Absorption of the Tennessee Coal & Iron Co: Views of Messrs, Culberson, Kittredge, Overman, Rayner, Bacon, Neson, and Foraker of the Senate Committee on the Judiciary, Together with the Hearings Held Before a Subcommittee in Relation to the Absorption of the Tennessee Coal & Iron Co. by the United States Steel CorporationU.S. Government Printing Office, 1911 - 106 lappuses |
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absorption acquired amount answer assets Attorney banks believe Birmingham Birmingham Southern Railroad borrowed money cent CHAIRMAN Coal & Iron Coal and Iron coke collateral Commissioner of Corporations confidential Congress construction cost course December 31 embarrassed fact firm Frick furnaces held hold interest Iron & Railroad Iron stock J. P. Morgan January January 22 Judge Gary Judiciary loans majority manufacturing matter mean merger mill mines Moore & Schley nessee Coal November opinion organization paid panic partnership PERKINS pig iron President production purchase question Railroad Co recollection reference resolution Schwab securities sell Senator CULBERSON Senator KITTREDGE Senator OVERMAN shares six million dollars SMITH statement steel company Steel Corporation steel rails subcommittee subsidiary companies syndicate Tariff Hearings Tennessee Coal Tennessee company Tennessee stock testimony THORNE tion tons took transaction United States Steel York
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17. lappuse - SEC. 4. The several circuit courts of the United States are hereby invested with jurisdiction to prevent and restrain violations of this act ; and it shall be the duty of the several district attorneys of the United States, in their respective districts, under the direction of the attorney general, to institute proceedings in equity to prevent and restrain such violations.
42. 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 commerce among the several States and with foreign nations, excepting common carriers, subject to "An act to regulate commerce...
23. lappuse - Again, all the authorities agree that in order to vitiate a contract or combination it is not essential that its result should be a complete monopoly ; it is sufficient if it really tends to that end and to deprive the public of the advantages which flow from free competition.
18. lappuse - There are certain political duties imposed upon many officers in the executive department, the discharge of which is under the direction of the President. But it would be an alarming doctrine, that congress cannot impose upon any executive officer any duty they may think proper, which is not repugnant to any rights secured and protected by the constitution; and in such cases, the duty and responsibility grow out of and are subject to the control of the law, and not to the direction of the President.
4. lappuse - General not to respond to that portion of the resolution which calls for a statement of his reasons for nonaction. I have done so because I do not conceive it to be within the authority of the Senate to give directions of this character to the head of an executive department or demand from him reasons for his action. Heads of the executive departments are subject to the Constitution and to the laws passed by the Congress in pursuance of the Constitution and to the directions of the President of the...
18. lappuse - He is to affix the seal of the United States to the commission, and is to record it. This is not a proceeding, which may be varied, if the judgment of the executive shall suggest one more eligible ; but is a precise course accurately marked out by law, and is to be strictly pursued. It is the duty of the secretary of state to conform to the law, and in this he is an officer of the United States, bound to obey the laws. He acts, in this respect, as has been very properly stated at the bar, under the...
19. lappuse - We have no officers in this government, from the President down to the most subordinate agent, who does not hold office under the law, with prescribed duties and limited authority.
23. lappuse - That to vitiate a combination, such as the act of Congress condemns, it need not be shown that the combination, in fact, results or will result in a total suppression of trade or in a complete monopoly. but it is only essential to show that by its necessary operation it tends to restrain interstate or international trade or commerce or tends to create a monopoly in such trade or commerce and to deprive the public of the advantages that flow from free competition...
19. lappuse - It would be vesting in the President a dispensing power, which has no countenance for its support in any part of the Constitution, and is asserting a principle which, if carried out in its results to all cases falling within it, would be clothing the President with a power entirely to control the legislation of Congress and paralyze the administration of justice.
17. lappuse - The principle involved, in its broadest sense, is inherent in our form of government and is essential to the preservation of the rights and liberties of the people.