U S Wins Merger Case Against Securities Company
The United States appeals court in St Paul rules the Securities Company illegally acquired and controlled Northern Pacific and Great Northern stock in restraint of interstate commerce. It enjoins voting of these shares, bars dividends, and orders transfer of stock to holders, while allowing return of shares to original holders under specified limits. The decision holds Congress has broad power to regulate commerce and to deem combinations illegal if they restrain interstate trade. The ruling is expected to be appealed.
MENTIONED IN THIS ARTICLE
St. Paul, Minn
United States Circuit Court of Appeals
United States
Northern Securities Company
Northern Pacifico
Great Northern Railroad
Northern Pacific
Great Northern Companica
Great Northern
Securities
Burlington
Congress
New Jersey
Igourt
Northern Securities faces Supreme Court review after merger ruling
Washington April 11 the Northern Securities company asserts its rail properties remain intact and profitable despite the merger decision. President J Z Hill says the roads are earning well and cannot be taken away, while urging rapid court action to reach a ruling this session. The stock fell sharply in New York on news of the decision.
MENTIONED IN THIS ARTICLE
Willi
New York
J. Pierpont Morgense
United States
Washington
Vaikbad
Northern Securities Company
J. Z. Hill
Northern Securities
St. Paul
Northern Securities Case Shapes Trust Bust in High Court Fight
The history of the Northern Securities merger reveals federal anti trust law as government line of defense, with Minnesota challenging the 1901 scheme that tied Northern Pacific Great Northern and Burlington under one control. The case, heard in the Eighth Circuit with notable judges and witnesses, aims for U S Supreme Court review, while Burlington interests push prevention schemes to sidestep legality.
MENTIONED IN THIS ARTICLE
Northern Securities Company
Southern Securities Company
Morgan
United States Securities Company
Northern Securities
Hill and
Laws of
New Jersey
Great Northern
Northern Pacific
Securities Company
Burlington
Burlingtton
Minnesota
Griggs
Circuit Court
Eighth Circuit
Federal Supreme Court
Sanborn, Thayer
Caldwell
Vandeyvanter
St. Louis
Morgan, Hil
Harriman
Knox
Giggs
United States Supreme Court
Supreme Econct
Poth
Iowa
Joya
Nebraska
Fill
Interstate Commerce probes rail rate cases against trunk lines
Washington April 1 The Interstate Commerce Commission announced proceedings against multiple trunk lines including Northwestern Fuelington Great Western St Paul Wabash and Rockland in response to alleged illegal rate plans. Proceedings focus on rate structures and legality across these lines.
MENTIONED IN THIS ARTICLE
Interstate Cormmmerce Commission
Washington
Northwestern
Fuelington
Great, Western
St. Paul
Wabash
Rock
Reland Rails
Focgl
Sthln
Giote
Ale Aperetg
Deathblow to big railroad mergers outlined in verdict
Chicago April 18 The Northern Securities decision shocks officials but is not a surprise. It strikes at Harriman and Gould aims for one railway empire and raises fears of further legal challenges to merger structures and leasing schemes. Analysts say the ruling may test joint ownership of the Burlington by Great Northern and Northern Pacific and could prompt court action to unwind pools and restore original share ownership amid potential new litigation.
MENTIONED IN THIS ARTICLE
Burlington
Northern Pacific
Great Northern
Order
Chicago
Itt
Northern Securities
Harriman
Union Pacific
George J. Gould
Greats Northern
Him
Morgan
Chicago and Afton Railroad
Iowa
Chicago, Burlington and Quincy Railway Company
Burlington Railroad
Es Railway
Morgan Co comments on Northern Securities case impact
A Morgan company statement says the decision shifts the whole matter forward and lets Northern Securities lawyers proceed on new lines. It notes Morgan won t reveal views or express formal opinion, but insists the issue will not stay as is.
Minnesota officials celebrate victory in anti merger case
Governor Van Sant and Attorney General Douglas lead Minnesota in rejoicing over the decision opposing a unlawful combination. They say the ruling aids the state’s case, while the matter awaits Supreme Court review. M. D. Munn calls it splendid and confirms the momentum against Northern Securities.
