Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-05-09
GREER. MILLS & co. NOW MEMBERS
OF LIVE STOCK EXCHANGE.
ALL SUITS TO BE DROPPED
SUSPENDED FIRM DOES NOT PAY
THE $1,000 FINE.
End of n Celebrated Case Which Has
Run the Gnmut of the Courts of
the Country During the
Past Three Years.
The Trouble.

The trouble between the Kansas City
Live Stock exchange and Greer, Mills &
Co. was settled yesterday by agreement,
the main points of which were as follows:
First-The exchange is to issue three
memberships to Greer, Mills & Co. in
leu of the memberships surrendered VOL
unfairly by the company two or three years
ago, and they are to be reinstated in good
standing.
Second-The exchange shall expunge from
its records all proceedings of any form
which have been taken against Greer,
Mills & Co. in the past.
Third-Each side shall withdraw all
charges of any kind against the other.
The agreement complies with d letter
of recommendation submitted to both par
ties in the contest, by attorneys on each
side, Karnes, Holmes & Krauthoff, for the
exchange, and Lathrop. Morrow, Fox &
Moore, for Greer, Mills e. Co. Messrs.
krauthoff and Moore met the directors of
the exchange yesterday afternoon, when
the final agreement was made. The agree
ment carries with it the dismissal of all
suits now pending in the matter and fur
ther certifies that the parties on both sides
have the highest regard for each other,
regard which has been increased by the
firm stand each has taken for what it
believed to be the right.
Thus ends a matter which has created
much interest in live stock circles. Greer,
Mills & Co. Is a Chicago live stock firm
with branches in St. Louis and Kansas
City. The firm here held memberships in
the Live Stock exchange, which has strict
rules regarding commissions to be charged
in various cases for selling stock, and pro-
vision that no member of the exchange
fhaSe or in
elude the exchange bylaws regarding them.
The firm, with two other firms, a few
years ago was charged with violating these
bylaws, and each firm was fined $1,000
The other two firms paid up and promised
to cut commissions no more. Greer, Mills
& Co. refused to pay the fine and the ex-
change suspended the firms memberships.
Injunction proceedings. antitrust proceed
ings and various kinds of suits were
brought against the exchange, some Of
which went to the supreme court of the
United States. But all suits still unset
tied are withdrawn by yesterdays agree
ment, the firm is restored to its original
standing and position as members of the
exchange, and did not pay the fine.
Negotiations for the settlement have been
going on for long time, but SO quietly
that there was general surprise among
stockmen yesterday when the settlement
and its nature become known.
S. W. Moore, one of the attorneys for
Greer, Mills & Co., expressed satisfaction
last evening that the matter had been
finally settled, but did not care to express
an opinion on the matter. 1.-The idea was
he said. Ito let the dead past bury the
dead, wipe everything out and begin over
anew. l suppose both sides thought they
had best get to business and go ahead
and make some money for themselves in
stead of paying it all over to the lawyers.
The settlement was made with expressions
Of the highest regard upon the part of
each side to the controversy for the other"