Rensselaer Journal, Volume 11, Number 11, Rensselaer, Jasper County, 22 August 1901 — AN ENEMY TO THE TRUSTS. [ARTICLE+ILLUSTRATION]

AN ENEMY TO THE TRUSTS.

The ex-attorney-general of the state Of Ohio has lately been engaged b/ the “Anti-Trust League” to fight* 8 what is known as the Federal StCeL. Corporation, often referred to as the Billion Dollar Steel Trust. It is argued that under the Sherman law the Federal Steel Corporation has no existence outside of the state in which its charter was granted-—New Jersey. Mr. Monnett will first begin operations in Ohio, where the corporation has vast interests and where the local

anti-trust laws uphold the Sherman act. Mr. Monnett claims that nearly of the stock in the Federal Steel Corporation is owned by foreigners, and that the “plants” not only include mills and factories, but big newspapers as well. The latter, it is said, are purchased in Pittsburg, Philadelphia, Boston, New York, Chicago, Detroit and other large cities. The suits to be prosecuted by Mr. Monnett grew out of the steel workers’ strike.

FRANK S. MONNETT.