davidaulloa/AmericanStories huggingface dataset:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
EH. Princes Grain Letter.

Chicago, Oct. 13.-Wheat-With
most eof the news of the day bullish
wheat has declined. There was some
strength shown early, the northwest
buying a great deal Of wheat and re-
porting large sales of -four, as high as
275, 900 barrels. The trade believes the
market is mainly scalping affair
with large local interests taking hand
in the operations. The Price Current
estimates that this country and Can
ada would have 100,000,0O0 or more for
export had no apparent effect. Cash
wheat was reported stronger every
whe re, limits on hard Kansas wheat
held here being raised cents today,
making four cents in two days. Sales
100000 bushels of hard Kansas wheat
are reported here to eastern millers.
Southwest receipts are the same as
wear ago. We would rather buy on
the good declines.
Corn-Prices receded considerably.
Late weakness shown in wheat was the
principal factor. There was an urgent
demand for car lots with cash prices
UP IL to cents, but eastern ship
ments were not large, about 225,0O0
bushe1. Seabord sales were $4,000
bushel. Price Current estimates 2,4OO,-
900 900 bushel, or more corn assured
and merchantable supply far greater
than year ago. Crop Of all cereals
never before equalled but once, and
now per cent larger than average Of
last five years. Corn bought under As,
We believe. will show profits.
Oats-Some covering of shorts early
while wheat was strong caused q firm
market but prices weakened later.
Sales from the northwest and attempts
al re-sellins the property bought ear
lier were the factors. The northwest
territory Is shipping a little In this
direction. Duluth had $4,000 bushels
today, and Minneapolis ninety nine
ears. Cash prices one-half cent high
CT. There is nothing bullish in the
situation.
ProyisionSrProvisi were stronger
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
The "Land Of Disa.ter."
TRoston TRANSCRIPT

1t realyy isn't strange tn 1T Germany
calls our country the land of disaster,
or, rather, that it has just cause for
so clubbing it, if the man Who, as Mr..
AIDE gently insinuates, owns the coun-
try says we must expect re ilroad acct
dents occasionally" Fancy German
official even of little cons squence adj
hitting such flaw in railroad man
agement, and then picture the seance
the kaiser would prepare for him as a
means of setting him to thinking.
Hardly a day passes now that an ac-
cident Of some kind isn't recorded here,
the only cause found being that "some-
body blundered." And those who watch
and wonder at the frequency of them
and the way in which Americans are
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
A "ouick" Learner.

u u tft'ffd OIe5UIIIfllI.J
A Kid who began feeding a press in
a Seattle print shop and was fired a,
the end of the third week made his
way down to Portland and got SIM
liar job in one Of the local shops. Sat-
urday he completed two weeks work
and applied to the office for a raise.
How long have you been working
here?" asked the boss
''rwo weeks" answered the kid.
WELL" said the boss, ito put i.
plainly, / don't think you're worth a
cent more than you're getting|''
II quit right here" rejoined the kic
with considerable profane empha>
sis. "You can take your job to hade,
and I'm blank sorry l ever learned the
printing business"
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Cure for Asthma and Hay Fever

The statements published below con-
firm the claim of DR.. Schiffmann that
his remedy is an absolute cure for Asthma
and Hay Fever.
Mrs. Mary Zachery, Pleasant Hill, La,
says: II have found your Asthma Cure q
permanent cure for Asthma, for which !
slightest return Of the trouble since. /
have also found your remedy excellent in
Bronchial affections"
A Hay Fever sufferer writes: II have
had Hay Fever for IA years. bought Q
package Of your remedy (Schifmann's
Asthma Cure), Of our druggist and due to
Its use this is the first summer thatI have
not been troubled" Mrs. Frank Guilfogle,
Sold BY druggists at Soc and el.OO.
Send &c stamp to DR.. r. Schi6mann,
Box 800, st. Paul, Mimi, for free SAM
pie package.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Western Union Rich.

