Newspaper Page Text
proved the mlnority holding of Judge
ii.x.k that the roada ware oom]
and it was just as much a violation of
the law for one road to buy the eon
trolUnar ftock of a competltor
for a holdinp company, as in the
Nartharn ?aonrltli
(ontro)Htig stock of two OOmpdttBg
cmpnni, 8 Northern
plan failed nearly ten yeara ago. ao tha
Harrim.in plan fell to-ri
May Reta.n Central Pacific.
The Union Pacific, H the Circuit
Court sees proper. may retam eontrol
of the ol* Central Pacific line from
1 Ogden to San Francisco.
The dectalon of the lower court that
tl?... . of the law in
mpi to b '- rthern
j k or the
Atc Bailway
...
tha Baa P
x. | ft Ball LmJu Railroad Com
pan>. araa allowi d to Btand.
ni , f Jual
mss the full effect of tl
w ,.??-?'.
if,su,. | i in. ii be Blmply
deeaared that ? eatended tbe
prit: the Northern
?i.i st. Loula Termlna A
j,, - in hla opinion flral
with the law In the cai
Oil and tobai co caa
?i tba
antl
trual bi t. ii
i
mai ? dlacuaaed in all
Within Act's Ccndemnation.
?\\. take it. aald .!!
this that it may I
ararded
x m in. ii i?:.'. ea rallroada ? ln lo
teratati -
,,, ? . ? ilnatlng i
i? , v natural
and ? -lating competltlon ln
cogBaneaai. i sup
thin the condaimnation of
th.- rn t; Whili t\. laa i
to enforci i ompi tltion, II
.
tion Irapra
"Nor do we think it can mak; any
difference that instead of resortmg to
a holding company, B8 was done in the
Northern Securities case, the controll
ing interes*: in the stock of one corpo
ration is transferred to the other. The
domination and eontrol and the power
to supRress competltlon are aoquired in
the one case no !ess than in the other,
and the roaulting mieohief, at which
the statute was aimed, is equally ef
fective whichever fcrm is adopted."
He added that a more effectual form
of combination to secure the controi of
a competinct railroad than for one road
to acquire a dominating stock interest
in the other could hardly be conceived.
"Not Competitors. but Partners."
Oaa bj om Juatice Day tooh np tha
arhamenta '>" which the rallwaya hoped
to (|, f< it the go ,l"
nrrt it that tha
ayatema
nert*. "To COBBJ Id tlie justi I
tr. Bttive for aomethlog whii h
activ.:'. ad wlahea to ?
})r. qi ..t. d tha teetlmony of ra
men thal thla ? l what tha* I'ni. i
c)t\c and - '??" ';- ?ara dotng
hy the purchaaa.
"Competition as to rates waa not the
MM> SHOWING THE TWO GREAT RAILROAD SVSTEMS AFFKCTEI) BV TIIE SUPREME
COURT DECISION.
? ,- _ a- . >?._ <_-_aihern Pacific and the dotted line tbe Central Pacific, whicli the U?ton
? black line indicatea the Union Pacific hnea, the line ot crossc* the Sonthern wcinc, ano ine
ma) continae to eontrol as ita outlet to the coast.
only ?im of the law," he explamed.
but there was competition as to the
character cf service rendered, and the
accommodations afforded. He said that
it made nj difference that rates were
not raised for the time being, after the
combination was effected.
,... ol ? ich ? omblnaTtlona
aad thi Ir power to ibj pn bj nnd atlfle
Ition or < reate monopoly which
the appllcablllty of the aet."
I Thi argumenl
,,.,,, ., utlre traJBc waa In
? - with the atate
ated t< many mlll
? v ok up the argument thal
ly a -onnactlng
? Ltly had no line to Ban
I ?? ,:. endenl on the
Bonthern Paclflc ror such t.-rms aa lt
... . \ er the old Cl ntral Pa?
iine trom i igden to Baa Franc_Bco.
Ile said that was golag too far; thnt
Mi _ Portland roote was
^ : lt wr.uid hava been detrl
tal to th< . Pa< lAo t" hai a
decllned an arraages-enl to carry th.
