Show CARNEGIE TRIES TO TOA T TAKE AleE r A SHOT A AT THIS HIS OLD OLD T TIM 1 RIV RIVAL AL HENRY CLAY fR GK 1 1 j tn 1 1 y r J i U t. t Wt c. c I q A h If k J t If H f i f I I r. r j 1 r t I t i j 1 I I 5 t J 1 TT 1 I i.- i. t 1 L 2 l c 1 t I r 7 1 tl 4 c. l kiT I 1 1 II I J. J t r r R j I V 1 I c. c m- m t 7 i 1 4 1 i l Destroy Great American Industry to Get Even Fiven His Old Enemy Washington W Dec Dec- 21 hi In an au attempt to strike at Ills his old enemy IT ii C C. Ick Fi-Ick s lilio ho has lias the Uie bulk of lib 0 In Ii steel stocks Andrew Carnegie before time the ways a s and anil means committee loda today to o boost for free steel jj The Tiit examination of Mr eo the widest range of subject The fhe Iron master could not be le swerved from rout iii JiN position He lie could not bo ho t Jit home lionie abroad but his led ti into its us to in the co or i- i to cro acute and pointed and liLs hiLs s ansA answer c vas 1 able Here arc aro some somo of or his epigrams An Income tax makes liars of ot a na- na The Time day for tor the small man fn In the thel steel business s has hs passed If ho he attempts at at- f at-f tempts it It it Is argued he ho does doea not deserve success It Il Is not the thc dut duty of ot the tho government govern govern- ment to stand behind a mans man's mis mis- takes lakes The relations of or capital and labor labon abo are mutual It pays vaY to get the best men and anil give them them tho the highest wages a s I 1 had hall 43 partners chosen because of merit merll and all were millionaires when we sold out in 1901 The Tho opportunities for Cor capable men were n never ver greater than v. no now Cheap foreign sales aro are good for tor all co The They evidence the the-fIll- ing of the home market the surplus going to maintain organization at the thel works Figures unless you ou know how to work with them Ore Supply Decreasing ln The Time ore supply of oC this country will not last more moro than 40 10 years ears In England Eng Eng- land hand not more than seven tm years cars Pretty good securities are arc not good l securities for me rue A A stock broker is one ono of or the worst citizens of tho the country PIo Protection should never be he given except temporarily Chairman Sireno E. E Payne read rend from Mr lr Carnegie's magazine articles and the last report of ot the steel corporation cor cor- calling attention to the fact that steel rails were cheaper th than n nother other steel products and argued that it was not fair to average profits on m n steel products taken together to which Mr Carnegie assented Mr l Pa Payne ne then as asked ked the if-the profits profits In tn steel rails were not greater in lit 1907 than ever before Mr Carnegie The production was wag greater M My Iy impression Is the prices were not advanced atI and the tho profits no greater grealer Mr Payne Payne Judge Gary gave figures showing that It U would not hurt hurl the steel corporation to have free Creo trade but bUl said It would cut down wages Mr Mr- Carnegie Carnegie I I dont don't think he said Iatt that Ho said he ho dl di did l not need tilt duty ut Mr P Payne payne payne-Oh t Oh Oh no he I do cIo not think thc they Mr l Carnegie I Carnegie need protection If It we hall had to lo fight hl competition with only two dollars ts profit I would not consider my bonds good Mr Payne Payne I I understand But Dut you could take t over the corporation and put Jut Schwab In charge eMI e Mr MI Carnegie Schwab carnegIe Schwab I Is the smartest smart smart- est man I 1 know know but but f l' o Jd want wat to tobe tobe tobe be pretty close to him When w were wele lo together we were a great a-great great t team am ambul but bul he has los lost Jost t me for or seven years My ly bonds cover er c everything with tho steel corporation Thc They ar are good s I dont don't like pretty prett good ties lies Mr Payne The Payne The German government government govern govern- ment gives rebates to help Its Us trade Their export price Is 62 a ton I am nm trying to get at facts and figures Mr Carnegie Carnegie Yes Yes you arc are pursuing pursuing ing tho the wrong policy on tho wrong track Does any foreign country send rails here Mr Payne Payne No No the duty is live tive Mr 11 Carnegie It Carnegie It Is 7 a ton net Wo Wu t ed abroad tons and l j I met all nil competitors In fn 1907 1901 and WI we wem 1 had a great time tImo marketing It Schwab J t Carnegie v. v Mr r. Payne Payne Schwab Schwab sa says s 's the freight hi rates in hi were third one cheaper than today Mr 11 Carnegie CarnegIe It If you wish to test tt Schwab's statement against mine It ft would be L well to get some authority to weigh them I am disposed to be beHove believe be- be Hove lieve that I wrote sound arguments Materials l and freights may be higher I but did Schwab tell you ou ho he is utilizing I gas gases ases s now and saving thereby and andI I that the slag which was an expense few years ago to remove it la is no now valuable I I am afraid to tell teU you ho how valuable Mr Payne Payne Schwab Schwab says cays labor wasi wai never BO so cheap as In 1899 and that one man did as much then as two men now Also that his salary was cut that year car Mr Carnegie I I dont don't remember ever having cut salaries Congress owes a vote vole of ot thanks to Schwab for his improvements in the business Mr r. rr Pa Payne Payne me l Mr Schwab mado mailo r rails lJ for Cor or 14 14 in 1899 they cost 2150 ir In 1907 Schwab Is a good man wan and up to date Mr lr Carnegie H He was I havo no not been with him for seven years cars Mr Payne Payne We We expected to got get foreign costs from Mr Gary but wo no did lid not We Ye led to believe you knew Mr 11 Carnegie I I have e a general knowledge but it is not fair tall to lo tell you ou That statement In my article has never been refuted Mr Dalzell It Dalzell-It It Is true a as to tin Un tinplate tinplate plate Isn't It Mr 1 Carnegie When Carnegie When a a. ste steel l man talks talles ol or steel teel he doesn't talk talI of ot tin Un plates You men cannot understand the thc talk lalk of ot steel men Mr Longworth We Wo have no authority but you and Judge Gary Mr Ur Carnegie You Carnegie You could get no better beller If It you cant can't convict on tW two such Ouch creditable witnesses then I dont don't I. I know how to lo secure convictions |