The Wichita daily eagle., 1897-03-25

prevailing impression that the decisio
of the United States supreme court
the case of the Trans-Missouri Freigf
association settles the question of III
legality of the Joint Traffic associatio
and viii compel It's dissolution.
Several railroad lawyers who have TO
lowed the cases against both the Trans
Missouri and the Joint Traffic associa
tion. while admitting that the decis'o
as reported seems to be that the Trans
Missouri association violated the Sher
man antitrust law, hold that the cas-
was decided on its merits, and that tn
Joint Traffic association is another mat
ter involving another agreement which
will have to be passed upon.
One railroad attorney who has care
fully followed both cases said: "Tht
i case of the Joint Traffic association pre-
sents many points Of difference from
that OF the Trans-Missouri association
When the former was organized all tbs
points of objection to the latter were
fully and carefully considered by emf
nent counsel and were omitted as far as
possible
For the present the Joint Traffic as
sociation must be taken to be upheld by
the courts. The judgment Of Judge
Wheeler, which has been affirmed by
Judge Wallace and Judge LaCombe. sit
ting in the circuit court Of appeals, is
until reversed by the United States su-
preme court, the law of that case. The
Trans Missouri case, in many respects
presented other and different questions.
Nothing has therefore been finally de-
cided that will prevent the JOINT Traffic
association from being sustained by the
supreme court when this case is heard.
RUSSELL SAGE KEEPS COOL.
New York. March 24-RusseH Sage
when interviewed today regarding the
decision of the supreme court against
the Trans Missouri Traffic association,
said that a four to five decision was not
alarming. after all.
'Tt is bound to come all right in the
end continued Mr.. Sage. There is no
question on that point. Brains and cap
ltal have ruled the world since the ad-
vent Of man. and natural laws have not
been changed because Of this one ad-
verse decision. No human law can pre-
cial or business affairs. So-called pro-
tective laws are not needed by the pub
&c, for no association or trust has yet
been able 10 operate at a profit for any
length Of time when it attempted TO op-
press the people. / think an amend
ment TO the present law viii be asked of
congress, whereby combinations of in
terests can be legally effected. AS TO
the railroad properties in which 1 am
personally interested. I do not yet know
what viii be done, or whether they will
withdraw from the associations to
which they belong. The directors will
meet in the course Of time and will talk
over the situation carefully before TAX
ing action. The lawyers will also con-
slider the case in all it's bearings and
evolve some plan Of future procedure.
In the meantime, let the investing pub
lie keep cool"
New York, March 24-The Joint raf-
fc association acting on legal advice has
decided to continue formally in existence
and test the antitrust DECISIONS actual
scope.
RAILROADS TAKE STOCK.
Chicago. March 24-The Chicago and |
Northwestern railway has just an
nounced a subscription of $4,000 TO the /,
stock of the Trans-AIississipp and in
ternational exposition. The Burlington |
road, more than month ago, subscrib- |
ed $4,000. The Rock Island and Union |
Pacific, It is said. will each subscribe |
s25, ,00o the Missouri Pacific $40 900 and |
the Milwaukee and St. Paul $40, 600 The |
total stock subscribed now amounts 10 |
1886. $50, and the promised subscriptions |
OF the railways will raise the total TO |
t52S, ,4S0. H. T. Lindsey, manager of the
of ways and means. ex-
poets to secure at least 100000 in stock
BUYER AS WELL AS SELLER.
Chicago, March 24-The board Of
trade of this city has decided to begin a
crusade against violators Of the inter-
state commerce law, not only those who
in the giving Of rates but
also against those who accept them. At
a meeting the transportation committee +
was authorized to begin this work and
instructed 10 prosecute it diligently.
NEW JERSEY CENTRAL.
New York. March 24-The February
of the New Jersey entral
were: Gross SS4S.939. increase $27, ,3Ss;
net S255. .s57, increase S37,3 ,3T7.
LEEDY Is STILL JEALOUS
Kansas City, March Ex-Governor
Leedy of Kansas. enroute from Port Ar
thur. Texas. was seen by a reporter re-
Car1ino the meeting Of the ranraSap-a |
tives of Kansas lines in progress. He
said tnat he proposed TO use all his
power 10 secure a revision OF freight
rates in that state en- an equitable basis.
He would be willing TO accept a fair
revision. he said. 10 be made by the
railroad companies on their own motion.
but in the event of equal schedules not
being made effective without legislation |