Union Pi from {*gden to
S.UI i
"But this case is not to be decided
upon the theory," he contmued, "that
only so much of the Southern Pacific
system as ooerates between Ogden and
San Francisco has been acquired. The
purchase may be judged by what it in
i fact accomplished and the natural and
probable consequences of that which
was done. Because it would have been
lawful to gain, by purchase or other
; wise, an entrance into California over
'the old Central Pacific, does raOt render
FOUNDED 1S56
BROKAWBROTHERS
MENJS & BOYS'CLOTHING.HATS &FURNISHINGS
We have spared neither time nor effort ifl
making this Winter's Suits and Overcoats
perfect in every detail.
Their excellent style, fit, tailoring and ma?
terials indicate the advantages of successful
experience and real skilled workmanship
which you will find in all our Clothes; at
prices that are uniformly moderate.
Sack Suits $18 to $50
Winter Overcoats $18 to $75
Astor Place &l Fourth Avenue
S'lBWAY AT THE DOOR-ONE BLOCK FROM BROADWAY
1
<*/AMJi
424-426 Fifth Avenue
T)esires to Announce
Absolute Clearance Sale
of
lmportcd Models
Consisting of
Evening & tLcception \jrowns
7 atlor-made Suits, tLvening Vyraps
rurs & BloNses
To Be Closed Out Regardless of Cost
it legal to acquire the entire ayatem,
largely engaged in interatate commerce
in competition with tha purchaamq
road."
Justice Day rei'licd to the argument
(hat a majority of the stock had not
i een purchaaad, and tharafora no con.
iroi had beea aoauhred. He quoted Mr.
Harrlman aa aaylng that a compact.
united owncrship of M per cent of a
l.ip corporatlon waa sufflcient to eon?
trol it.
Justice Day said further:
This coart reaohea the eeetoioa that the
Union Padflc and Bouthera Paetne Bye
prlor t>. tha Btock purchase, were
competitora engaged m int.-rntate com?
merce, actloi IndepeBdently as t.i a large
amount of BUCh carrylng trade. and that
lUlaltlon ef the Htock ln ouea
tlon tba donilnatliig power of thr l nion
pi ;, gg\ d compi tltlon be
the ayBtama and alfaeted a rom
blnatlon In reatralnl of Interatate coai
merce wltWn the prohlbltlona of the aet,
dei i i ? nforce lha atatote tha
court i* requlred t.> forhld the doing in
tho futura of acta like theea which aie
found t. have h**?n done tn vlolathm
and te eater a deeree whleh will
' effectually dlaaolve the eomblnatlon found
lat in rlotatlOfl Of the statute.
Deeree Should Provide Injunction.
The decrea bIbbi d proelda an injunction
? th. right to vote thla atock "*hlla
ti,,. trarm i aitrol of the i nion
I Pacific company, oi any corporatlon
owned by it. or while ln-ld by any eor
poratloi n for the ITnlon Pacinc
company. and forbld any transfer or dla
poaltlon thereof m auch wls* ar tooon
tir.ua- its eontrol, and BhOUM provide an
Injunction agalael the payment of dlyi
pon such Mu.k while UlBB held.
excepl to h ie,.-iv.r tn he arp.'ti.fed br
it, who Bhall COllect and hold such
dlvldendi until dlapoeed of hy the d?cre?
..f the
,\? the court beloa* dlsnilsaed the gov
? ? t.iii n w.is inni ? ? i.i > there
the i i -Mom of tha* shar'-s
,s acquired by the Dnlon Factae
uhi.h bi quUrttlon, ara hold, eea
unlawful oomblnatlon tn vio
latlon of tha aatl-truet art. ln order to
, (fi ,-?,..? j con. i i '? the operating force
of thi eomblnatlon BUCh diHpo?ition Bhoora
. Bubject to tba approwal and
Court, and any plan for
thi dlapoaltlon of thla stock niuat he
auch a* to elT_ctually dlaeolve ihe bb?
