The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-03-31
TO FIGHT THE BIG TRUST.
Col Ellwood Troublesome Obstacle
in the Path of Pierpont Morgan.
(Chicago American.l

tChcaSo American
There is a big and troublesome OBJ
stacle in the path of the billion dollar
steel trust.
Colonel Isaac L. Ellwood has thrown
down the legal gauntlet to the entire j.
Pierpont Morgan aggregation He has
laid his plans for war, which viii be
carried to the very end he says, If the
billion dollar organizers fail to recog-
nize his demands
Colonel Ellwood is fighting against
the proposed redistribution of stock as
arranged by the new concern and the
complete change of plans under which
the old American Steel & Wire COM
pany was organized. This is a brief
outline of his contention. There are
many details which will come to light
when the inside history of the forna-
ton of the newest and greatest trust
is told in the courts.
Colonel ElIwood declines to make
known his plans of warfare. When
seen at the Washington hotel Friday
evening he said to a Chicago American
reporter that he had inaugurated a bit
ter fight against the big trust and that
the battle would begin without delay.
He and his attorneys left for the east
yesterday to begin legal proceedings.
The plain intimatiOn of Colonel ELL
wood is that the distribution of stock
in the new concern was made upon I'M
fair lines and that the OrganiZa ton was
open to something more than criticism
Colonel EllwOOd was dining with his
attorneys, John z. Wilson of Chicago
and d J. Cranes of Sycamore, Ill. He
said:
IL have thus far refused 20 transfer
my stock and interest in the American
Steel q Wire company or to agree to
the plan upon which the billion dollar
trust was organized at the direction of
j. PierpOnt Morgan.
My position is fully covered and
made plain when i state that the lines
upon which the old American Steel &
Wire company was organized We're
both fair and honest and are entirely
When asked as. TO his plan Colonel
EllwOod said:
Il have decided just what course I
shall pursue in fighting the trust mag
mates and the elimination of the
scheme. These plans will, of course. be
known in time, though 1 cannot state
them now" r..
Colonel EIwood said that he had
given the entire day to consultation
with his attorneys and that the next
steps would be taken at Jersey City,
Where the new trust dates its official
and legal BIRTH Presumably legal pro
ceed1ngs viii be taken there tomorrow.
y tyro in commerciaIism may think
tnat one man will accomplish little in
attacking such an Aggregation of can
AtoAA anu etDlNdllSL Is dS -. PlGrDOnt Nor
gan mas, gathered around him. Those
who knows the aggressive and executive
qualities of Colonel EIlwood will agree
that he mas not begun the fight without
clear understanding of the issue and
confidence in the results
colonel Ellwood was one of the or
gamers of the American Steel e, Wire
company and for time was chairman
of the board.
Colonel Isaac L. Ellwood is a resident
OF DE Kalb, H.. and is prominent in
republican politics in his state. He
was appointed colonel on the staff of
Governor Tanner and was continued
as member Of Governor Yates staff.
ne, Is one OF the wealthiest men of
Illinois outside of Chicago. His for
tune, accumulated in barb wire manu-
Iacture, is estimated at $4,000. 600.
Our Spring Hats,
the Miller, Warburton Dennev and
Sehoble, were never so pleasing in
shapes. Sole agents
RPOTVN- ny o ~,