Durango semi-weekly herald., 1903-04-13
TELEGRAPH NEWS.
'"FH 'H"I'1fINE tut HtHf's
Primary elections law.

ST. PAUL. April "a decree in
favor OF the United States was filed
by Judge Sanborn at noon today. II
IL adJudged that the combination OF
the Northern Pacific and Great North
ern stock was in restraint of trade.
The Northern Securities company is
restrained from voting the stocks OF
either company. and officials OF the
roads are interdicted from allowing
the Northern Securities company Off
ccrs to vote their stock or pay any
dividends to the Securities company.
The Securities company is allowed
To return the Northern Pacific and
Great Northern stocks TO previous
holders.
BY this decision. the Northern Sc
curities company. the greatest rail
way merger in the history OF the
world is knocked out The opinions
that certificate holding by the combi-
nation Is Illegal because OF restraint
OF trade Ia supplemented by an injunc-
lion restraining the Securities com
pany from voting stock OF either the
Great Northern or Northern Pacific,
the merged lines
Further. officials OF the roads are
forbidden to allow the Securities com
pany to vote their stock or to pay
dividends to the Securities company.
The decision is the most sweeping
ever aimed at combinations or social
ed mergers Judges Sanborn, Cald-
well, Hayes and Van Deyenter are
unanimous. Judge Sanborn wrote the
decree The Judges hold the two
roads to be- parallel and competing
lines, and that their consolidation.
therefore, is In restraint of trade and
commerce
The amount of stock acquired was
lO1 100000 shares Mt par value. which
was purchased at 5000 per share, and
Increased the bonded indebt edness of
the company To $500. 900 900. The
Northern Securities company had all
Of the stock OF the Great Northern
Northern Pacific and Burlington rail-
| roads
NEW YORK. April g-News OF the
Northern Securities decision caused
stock 10 break from l06 TO l03k
Then strong evidence Of support was
noticed at this point The decision ap-
Darently was complete surprise to
Wall street Prices which had ruled
high all day tumbled violently and
losses of over point were general.
Wall Street expects an appeal to be
taken to the Supreme court After
the shock passed there was no further
disposition 10 throw over securities.
OuRAY, Colo. April 9.-There was
an important meeting of the Ouray
board of trade at the City hall last
evening In conjunction with about six.
~ of the leading merchants. the pur
pose being 10 take ection concerning
the following circular which was is
sued about week ago:
Notice
ITO organized labor and the public
In general. After May first all mem
bers Of organized labor are requested
10 paironlzc only merchants display
ing blue cards in their windows
tsigned)
OuRAY FEDERAL UNION.
OURAY MINERS UNION.
The question was thoroughly dis
cussed and the meeting unanimously
decided to combat the position as
sumed by the unions. II Is said clerks
and drivers have been joining through
solicitation and urging on the part of
The unions, Ninety per cent OF the
merchants agreed that while they up
held the cause OF labor they did not
believe In dictation and boycotts and
signed an agreement not to be coerc-
MI Ful d. t,f. a Itss
playing the said cards taking them
ont of their windows this morning
Both the Plaindealer and The Herald
have Joined hands with the merchants
taking the grounds that the unions
have been well treated in the town
and no conflicts have taken place and
that well enough should be let alone.
The unions are said TO be In favor
of forcing the issue with the mer.
chants and there is liable TO be war to
the finish
ClNNABAR, Mont. April 9-Presi.
dent Roosevelt and John Burroughs.
tho naturalist. left Major Pitchers
headquarters in the Park shortly after
5 o'clock this morning and will be
away all day. Secretary Loeb and
Assistant Secretary Barnes went fish
ing this morning in the Yellowstone
river.
Soldiers yesterday afternoon ar
rested newspaper man named Brad
les representing New York paper,
In the park. while trying to reach the
presidents headquarters. A dog which
accompanied him was shot in accord
ance with the laws of the parks
DIR RiNey returned to Washington
today. but will reioin the party when
the president leaves the park.
GOLDEN. Colo. April 9.-There has
been serious clash between Presi-
dent Palmer and six or seven profes-
sors OF the School of Mines. and
number Of designations are expected
this afternoon. 1t is claimed the pro
fessors are dissatisfied with the new
reform methods instituted by the pres
idcnl and insurrection of the students
is threatened The trustees are favor
ing President Palmer and will place
the samp OF approval on his methods.
ROTTERDAM. April 9,-Soldiers
guarding the Office of transportation
comm my tndaN fir.d unon fpur strikers