The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1897-09-24
TME pfc.slon
1ee:aEinx thr aansas city Live stock Es.
e'iahgs a Violation Of tine sherman Anti
Trrst Law Causes Excitement.

Def.ATinr the Hansas City Live Stock Exs
eiinhEe n Violation OF the sherman Anti
Trrss Law Causes Excitement.
kANsAs tirY, Mo. Sept 2l.-The
iecisioE rendered by United States.
Judge Foster, declaring the Kansas
sity Live stock exchange a violation Of
the sherman anti-trust law. caused
a great deal Of suppressed excitement
At the stock yards here Monday. just
what effect the decision will haze on
the methods Of business at the Yards IN
the future is a matter Of conjecture.
Some mombers Of the exchange saw
the dissolution Of the exchange viii be
severe blow to the live stock interests
/ i 1t stands the tests Of the higher
sonrts They say that the business as
carried on under the rules Of the ex-
change has been reduced to scientific
basis and guarantees to every patron
an honest deal. 7' r
I President John c. Mccoy said:
''iVe are in the hands oi our LAWYERS
and until we see them We do not know
what eetion win be taken BY the ex-
change. One fact. we do not know now
the full import Of the decision an.l are
IN no position TO cay what we can dos
Judge Foster defines the interstate
law and says:
IT Is inlisputahle that all TIC live
stocl, shipped 70 these defendants FOR
sale from states other tiaa Kansas or
Missouri, after it has entered tie eur-
rent of comm arce between the states.
continue and remain subjects OF such
commerce until the transportation is
terminated and the property becomes q
part Of the general property Of the
state. Il is also well settled that
while this property IS tie subject
Of Interstate commerce, no state.
municipality or other power but con-
gress can impose taxes restrictions. or
regulations uponit, except 50 far rs IS
proper in the exercise n police regu-
lations for the prosaction or Che health.
morals, and persoa OF the citizen. and
except for proper charges and regiila-
tions for the use of local instruments
as aids or incidents to sueh commerce.
such as docks, bridges, wharves, eleva-'
tors ferries, pilotage, etc,
The case was that brought by the
United States district attorney nearly
a year ago. when Greer. Mills ( Co. =
Chicago-Kansas City frn, was drigen
from the exchange The firm was sus-
pended for the npn-paynent Of tins,
aggregating $1,000, and sued Tor an in
junction.
The association IS located On the
kansas-Missouri line. IN the ininedi-
ate vicinity Of the Kansas City stock
Yards Ca.'s yards. The dccision ..a-
clarss that the exchange is clearly a
combination whose purposa Is - ~
strict control and n,onopoliz. thz ? n.y.
ing and selling q live st ok at the Kaa-
sas City yards, and continues.
The methods and aims Of many of
these exchanges aud boards of trade
are not altogether beneficial 10 the
business and commerce Of the conntrv.
The crying complaint Of to-day and
the great menace to the welfare & .he
people is the tendency OF wealtl. 10
monopolze and control By trusts and
combines the products and industries
of the country. and must he confess /
by every thoughtful observer that
many Of tl,e so-ealled stock and produce
exchanges are among the most potent
instrumentalities for the accomplish
ments Of these purposes BY speculators
and adyenturcrs.n