Event

U.S. Steel's purchase of the Tennessee Coal and Iron Company

November 1907 acquisition, which President Roosevelt let proceed after a visit from Elbert Gary and Henry Clay Frick.

6 links, 2 backed by primary records

Connections 6

Henry Clay Frick called on the President for the Steel Corporation Self-published 1
Elbert H. Gary called on the President for the Steel Corporation Self-published 1
Theodore Roosevelt President Primary record 2
United States Steel Corporation buyer Self-published 1
United States Steel Corporation the Government's suit against the Steel Corporation, which named this purchase, was dismissed and the dismissal affirmed in 1920 Primary record 3
Tennessee Coal, Iron and Railroad Company company bought Self-published 1

Timeline 1 date

Proof 3 sources

Theodore Roosevelt: An Autobiography, Theodore Roosevelt, Macmillan (text via Project Gutenberg #3335), 1913. Self-published
Judge E. H. Gary and Mr. H. C. Frick, on behalf of the Steel Corporation, have just called upon me.
One of the grounds for the suit is the acquisition by the Steel Corporation of the Tennessee Coal and Iron Company
Among its assets are a majority of the securities of the Tennessee Coal Company.
Letter from Theodore Roosevelt to Charles J. Bonaparte, 4 November 1907, Theodore Roosevelt Center, Dickinson State University (from the Library of Congress Manuscript Division), 4 Nov 1907. Primary record
Roosevelt told them that while he could not advise them to take the proposed action, he felt it was not his duty to tell them not to.
United States v. United States Steel Corporation, 251 U.S. 417 (1920), Supreme Court of the United States (text via GovInfo, U.S. Reports vol. 251), 1 Mar 1920. Primary record
The case was heard in the District Court by four judges. They agreed that the bill should be dismissed
223 Fed. Rep. 55, affirmed.

Page history 1 change