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Newspaper Page Text
BIG BUSINESS SCORES AGAINST
Trenton, N. J., June 4. Big Bus
ness scored a tremendous victory in
the ruling of the U. S. district court
of New Jersey yesterday when the.
court, composed of Judges Buffing
ton, Hunt, Woolley and McPherson,
decided the government's suit to dis
solve the U. S. Steel Corporation
against the government and in favor
of the corporation.
Judge Buffington wrote the prin
cipal opinion and Judge Woolley
wrote a concurring opinion in which
Judge Hunt concurred. The court
stated that "all the members of the
court are in agreement as to the de
cree that will be entered although not
in complete accord concerning every
step by which that result is reached."
The principal conclusions regard
ing the steel trust are:
In 1901, when the corporation was
formed, its competitors were doing
60 per cent of the country's steel and
iron business. The test of monopoly
is not the size of that which is ac
quired, but the trade power of that
which is not acquired. The cdrpora
tion's competitors have grown faster
that it has grown. The case is
largely one of business facts.
There was nothing wrong in ac
quiring the T. C. & I. Co. during the
financial panic of 1907. The purchase
of the T. C. & I. and other concerns
earlier in the life of the corporation
were the honest exertion of one's
right to contract for one's benefit,
unaccompanied by a wrongful motive
to injure others.
Andrew Carnegie, a party to the
alleged violation of the law, merely
sold his stock and bonds in order to
retire from business.
Declares size of business is not the
question, but how it is carried on.
Holds that there is no need to return
to the old competitive trade methods.
The decision states "refusal to is
sue an injunction holding that cer
tain price fixing agreements, which
followed the Gary dinners, but which I
stopped before the bill was filed, have
been unlawful, allowing the govern
ment to move to retain jurisdiction
of the bill, if such price-fixing prac
tices are renewed, but suggesting
that matters now may be controlled
by the new trade commission.
The opinion of the court embraces
about 150 pages.
In the event of a street car strike
the jitney bus threatens to play h-e-double
q with the car companies.
And, incidentally, we guess that
said jitney bus has made the trac
tion bosses take two thoughts before
If St Louis, Milwaukee and a slew
of the coast cities can make a huge
success of the jitney bus business,
why not Chicago?
We might call Ivy Lee, General Lee.
He was a regular general delivery
when it came to delivering what the
The carpenters will eventually
convince the contractor bosses that
wood is not the only thing they can
hammer away at
They have done considerable ham
mering away at what they think is
fair in the wage and hour line.
The steel trust won another battle
with the government in the decision
handed down in Trenton, N. J. No,
this is not a surprise party. i
Warring countries have thousands
and thousands of "war babies" to
take care of.
They'll take care of them until
they are big enough to fight; then
take 'em out and shoot 'em.
The latest in warfare is a squirt
gun that shoots a line of Same for a
How true the saying, "All is fair
in war" is being made. If women'
and babies happen to be in the way
of the flame what's the diff ?
Five pairs of Chicago elopers visit
ed Crown Point yesterday.