Ruling Declares Northern Securities Merger Illegal
A federal circuit court in St. Paul ruled that the Northern Pacific and Great Northern merger under Northern Securities Company violates the Sherman anti trust law. The decision orders dissolution and return of stocks to original holders, signaling sweeping impact on major rail and holding firms. If upheld by the Supreme Court, nine large holding companies including Gould Vanderbilt and Morgan lines face upheaval.
MENTIONED IN THIS ARTICLE
United States Circuit Court of Appeals
St. Paul
Northern’ Pacific
Great ‘Northern
Northern Securities Company
New Jersey
Taney
Supreme Court
Gould
Vanderbilt
J. P. Morgan
Griggs
Morgan
Morgan comments on Northern Securities decision impact
J Pierpont Morgan said the decision will not rest where it is and the case will go to the U S Supreme Court. He noted railroads under Northern Securities remain in operation and that capital and railroad men seek clarity on construction and operation rights ahead of final ruling.
MENTIONED IN THIS ARTICLE
New York
J. Pierpont Morgan
Northern Securities Company
United States Supreme Court
Washington
Northern Securities
Marguerite Cigars from Estabrook and Eaton
Rene Reverte endorses Estabrook and Eaton's Marguerite cigars as a reliable, consistent brand made from finely selected tobacco. The ad emphasizes uniform quality and workmanship and promotes a dependable smoke avoiding throat tickle.
MENTIONED IN THIS ARTICLE
Estabrook & Eaton
Marguerite
Conference at J. P. Morgan & Co. on railroad property plans
A conference of leading financiers met this afternoon at the J. P. Morgan & Co. office to discuss how a forthcoming law will be interpreted and to outline profitable operating strategies for railroad properties in the future.
MENTIONED IN THIS ARTICLE
J. P. Morgan & Co
Court rules merger of railways violated interstate commerce law
In a unanimous decision the United States Circuit Court of Appeals holds that the Northern Securities merger under a New Jersey charter unlawfully restrains trade. The ruling enjoins stock acquisition and voting, bars dividends, and deems the scheme an unlawful consolidation designed to place control in the Securities Company.
MENTIONED IN THIS ARTICLE
New Jersey
Final blow to Chairman Clark’s reappointment urged
Governor Bates reportedly told J Montgomery Sears that further efforts to retain Police Board Chairman Robert F. Clark would fail. The governor cited strong out-of-town protest and said a third term was practically impossible. Sears carried a large petition representing State Street and many millions.
MENTIONED IN THIS ARTICLE
Robert F. Clark
Police Board
Sates
J. Montgomery Sears
Clark
Bates
Sears
Mr. Clark
Iowa 12 Inch Gun Explodes On Battleship Iowa
A premature shell explosion on the battleship Iowa during target practice at Pensacola Florida kills three sailors and injures five, all on the second gun deck at mess. Debris from the gun pierces the deck and the turret is damaged as crew seek aid from nearby vessels.
MENTIONED IN THIS ARTICLE
Pensacola
Fla
Iowa
Gulf
Kiele
Percell
Berry
Gaught
Thursdale, Brown
Mansdale
Purucker
Mess
Reed
Massachusetts
Culebra
Beak argues Northern Securities control over railroads
Assistant Attorney General James M. Beck analyzes the Northern Securities Company charter and asserts the holding company, through a three member committee, effectively controls the Burlington, Northern Pacific and Great Northern systems and their subsidiaries. He invokes Sherman anti trust law to demand free competition and public interest protection. Continued on Page 4.
MENTIONED IN THIS ARTICLE
Northern Securities Company
James M. Beck
Mr. Beck
Burlington, Northern Pacific
Great Northern Systems
Board of
Northern Securities
Great Northern
Beck
Detectives With Badges In Cambridge Misfire
Two would be detectives caused trouble for Cambridge police last evening at about 10 30. A tall slim youth wore a large slouched hat and a black coat giving the impression of a badge wielding investigator.
