"The New York Times", however, printed its amazement that Tennessee Coal and Iron stocks were not acceptable to the clearing house and that the Trust Company of America was deemed insolvent when it had more than enough assets to cover all deposits. The newspaper concluded that U. S. Steel wanted to take over a serious business competitor and the company was only worried about the Sherman Antitrust Act. All of this had taken place before Gates was able to return to New York; when he was briefed on the situation, he was told that all other members of the coalition had agreed to Morgan's terms. While Gates realized he had no choice but to submit his shares of stock, he insisted that all stockholders were to be treated equally with regard to the rate of exchange of their shares. Though this was promised, those holding smaller amounts of stock were said to have received less compensation for them.