lawful comUnatlon thua crcated The
rourt Bhall proceed upon the preeenta
tlon of aay plaa to hear the government
rendapta and may bring Ira any
addltlonal partlea whose preeenee rnay
. !,, ;, nnal dlapooltlon of th*
itock In COnformlty to the viewa hereln
> \!'!< BB-d . ,
As to the suggestlon made at I
? i,i by tne Attorney Oeneral aa to
? ire of ti.. deeree, that one must
, . ? ared arhleh, while destroylng the
unlawful eomblnatlon, ln ao far u_ tba
Pacific aecured i-ontrol of tha eom
petlng Une of p.ad extendlng from New
an.l Ualveaton to Han FYaneisro
wi.d Port land, arould permll the Union Pa
<-li!'- 1" retaln the iVntral Paclflc ronner
tlon from ogden to dan Kiamlscn and
thereby to eontrol that line to the f'oaat,
ffectlBg such a contlnulty of the
Union Paclflc and Central Paclflc from
the Micso'irl Rlver to San Franc.laco aa
was oontemplated by the acta of Congrees
under which they were eonatmctt-d. lt
should >,.- snld that nothlng hereln Bhall
i^- oOBaMered aa preventlng the govern
ii.'-nl >.r any party In intereat, lf ao deslr
Ing, from presentlng to the court a plan
for accompllshlng thia reault or aa pre
ventlng the court from adoptlng and glv
Ing >iflrect of any aoch phm so presenfd.
Proviaion for Stock Diaposal.
Anv plan or planH shall he presented to
tha court wltl.ln three montha from the
recelpi of tin- maadata of this court, faii
ing whi.h. or, upon the rojectlon by the
court of plana Boomltted wlthln auch tlme.
tha court shall proceed by recrdvershlp and
saif. if ueeaaaary. to diapose of auch stock
ln such wise as to dlssolve auch unlawful
eomblnatlon.
The gova-rnment haa appealed from the
decn 8, which ls a general one, dlsmlaalng
the bill Bo far as conrernn the attempt
|o acquire the Northern Pacific atock and
the Btock of tla- Atchlaon, Topeka A Hanta
1,, Rallway t'ompany. afterward aban
doaed, aad a certain iBtereet In the San
Pedro, LaOB Angelf-s & Salt I_ike Railroad
Company, and other featur.-a of the eaae
deall with and dlsposed of by the deeree
and opinion of the court below, lt is suffl
H.-nt. without going Into these mattera In
detall. to aay aa to them that wa* flnd no
reeeon to disturb the actlon of the court
below, but for tha" reaaona atated the de?
eree shall bc reversed and one entered ln
ronformity to the views hereln expreaaed,
no far as ronc?>rns tho acqulaltlnn of the
Honthern Paclflc atock.
The court Instructed "the Clreult Court
to retaln Ita Jurladlctlon to aee that the
deeree above outllned Ib made effectual."
CASH REGISTER CO. ALERT
National's Agents Watched
Rivals for Patent Suits.
f'lnclnnati. Dec 2 -The dirtct testl?
mony of Henry G. James, the govern
ment's first aiOBBBI 1? the trial of Presi?
dent John H. Patterson and twenty-nlm
other ofnclal*. or former ofTlclals of the
Natlonal Cash Regisler I ompany, waa
complcted to-day. The men are charged
with vlolatlng the criminal aection of thi
ghermaa anti-trust a< t
The copy of a letter that waa wrltte-.
to Jamea while he was an i-mploye of the
Natlonal company ln Detrolt was ad
mitted into the record after much contro
varaj ?
Thr letter was au explanatlon of why
the Natlonal company wanted Its agenta
to flll out .:ards whenever a rlval ma
. hlaa was put ofit of any place. The r<_a
son aaalgned was that the data regardlng
ihe maehlne would l>e valuable for gv.y
future suits against ihe other company
for infringing on a patent.
/
m STREET TMES
Pacific Railroad Officials and
Bankers Refuse to
Discuss It.
STOCK AND BONDS' RISE
Other Roads May Be Affected
?Harriman's Merger and
Government's Fight
Against It.
Wall Ptreet ha* awalt-d 1h?? der|*|on In
the Parlflo Rallroad 'aaf wlth areat In?
terest. but no romm?n! waa m?.!n \.*t'r
d_v h.- any offl'ials of the road* ln thli
city. nor bv aay of the bankinit bitereata
I ? ; | ? i i.f-d l>y Kuhn, I.oel> A <'o. Robert
sV LOTett, chalrman of tlie board of dl
reeterfl aad Mr iiarriman'a Baceeeaor,
Kfttil he had nothing to aay at ttdfl time.
