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PAGE TWO TUESDAY, DECEMBER 5, 1911. THE CALVMET NEWS Houghton AGREE TO STAND HALF OF COST OF NEW ROAD PARK ADDITION PEOPLE MAKE PROPOSITION TO BOARD. Material for Road Work in Townahip j to Ba Hauled Thia Wintar. A meeting of the Portage township board and alao if the board of health of Hi.' towns-hip waa held yesterday af ternoon ,it the oftt. f Village dork C. R. Little. At the health boanl meet ing. K. W. Nichols. mWVJMMltKf the promoters of the Parle Addition In Ml Houghton, appeared and pre sented :i proposition relative to the st meting of a new MM to the r"or eat HIU cemetery, the Park Addition p ople offering to pay one-half of the coat If the township will pay the other half. The piopoaed now road will cut off the steep grade from the valley and make the cemetery much easier of access. The board will seeure esti mates on the probable coat of the pro- nosed i id and submit figures at the next meeting. The township board audited the usual monthly bills and the highway commissioner was authorised to haul PqsJi Mr road purposes while the snow Is on the ground, thereby waving much labor ami expense of hauling as much I ir r loads can be hauled than when the ground la bare. THANKFUL FOR DONATION. Mrs. Walker of Goodwill Farm Ex presses Thanks for Gift. The sum of !a, the amount of the collections taken at the union Thanksgiving services in Houghton Hancock laat Thursday morning rind evening, has been turned over to the MM WtU Ksrm. The collection It The Houghton Presbyterian church In the morning was turned over i Mrs. Walker, superintendent of the . by Rev. Frank P. Knowles. and at the Hancix-k Methodist church by Rev. Mandus Barrett, to ea. b ol whom Mrs. Walker has made acknowl-.- ment of the donations Mrs. Walk er desires to publicly express the thanks of the Good Will farm associa tion and of herself personally for the : ;ritutions. which are jarticularly welcome at this season of the year, ex MsflMJ thanks to the pastors and ihurchts which participated in the services and contributed towards the tion for the ; i Wii; farm. A nine year old boy from Sault Ste M is r-, . v.-.l v.-sterd.iv at the Good Will Farm. A "ROARING" LION. A "roaring" lion of ferocious aspect and lifelike appearance, which moves mechanically and looks as if It might try to break loose at any moment, is feature of the window decoration thia . k at the store of E. Haas & Co, in Houghton. A cage constructed around the window inside gives added realism to the representation of the king of beasts In captivity. iiaiefc sflB ssBsraL BsSHsIssbbi n ijtTlintf yiJRHIRnMsMtii r I JsK. JH PtM. 4afiaatflto-sKKsflssssssssHI . -"-r a MADAME ZENDA. The Famous Seeresa,, at the Grand Theater All Thia Week. his guarantee goes with every stone set ring we si II- It speaks for Itself Over 500 different styles to choose fnm. THIS IS A SIGNED GUARANTEE OF SATISFACTION BY THE MANUFACTURERS OF W. W. W. RINGS. White Wile A Warner, makers of Mm famous W-W-W Ring, nuthorixe the retailer to sell their rings with an ahsolutc guar BM of satisfaction. This guaranti-c lm-lud s the stones staying In (except diamonds). If. however, the stones should come out, the maker replaces them absolutely free of charge. The ring Is guaranteed In every detail. If you wish P bu a ring that will give entire satisfaction and much pleasure, we suggest that MM buy W-W-W rings. Look for the mark VV-W-W on the in side. All W-W-W rings guaranteed so, fjsM, Makers of Rings "In Which the Stones Ix. stay In." WHITE, WILE e WARNER Warren Jewelry Go. CA LI Department BEIAUQ BOATS ARRIVE; LAST OF THE SEASON STEAMER CITY OF BERLIN AND BARGE AURORA HERE. Tug Hebard Precedes Them Break Ice For Passage. and The st. amei Cit.v ( H rlin. with th barge Aurora, which er. many days overdue and which were met at Munl sing csterday b i he tug Daniel A. 'Mellaril of le.iiaming. despatched to her aid by officers of the Houghton jc'ounty Klcctrii Light mmpany and 'the People's l-'uei company, ri mehat POTMM BOX try sort) this M'f IMJ The lleliard left the boats at the entry and ran ahead of them to Houghton in or der to break a channel through the ice. and then returned to bring the steamer and barge up the lake, arriving here short h after noon. The Merlin lias M1 tor the 1'. 