIH ad by the Ihl In his hili opinion no sufficient d for tor legal proceed proceedings In the steel corporation and that the situation had hadIn In been In no way a clanged by Its ot of the Tenn Tennessee I Coal I and Iron Iro company Y YI I IlK bays ve thus thull given to the n tc all Ute the information iii the of C th the t executive de departments which appears to me Ine to bI be material or on the subject ot of the I feel tHI bound however to add thAt t I have the not to respond t to that portion of the resolution calls for tor I a statement ot of id hI for tor T I have done oon so ao because I Itlo Ido do not conceive tt It to b II withIn the au authority of the to give dl ut ot this character to the Mad lead or of an executive department 1 or to demand from him reasons for bl his action treal ot of the departments Are sub subject Sect to n the and to the laws passed b by the Congress tn In pursuance of the and to 10 the dh Uon liona ot of the tha president of oC the United State but nn oth other direction Ure whatever THEODORE ROO tT TI Tip White Whit House HouM Jan C 0 1901 |