The ar-tlon of t'nlon PflflMfl ato k BOOfl
after Um dfldfllflfl waa announced In
oreaxed the general hellef that llttle wns
known aa to what the dedalon would
mean lo the ato<-kho|d.-r*. At flrat th?re
waa aome heavy aelllng, but the pr.fc-r".!
stock ftnnllv f-honed an advan<<- of flBOTfl
than I polr.ts on thfl thmry tt.at. In tOay
ne.tion wlth th?- re.idiu*tm?*nt if
holdlnga, t!.t- aenlor laoue would be retlr.-d
or would come ln for a ahnre In the dls
frlbutlon of the aubaldlary eto.-ka. Ther<*
waa alao a aenaatlonal rl*e ln the South
ern Paelft- 4 per eent bnnd*. Th. y opened
at 89. and later aold at !K
Rallroad attorneya wer? of the oplnlor
that the deilalon may reault ln th<- re*
alwqillahlBant of the .-ontrol of the Central
Rallroad of New J.-rsey by the Raadlflfl
.ompany They alao expres*.-d the Iw
llef lhat thfl <or.tr.il by thfl New Y.uk.
Uem Haven A Ilnrtford of the N-w York.
Ontarlo A Weatern and the BOfltflfl *
Malne may be afT^rtcd Other <\\i>- >!??? |
of vital Importance to the rallroad worl-I
that may be taken up are the control of
the I.ak* Hhore ani the Mlchliran Gen
tral by the New Vork Central and the
Pennaylvanla'a holdlnga of Norfolk fl:
Weatern
The cotnblned capltallxatlon of the
Union and Southern Paclflc BjreteflM
amounta to fl,047,"_l.C96, of whlch IHMtf,*
?06 conslata of atock and |4M,37S,7flu of
bonda ttnlon Pa.lflc haa outatandln*
$21?,629.*O0 of eommon atock and $99.r.43,(j(a)
of preferred atock, and bOfldfl lu the
handa of the puhllc aggregattng WMB>*
29). Houthern Paclflc haa only oin- < laflB
of atock which la Birtelanflhig to tba
amount of $272.<rr_,40r,, and It.s hond* fvsu.-d
t'-tal 1129,143,410. At the end of June. ]'..ll.
Union Paclflc waa operutlng, wlth its
auxlllarlea and traokago rlghta, 3.447 nllefl
of road and the Southerii l'a. ltlc 3,:i?iM
mllea, making a total for the two of S.Sl.'i
mllea.
How H?rrim?n Merged the Roadi.
The preaenee of Kdwaid II. Marrlmiin
aa a leader In the rallroad world waa not
re.-ognlzed until 1899, for up to that time
he had t>een worklng quietly to acc.in
pllah the end* he had In mind. At the
cloae of the Hpanlsh war he had bnught
the Chlcago & Alton for hia a.-Hoclut.-s ln
lha I'nlon Paclflc, of whlch he waa the
chalrman of the executlve commlttee. The
other membera of the eyndhuto arera
Jamea Stlllman. Jacob H. Schlff and
George J. Gould. Mr. llarrlniaii had |00fl
Into the Union Pa.lflc wlth thfl Kuhn
I.oeh-Rockefeller Intereat*. who hml
bouRht the road from the I'ntt.-d Ht.it'ifl
government ln 1897. The old road, t.ullt
flrat aa a national enterprlae, the tirst
trans. ontlnental line, harl falW-n Into BUCh
a atate of decay that lt wa* <1<-scrlb.-d a
a right of way and two alreak* ..f rflflt
Dlvldends had long been a thing of the
paat.
Mr. Ilarrlman belleved It to I.e a highly
valuable property, and It waa purr-haaoil
In bankruptcy for $14,0*1.000. The ro.nl
had the bed. grade aud equlpment of
ttilrty yeara before. and It waa is--l.it..i,
running from an Inland town to a d.-aert
vlllage. lt* weatern IflOder and OliflQaJ
twln. UM Southern Pa.lflc, had bacoOM ?>
rlval, carrylng to New Orleana thfl ton
nago that ahould have gone to the Cnion
Paclflc. Mr. Hatrltnan, who had his
tralnlng under Stuyveaant Fiah, whom he
later drove from the prealdency of the
Illinois Central, aaaumed the taak of re
bulldlng the road. There waa a great
deal to do, and lt took $30.0o0,000 to do lt.
