Show t BACON SAYS GARY i PUT INTO EFFECT J ja MORGANS MORGAN'S IDEAS Destructive Competition Abolished Abolished Abol Abol- 1 I by Head of U U. U S Sf S. Steel Corporation New York Tork Juno June 14 Robert H.-Robert Robert Bacon a director of ot tho the United States Steel corporation corporation corporation cor cor- former ambassador to France and former member of at the firm of ot J. J P. P Morgan an Co testified today for tor the defense defenso In tho the hearing of th the l govern govern- V mont suit to dissolve tho corporation Mr 11 Bacon wa was a director of the I Illinois and Federal Federa Steel companies before before before be be- fore they r were acquired b by the thc corporaL corporation corporation corpora corpora- L tion anu and figured ls in hi the tho organization of at the parent company compan He Ho resigned from tram r its directorate In 1905 he said and was WI elected re-elected in 1912 The Thc witness described In detail the thene ne negotiations which led up to the formation forma forna- tion of at the corporation and corroborated corroborated f orated the tho testimony of at Judge Gar Gary that the tho idea of or obtaining a monopoly or tg suppressing suppressing- competition was not discussed discussed dis dis- cussed by its organizers organize 4 Gar Gary chairman of ot the corporation cor cor- I. I oration has hal carried out Mr 1 Morgans Morgan's ideas said Mr 1 Bacon lie Ho has abolIshed abolIshed abolished abol abol- destructive competition and has been responsible for fOl new conditions in other industries as us well vell a as Did Mr Ir Morgan who took part In Inthe the formation of the United States Steel J i corporation take part In the formation I of or the Northern Securities company compan asked aked Henry Henr E. E Colton of ot counsel for forthe or I the government Yes And the Northern Securities c company corn com m- m pany any was as dissolved Yes Mr Bacon admitted that tile die main maintenance to- to nance zance o of pools pools' was probably not contrary contrary con con- 1 to the tho policy polle of oC Charles M. M I. I U. U I Schwab and William I am E E. Corey Core former Carmer I presidents of ot the tho steel corporation but insisted that the poll policy C of ot the corporation corpora corpora- I I tion itself and that of ol Judge Gar Gary wn was them c emphatically against |