Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1903-04-17
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DECREE 49,, M r4lvo. OF ux,1Er
A -; .',1 7 ! Il ro@T4sa* &C.
$ IT Ga cua1TlEs CASE.
l. .r5
Court Decides That the Stock Held by
Securities Company Was Acquired
In. Virtue Of Combination Among
the Defendants In Restraint Of Trade
j:
and Commerce Among the Several
States In Violation Of Law.

and Commerce Among the Several
States in Violation Of Law.
st. Paul, April. 1o.-The United
States circuit court Of appeals has
handed down q decision in the suit of
the United States against the Northern
Securities company, enjoining the
company from: voting the stock OF the
,, Northern Pacific or Great Northern
railway companies, but allowing the
return Of such stock as has been de-
livered to that holding company.
The decision, written by Judge
Thayer and concurred in by Judges
Sanborn. Caldwell and Handkerchief,
! is in favor Of the government, it be-
ing held that the stock held by the
Northern Securities company was ac-
quired in virtue Of combination
among the defendants, in restraint of
trade and commerce among the several
states, such as the Sherman act de.
scribes as illegal. The substance of
the order is in the decree, which is as
follows:
A decree in favor of the United
States will accordingly be entered to
the following effect:
Adjudging that the stock of the
! Northern Pacific and Great Northern
companies, now held by the Northern
Securities company, was acquired In
virtue of a combination among the de-
PENDANTS, in restraint of trade and COM
merce among the several states, such
as the antitrust act denounces as H.
legal; enjoining the Securities COM
pany from acquiring or attempting to
acquire further stock of either of said
companies; also enjoining it from vot-
ing such stock at any meeting of the
stockholders of either of said railroad
companies, or exercising or attempting
to exercise any control, direction or
supervision or influence
Over the Acts of Said Companies
or either of them by virtue of it's hold
ing such stock; enjoining the Northern
Pacific and Great Northern companies
respectively, their officers, directors
and agents, from permitting such stock
to be voted by the Northern Securi-
ties company, or any Of it's agents or
attorneys on it's behalf, at any cor
porate election for directors or officers
of either of said companies, and like
wise enjOining them from paying any
dividends to the Northern Securities
company on account of said stock or
permitting or suffering the Northern
Securities company to exercise any
| control whatsoever over the corporate
acts of said companies, or to direct
the policy of either; and, finally, per-
hitting the Northern Securities COM
pany to return and transfer to the
stockholders of the Northern Pacific
and Great Northern companies any
and all shares of stock of those COM
panies which it may have received
from such stockholders in exchange
for its own stock, or to make such
| transfer and assignment to such per-
son or persons as are now the holders
and owners of it's own stock originally
issued in exchange for the stock Of
said companies.
Governor Van SAINT and Attorney
General Douglass are greatly elated
over the decision, which promises sue
| cess for the movement they started a
year and half ago.
New York, April 1O.-The case of
the Northern Securities company, it
is announced, will be appealed.
Washington, April 10-Unless there
is very great expedition in bringing
the merger case to the United States
| supreme court and also in it's cOnsid-
Grafton thereafter, the supreme court
will not pass on it during the present
| term. The court will adjourn finally
the latter part of May and will not
convene until next October.
NORTHERN SECURITIES CASE.
Washington Officials Look for Victory
Before Supreme Court.
st. Paul, April liza special to the
Globe from Washington says:
Attorney General Knox, Special At
torney w. A. Day and other officials
If tho onartment If IL, ct ioo who 1.-oro