After the phyalcal dlffl.-ultlea of the re
bulldlng had been overcome, the queatlon
of gettlng buslnea* aroae.
Wlthin a year after the AH<>n pun-huae
Mr. Ilarrlman trled to buy the c.-ntial
and the Southern Paclflc from f'ollls P.
Huntlngton, but Mr. Huntlngton refuaed
io Bflll, aud Ilarrlman tl.reatened tne
oooetruetloa ?r ? rlral line from Ogden,
I tali. tO tb.Iflt Bfl ilintlnuti.n died
about this time, an.i his rlvfll bnprorad
the eppodoalty by purcbaalag tl
iroi or both roada, <>\?r MM aiHefl
(,f rallroai . aad tl ?? Morgaa Btaflmablp
i.ip'-. from Near Orleani to Meat i.'.k. aa
} ari il
in tha Bprtai .>r IM J P Morgaa an.i
I Jamflfl J- HUI andertooh to acqulra the
Chlcago, BurUngton fl Qulsey Rallroad
for Um joint tatereeta or tb* Northern
Paclflc and the Orflfll Northern. They
refuaed to let Ilarrlman have a ahare ln
j the deal, and h* thon fltflltfld ln to >.-;v
j the Northern Padfle. The IforgflJi-Hlll
| kio ip ?..-.'? t - -. l T:. - Thfl market wnt
awep^of Nortbera Paclflc/artoch Oa Ut
. ,,r thfll '-oar both sM** decld.-d thal
t) o ! ad eofltrol, and called iu whatev.-r
? iy had ler.t. The *hort !??? n
in Nortiiorn Padfle arera uaaMfl to get
hioi k at any prlCB, and B Bflflte fOllOWed
Two d,.\-< lat.-r Mr M.'iitlman. BUTfl that
ba flOBtroUed Northern Pacific, had a eon
f.r. n.-i- arlth tt..- _forgan*HU1 bitereetfl at
??n Padfle oflloes lt wa* fo-ind
that bfl bfld I - ?? " Ot 'h- ?;
capital Of tha rallroad, bM held a llttle
leea than half of the eommon, ln whlch
trol lay. I|.- .inlared that he
?a i gghl tn thfl and Thfl ot)
dtd nol eiah ? flc'" .?rni thfl matter araa
Bettled bj Harrtman bec imIng a dlredor
<>f Borllngten.
A im!.- lit.-r Ihe Northern 3e.-.:rlti???
Cumpanv wa* forim-d to hold the fjreet
.1 and the Nortbera Pfldfle. Tha
Ufllofl Padfle, aa a beavy BtoehbaMer ln
Orefll Northern, arentintotlM deal. Tben
the Unlted Bl ' Hl br..ki
up tba merger
How mnnv mllllon* flartltnr.n m.-iile otll
of Union I'H.'ifle wiii probably never b<
bhoara Ha begta bnylng Um *tor|< when
II a . Ung for $?>?, a ahare, and ap*
parenUy dear at ti.at. a fear yflsra later
tha reed araa peying dlddeodfl, The
hto.-k l.ns Bold above PN ? flhare,
Fight Againflt the Mflrger.
The gevernment'fl flttht agalnst the
I'nlon Fadflfl m^rjeer bflgBH in Utt, when
Attorney QeAflTfll BO-flpartB Wed In the
Unlted Btatea ClrcuH Coarl Car Utab a
peUtlon to flpllt th* traoflconUnental raii
roadfl brought togetber by Bdarard H
Hariitn.it. Tbla eomblnaUon arai allcged
to he la \ i.il.it'.m <'f tha Sherman .intt
truat la*a
llariiman. la.-ob HL Behttf, otto II.
Kai.n, Jamea BtlUmaa, Henry 11 Rogera,
il.-m> C. I'll'-k and Wllllam A CtflT
were r.ained by the government aa the
ereatora and aopportera of the combina
ti..r, Tt.o gUflfljatiotia in tho paUUoa
atretched over the dnvelopment of tho na?
tlon and went far Into the past. Judgea
Sanborn, Van Devanter, HOOh and Adama
were call. d to paaa on the ault.
The Rovernment'a case was bttllt largeiy
1 on the percihaaa by thfl Union Padfle
RflUread Company in IM an.i 11*02 of 4>'.
