Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-12-21

Hfff'a H.A'' " 2 ~ "a = WV AfAWa
NTV NJHE, Dsc. lg.-Thcold Union
Sioclyaris Company NJ Chicago was
hDnghi out early iu 1900 by English
uflmo,ors known MS thr Cltyof London
CORPORATION, that mrnny purchasing
l.liNll shares VI mo ulocai ny ToFntiug
vlail,uOl par value, paying Tor ihcn
something IN cSccss 0f par The com.
pnnY them gn0rggnizUd under he laws
OF New Jsrseyi having capital stock
aud ont landing inOfigug. bonds azure
gaiiua $4,000. Since then it has h1en
Ia much trouble. This public sub.
Hcrihst very sparlngly, II h slid, and
tic uudorW rlters were loaded with the
tcrurctics. Afmour swirl aud
Morris, known as the "Big Thror,u
were heavy holden In the old c1mpauy
nuu fpid Oui o. the Euelish syndicate
"a, 800 per share. No sooner was 40
new company un naCnmpl. heel grt
th1n tho "Big Thrae,n being 10 inuntr
Interested In the IiylIendu, nwuEs 10
the fact that thoy were payiug ex-
ce7slve rates Tor trnclagc, yarIavr,
feed, etc. la consequence, they BOUGHT
5000 acres OF land az roiieaton, In i1na,
and announced that they proposed
90 remove 10 that point. Furthermore,
they purchased three scrrs cOutlguOnf
TO their packing houses IN Chicago,
aud shortly after filed suits there 10
compel the Stockyaris Company 10
permit 10 be- delivered over iif racks
dl;cet the live stock consigned to them,
without handling b. the 5tockyards
Company. This was with the view OF
avoiding paying yarjagc, etc. The
Now jersey Company, with 500. 0OO, OuO
liabilities, fOunu itspli IN the dilemma
OF l1Jng the "Blg Three" business or
Of dividing with Them "a pant Of the Ia.
come. The latter coufgu was pursued,
and tus company madeR contract with
the "Big Three" by which, TIA effect.
the latter decided tho St0ckyat1s Com.
pnny their three ncres at the yArds,
said 10 be worth 100000; 1000 ncrea vt
lolleisoni said 10 have cost 500. 900;
dismissed the suits aud continued busl.
ness ~ the old yards. For all this, the
New Jrrsey Company agreed ~ pay
saOlO,OlO, partly la cash aud partly ia
bonds
No sooner was this agreement made
than Mr.. Ellergan VI London, a stock.
holder In the company, filed bill |
against the New jersey company and |
tee "Blg Three" Tor tho pnrp0.e OF |
having the contract declared illegal, |
Tho vice chancellor Ia New Jersey |
decided In hvOr OF the legal. |
Ivy OF the contract. Today fourteen
now suits were instituted, some In the
United states court, Others Ia the Now
Jersey courls. Tine new plaintiffs In
clude all OF the packers at the yards,
except tho "Big Three" and their
business is said TO aggregate over slOO,.
100000 annually. Application for an
Injunction o. prevent tho carrying out
VI theS3, 900, 900 was made tOChancellor
McGiil of New jersey this morning,
aud today lac entered m enJolning OF,
Ter restraining the parties 60 the con.
.tact from cOnsummatingit. The iulnnc.
Ion was served upon the New yersey
company At oncv. The new suits made
taItling allegations. They Rllego the
l.liercan suit nomenclature and filed
~ one ia close business relation with
ne London contract corporation, that
i was brought really 10 have the con.
ract sustained; that II was ingenloutly
ievlsed 10 suppress the truth; that So
10000 contract IL mere Illegal dc.
yicc TO create "a prohibited discrimlna-
ion contrary to the exprcss statutes Of
Illinois, Now Jersey and the United
States. The New Jersey company IL
vigorously attacked a. being u trust
And combination and an unlawful
corporation, organized 10 deal In tho
stock Of another company, n practice
rOwned upon In the recent trust dc.
jitions OF various courts.