. Review of reviews and world's work . exercising control over monopoly prices. The Hill Ore Liinds Deal Copviinln hv The rrcs-; Assnriat: J. PIERPOXT MORGAN(From a snapshot taken in November) As a second serious offense inaid of monopoly committed bythe Steel Corporation, the Gov-ernments petition refers at length to theCorporations lease in 1907, through a sub-sidiary known as the Great Western MiningCompany, of the ore lands owned by theGreat Northern Railway on or near the fam-ous Mesaba iron range of Minnesota. Thistransaction has always been shrouded inmystery, and the lease
. Review of reviews and world's work . exercising control over monopoly prices. The Hill Ore Liinds Deal Copviinln hv The rrcs-; Assnriat: J. PIERPOXT MORGAN(From a snapshot taken in November) As a second serious offense inaid of monopoly committed bythe Steel Corporation, the Gov-ernments petition refers at length to theCorporations lease in 1907, through a sub-sidiary known as the Great Western MiningCompany, of the ore lands owned by theGreat Northern Railway on or near the fam-ous Mesaba iron range of Minnesota. Thistransaction has always been shrouded inmystery, and the lease for some reason orother was never placed on record. But thereare sufficient details generally known to indi-cate that the transaction was of no mean,significance in connection with whatever de-sire the Steel Corporation may have had tocontrol the domestic supply of the raw mate-rial used in the industry. There is littledoubt that the control of this source of sup-ply, comprising approximately 39,280 acres THE PROGRESS OF THE WORLD 659. Copyright by Pach Uros., Neiv York THEODORE ROOSEVELT AS HE LOOKS TO-DAY of land and containing ore variously esti-mated at from 250,000,000 tons (the figuresof the Corporations own experts) to between500,000,000 and 1,000,000,000 tons (thefigures of James J. Hill and his friends), takenin conjunction with other large holdings, leftin the hands of the independent producersa relatively small proportion of the countrystotal supply. Here would have been theGovernments surest ground on which tostand in support of its charge against the Steel Corporation of maintaining an illegalmonopoly. But in advance of the filing ofthe dissolution suit, the Corporation, appar-ently in answer to the report made a fewweeks before by Commissioner of Corpora-tions, Herbert Knox Smith, announced thatit had decided to cancel the lease of the GreatNorthern properties on January i, 1915, andto reduce the freight rates on iron ore on allthe railroads it owns in the Great L
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