MENTIONED IN THIS ARTICLE
St. Paul
Minn
van Sant
Douglas
Auccess
Wabasha
Supreme Court
M. D. Munn
Northern Securities Company
United States Supreme Court
Ashland to Sioux City Line May Be Postponed
Lincoln officials fear the Northern Securities ruling will cause indefinite delays. No major construction proceeds on the Ashland to Sioux City line until the decision’s full effect on the Burlington is clear. Local lawyers may try to consolidate stock to one owner, but Hill’s control of the Burlington is not expected to be lost yet.
MENTIONED IN THIS ARTICLE
Lincoln
Northern Securities
Ashland
Sioux City
Burlington
Burfington
Packers Facing Fate of Merger Under Legal Threat
Chicago April 18 The National Packing company newly formed in New Jersey and called the packing trust secured its license just before a St Paul federal court ruling. Lawyers believe the anti merger decision will affect this preliminary consolidation. The court held that the restraint of trade from such a consolidation violates US law, a finding seen as a death warrant to large packer combinations and to similar railroad mergers.
MENTIONED IN THIS ARTICLE
Chicago
National Pack- Ing Company
New Jersey
Pack- Ing Trust
St. Paul
United States
Northern Securities Company
Washington Anticipates Quick Supreme Court Appeal
Washington officials expect the Northern Securities case to be appealed to the Supreme Court soon though they have no authoritative confirmation. The Justice Department sees little doubt the action will be taken without delay.
MENTIONED IN THIS ARTICLE
Washington
Department of Justice
Northern Securities
Supreme’ Court
Roosevelt Resting Deep in Park With Small Party
Secretary Loeb reported no word from President Roosevelt who is in the mountains near Cinnabar Montana at a camp forty miles from headquarters. Snow fell lightly as he planned a multi day stay with naturalist John Burroughs, who was ill but improving and will join soon. The president studies animal and plant life while enjoying his time in the park.
MENTIONED IN THIS ARTICLE
Roosevelt
Cinnabar
Mont
Loeb
John Burroughs
Mr. Burroughs
Burroughs
Cattle Raisers Fight Meat Merger at Denver Convention
Delegates from about a dozen western states attend a Denver meeting of five stock meat groups led by National Live Stock Association President John W. Springer. They vow to oppose packers plans for a merger and to organize new packing houses with pledges from producers. The government awaits a move to criminally prosecute any officers defying a federal injunction in Chicago.
MENTIONED IN THIS ARTICLE
National Association
Denver
Colo
John W. Springer
National Live Stock Association
Combine
Chicago
POWERS LAND MARINES FIGHT AT SAN DOMINGO
Reports from San Domingo City describe April 5 clashes between government forces led by President Vasquez and the revolutionists. Heavy fighting left many dead or wounded on both sides as marines from American, German, Italian, and Dutch ships landed to protect consulates amid tensions.
MENTIONED IN THIS ARTICLE
San Domingo
Port Au Prince
Haiti
Vasquez
New York Views on Northern Securities Case
New York observers describe an undigested opinion on the Northern Securities case. A lead counsel notes the judge’s order allows transfer of stock in Northern Pacific and Great Northern, a provision he says nullifies the decision’s effect and could undermine the principal injunction.
MENTIONED IN THIS ARTICLE
New York
Northern Securities
Northern Securities Company
Northern Pacific
Great Northern Rogada
Ite
Blind Superstition Near Noszetany Triggers Village Riot
An Austrian village in Hungary witnesses a corpse passage ban spurred by fear of misfortune. Relatives carrying a dead man’s body are stopped by Tharis residents armed with pitchforks. Gendarmes clash with the crowd. a volley kills two and wounds many.
MENTIONED IN THIS ARTICLE
Vienna
Hungary
Noszetany
Tharis
Insolvent River Steamboat Company Property To Be Sold
A federal court decree orders the Diamond Joe company assets, including four Mississippi steamers, sold at Carthage to satisfy a claim of about 300000 held by J Morton. The Diamond Joe controls property at Anbuaue and other locations.
MENTIONED IN THIS ARTICLE
River Steamboat Company
Chicago
Diamond “Joe Company
Mississippi
Carthage
J. Morton
Pha Company
Anbuaue
MinpeHete
Migsek
Deadly Arkansas and Alabama Cyclones Trail Destruction
A Tuesday night cyclone wrecked White and Cleburne counties in Arkansas and devastated Hopewell near Birmingham Alabama. At least nineteen killed with dozens injured. towns like Little Red Bradford Pangburn Albion and Heber reported losses. Destruction covered homes barns and livestock as crews counted casualties and awaited word from farther affected areas.
