Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1904-03-17
STORY THAT HE HAS CHARTERED
NEW YORK, COMPANY IN CAM
ADAls DENIED.
REPORT AND DENIAL
FROM MONTREAL

REPORT AND DENIAL
FROM MONTREAL
Vice President Forget of the Montreal
Light & Power Co., Quoted as Au.
thority for Story Says He Did Not
Start 1t.
Montreal, March 15.--RudoIph For,
get, vice president of the Montreal
Light, Heat g. Power CO., today de.
MED that he Is responsible for the
Statement concerning the incorpora.'
/, ton OF the Northern Securities Co. Of
Canada.
New York, March 15.-A Montreal
despatch today gives r. Forget vice
president of.sthe Montreal Light &
Power company, as authority for the
statement that the Northern Securities
| Co.,. OF Canada, has been granted
charter by the Dominion government,
that 1T Is backed by the Hill interests
and is intended to absorb the Northern
| Securities Co. of the United States.
Hill Laughs at story.
| In regard to the above report Presi-
dent is quoted today as saying: 1--WE
1 have as much notion of incorporating
a company in Mars or the moon az in
Canada. We intend to conform to the
| law"
President Much Gratified.
Washington, March 15.-President
Roosevelt received the news of the
| supreme courts decision in the North,
| ern Securities case from the Associat
| ed Press. He expressed his satisfac
ton that the court had sustained tn
contentious of the government.
Governor Van SAINT Delighted. "A
st. Paul, Mimi, March 15.-Governol
Van SAINT when told of the decision in
the merger case, was highly elated. Ht
said:
6, Il am much gratified with the result
! of the decision in the merger suit, fol
in my opinion the decision means more
to the people of our country than any
event since the great civil war. 1t will
i for all time prevent the formation OF
/ illegal trusts and unlawful combina.
\ tions."
4 Railroad officials Statement.
4 Omaha, Neb. March is. General
4 Chas. F. Henderson, general; cbapsel
q for the Burlington railroad, one of Nbe
4 lines affected by the supreme court de-
3Icision In the Northern Securities mer
j ger, said the decision would not In tts
opinion either benefit or injure she
/ general public. He also stated that i
would in no way affect the manage
ment Of the three lines included in the
merger-the Burlington, Great North
ern and Northern Pacific--and thai
each of them would continue to operate
a separate and competing corporation
Wall Street Surprised.
New York, March 15.---There Is nj
use in mincing the statement that thu
i supreme court decision in the Northern
Securities case created unbounded as
,.tonishement, and even CONSERVATION,
lin Wall street yesterday afternoon.
Wall street, generally expecting nom
inally adverse decision chung to the
| hope that the ruling would be as full
of holes as porous plaster, and. that
l the big combinations would find a way
Ito work their will, II not in opposition
to, at least peacefully alongside of,
any pronunciamento by the court OF
last resort.
i Has Been Mistaken.
4 The present aspect Of things makes
it appear that Wall street has been
mistaken in it's estimate of the courts.
i temper 1t may be different story
I when the street RECEIVERS its breath,
and there is a possibility that the f.
A, ,,o;nr ;,,fn tnI IN, ma n
rious kinds may find way to crawl
i from under the load which has fallen
! upon them.
i Does Not End Litigation.
| st. Paul, MINI, March 15. Tho
i governments victory in the Northern
\ Securities case does not end the I'LL.
i cation. There still remains on the
docket the appeal Of the State Of Min.
nesota from the decision of judge
l Lochren.i 1t may be thrown out for
i lack of jurisdiction and so far as the
wresult ito the merger is concerned
4 the decision given today covers thu
same ground There are different
4 principles OF low involved, however,
and a decision will determine whether
4 federal. courts can be appealed to in
order to prevent outside corporations
from violating the laws Of the state.
4 -:-
4 1t is Of interest. to Ottumwans that
Judge Lochren. who has come prom.
inently into public notice during the
discussion Of the noted Northern Sc.
curities case is the same man who,
i by upholding Judge Smith McPher.
sons finding in the case of the city OF
Ottumwa vs.. the City Water Supply
Co., held at naught the decision of the
Iowa Supreme court. The decision in
the Ottumwa case was written by
Judge Lochren and agreed to by
Judges .Sanborn and Thayer of the
4 United States district court Of an