. Review of reviews and world's work . a company thathad recently assumed a position of potentialcompetition of great significance. By thispurchase, continues the brief, the corpora-tion acquired 447,423 acres of mineral landsin Tennessee, Georgia, and Alabama, con-taining approximately 400,000,000 tons ofmerchantable ore and 1,200,000,000 tons ofcoal, of which over one-third is coking coal,and thus it greatly strengthened its controlof the iron ore supply of the country and itspredominating position in the iron and steeltrades of the South, eliminated a competitorand unlawfully acquired a pow
. Review of reviews and world's work . a company thathad recently assumed a position of potentialcompetition of great significance. By thispurchase, continues the brief, the corpora-tion acquired 447,423 acres of mineral landsin Tennessee, Georgia, and Alabama, con-taining approximately 400,000,000 tons ofmerchantable ore and 1,200,000,000 tons ofcoal, of which over one-third is coking coal,and thus it greatly strengthened its controlof the iron ore supply of the country and itspredominating position in the iron and steeltrades of the South, eliminated a competitorand unlawfully acquired a power which is amenace to the welfare of the country andshould be destroyed. It should be remem-bered, however, that the Steel Corporationhas already gone a long way toward disprov-ing many of the sensational charges that havebeen made regarding the Tennessee trans-action and toward dispossessing the publicmind of the exaggerated ideas that were firstprevalent as to the effect of the Coal and Ironpurchase upon its position in the A statement ^^ Novcmbcr i6 appeared a from statement from Mr. Roosevelt, in Mr. Roosevelt ^-^^ ^^^^ ^f ^^ editorial in the Outlook, that keenly interested the wholecountry. Mr. Roosevelt not only reiteratedin the strongest terms his denial that had deceived him in the matter of theTennessee Coal and Iron transaction, bututtered a ringing criticism of the presentgovernmental activities in the field of BigBusiness. The present Steel Trust suit, hesays, has brought vividly before our peoplethe need of reducing to order our chaoticgovernment policy as regards business. . .To attempt to meet the whole problem by asuccession of lawsuits is hopeless. ... It ispractically impossible to break up all com-binations merely because they are large andsuccessful and to put the business of thecountry back into the middle of the eight-eenth century. Mr. Roosevelt maintainsthat the Oil and Tobacco suits leave the com-panies still substantially under the con
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