'pios Fuel company and the Aurora carries a cargo for the I Licctrlc Lkght company. Both boats 'will winter here. They are reported to j bave been considerably damaged by J t tit l.UIIellligS w fl.cn Wic rcccneu from the storm encountered since starlit from lake hirie three weeks ago. They passed the Soo a week ago yesterdtiy. and on lu r reaching Muni sing remained there until the Heltard came to assist them. The arrival of the Berlin a . I the Aurora will 0MM kM season of navi gation on portage Uike. no other boats being expet ft-.! h. Pa, The closing at this date is about midway between the earliest and latest times on record, the latest being December 13 and the ear liest November -7. No Da'ly Map Until April. Storm signals will be discontinued at the local weather bureau station after today, which ij also the final date for receiving weather reports from the various stations throughout the coun try. Hereafter the daily map pub lished in the N'.ws will be iliscontin ued until next April, and the only re ports riri'ii.il at the Houghton sta tion will Ik- from the stations ut Mar quette. MNMi and tireen Bay. The daily reports aj M resumed a month earlier next spring than heretofore, be ginning on April 1 insti-.ul of May 1 as formerly. MONTHLY MEETINGS. No special business came before the I'ortage township board at its regular n.. .ting v est. r.la afternoon. The monthly meeting of the lioard of supervisors will be held next Tues ilay. The village council will hold its De cember meeting Thursday afternoon and the only important business to c.me up will be the report of the stre. t i ommlttev n the proposed road between lxl- Uovale and Ripley streets through the Huppo and Peninsula Wholesale Grocery company proper tlea Classified Ads bring results. MET. USE THE RED CROSS SEALS. once a year we stop from our busy commercial hie as the V'hrist mas sea son comes. lay aside the cares that beset us ami give ourselves over to happiness and rejoicing, taking pleas ure in s.i. h advantages as have be. n Ml hsnfed us. We devote ourselves to our families and friends. We find our own happiness In thinking of them ami in seeking to bring pleasure to them But every Christmas season also has its poverty, its suffering and Its sickness, and while we are oui happiest there may be others within a Mon. s throw, to Ml the season brings nothing of Joy. 1 But if it is impossible to escape the shadow of tragedy we can at least lighten it and the Red Cross Christ inas seals are ..tie ot the nuans pro vided t this end. They afford a MM - ti. a! way of contributing to the happi ness ot those who most ncd thought fulness. They aid in spreading the spirit of the season. Their uag has become a regular feature of the holl- ilav season The Red Cross seal is not a stamp It will not .arty a letter. But placed in the hack of a letter or affixed to a iliristnias package it will help in car rying a little aid to the unfortunates win. uiv in need of care and it will aid in a big tight that is being arm .1 on against a disease now all too pre valent that can be stamped out with proper attention. READY FOR GOLDEN JUBILEE. Continental Fire Department Organ ized 50 Yeara Ago. The Houghton fire hall will he elab orately decorated for the banquet to be conducted next Tuesday evening to mark the fiftieth anniversary of the irganization of the department. Ar rangements for the spread Were com pleted by the committee in -barge . s- tcrday and the event promises to be the most elaborate ecer attempted. The menu will bo an excellent one, suitable for the great occasion. Th. re will be three guests of honor, C.ra ha m I'op. of Houghton and Sam uel I. Smith of Detroit, charter mem bers, and Thomas J. Brown f Wash ington. D. C, the first fire chief. All of the members of the dejmrtment will be present as well as the village of ficers and a few invited guests, the number beitifr limitcsl by the capu it.v f the hall. Following Is a list of the depart- in. -nt officers and members al the lime the company was organized: foreman -Thomas J. Brown, l-'irst assistant -B. J. Grier. Second assistant William H. Pat terson. S'evvard M. Graveldinger. President John Q. McKcrnan. Vice-president -R. M. Hoar. B-rretar W. H. Hcndriik. Treasurer -John P Blandy. Mt-mbers Thomas J. Brown, Wil liam H. Patterson. R. M. Hoar, Jay A. Hubbell. Cinh.im 1'ope, Alexander