THE STEEL TRUST.
ENORMOUS PROFITS. By Cable—Press Association —Copyright. New York, February 28. The Steel Trust Enquiry Committee has published the results of the investigations into the accounts, conducted at the instance of the committee. The figures show that P. J. Morgan & Co. received seventy million dollars cash for organising the steel combine, and the net profits of the first nine years reached a billion dollars. Statements made in 1007 to Mr. Roosevelt to the effect that the Steel Trust only controlled SO per cent, of the steel properties in the United States were untrue, as the trusts actually controlled 80 per cent. [A billion is, in England, a million millions, but in France and America a thousand millions.]
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Taranaki Daily News, Volume LIV, Issue 208, 1 March 1912, Page 5
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119THE STEEL TRUST. Taranaki Daily News, Volume LIV, Issue 208, 1 March 1912, Page 5
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