Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1903-04-04
PRESIDENT HAVING
A GOOD TIME
Spent the Morning in La Crosse and Went From
There to Be Guest of Minneapolis and ST. Paul
HIS SPEECH OF LAST
NIGHT ON THE TRUSTS


t as we'll the demanding. Or receiving
a such preferences, and provides the pr
n ventive remedy of injunction. This la
n represents a noteworthy and importal
n ulation of transportation. Moreover, IL
e passage has been supplemented by TIL
4 enactment of law to expedite tn
: hearing of actions of public momen
under the antitrust act, known as tn
Sherman law, and under the act t
regulate commerce, at the request Q
the attorney-general; and furthermor
additional funds have been appropriat
ed to be expended under the direction
of the attorney-general in the enforce
ment of these laws"
"All of this represents a great ant
substantial advance in legislation. Blu
more important even than legislation i
the administration Of the law, and
ask your attention for a moment to TIN
way in which the law has been admin
istered by the profound jurist and fear
less public servant who now occupies
the position of attorney-general, Mr.
Knox"
"The first step taken was the prose
cution of IA suits against the principa
railroads of the middle west restrain.
ing them by injunction from further
violations Of either OF the laws in ques-
| ton. About the same time the case
| against the Northern Securities Com
| pany was initiated. The attorney-gen-
eral reported that in his opinion the
Northern Securities Company and its
control of the railroads was a combina-
| ton in restraint of trade and was at
tempting a monopoly in violation of
the national antitrust law. Thereupon
suit in equity, which is now pending,
| was begun by the government to test
the validity of this transaction under
the Sherman law"
cat nearly the same time the disclos-
ures respecting the secret rebates en-
joyed by the great packing house COM
panies, coupled with the very high
price of meats, led the attorney general
to direct an investigation into the
methods of the so-called beef trust.
The result was that he filed bills for
Injunction against six of the principal
packing house companies, and res
trained them from combining and
agreeing upon prices at which they
would sell their products in states 9TH
er than those in which their meats
were prepared for market. Writs of
injunction were issued accordingly, and
since then, after full argument, the
United States circuit court has made
the injunction perpetual
'The cotton interests of the south in
Guiding growers, buyers, and shippers,
made complaint that they were suffer-
ing great injury in their business from
the methods of the southern railroads
in the handling and transportation of
cotton. They alleged that these rail-
roads, by combined action under a
pooling arrangement to support their
rate schedules, had denied to the ship
pers the right to elect over what roads
their commodities should be shipped,
and that by dividing upon fixed basis
the cotton crop Of the south all in
ducement to compete in rates for the
transportation thereof was eliminated.
Proceedings were instituted by the at
torney-general under the antitrust
law, which resulted in the destruction
of the pool and in restoring to the
growers and shippers of the south the
right to ship their products over any
road they elected, thus removing the
restraint upon the freedom of COM
merce."
'In November, 1902, the attorney-gen-
eral directed that bill for an injunc-
ton be filed in the United States circuit |
court at San Francisco against the
Federal Salt Company corporation
which had been organized under the
laws of an eastern state. but had Its
main office and principal place Of busi-
ness in California-and against a num-
ber of other companies and persons
what was known as the
salt trust. These injunctions were to
restrain the execution Of certain con-
tracts between the Federal Salt Com |
pany and the other defendants, by
which the latter agreed neither to Inn
port, buy, or sell salt, except from and
to the Federal Salt Company, and not
to engage or assist in the production OF |
salt west Of the Mississippi river dur
Ing the continuance Of such contracts.
As the result Of these agreements the |
price of salt had been advanced about !
400 per cent. A temporary injunction |
order was obtained, which the defend |
ants asked the court to modify on the
ground that the antitrust law had no
application to contracts for purchases |
and sales within state. The circuit |
court overruled this contention and |
sustained the governments position.
This practically concluded the case,
and It is understood that In conse-
quence the Federal Salt Company is
about to be dissolved and that no fur
ther contest will be made.''
stop overs will be allowed In Califor-
nit on Colonist tickets Via santa "a.
April i to June 16. 1903 n. q Lnts
Assnt. santa Fe. n. y.