Morning journal and courier., 1892-08-26
THE READING DECISION.

THE READING DECISION.
: A veluminoas Document-The De
cisioR in Favor OF the state-Wha
the Opinion says-The Entire Mat
ter Reviewed at Length.
TRENTON, N. j., Aug. 25.-Chancello
McGill to-day fled an opinion in the grea
Reading combine suit. 1t is q voluminou
document. He grants the preliminar,
Injunction asked for by the attorney gen
ersl, continues the restraining order here
tofore granted, and in addition enjoinl
the Port Reading company from operating
the Central railroad and orders the Cen
trail to operate Its own line and retake 1t,
own property.
The decision is a sweeping one in favor
of the state.
Tho opinion says: The object of the in
formation Is to have a certain indenture
of lease between the Central aud Port
Reading railroads and also a tripartite
agreement between the Central, Port
Reading and Philadelphia and Reading
railroads decreed to be ultra wires and
therefore void and also void upon the
ground of public policy in that they tend
to create a monopoly of the anthracite coal
trade in the state by sitting COM
petition, and thereby to increase
the price of anthracite to the ia
habitants of the state. To effectually
destroy the effect of such lease q msnds-
| Resdino To snrrsndsr and 70 - =. a.
Central iss cornorata f-sncb,se ~ =, nr sHe
| erty, and a restriotiye decree which sbsIl
| perpetually restrain the PORT Resdino
from hereafter controlling or intermed.
| ding with sncb franchIsa ana nron.rt,
| and the three Commanded from ali fntnys
| combinations vhicb yrit, srh,,rar,i,- e.
oressa or tend 70 ;nnrsssa tha Jriaa u III
IT.. ah.a,.,,,r -..,.-. a.. .a.,..
q. 800 1an...h -. az hs..a 100. "a sSa
T.5t.aI - 81 b.. 80, 5.S. ne
az W 1u1 Ut neAIuk sua .nst .,
% Sas Asn m 1aney W sue 1ausostPnlA sno
NeaonE. tnls lease ssys inc cnsnceior,
oan .I % s y. ~ SieaI ieksfs
49, III Az. ~ 10 NV Iounu oiainea
eua' euon san9,ion ~ naa IN Tue amend
"1n. W 'ne Iau.oso isM OF iSoo.
10 W. coneenoeo ourng .he srgumene
'.o' sute az was uIoons'i'ulioua, ooS09se
OF aeIectiye Hue, put tne cnanceIor holos
ina. .has ~ Is I,ee from conssllutionat lnnIm
NY ~ its Tue ano III sunciently oroao In
its Terms. ,
Wneh' tnereIore, nc says, ~ sPpesIs
t1at sucn corporation, unminoiui Oh us
pain ousies, acts PreJuaicaiiy 70 the Puo-
nc IN oroer 70 make unoue gains ana pronts
1or It's stockholoers II uses i,s power IN
nAnner no. eniPia'eo ~ La" WHICH
corners tnem,
,ees no ChHhoo t, taen .aAe1 Up sne 70" VI
Iooo, "nicn pronlpits t.e Teasing oI 40
nestle corporauons Without legislative
sanctlon' ana hoias mat tne act Is consu-
tuaonal. II toiiows, ne says, tnat the
lease, was therefore,, maze nos oniy Win
out ieeSl sanction, out IN oenange y. an
eApresoiy p.oniolCUly s.at .s e .ntnA'
up Ioe quesIion wne.net sne As'otaey gen
eral may INVOKE Ine Po"e. Oh tnts court
70 RESTRAIN aiI !urtnsI oPels,,ons unaeI .ne
lease. ID wen se'tleo, no ssys, Lnsl
Wnen corporate excess Q, power tenos 70
II 1 mpu bs Isssra;ned in eouity At his suis
Way pe s IS IL equ.y o. s Su.
ne noius tnst eue Hs.olney se aesa;. .Ss
'he eiectlon 10 Proceeo AT isW " LoiIeis cue
~ ", ~ ~. .S "a "a
i Te.s ne o9au sLa t So .ho' nc 20
.;JaeS 800 -; ,.h1;o 49, ~
r 1,uee s. LIN e, 49, puoo 81. n 49,
..oot 20. lV e snan eiPp -saI... 80
r. fo-o;.,s aar..a-at;or TTa aar,;a. a..
sn ooi a1 pan.es ~
m o1iesleI ore Plouuoofs VI aptuiAoiIe 9uai'
nhlougn tne lease Oh tne Lenlen Yaiey'
. .nlge Oh tne greas Soai carriers S ar are con
ei1neu W 'ne o .,n y. A.1 tlis i1ase
1;..i y un er t - sns ~ an oS
rao,o =. oan..o,Iad M =. ~. attornar 30 Ia
81 h..ne- 80 IT. ;r;n,n e.
10, 10y
Muen 'ne ul'fa WIGS aIt 'enus VI 10 VI
nature 10 proouce PuDnc injury. ne ID
not required TO wait until all tine monopoly
possible Is created OF unth al tne injury
possible ls In process OF lnnicton. Inc
ahs"ers oeny tna' en .ha G tns nhiiaael,
pulo euu tseo1hs y. WIG TaS
any cosi ianos OF Ptoauce OF aea.
IN coai, ou0 IL ID aomit.eo tna.
the headin2 owns ma2oTlty OF tne cspllai
STOCK OF tne Lenlgn ana "nhesoHrre COIN
Pany; Mns' Is 'nis, sne ona Wbat asi hs
out olseuise ano eYasioua nnS.e'' ho
says' May pe tne noMiaal umne.s a 'a oe
. ~ ..so ~. .nS . I'D a. a,,nr,sv
VIC LIZ app a. ,a;irosd oomnanics
sene5ai com s any ne ai Id Il az
STANG as o"nefs VI LILO oo"1 iono' Al LILLE
court. .u A..
Inc enanceuor conuhuss tnsn,
we nave greae coa eeaiers oo
tnat tney are not suucienIy pau toi 'ue
pfooucts OF tneir nineS' co"oinns 80
tnat already tney eontrol more more ina. .ha one
5alI OF tee ceal neias upon wnt .h 'nts ssa.e
alton of the rema;nino coal products To ef