Hearings Before a Subcommittee of the Committee on the Judiciary ...: Relating to the Absorption of the Tennessee Coal, IronU.S. Government Printing Office, 1909 - 82 lappuses |
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absorption acquired amount assets Attorney-General believe borrowed money Bureau of Corporations cash cent CHAIRMAN Coal and Iron collateral Commissioner of Corporations common stock competent to answer confidential Congress construction course December 31 embarrassed fact finance committee firm Frick furnish held inquiry interest Iron and Railroad Iron Company Iron stock J. P. Morgan January January 22 Judge Gary Judiciary Ledyard loans majority matter mean merger mill Moore & Schley nessee Coal November o'clock a. m. open-hearth process organization paid panic pany partnership PERKINS personal knowledge President purchase question rail Railroad Company recollection reference securities sell Senator CULBERSON Senator KITTREDGE Senator OVERMAN shares six million dollars statement steel bonds Steel Company Steel Corporation steel plant subcommittee subsidiary companies T. C. I. stock Tennessee Coal Tennessee company THORNE tion took transaction understand United States Steel York
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18. lappuse - The said Commissioner shall have power and authority to make, under the direction and control of the Secretary of Commerce and Labor, diligent investigation into the organization, conduct, and management of the business of any corporation, joint stock company, or corporate combination engaged in the commerce among the several States and with foreign nations, excepting common carriers subject to "An Act to regulate commerce...
18. lappuse - An Act to regulate commerce," approved February fourth, eighteen hundred and eighty-seven, and to gather such information and data as will enable the President of the United States to make recommendations to Congress for legislation for the regulation of such commerce...
42. lappuse - ... securities and relieve that part of the situation. I remember it was discussed as to whether cash could be provided or whether it could not, and how it might be done. Finally someone made the suggestion, which afterwards worked out, that the corporation might furnish its 5 per cent second-mortgage bonds The CHAIRMAN. That is, the United States Steel Corporation ? Mr. PERKINS. Yes; the United States Steel Corporation in lieu of cash, and in this way put in lieu of these loans securities...
5. lappuse - York that it will be an important factor in preventing a break that might be ruinous; and that this has been urged upon them by the combination of the most responsible bankers in New York who are now thus engaged in endeavoring to save the situation. But they asserted they did not wish to do this if I stated it ought not to be done. I answered that while of course I could not advise them to take the action proposed, I felt it no public duty of mine to interpose any objection.
29. lappuse - March, 1906, we certify that, in our opinion, the Balance Sheet is properly drawn up, so as to exhibit a true and correct view of the state of the Company's affairs...
5. lappuse - ... per cent of the steel properties, and that this purpose has been persevered in for several years past, with the object of preventing these accusations, and, as a matter of fact, their proportion of steel properties has slightly decreased so that it is below this sixty per cent, and the acquisition of the property in question will not raise it above sixty per cent.
18. lappuse - AN ACT To establish the Department of Commerce and Labor. ***** SEC. 6. That there shall be in the Department of Commerce and Labor a bureau to be called the Bureau of Corporations, and a Commissioner of Corporations who shall be the head of said bureau, to be appointed by the President, who shall receive a salary of five thousand dollars per annum. There shall also be in said bureau a deputy commissioner who shall receive a salary of...
5. lappuse - Frick inform me that as a mere business transaction they do not care to purchase the stock; that under ordinary circumstances they would not consider purchasing the stock, because but little benefit will come to the Steel Corporation from the purchase; that they are aware that the purchase will be used as a handle for attack upon them on the ground that they are striving to secure a monopoly...
3. lappuse - Resolved, That the Committee on the Judiciary be, and it is hereby, directed to report to the Senate, as early as may be practicable, whether, in the opinion of the committee, the President was authorized to permit the absorption of the Tennessee Coal & Iron Co. by the United States Steel Corpora tion, as is shown by the message of the President in response to Senate resolution No. 240, this session.
5. lappuse - President was authorized to permit the absorption of the Tennessee Coal and Iron Company by the United States Steel Corporation, as is shown by the message of the President in response to Senate resolution numbered two hundred and forty, this session.