1 per cmt of tiie atoch <'f tha Boothem Pa
'.Itle The malfl IbM of the I'tilon Paclflc
. Ktended from Kanr* 1 Clty and OoBflha
la < 'K<ien. By aubeldlary towpanlea it
1 , .,.-.1 P01 tl md, Ore.i aad tbenoe, by
BteaflMrB) Boa rraadaeo and iiie Orlast
The floathern Padflfl had a Une by h?,i
and land front Neat York to San Frun
clsco and portland by way af New
rtrloana, und OWned t!n> c.ntral PadflO,
j extendlng from the termlnus of the I'nlon
[Padfle at Ogden, rtah, t? Ban Praneigce
Two graal QueeUona irara praeanted ta
this |ili...-.e ..f th^ . ase. The llrst was a
Iqinstion Bf IflW?DOBfl the pureha.-" out
j right by o:ie rflUrofld oompany of the '..n
troUlag intareet in another reeult in a
I coinhlnatlon In vlolatlon of the Shertnan
anti-trust law? Jbdga ifook reached the
conoluMon tliut alm-e lt had be.-n d.-.-i.le.l
iln the Northern Securttlea caao that tlie
! holding of tho atock of two coinpauies by
a thlrd waa a vlolathn of the law, there
1 fore the holding hy one of thoae two of
ti. Btoeb of the other muat alaa ba :* do*
, lation. Hut Judgflfl Adam*. Van D.-vanter
j aml dflhbern dM BOt pas* on this point.
bec.iuse they decided the .axe agalnst the
1 government on the secmd queatlon.
The aaflflod queatlon was whether the
I'nlon and Southern Paclth- were i..m
p.-lltora for San Kranolaoo buaineaa. The
j?overnm.-nt presented teatlmony to BhOW
I that tiio two eomponlea before the Baargar
' malnt.ilned rlval BOUdt-Bg Bgeatfl in the
Baal aad irarfl ragarded aa oempetttora
f. r tian.siontifiental buaineaa. The court
I reached the eon.lualon that the question
I of whether they were competltora wa?
not to he decided entltely aa a inutter of
:.o t gfleerflfld bv teatlmony, but waa
jportly B qi.estlon of law. As a matter of
law lt waa held that the two could not be
couipetitora, because the ITnlon Paclflc
had to depend on the Southern Paoltle to
get from Ogden to San l'raticlsco und on
Indapandant rallroada to bring frelght and
paaaengera from the Kaat to it at Kansas
Clty and Omaha. ln ao findlng the court
eondfldfld that ihe I'nlon Paclftc's Une
from <>Kden through Portland to San
Franclsco was Impractlcable.
The kovci ninenr also complained that
the I'nlon and South.-rn Pacillc were co.n
paUtOTfl for huslneas from Atlantic aea
bourd and IntflrlOT pointa on the one hand,
to Portland, Ore., on the other; between
the Atlantie seaboard on the one hand
and ColeradQ and l.'tah common points
on the other; betweea Portland. Ore., cn
the one hand and Utah. Colorado and Ne
vada common points on the other; be?
tween San Franclsco on the one habd aad
Portland, Ore., on the otner; between San
Franclsco on the one hand an.l Mon
tar.a and Idaho common points on the
other: between New York and Interior
common points on the one hand and the
Orient on the other.
Government Lost in Lower Court.
In these complaints the majority of
the court found that the business of each
of the rallroads to the areas In questlon
was so small a percentage of the total
trafflc that it would not be taken as a
haala for a substantlal restralnt on inter
state commerce.
The test which the majority apptled in
the subordlr.ale complaints and ln the
test detarmmlng wlicther the rallroada
were competitors was deBBBBCed by Judge
Hook as probably ailowmg the inlon Pa?
clflc to purchase lawfullv eontrol of all
the great parallel railroad s>stems of the
Unlted States.
Another complaint rejated to the con
struction of the San I'.di,,, Lea Angelea
& sait Laka Ballread Compeny. Mr.
C'lark and his aaeoi latea bagan to bulld
a road to connect L08 Anpeles and Salt
I.ake Clty, and so did tlu- UfllOfl I
Paeauaa of the aiieg*d hnpraotlcabtllty
of cor.structing two llnes through the
eaayaa luiown as Meadow Valley Wash,
one road was built, the court found. BBCh
group of prOBBOtera taklng half the stock.
