Jasper County Democrat, Volume 9, Number 26, Rensselaer, Jasper County, 29 September 1906 — Pearls and the Steel Trust. [ARTICLE]

Pearls and the Steel Trust.

The Indianapolis News printed the following item the other day: “Judge Elbert H. Gary, chairman of the United States Steel corporation directors, paid $31,800 duty on two pearls which he brought with him from France. He announced that they were a present for Mrs. Gary, who is especially fond of pearls. The pearls are worth $63,000." As the head of the steel trust, Judge Gary can doubtless buy pearls for $52,000 and pay $31,800 duty on them without cramping himself. The Dingley tariff "protects” the steel trust for the benefit of Gary and his associates —Carnegie, Frick, Schwab, Corey and the rest. It is estimated that the steel trust—which sells its products cheap abroad and high at home, will clear $160,000,000 this year. That is something like 31 per cent on-the "real money” invested in Its business. The people "pay the freight” and likewise the duty on Gary’s pearls, to say nothing of the coats of the numerous divorce suite of the steel magnates.