I'ope. Jr., John Inile, Charles A. Van Ami. ti. Oliver Tourangeau, James D. Bei.l, M. (iravi Minger. William H. Herulrick. Samuel I. Smith. Kdvvard MM r, John C. Martin. William Sum mer. W. Iwivis, Thomas C. Mivine, B. J. Crier, John y. McKcrnan. John K. DoilCtaS, Noel Charbonneaii. I'heo. o. Wall s. I ieorge Brow n. ; .lain, s A I Wood. TRUANCY VERY LIGHT. Capt. w. a. Dana, truant of! oar for the schools la l'oiti;, towi.i.hip. re ports a ronarkai.'o absence of truancy In the BJChOOts, Whethir it miy be at trlMtCd to the just before Clirist maef spirit or "ot, tlure was only "lie pupil Of llu- entire 1.965 enrolled 'ii the s. hoo'.M of 1'i.ttage township .schools abs. ,. i v . rday, this being bivause of Hint as. Most men find it easier to hold a lunaway hois,- ( t . : 1 1 ) to MM the tongue. Galumet Friday, December 8th, 1911 8.30 P. M, The Calumet Lyceum Bureau taks great pleasure in announcing fa r the third number of the course, the appearance of one of the foremost orators in our country today: Hon. Seaborn Wright OF GEORGIA This la nn unusual opportunity to hear a great man, an eloquent and in spiring sp.-aker. In a lecture on a vital and timely subject. IV) not miss thia opportunity ! Jet your seats early, as we anticipate a capacity bouse that evening! Prices to holders ..r season tickets. I town stairs 2.".c extra. Hakony !. extra. fleneral admission: Ixtwn stairs 7:, . Halcony &c. Halcony Circle. r.Oc Snt stile opens at Korster's News stand Thursday morning Dec ml., r 7th, 191 1. LAKES BEAT HOUGHTON. Postponed Gam Placed Laat Nigh Reaulta in Defeat for Locals. A postponed bowline match between the l.ak landed an.) Houghton tennis at On- Dee alleys last evening result ed in a victory for the visiting quin tette by the following evorea: Itke Linden llennea is:' Ul 1"6 I'toffer 1,7 1S2 120 Bnvkway llfi 112 K.6 Bushell 176 1S5 131 Burbeau IS! 132 1st Totals mh 2 7!y Houghton Anderson 17H 151 132 Wagner 141 1S8 157 Plockett IL'7 lf.tt 13 ('ornellier 177 145 177 Treloar I2S 165 13 Totals 752 749 738 REVIVAL AT HURONTOWN. Sp cial services will be comlucteil at the fllirMln ill Hi M. H hurch iverv evening this week, ex i Saturday. h the pastor. Rev. W. H PrOUt. New officers have h i n i looted by the Hiirontown M. K. Sunday school as fol lows: Superintendent J. A. Collins. Assistant superintend, nt Richard Angove. Secretary George Kelly. Assistant sccretar K. Movie. Treasurer -J. Cotton The Dodgevllle M. B Sunday school has elected the follow Ing ofllosfs; Superintendent John ates. Assistant superint. ndenl James T rat hen. Secretary George 'hv now eth. Treasurer- James Tr ithen. FRIDAY NOT FAST DAY. l'riday of this week will be observed by the feast of InnniK ulate Conception among the t'athollcs of the copper country, and will be the first instance of the application of the new ruling by Pope X. that w In n a feast day falls on Friday, Catholics need not abstain from eating m it. Heretofore the only exception made was when Christmas falls on l'riday, this ex ception is being based on the idea that a feast ami fast could not fail on the same day. Hereafter it will apply to all holy days. NERVOUS BREAKDOWN. Mrs. Lempi Miller ot Hancock, whose divorced husband was recently award ed the custody of tin ir daughter by Judge Stricter, was brought to the Jail M Saturday, suffering apparently from a sort of dementia. She is said to have threatened the uirl's life with a knife while defying lur former hus bank to take the girl from her. After her husband had left the woman ran from her home tlUtMlgb the snow In her bare feet. Countv Physician Jack son found the woman to be suffering from a nervous breakdown. LEAVES FOR COLDWATER. County Agent Milkoii leaves today for Cold water with three children from this county sent down from the Juve nile court, one is a child of Tilda Hcndrickson of Calumet, who was re cently (bs-lared unlit to have charge of the children. The other two children to be taken to Cold water are daughters of Andrew Kruk of (!alumet. COPPER CITY TRIMMED. The Houghton howling team defeat ed the Copper i 'it 'st Saturday at the I ee alleys, w inning two out of three games. The scores were: Houghton. 719. 76 and R20. Copper City, 672. 