Business: Steelmen on Steel

Steelman on Steel

In Washington last week to testify against the so-called Wheeler Anti-Basing Point Bill were the presidents of the two biggest steel companies in the U. S. Montana's Senator Burton Kendall Wheeler proposed to abolish by law the common industrial practice of quoting prices which include freight charges from a "basing" city regardless of whether the commodity is actually shipped the specified distance (TIME, March 23). U. S. Steel's William A. Irvin and Bethlehem's Eugene Grace spoke for the industry most bitterly opposed to any change in this system.

Their defense of...

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