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The commercial. (Union City, Tenn.) 190?-193?, May 19, 1911, Image 1

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn89058321/1911-05-19/ed-1/seq-1/

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Over White & Burchard'a Drug
Store, Union City, Tenn.
Office 144-2, Re.idence 144-3
r r 1 A
Over White fit Burchard't Drujf
Store, Union City, Tenn. .
Office 144-2; Residence 144-3
Vnion City Comtnerei1.e.U-li.he3 :W ' consolidate September 1. 97
Wesl Tennessee Courier, esuiDlinhed ;57
VOL. 20, NO. 9
11 j i t
: 't
'i if' ' y -
jSif f!EEii Gome.
A Bank- Account
Coprrl.-ht lf. I"
'ANY people see the things they desire in
their imagination but few attain them,
because they do not set about accomplishing their desires
in an intelligent manner.
Few ambitions to-day are accomplished
without a r - .
If you do not possess one, why delay any longer in taking
the first step toward success? '.',-'.'
Old National Bank
Union City, Tennessee
For the
Sweet Girl Graduate
or the y
Swell - Head School Boy
Just the very thing beautiful, useful and appropriate for a
' Graduation Present:" That big lot of
we are going to sell Saturday, beginning at 10 o'clock your
Choice for $1.00. Many of these Pens are worth $5.00. Pearl,
gold and silver mounted. They are all going at $1.00 for
choice. See our show window.
Key at Vanderbilt.
Frank Key was the representative of
the Training School at the Ninth An
nual Inter-scholastic Declamation con
test held at Vanderbilt May 12, having
qualified from the preliminary contest.
He is one from only ten who qualified
in this contest. Key deserves great
credit for the success and honor he lias
brought the Training School. The
Training School has been unfortunate
in not having their representatives for
two previous years to qualify. '
Welch represented the Training School
in the Sixth Annual Oratieal contest at
Dyersburg on the same date. He came
second to the medal offered by the U.
D. C, J. L. Chapter. The Training
School was also represented in the West
Kentucky and Tennessee Track meet at
Dyersburg by Welch, captain, Wilson,
Honeycutt and Kinkle, who were suc
cessful in taking away three of the
seven prizes. Honeycutt took the medal
for the 75-yard dash, with Kinkle sec
ond, and for the 75-yard hurdle, with
Wilson as second. The team won the
pennant for the relay race and came
second for most points of the meet, 27.
It must be admitted that the Training
School has been very successful in school
work, public speaking and also in ath
letics; and above all, "baseball." The
Fulton people said after the game there
Monday, which resulted 4 to 3 for Ful
ton, they would have to take their hats
off to the Union City Training School
baseball team. Any one who has seen
the team play this year will say that it
is the best amateur team in the State,
and that "Kid" Johnson and "Judge"
Smith can't be bested.
'Everybody's coming to the Tipton
ville games on Tuesday and Wednesday,
May 23 and 24 at 4 p. m. ,
Summary of Decision inStand
ard Oil Case.
The Supreme Court holds;
That the Standard Oil Company is a
monopoly in restraint of trade.
That this giant corporation must be
dissolved within si.t months.
Corporations whose contracts are not
unreasonably restrictive of competition"
are not affected.
Other great corporations whose acts
may be called into question will be dealt
with according to the merits of their
particular cases.
The court was unanimous as to the
main features of the decision, Justice
Harlan dissenting only as to a limita
tion of the application of the Sherman
anti-trust law.
President Taft and Cabinet will con
sider immediately the entire trust situ
ation and the advisability of pressing
for a Federal incorporation act. -
A decision in the tobacco trust case,
which was expected simultaneously, was
not announced Monday and may be
han1d down May 29.
Standard Oil Litigation.
The suit which called forth Monday's
decision was instituted in 1906 in the
United States Circuit Court for the East
ern District of Missouri. It was brought
in the name of the United States. The
immediate object was to dissolve the
Standard Oil Company of New Jersey.
