Justice Harlan Affirms Anti-Trust Victory in Rail Merger Case
Justice Harlan states the evidence supports the bill and finds a violation of the antitrust act as the Great Northern and Northern Pacific lines sought a New Jersey holding company. He warns a single holding would curb public benefits, stressing Congress’s commerce power over interstate and foreign trade and affirming the lower court decree.
MENTIONED IN THIS ARTICLE
Justice Harlan
Congress
Hill and Morgan
Great Northern
Northern Pacific Railway
Great Lakes
Mississippi River
Pacific Ocean
Puget Sound
New Jersey
Northern Pacific
United States
Pacific
Harlan
Supreme Court Rules Northern Securities Merger Illegal
Washington March 14 Supreme Court delivers opinion upholding the government’s view that the Northern Securities Company merger violates the law. Justice Harlan writes for the majority of five with four dissents, the opinion centering on federal power over interstate commerce and State corporations. A crowded chamber and notable officials present marked the scene as the decision is announced.
MENTIONED IN THIS ARTICLE
Washington
United States Supreme Court
Northern Securities Company
United States
Harlan
Circuit Court For
District of Minnesota
Congress
Opening of Second Annual Automobile Show Draws Big Crowd
A large crowd gathered for the second annual automobile show at Symphony and Horticultural Halls. The event opens fully at 10 a.m. with demonstrations to follow. Notable attendees include Alexander Winton and executives from Knox, Olds, Locomobile, and Pope. foreign and domestic exhibitors receive heavy interest as both halls showcase cars and motor boats.
What the merger means
The Northern Pacific merger was conceived and carried out by J J Hill of the Great Northern Railway Company J Pierpont Morgan and other financiers to control both railroads through a holding company the Northern Securities Company formed under New Jersey law Minnesota challenged the merger and a Circuit Court ruling declared it illegal on appeal to the Supreme Court
MENTIONED IN THIS ARTICLE
Northern Pacific
J. J. Hiil
Great Northern Railway Company
J. Pierpont Morgan
Great Northern Road
Northern Pacific Railway
Northern Securities Company
New Jersey
Minnesota
Circuit Court of
Supreme Court
Decree Bars Merger In Securities Company Case
The Supreme Court affirms a Circuit Court decree barring a securities company and its officers from acquiring or voting stock in two railway firms, exercising control, paying dividends, or influencing acts. It allows a possible re exchange between the securities company and holders of its shares in exchange for railway stock.
MENTIONED IN THIS ARTICLE
Washington
Circuit Court
Properties as good as ever says James J. Hill
J. J. Hill, president of the Northern Securities Company, announced in New York on March 14 that the merger decision does not alter the value of the company's assets. He added the properties are "as good as ever" and offered no further comment. E. H. Harriman said he must digest the opinion and consult with friends before speaking publicly.
MENTIONED IN THIS ARTICLE
James J. Hill
New York
J. J. Hill
Northern Securities Company
Hill
E. H. Harriman
Court Harlan Opinion Divides Justices In Antitrust Case
Justice Harlan delivers a 30 page opinion on the Sherman act with the court split. Chief Justice Fuller and Justices White Peckham and Holmes dissent. Justice Brewer writes independently, supporting the result but urging limits on prior anti trust rulings. A reception in the millinery section draws large crowds amid floral decor and ribbon exhibitions.
MENTIONED IN THIS ARTICLE
Justice Harlan
Justice Brewer
Fuller
White
Peckham
Holmes
Hanlan
Brewer
Millinery at Houghton’s fashion parade draws crowds
Yesterday’s reception at Houghton & Dutton mil linery drew many weather loving visitors. Hats featured bold varieties with floral decorations and plentiful bargains. The open doors kept staff busy as guests admired the extensive display and the main parlor resembled a horticultural setting.
MENTIONED IN THIS ARTICLE
Houghton & Dutton
Big auto show highlights and key figures in Cleveland
Exhibitors boast of high speed effort at the show. Barney Oldfield heads to New Orleans to race Housman on March 26 and 27 using the Winton Bullet No. 2. Housman will drive the 999 car as the current coast to coast messaging notes a low tide for Virginia Beach racing. S. M. Butler of the Automobile Club of America offers a cautious verdict on feasibility. Harry Fosdick to address local press at the Hotel Haywood. Charles B. Shanks leads the newly formed Cleveland Manufacturers Advertising Club. An Olds booklet draws interest at the exhibit. Wachusett Automobile Club plans attendance with a dinner at Parker House. A large crowd gathers to watch big cars moved into halls. A. J. Wilkinson & Co. shows a full line of accessories at 180 Washington street.
MENTIONED IN THIS ARTICLE
Symphony Wall
Barney Oldfield
Cleveland
New Orleans
Housman
Virginia Beach
S. M. Butler
Automobile Club of America
Harry Fosdick
Boston
Hotel Haywood
Charles B. Shanks
Winton Motor Carriage Company
Manufacturers’ Advertising Club of
Oldsmobile
Benjamin Smith
New England
Wachusett Automobile Club
Fitchburg
Parker House
A. J. Wilkinson & Co
Washington Street
Kidder Firm Got Million in Consolidation Hearing
A Boston court heard a mass of correspondence about consolidation plans for Boston companies. H H Rogers was ill and did not attend. Letters discussed Addicks stock, Snow’s firm sending a man to Wilmington for investigations, and Linderberry’s concern over Addicks’s tactics.
MENTIONED IN THIS ARTICLE
H. H. Rogers
Boston
Mr. Whipple
George Worthen Pepper Et al
Whipple
Snow
Mr. Lindeberry
J. Edward Addicks
Linderberry Attacks Addicks in Ongoing Case
In a Delaware court hearing, Linderberry accuses Addicks of stock manipulation and diversion of proceeds while stockholders deserve transparency. Counsel Whipple clashes with Snow over private papers, citing connections to Senator Higgins, Mr. Stetson, and Judge Collins. Judge Collins’ court session ends after extended reading of correspondence.
MENTIONED IN THIS ARTICLE
Linderberry
Delaware Company
Addicks
Whipple
Snow
Higgins
Stetson
Gilbert Collins
Delaware
Boyd W. Jones
Kidder, Peabody & Co
Also Mentioned on This Page
Morris
Cobler
Rge Glass
TOY Regie
Astigs Sks
Borger
Ceeddes
Thomas Kelly &Co
Washington ST
Hollis ST
Knox
Taft
House of Representatives
Ithe Auto Show
Locomobile Company of America
Berkeley ST
Association of Licensed Automobile Manufacturers
E. E. Schwarzkopf
Automobile Topics
Horticultural Hall
Chicago
Oldsmobile Company
South America
King of Belgium
Pope Manufacturing Company
Alexander Winton
A. R. Bangs
Irving Street Hill
Franklin
Houghton
Oldsmobile Co
Benj. Smith
Columbus Ave
Mass
Olds Motor Works
Winton Is
King Lone Live
the King
The
Winton Motor
Berkeley
Stanhope
Sts
Kidder Firm
Jones
Boston Sunday Post
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