Show WHAT HAPPENS IN WAE TIME congressman mcswain Bles waln mr colver former chairman of the federal trade commission reported that the alan wood iron steel co in 1917 made 52 per cent profit allegheny steel co 78 per cent cc n t profit prof I 1 t american tubs tube and stamping cj 40 per cent profit central iron and steel co 71 per cent profit eastern steel co 30 per cent n t 1 forged steel wheel per pica tt co 1 0 5 per cent e ia profit follansbee brothers co per cent profit nagle steel co percent profit west PC penn in steel co per cent profit lt and the west weis t Leech leechborg leechburg burg steel co per cent profit rofle that was getting along alone toward the range of profiteering tor for a steel company would you not say mr baker former secretary of 0 war I 1 would think those were all e excessive profits congressman mcswain Ar cSwain whereas t be r records e eor ds f for 0 r th the e y year e ar 1 1912 9 1 2 s show that h t t the h a average e r a ge profit p ro fl t tor fo r all a 1 I 1 these t h hedv e steel companies was 47 per cent for 1913 57 per cent tor for 1914 2 as percent and tor for 1916 1915 62 52 per cent it the profits had risen as indicated by the report at that time lime thell it la Is a very natural conclusion that that profit making veered into inlo the class of profiteering und and that pro f was due to war conditions 1 would you not conclude from hearings before the war policies commission COM mission |