7S2 and 711. n Thursday evening the Hancock and Houghton teams will play at the Dee alleys. PREACHERS MEET. The regular monthly meeting of the CoMMS? Countrv Methodist I'n in lu rs association was held yesterday at Grace M. K. hurch, with dinner fol lowing at the Douglas House. A paper was read by Rev. C L. Adams of Calu met on "(iur Communion Service." I- HOUGHTON BREVITIES :x:J:". l McDonald, manager of the ( latelv -Wiggins store, is suffering from I si riptis Injury resulting from vun- Theater HITS MESSAGE ON THE TRUSTS President Champions the Sherman Statute and Suggests Sup plemental Legis lation To the Senuts and House of Kepre sentatives: This message is the first of several which 1 shall seud to congress during tbe Interval between the opening Ot its regulur session and its adjourn uieut for tbe t'hristinas holidays. The amount of information to tie commu ideated as to the operations of the government, the number of important subjects calling for comment by the executiv e ami the 1 1 ansiuissiou to con grass of exhaustive reitorts of special commissions make it impossible to In clude in oue message of u reasonable length a discussion of the topics that ought to be brought to the attention of tbe national legislature at Us first regular session The Anti -trust Law The Supreme Court Oecisiona. In May last the supreme court hnnd ed down decisions In tbe suits in cipii ty brought by the United Stntcs to en join the further maintenance of tbe Standard Oil trust and of tbe Ameri can Tobacco trust aud to secure their dissolution. Tbe decisions are epoch making and serve to advise the bus! ness world authoritatively of tbe scope nnd operation of the nntl trust act of 1890. Tbe decisions do not de part in any substantial way fmin the previous decisions of tbe court in con struing and applying this important statute, but they clarify those deci sions by further defining the nlready admitted exceptions to the literal con struction of the net. Ry the decrees they furnish a useful precedent ns to the proper method of dealing with the capital and property of illegal trusts These decisions suggest the need Mi wisdom of additional or supplemental legislation to make It easier for the entire business community to square with the rule of action and legality thus finally established and to pre- j serve i lie ueneuf, rreeuom ami spur or reasonable competition without loss of real efficiency or progress. No Change In the Rule of Decision, Merely In Its Form of Expression. The statute in its first section de clares to be illegal "every contract, com hi tin tion in the form of trust or otherwise or conspiracy in restraint of trade or commerce among the sev eral states or with foreign nations" nnd in the second declares gulUy of a misdemeanor "every person who shall monopolize or attempt to monopolize or combine or conspire with any other person to monopolize any part of the trade or commerce of tbe several states or with foreign nations. " In two early cases, whore the statute nlng the blade of a screwdriver Into (tie palm of his hand. K. A. Hlanton. Jr. oT rhilailelphia accompanied by C. W. Masters of Jack sonvllle. 111., ami W. C. Matn l,. st. i of Detroit, are visiting In Houghton. John r. Maloiicy. Jr., of Kault Stc Marie, representing the William Kd vvanls company of Cleveland, is In the city on business. If. A. I'.iirkhaus. n of Cr.-en Itav sf rived In Houghton this morning M business connected with the Darkhau sen til company. Kiev i n births and one death were reported to Village Clerk Mort n'Sul 1 1 v .in as hiviiiL", occurred in the vlllagi of Houghton during the month of No- ember. Columbia MM Knights of Pythias of Houghton will this evening 1 of lloers for the ensuing year. A Dutch lunch will be srrvid and a social ses sion held, to which the II nun k knights have been invited. JiiiUn A. T. Stricter yester.lav morning denied the application for a MW trial made by the defendants in the case of Mrs. (Sustava Rauhala against the Michigan Homling com pany, John Maki and others. It Is ex pecteil tin. case will now be taken to the supreme court. Word has been rec eived ill RoUghtOfl of the drowning of William J. I'rit chard, engineer oj" the steamer Kali uh, when that boat went on the risks off l'olnt Abino, Out. Thursday. Mrs. I'rltchanl was formerly Mis Mary Bulls of Houghton. County Clerk Kaiser, Deputy .Shor ifi Carroll, Court Stenographer Ingram, Hill Dtictia and T. In is. oil left thi morning for the Hyers farm in Mala ga county on a rabbit hunting trip. The party will participate in a pig kill ing at the farm before i.