The antlra court found nothlng ln aiolae
tion of thi Bbermaa BtatMrnat law in the
Union PadoVa eontrol of this road.
The goarernmenl compiaincd of the pur
| the I'nlon Pacilic of a . oiitroll
Ing iBtereat ia ti..- Northern Paclflc Com?
pany. Tlu- rourt declared lt was only
necaaaary to say the Uatoa Pacbfc nad
sold that stock.
BUI] BBOthfT complaint was the pur?
chase ln 1901 by Harrlman. P.ogers. Still
man, Schlff. Kahn and Willlam Rocke
fpller of $.0,000,000 In face value of tiie
stock of the Atchtson. Topeka & Santa
iv Rallway C-_ipany and the investment
ln IM hy the Union PBcUm. in 5 P*r 088*
.,f that stock. The court found no proof
that any eontrol was thus Obtained BffOr
ih-- gaata fe
Thus defeat-d in the ClTCUit ( ourt. th"
?orerBBMBt brounht the case to the BU
prema <ourt. Attorney General Wlckera
harn, Frat.k B. Kellogg and Cordetilo A.
Bareraaea appeaired for the government.
A long list of attorneys, headed by 1 W.
Daaae, ol baa Fianciseo. and bt. n.
Loomla, ef omaha. repraeeated the de
fendauta. _
"B0NUSF0RB0Y_S/SL0GAN
Women Who Teach Them De?
mand Extra Pay.
geheel teac-hers from nll parts of greater
New Vork. acthBg as delenates from their
reapectlva dlatrlcta, attaaded the reguiar
genaral rneetlng of the mterborough As
?odatloo of "aVomea Teaobara last nicht
BdltOrilUB of the Metropolltan I.iro
BulldtBg. Mis*. I.lna Oano. vice-presldent
of the Manhattan district, presided. and
Mlss LUllaa 1. I'oweis was secretary.
When tba gaeattoa of tba aqaallaatloa
ot aalariaa was breacbed by Miss Qaao
she rem.ukei that the men were engaged
ln the flght and that "lt was a good
thlng to let the men do lt." According
to reports from tiie vnrlous delgataa
preaent, most of the achools can boBBt
Igg , #.r cent at leaahora who beiong to
?jIBBli-B" which now has a mem
ba-rahlp of 1-.<X?.
Tbo data el tho annual dinner was an
i... BB "1 aa Aprll 26. the anniversary of
the birthday of the nssoriatinn. lt hi 10
he held. a-. usual. at the Wuldorf-Astoriii,
and, aald Miss Gano, with a BB9_M?. "haj
teacher who has not done much. and
tlilnks that she ought to have ? cliutire
to show what she can do, may go to
work OB any of the conimittees at once."
Some of the speakers BTged a "bonus
for boys." which meana extra pay for
teachinif hoys. It was voted to present
the matter to the presMd.f. Mlss
gtraebaa, 'tnd that it bo the first order
o( business at the next ?BOtaBg. bOaa
Btraebaa, it was annonaead, h to be the
gueat of honor at a dinner n-xt S.itur
day nlght, at which the sp..ik.>rH will In?
clude Mra. Carrla Chaaaiaa Catt, Mrs.
Hllgll <irant Hrown. the president of the
Woman's Club, and Mrs. Willlam gBlaar.
*
REPUBLICANS GAIN A SEAT.
Detrolt, Dee. - Aocordlag to tha Bee
retary ot state. RepreeeatatlTa ,f M. CL
Smith, Republlcan, of the :id Dtotrtet, araa
re-eleeted by a majority of _fl rotea over
Claude S I'arney, Democrat. I'ntll the
returns wera complled lt was thought
I'arney had been efectad. lt is said Car
ney will contest Smlth's alectlOB.
THE 0N1Y SAFE KIND
The Guaranteed Mortgage Js the
highest developntent of mortgage
lnvestment. It is the only safe
kind for the Inexperienced. The
Guaranteed Flrst Mortgage Certlfl*
cate represents the latest improve
ment ln this security.
It is available for all lnvestors,
even for those who wlsh to place
so small an amount as $2CO where
lt wlll bc absolutely safc and wUJ
yield 4<_%, exempt from personal
taxation ln this State.