From the very beginning the busi
ness and , the legal worlds recognized
that the suit put the Sherman anti
trust law to the most severe test which
it had been subjected. The law had
been on the statute books since 1890
and had been the basis of some eigh
teen suits finally passed upon by the
Supreme Court of the United States.
That the law was constitutional was ac
cepted as settled by these decisions, but
simple as the words of the statute
seemed, there was an absence of una
nimity in regard to its interpretation.
With that situation confronting the
Government and the defendants, the
suit was begun with the general belief
that the entire business world would
feel the effect of the outcome of the
gigantic struggle.
The Government claimed that two
sections of the Sherman anti-trust law
hal been violated. The first section
read as follows:
"Every contract, combination in the
form of trust or otherwise, or conspir
acy in restraint ot. traue or commerce
among the several States, or with for
eign nations, is hereby declared to be
illegal." I
The second section reads:
'Every person (which subsequently
was explained in the statute to include
corporations) who shall monopolize or
attempt to monopolize or combine or
conspire with any other person or per
sons to monopolize, any part of trade
or commerce among the several States,
or with foreign nations, shall be deemed
guilty of a misdemeanor. "
. The Standard Oil Company of New
Jersey, some seventy subsidiary corpo
rations, John D. Rockefeller, William
Rockefeller, Henry M. Flagler, Henry
H. Rogers, John D. Archbold, Oliver
H. Payne, and Charles M. Pratt, all
defondants in the suit, denied the
Months were spent in gathering evi
Civ- ifJIIilliliiiiiilllliiiH ..aiiM-ji'U i. wiud i i itjy
t k Ihftfc - f IIMMMIIIII
Makes Home Baking Easy.
Gives nicer, better food than baker's.
There is no baking powder like it
for hot biscuit, hot breads and cake.
Made from Pure Grape Cream of Tartar,
The general line of attack, as
sown by evidence Presented bv the
Government, was this: It claimed that
about 1870 the Rockefellers and Flag'
ler conceived the ilea s of controlling
the petroleum trade of the country,
and a little later entered into a con
spiracy with Rogers, Archbold, Payne
and Pratt to gain a control of the oil
business. To carry out this alleged
conspiracy, it was claimed they first
"pooled" their interests, then put them
into the hands of trustees, or "trusts,"
and finally when the trust of 18S2 was
declared "void" in a decision by the
Ohio Supreme Court iu a proceeding
against the Standard Oil Company of
Ohio', reorganized the Standard Oil Com
pany of New Jersey to take over their
interests and to secure monopoly. Evi
dence of rebating, of price cutting and
of the organization of secret concerns
to pose as independents was elicited to
show that the Standard was seeking by
unfair means to restrain trade and to
procure a monopoly. v
Standard Oil introduced evidence to
show that there had never been such a
conspiracy.' It sought to prove that the
Ohio Supreme Court did not hold the
trust agreement of 1882 void, but merely
required the Standard Oil Company of
Ohio to withdraw from the "trust."
Evidence was produced to show that
rebating had been the order of the day
among all commercial concerns; that
price-cutting and recret concessions were
the rule, and were used as legitimate
instruments of competition,
The Circuit Court held that the reor
ganization of the Standard Oil Company
of New Jersey in 1899 was not only a
violation of the first section of the act,
which referred to restraints of trade,
but also of the second section, which
applied to monopolizing. The Standard
Oil had argued that there could bo no
additional restraint as a result of the
reorganization because the Standard Oil
Company of New Jersey was owned by
a common body of owners in exactly
the 'same proportion that all the sub
sidiary companies taken over Ly this
same common owners for years past
The court held otherwise, and said that
the combination in a single corporation
or person, by an exchange of stocks of
the power of many stockholders hold
ing the same proportions respectively
of the majority of the stock of each of
several corporations engaged in com
merce in the same , article among the
States, or with fdreign nations, to re
strict competition therein, rendered the
powcKthus vested in the corporation or
person greater, more easily exercised,
more durable and more effective than
that previously held by the stockhold
ers. In these effects, the court found
a restraint on commerce.