-turiiing. Three lodgevllle men were arraigned before Ju-tie Kittle this morning charged with being drunk. They had engag(d lu a scrap In a Dodgeville sa loon Inst night and were nrrcsted by Ulcer Maher and locked up in the Houghton Jail. Two of the men had no coats on when arrested and gar mentj wen. loaned to them while they made their Stall to court. JUST LIKE BENNETT. "Arnold M.nnett. the latest visitor to these shores." said a New York editor. "Is said to he the greatest liv ing Kirgllsh novelist. I plump for Wella or Conrad myself. However - " The editor smiled. "A critic at the dub the other day was listening to an execrable young novelist. The voung i.ian boasted on Interminably, but at Inst I hard the critic get in these words: "'Do you know, you remind me of Arnold llenneit" "'Really?' The novelist blushed and laughed for pleasure. 'Reall 7 Come, now. do you reallv think" " Yes; you stutter so,' sold the was Invoked" to enjoin a transporta tion rate agreement between Inter state railroad companies, It was held that It was no defense to show that the agreement at- to rates complained of was reasonable at common law, be cause it was said that tbe stutute was directed against nil contracts ond com binations in restraint of trade, w lather reasonable at common law or uot. It was plalu from the record, however, that the contracts complained of in those cases would not have been deem ed reasonable at common law. Iti suit sequent cases the court said that the statute should be given a rensonoble construction and refused to include within Its inhibition certain contrac tual restraints of trade which It de nominated us incidental or as indirect. These cases of rest rant of trade that the court excepled from the operation of the stutute were instances which at common law would have been call ed reasonable. In the Standard oil aud tobacco cases, therefore, the court merely adopted the tests of the co::i mon law and in denning exceptions to the literal application of the statute only substituted for the test of being Incidental or indirect that of being reasonable, and this without varying in the slightest the actual scope and effect of the statute. In other words, all the cases under the statute which have now been decided would have been decided the same way If the court had originally accepted in its construction the rule at common law. It has been said that the court by in troducing into the const met Ion of the statute common law distinctions has emasculated It. This Is obviously un true. II y Its Judgment every contract nnd combination In restraint of inter state trade mado with the purpose or necessary effect of controlling prices by stlflin? competition Bf of establish ing in whole or In part n monopoly of such trade Is condemned by tbe stat ute. The most extreme critics cannot Instance a case that ought to be con demned under the statute which is not brought within its terms as thus con st rued. The suggestion Is also made that the supreme court by Its decision in the last two cases has committed to tbe court the undefined and unlimited dls. cretlon to determine whether a case o restraint of trade Is within the terms" ot the statute. This is wholly untrue. A rea -enable restraint of trade nt com mon law Is well understood and Is clearly defined. It does not rest lu the 1lf WtlM of the court. It m..st bo limited to accomplish the purpose of a lawful main contract to which in order that it shall be enforceable nt ull it must be incidental. If it exceed the needs of that contract It is void. The test of reasonableness was never applied by the court nt commiin law to contracts or combinations or con spiracles in restraint of trade whose purpose was or whose necessary ( lie t would be to stifle competition, to con trol prices or establish monopolies. The courts never assumed power to say that such contracts or combina tions or conspiracies might be lawful if the parties to them were only mod crate iii the use of the power thus se cured and did not exact from the pub lic too great and exorbitant prices. It is true that many theorists and others engaged in business violating tbe stat ute have hoped that some such Hue