So investor hjs engt tott _ dollar
30^te(lA_E (JUAWE $
Capital & Surplus, 09,OU 'tOOO
1 76 B'way. N. T. 1 75 Remw-n Bt, B *.lm.
50 f.Ti*on st .lamalca
lf
10
Cunlimied fr.im Hr?t page.
the wrecking of th.' Northern Bank
I\ ln.ll. atea thai n ? ? of the m. i
whlch i ?
tn.- i anal law . luro
vai loua i to si.ln
upon th. ?
acute ia alwaya ev i rooi.
howtver, tn.tt the ultlm ?
the proceeda of th.
Uona was to the pei fti ,,t Robli
In pai
that Mr. Robln, during hl*
oi th- Wasninpton BavingB
Bank and !t, vi- !
tl ' Dl .,;.! hivs and Section 142 nt l.'.
Ing law, borrowed MMM from thai inm
tutlon, fivlng a? securtty his n vidence at
Wadmg River through tbe agency of a
oorporatlon .ullr.i the Wadlng River
i ompanv. whlch h.
Recently this property wai
at .' ..'. .: ?
and waa t>!?i in by tbla
$42,000, nettli
|r of more than J'
Wiiiiam Temple Emmfltl
perintondent of Inaurance, baa alao
wrltton a letter to D .torney
Whitman. proteatlng agalnat Robin'a
release from aentence. This letter calls
attention to tha loottng of tha Title
& Qoflraotei ComnnMWi of Rooh
Tho question of Hjnfi
has been aetUed. Tha i ow he
was made a citlzen on Sei ' m i r 28,
1S92, bcl'oro Judfre W Ulfl-B J. I
in tho city Oourt of Brooklyn. Hyde
gavo his adilreas as No. 7 '
Place, ln that borough, and
been ln tho country flve ?? ? -. Hia
witness araa VflUlajn BL ( htayer, a
brofhar*-ln-l*w <*f Mayor G
tostlfled to H r- aad
bcllef that hu WOUld
cltizen.
DENIES EDISON CREDi
Court Says He Didn't Inv.iit {
Moving Picture Film .
Wasl ington, De
waa hold to-<i i\ .; ' ?
inventor of tbe
ourt or Api eala of tl
. Sohunbifla whli li n n i *
lower court grai
damagea to BSdlaon'a
film company of CM
The court h"ld that the ri
film was neitl
by Edieon, but bj
pbotegrapbk i
work ln thfl dl
ures was BOtely :
ANTI-M0N0P0LY LAW WINS
Supremo Court Upholds S
Dakota Act of 1907.
Wrtshlngton. DflC 2 XI I
ality of tba .-'"'itt; D
or
was npha
-ri,. - lt a crtma ??
? to rflln ? ? v
in geoesal use to a
a lower rata tl i -? :-*r <'eaier ..
dlfferent Bflaflfl wlthin thfl I
Btntllar la "*v*
aral Nortbwi -nd are rec
ed as among the moa' /'
BtatUt'S ever ? I
The Galeway
Chicagq "
New York's ^atcway tn ChktgO tfld
the We?l on Seventh Avenue, one
hlock from Broadway at Thift]
.Street. It is the
Pcnnsylvania Sia-ion
Through all-sterl tralns of the moat RTl d< rn
oqulpment completely appolnled Icivc I
station at convenlent hours.
Among these are the
Broadway LImlted
The Pennsylvanla LImlted
Chlcago LImlted
24-Hoar St. I.ouls
Chlcago Special
and other famous traliiB.
Fer ?!:ne of traliia, tlefcata deiivered at home, 88-80, er BBtall for pullm."
an.1 any Infnrtnatinn, tel<*phona
Wew York "Btadiaon Bquare 7900'*
Brooklyn "Mata 2310" or "Prospect 3100"
<:. HTiDDi*. ona. rwoadcgt, ir.
Olatrlct 1'ain.nrrr AgBBt Asulatant r*|_trl.*t PBBBBaBBI
2H.1 Flfth Avenue (COT, 211th Stre. n, N.w TotB >1ty
ror train arrlvala aad atatlon lnformatlon telephone "ChalBaa*7400"
f^ PENNSYLVANIA RAILROAD