MENTIONED IN THIS ARTICLE
Cambridge
Western town riot ends with fake detectives chased by crowd
A rush into Station 2 reported a police in trouble on Green street. Officers confronted two men posing as detectives, one armed with a metal object. A mob threw stones as the pair fled toward Green and Burnham, amid suspicions they were bogus private eyes and dime novel readers.
MENTIONED IN THIS ARTICLE
Station 2
Stevens
Green Street
Green and Burnham Streets
Howe
Cambridge
West
Syrian Priest Assaulted Near Edinboro Street Church
Rev. Father Peter Nisbih of the Syrian Catholic Church was attacked on Beach Street as he returned home at 10 pm. William Ellis, 24, of 64 Beach Street, was arrested after striking the priest and injuring him near the corner of Beach and Oxford streets. The priest and an altar boy identified Ellis as the assailant. the officer protected Ellis from a mob until wagon arrival.
MENTIONED IN THIS ARTICLE
Peter Nisbih
Edinboro Street
Beach Street
William Ellis
Ellis
Beach
Oxford
Hanlon
Division 4
Father Nisbih
Mills prep to reopen as arbitration presses on
Lowell April 9 The State Board of Arbitration and Conciliation continues its inquiry into the 17000 idle workers and mill owners. Rumors claim mills may reopen Monday despite objections from the Textile Council, with operatives preparing to present their case and the board to probe books and methods. A bitter contest looms as hearings resume tomorrow morning.
MENTIONED IN THIS ARTICLE
Lowell
Hamilton
Appleton Mills
Carpet
State Board of Arbitration and Conciliation
Textile Council
Board of Arbitration and
Pennell's Last Statement Read In Inquest
Buffalo April 9. The joint inquest into the deaths of Arthur R. Pennell and Jessie Lamb Pennell opens tomorrow at 3 p m before Justice Murphy and may end the Burdick Pennell affair for now. The civil suit over 25 000 in insurance payable to Mrs Burdick will follow. Insurance on two policies totaling 25 000 remains unpaid. Trustee Wallace Thayer and administrator J Frederick Pennell seek the money. A stenographer Wallace G Omhalius holds Pennell s dictated statement notes and will read them in court. Yale President Hadley comments on Pennell while urging restraint until investigation ends.
MENTIONED IN THIS ARTICLE
Buffalo
N. Y
Arthur R. Pennell
Jessie Lamb Pennell
Justice Murphy
Burdick-Pennell
Wallace Thayer
J. Frederick Pennell
Pennell
Wallace G. Omhalius
Arthur T. Hadley
Yale
Burdick
Gallagher Confesses in Taunton Murder Case
In Seattle on April 9 John E. Gallagher alias George Holmes alias John E. Dunne, held for over three weeks, was identified and confessed to a murder in Taunton, Massachusetts nearly four years past after police confronted him.
MENTIONED IN THIS ARTICLE
Seattle
Wash
John E. Gallagher
George Holmes
John E. Dunne
Taunton
Mass
Boston Area Friday Weather Forecast
Forecast for Boston and vicinity calls for Friday with light morning showers and fair skies thereafter. Light westerly winds are expected. Probably fair conditions continue into Saturday with similar moderate conditions.
MENTIONED IN THIS ARTICLE
Boston
Vicinity
President in the Park Heads to a Park Trip
In Cinnabar Montana on April 9 Secretary Loeb reported no word from the President beyond the morning notice that he had left his headquarters for a trip in the park.
MENTIONED IN THIS ARTICLE
Cinnabar
Mont
Loeb
Park
Also Mentioned on This Page
Gutenunst
Philadelphia
Rene
Kuro
Paul
Minn
United States
Northern Pacific
Great Northern Railways
United States District Court
Congress
Court of Appeals
St. Louis
Caldwell, Sanborn, Thayer and
van Devanter
Nager
Thayer
Securities Company
Pany
Caldwell, Sanborn
Vandervanter
Northern Pacific Railway Company
Great Northern Railway Company
James J. Hill
William P. Clough
D. Willis James
John S. Kennedy
Robert Bacon
George F. Baker
Daniel S. Lamont
Lowell Mills
Gallagher
Thompson's Spa
Teeerres
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