could be drawn by courts, but no court of authority has ever attempted it Certainly there Is nothing In the deci sions of the latest two cases from which such dangerous theory of ju dlclul discretion In enforcing this stat ute can derive the slightest sanction Force and Effectiveness of Statute s Matter of Growth. We have been twenty one jears ri.ik ing this statute effective for the pur poses for which it was enacted. The Knight case wus discouraging nnd seemed to remit to the states the whole available power to attack and suppress the evils of the trusts. Slowly, howev er, the error of that judgment was cor rected, ami only in the last three or four years bus the heavy hand of the law been laid upon the great illegal combinations that have exercised such an absolute dominion over many of our industries. Criminal prosecutions have been brought, and a number are petal ing, but juries have felt averse to CM vlctlng for Jail sentences and Judges have been most reluctant to impose Biich sentences on men of respectable standing in society whose offense has been regarded ns merely statutory. Still, as the offense becomes better un derstood and the committing of it par takes more of studied and deliberate IMM of the law we can be confi dent that juries will convict individii als and that Jail sentences will be im posed. The Remedy In Equity by Diasolution. In the Standard Oil case the supreme and circuit courts found the combina tion to be a monopoly of the Interstate business of refining, transporting and marketing petroleum and its products, cflecteil and maintained through thir tv seven different corporations, the stock of which was held by a New Jer sey company. It In effect commanded the dissolution of this combination, di rected the transfer and pro ratn distri bution by the New Jersey company of the stock held by It in the thirty MVW corporations to ami among its stock holders, and the corporations nnd indi vidual defendants were enjoined from conspiring or combining to restore sin h monopoly. I all agreements be tween the subsidiary corporations tend fflj to produce or bring about further violations of the act were enjoined. In the tobacco case tbo court found that the individual defendants, tvven tv nine In number, bad been engaged In u successful effort to acquire com plete dominion over the manufacture, sale and distribution of tobacco in this country and abroad and that this had been done by combinations made with a purpose and effect to stille com pet 1 tlon, control prhes and establish a monopoly, not only lu the manufacture of tobacco, but also of tin foil ami lic orice used lu its manufacture and of Its products of cigars, cigarettes and snuffs. The tobacco suit presented n far mors complicated and dllllcult case thuu the Standard OH suit for a dscfss which would effectuute the will of tbe court and end the violation of the stat ute. There was here no single hold ing company, ns in the case of the Standard Oil trust. The main compauy was the American lobacco company, a manufacturing, selling and holding company. The plau adopted to d, troy the combination and restore com petition Involved tbo redlvlslon of the 'capital aud plants of the whole trust between some of the companies con tltnttafl the trust aud new coinpaiiict ! organized for the purposes of the de I cree and made parties to it and num bering, new and old. fourteen. Situation After Readjustment. The American Tobacco company , (Old), readjusted capital $92,000,000; ' the Liggett 4) Meyers Tobacco company i new), capital $07,000,000; the T. Lorll lard company (new), capital $47,000, 000, and the U. J. la) j Ml ill Tobacco company (old), capital $7,.r)li5.O0O, are chiofiy engaged In the manufacture nnd mile of chewing and smoking to bacco and cigars. The former one tin foil company is divided into two, ono of $885,000 capital and the other of 8400.0OO. The one snuff company is divided Into three companies, ono With a capital of $ 1 5.000,000. another with a Capital of $S.