The professional world. (Columbia, Mo.) 1901-192?, 1903-08-07
RAILROADS ARE
VICTORIOUS
Win Out in Suit Brought BY
State of Minnesota
GOV. VAN SAINT GIVES VIEWS
Says the Fight viii be Continued and
that the State Laws will be
Vigorously Upheld
GOV. VAN SAINT GIVES VIEWS

st. Paul, Aug. 5.-Judge Lochren In
the United States district court today
decided the Ease of the state of Mime.
sofa against the Northern Securities
company in favor of the Securities Co.
Lochren in dismissing the bill OF
complaint of the state finds that the
ompany has not violated the state
laws forbidding the consolidation of
parallel and competing lines Of rail-
way, through its ownership of stock in
the Great Northern and the Northern
Pacific roads. He refuses the i%njunc-
tion asked by the state to restrain the
Securities company from voting the
stock for the railroads. The decision
does not affect the rules Of the federal
governments victory in the circuit
court In any way. although involving
the same defendants but is based on a
totally different contention of law.
The federal suit in which the com
pany was beaten was a prosecution fol
violation of the Sherman antitrust
law. Still suit in which the company
wins is based on the allegation that
the defendants violated the state act
forbidding the consolidation of paral
lei roads. An appeal to the supreme
court is now pending in the federal
court.
Gov. Van SAINTS Opinion.
Governor Van SAINT said he was moi
discouraged by the decision of Judge
Lochren in the Northern Securities
company's case today. He said thai
the case will be appealed. The gov
ernor said: "The fight is going t.
continue until our laws are vindicatet
and upheld, till it is conclusivel!
shown by indication, that results cal
not be accomplished which our laws
were intended to prevent; that crea
tions of another state cannot be uset
to accomplish here that which i
against the declared policy of thi
state; that competition shall not b.
smothered; that it shall be open, &C
tive and potential: that the dummie
shall not be directors, officers an,
agents to so operate the railroads o
Minnesota that our laws shall be null
fed and rendered Ineffective"
Effect on the United States Case.
Washington, Aug. 5.--Mr. Day, as
sistant to the attorney general, wa
asked what effect the decision O
Judge Lochren in the suit of the Stat
of Minnesota against the Northern Sc
curities company would have on tn
case of the United States against thi
company and he replied: at can hav
no effect whatever. The case of tn
United States against the Securitie
companies was brought under tn
Sherman Antitrust law, chargin
violation OF its provisions, and it wa
decided by four United States circui
judges in a unanimous opinion, the
the Northern Securities company wa
a conspiracy in restraint of interstat
m and therefore unlawfu
This case was not brought under tn
Sherman Antitrust law or any othe
federal statute. II Is a suit of the Stat
of Minnesota for alleged violation
its constitution and laws and the d
cisiOn of Judge Lochran in such
case could in no event affect the r
suit reached by the four circuit Judge
In the former case"
New York Aug, 5.-The decision
favor OF the Northern Securities con
pany caused a four point jump in tn;
stock but the general market is indi
feTent.