BURSTING THE STEEL TRUST
PLANS OF THE GOVERNMENT. I*y Cable—Press Association—Copyrieht. Washington, October -27. The Federal Government has planned a suit to break the Steel Trust. The hearing; of the preliminary petition will begin in the Trcton. New Jersey. Circuit Court. The Government demands the dissolution of »li the subsidiary companies, as well as all the constituent companies. Thirty-six subsidiaries are named. The defendants' petition declares that Messrs. Gary and Frick, directors of the Steel Trust, misled Mr. Roosevelt regarding the purchase of the Tennessee Coal and Iron Company. SHARP FALL IN SHARES. Received 20, 5.5 p.m. New York. October 28. United States steel shares fell eight points, causing a panic during early movements, in which the trading had reached enormous proportions. Other issues wore seriously affected. The demoralisation was solely due to the announcement of the Government's a „tj. trust suit.
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Taranaki Daily News, Volume LIV, Issue 110, 30 October 1911, Page 5
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142BURSTING THE STEEL TRUST Taranaki Daily News, Volume LIV, Issue 110, 30 October 1911, Page 5
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