The court then proceeded to evolve a
plan to remedy the situation. It entered j
a decree, enjoining the Standard Oil
Company of New Jersey from exercis
ing any control, by reason of its stock
ownership, over the subsidiary( com
panies. Furthermore, it enjoined these
subsidiary companies from paying any
dividends to the Standard Oil Company
of New Jersey. It put a provision in
in the decree to enjoin any possible
evasion of the decree by the organiza
tion of a similar combination or the
conveyance of the property to one of
the defendants. Unless the defendants
sliould sever the relations and ceasp the
combination within thirty days they
were to be enjoined from engaging in
interstate commerce until they did cease
the combination.
From the Circuit Court the case was
brought to the Supreme Court of the
United States. The record laid before
the higher tribunal probably was the
largest ever prepared in an American
case. The petition, pleadings, testi
mony, opinions and decrees constituted
twenty-two large volumes of more than
five hund.ed pages each. .
The case was first argued before the
Supreme Court in March, 1910, but it
was restored to the docket for reargu-
ment. The case was heard the second
time in January, 1911, the latter time
before a full bench." Noted attorneys
appeared on either side. For the Gov
ernment, Attorney General Wickersham
and Frank S. Kellogg, special assistant
to the Attorney General, addressed the
court. For the Standard Oil there ap
peared John G. Johnson, of Philadel
phia; John O. Milburn, of New York,
and D. T, Watson, of Pittsburg.
The best mattresses that can be found
are at the Home Furniture Co. Tele
phone 99.
Life, Personal Accident and Health, Automobile,
Fidelity and Surety Bonds, Burglary and Theft.
If you own an Automobile, insure against liability,
as wi;ll as accident.
Do not fail to insure your property against
Fire, Lightning and Tornado
We do not canvas, but people come to us constantly
and ask for the best Life Policy covering their needs.
We always recommend the kind that is least profitable to
us and the company an Income Bond. It costs least
and protects best For life and accident we always rec
ommend the best The Travelers.
For farmers we issue an Accident and Health Policy.
We list houses for sale and rent. '
Jno. T. Walker & Co.
Think what it would have meant to you on several occasions
if you had only bought Union City and Obion County property.
Opportunity lost never returns but new ones are continually
cropping up. What about buying one or more pieces of prop
erty we are offering, any one of which will make you money.
Every one makes mistakes, but there's no excuse for making
a specialty of doing so.
Come in and let us talk Real Estate to you, we will give you
the advantage of what we know about good property in Union
City and Obion County.
We have had Six Years of Experience
Our Dealings Must lie Satisfactory to all Concerned
Carter & White Co.
Real Estate and Insurance People
Fire, Life, Tornado and Accident Insurance
Office 229i South First Street, Rooms I and 2. Telephone 77
Farm Lotes
J I make loans at 5 per cent, interest on lands
located in Obion and Weakley Counties, Tenn., and
Fulton County, Ky., in sums of $1,000 or more on
first n ,ss improved farms. '
Loans made on farms of fifty acres or more on five
years time with privilege to borrower of paying same
after one year in full or making any size partial pay
ment desired at intervals of 6 months after one year
from date of loan, interest being stopped on partial
payments made.
,,0. SPRAD
Vrvion City, Tnn.
Alfalfa in Fulton County.
Hickman, Ky., May 14. Alfalfa is
comparatively a new crop in Fulton
Coupty, but one of the most success
ful, especially on the lower bottom
farms. It is now over a foot high, and
almost ready for the first cutting, and
the farmers always get five crops from
a field of alfalfa. It is cut from five to
seven times a year, and even in off
years makes from three to four crops
each season. It fattens cattle almost
like corn, enables farmers to keep horses
and mules with little or no grain, is
eaten by all kinds of poultry, and
makes a kind of hay that hogs will eat.
It is now being used for household pur
poses, chopping it as fine as flour and
making alfalfa cake and bread for fam
ily use, and it is also said to make a
fine soup, and that a tor of alfalfa will
keep a family of sijt.in soup for one
year, it is said. . P

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