(KM),(K!0 and a third with n capital of SH.000.000. The Meorleo ! companies are two, one with a capital of $u.7:.N.;iOO and another with a capi tal of $2,000,000. There is also tbo British American Tobacco company, a Hrltish corporation, doing business abroad with a capital of $20,000,000. the Porto Mean Tobacco company, with a capital of $l.S0O.00O. and the corporation of United Cigar Stores, with a capital of $l,000.ntJ0. I'mler this arrangement each of the different kinds of business will be dis tributed between two or more compa tiles with a division of the prominent brands In the same tobacco products, so as to make competition uot only iosslble. but necessary. Thus the smoking tobacco business of the coun try Is divided so that the present In dependent companies have 21.30 per cent, while Hie American Tobacco com pany will have SBjOI per cent, the Lig gett & Meyers 20.05 per cent, the fjorib I lurd c pany 22.83 Pft cent and the Key nobis . pun 2.88 per cent. The tOCs of the other thirteen compani. -, both pi -fared and common, has boon taken from the defendant American Tobacco company and has been dis tributed nmong its stockholders. All covenants restricting competition have been declared null and further per formnnco of them has been enjoined. The preferred stock of the different companies lias now been given voting power which was denied It under the old organization. The ratio of the pre fcrred stock to the common was as 7S to 40. Ulils constitutes a very decided change In the character of the owner ship and control of each corapnny. In the original suit there were twen fy nine defendants, who were chorged with being the conspirators tfelWtgb. whom the Illegal combination acquired and exorcised Us unlawful dominion. Under the decree MM defendants will hold amounts of stock in the various distributee companies ranging from 41 per cent as a maximum to 8BV per cent as u minimum, except in the MM of one small company, the Porto BidD Tobacco company, in which they will hold 40 per cent. The twenty-nine in dividual defendants are enjoined for three years from buying any stock ex cept from each other, and the group is thus prevented from extending U ! trol during that period. All parties to the suit and the new companies who nro made patties are enjoined porpet ually from in any way effecting any combination between any of the com panics in violation of the statute by way of resumption of the old trust. Each of the fourteen companies is en joined from acquiring stock in any of the others. All these companies are enjoined from having common direc tors or ollleers, or common buying or selling agents, or common offices, or lending money to each other. Size of New Companies. Objection was made by certain In dependent tobacco companies that this set I lenient was unjust because it left .otnpanies with very large capital in active business nnd that the settle Mast that would lie effective to put all on M (quality would be n division of the capital ami plant of the trust Into small fractions In amount more near ly equnl to that of each of the inde pendent companies. This contention results from a misunderstanding of the anti trust law and its purpose. It is not intended thereby to prevent tht accumulation of largo capital in busi ness enterprises In which such a com bination can secure reduced cost of production, sale ond distribution. It is directed against such nn aggrega tion of Capital only when its pun I is that of stifling competition, enhanc ing or controlling prices and establish ing a monopoly. If we shall have by the decree defeated these purposes nnd restored competition between the large units into w hich the capital and plant have been divided we shall have accomplished the useful purpose of the statute. Confiscation Not the Purposs of the 8tatute. It Is not the purpose of the statute to confiscate the property and capital of the offending trusts. Methods of punishment by fine or Imprisonment of the individual offenders, by fine of the corporotlon or by forfeiture of Its goods In transportation are provided, but the proceeding In equity is a spe cific remedy to stop the operation of the trust by Injunction and prevent the future uso of the plant nnd capital In violation of the statute. Effectiveness of Decree. I venture to say that not in the his tory of American law has a 8jcrfl more effective for such a purpose been entered by n curt than that against the tobacco trust As Circuit Judge Noyos said In his judgment approving the decree: "Tbe extent to which It has been ncces ary to tear apart this combitui tion and force If Into new forms with Continued on Puge Three. critic."