MENTIONED IN THIS ARTICLE
Little Rock
Ark
White
Clebirna Counties
Arkansas
Arkansas Gage
Searcy
Little Red
Albion
Bradford
Weber
Pangburn
James Liggett
Jon Liggett
Tom King
Thacher
the Kings
A. C. Williams
Heber
Tom Ixing
Tornado Strikes Kentucky Towns Killing Father and Daughters
A Kentucky tornado near Owingsville wrecked multiple homes injuring several, with Mr Oden and his three daughters aged 16 12 and 1 killed. Mrs Oden died later from injuries. The Wharton home was wrecked with minor injuries, and R G Quick and two children were hurt as a mule died in the chaos.
MENTIONED IN THIS ARTICLE
Hopewell
Birmingham
Ala
Hunceville
Blourt
Nathan Griffin
Jams Ghiedin
Husnry M'Coy
Bred M'coy
Vidie M'Ccoy
O. C. Oden
GOHN
Oden
Thelma Oden
Flon
Sirs
Henry McCoy
Rirs
C. C. Oden
Miss Griffin
H. G. Quick
Dick Quick
McCoy
Pennell inquest set as Pennell and Mrs Pennell to testify
Buffalo reports a conference on the Pennell inquest with Justice Murphy and District Attorney Coatsworth. The joint inquests will focus on Burdick's death and the question of death by own action or accident, with sealed Pennell instructions and a $26 000 insurance matter to be clarified.
MENTIONED IN THIS ARTICLE
Buffalo
Justine Murphy
Coataworth
Pennell
Burdick
Justice Murphy
Thayer
Indianapolis Girl Star In Critical Basketball Injure
Miss Friday Pink a 1 year old senior at Indianapolis High School and star of its girls basketball team is at the point of death from injuries received in a Crawfordsville championship game scrimmage. She was kicked in the side and suffers injuries that are reported to be fatal. She is socially prominent.
MENTIONED IN THIS ARTICLE
Indianapolis
Ind
Miss Friday Pink
Indianapolis High School
Crawfordsville
Iris
Pink
Sontheimer Deposed as Trades and Labor Council President
Cleveland April 1 Sontheimer, president of the Cigarmakers' Union, was removed as president of the Trades and Labor Council after withdrawing as a delegate. Members charged prominent council men were traitors to labor and reporting to capitalists. Action followed his Republican vice mayor nomination.
MENTIONED IN THIS ARTICLE
Cleveland
Sol Sontheimer
Trades and Labor Council
Sontheimer
Cigarmakers’ Union
Trades Council
Will of G F Swift Disposes of 12 Million Estate
Gustavus I Swift's will filed for probate in Chicago on April 10. Estate valued at 12.2 million dollars. Bequest of 250 thousand dollars to charity. Remainder largely divided among widow and heirs.
MENTIONED IN THIS ARTICLE
Chicago
Gustavus I. Swift
Washington Red Cross board rift prompts suspensions
Walter B. Phillips announces that the executive committee of the Red Cross suspended the Washington minority seeking to oust Clara Barton. Named are General John Wilson and other prominent figures, with Phillips urging a firm policy against attempts to discredit Barton. The move follows ongoing leadership disputes within the society.
MENTIONED IN THIS ARTICLE
Red Cross Society
Washington
Barton
New York
Walter B. Phillips
Clara Barton
iInney Board of Control
Mempers
John Wilson
W. K. van Rey
Also Mentioned on This Page
U.S
Revuit Court of Appeals For
New Y
Vega
Federal Department of Justice
Wayne
Powers Land Marines
New York’s View
Rbiamond
Alabama
Buck Neeley
Alber Kiler
Elbert Doyle
Walker Pollard
Pollard
Albler
the Gazette
A. C. Wilams
Houston
Williams
Little Red Postofice
Alfred Kiler
Albert Doyle
Mr.Griffin
James
Houge
Air
Wile Meca
Jobe
Homme
Henry
Jor
Kentucky
Owingsville
G. F. Swift
Trogpy
Africa
Goreua -Rey
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