"
Before taking up the matter in its large aspect, I wish to say one word
as to one feature of the Government suit against the Steel Corporation.
One of the grounds for the suit is the acquisition by the Steel
Corporation of the Tennessee Coal and Iron Company; and it has been
alleged, on the authority of the Government officials engaged in
carrying on the suit, that as regards this transaction I was misled by
the representatives of the Steel Corporation, and that the facts were
not accurately or truthfully laid before me. This statement is not
correct. I believed at the time that the facts in the case were as
represented to me on behalf of the Steel Corporation, and my further
knowledge has convinced me that this was true. I believed at the time
that the representatives of the Steel Corporation told me the truth as
to the change that would be worked in the percentage of the business
which the proposed acquisition would give the Steel Corporation, and
further inquiry has convinced me that they did so. I was not misled. The
representatives of the Steel Corporation told me the truth as to what
the effect of the action at that time would be, and any statement that I
was misled or that the representatives of the Steel Corporation did
not thus tell me the truth as to the facts of the case is itself not in
accordance with the truth.
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