New York, Oct. 13.-The annual re-
port of the Western Union Telegraph
Company issued today gives the total
revenues of $29,249.3 800, an increase OF
$S1,703; total expenses $21,361,915, an
increase Of $4O8,70S net revenue, S7,-
ss7,475, a decrease of s326.997. The
surplus for the year, after charges was
1851, 704, a decrease of s4O701s.
President Robert G. Clowry in his
annual report made no mention Of the
agitation during the past year over
the dissemination. of racing news, nor
about the difference in revenues on ac-
count of the cutting off of the racing
news service.
During the year 66,193 miles Of wire
have been added, making the total wire
mileage Of the company 1,155,405.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

Chicago, Oct. 13.-Higher cables an
smaller northwestern receipts had q
strengthening influence in wheat to,
day, December opened ssM1s higher al
1.1OA @11OB, reacted on selling BY
longs to LOS, rallied to 1.111s, declin-
ed to 1.10A Minneapolis Duluth
cago receipts were S27 cars.
Market broke sharply ON liberal of
ferings, but loss partially regained OF
covering by shorts, December closing
a shade higher at 1.1O2s.
Corn.
Small receipts and higher cables
caused firmness in corn, but moder-
ate liquidation resulted in loss of tht
initial advance. December opened !.
shade to Il ashigher at 49A @50. De-
clined to 1875. Receipts We're SS cars.
Corn sold off in sympathy with
wheat December closing A@as lower,
at 1875
A fair demand from shorts held oats
steady December opened shade high
er at 29A, advanced to 293s. Receipts
were 1923 cars
Provisions.
Buying for outside account held pro-
visions steady.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
THE DAY BEFORE.
(For Comparison.)

Chicago, Oct ~.
Cattle-Estimated receipts for today.
10000; market steady; good to prime
steers, 5.25@6.60; poor to medium.
3.5O@5. 90; stockers and feeders, 2.00@
400; cows, 2.5O@4.50; heifers, 1000
5.25; Gamers, 1.50@200; bulls, 1.75@
AIS; calves, 25O@7.35; Texas fed
steers. 4.5o@5.5o; western steers. 1925
@4.75.
Hogs-Estimated receipts for today.
Is, 900; market 10 to Is lower; mixed
butchers, 560@5.9o; good to choice
heavy. 5.7o@5.s5; rough heavy, $3.50
$50; light, 5.4o@5.75; bulk sales, 5.65
@5.so.
sheep-Estimated receipts for today,
10000; sheep and lambs, steady; good
to choice wethers, 3.5O@4.25; fair to
choice mixed, 3.oo@3.5o; western
sheep, s.oO@4.25; native lambs. 400
$500; western lambs. 4.25@6.45.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
A Dozen Times a Niaht.

Mr. Owen Dunn, of Benton Ferry,
w. Va, writes: II have had kidney
and bladder trouble for years, and it
became so bad that l was obliged to
get up at least a dozen times a night.
l never received any permanent bene-
fit from any medicine until tried Fol-
ey's Kidney Cure. After using two
bottles, am cured" For sale by B. A.
Morgan.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Better Than Pills.

The question has been asked--.tn
what way are Chamberlain's Stomach
and Liver Tablets superior to the ordi-
aary cathartic and liver pills? Our
ansy. er ts-They are easier and more
pleasant to take. and their effect Is so
genie and agreeable that one hardly
realizes that it IS produced by me.di-
elne Then they not only move the
DO wells bus improve the appetite and
aid the digestcn For sale at IS cents
per bottle. All druggists. y y w
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
CHICAGO Horse Market.

Demand for common and blemished
offerings continues Indifferent from
all quarters, with a tendency toward
further unevenly lower prices. The
decline of last week continues with
tendency to further weakness and low
err values. Farm mares and common
chunks are Indifferent sellers at $3.50
IFS. decline OF nearly $25 from the
high range of the urgent spring de
mand. Big draft offerings are in fair
request at $170@220, and upward. ac-
cording to weight and quality. While
less urgent, there is a fair inquiry for
big feeders in Ohio and Pennsylvania
orders at $150m190 Choice harness
horses are in steady request on both
domestic and export account ut $l4o
G35O, and upward. with bulk sales
at $150M250. Southern chunks are
nominally steady at $50M115, the lat
ter price being paid for medium light
drivers for harness use. The general
trade has not developed any improve
ment, the bulk of the offerings chang
ing hands at the following prices:
Fair. Best.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
MILLIONS N POLITICS
New York Millionaires Running
For Office Are Worth
s65,5o0, 900
A REMARKABLE SITUATION
REMARKABLE SITUATION
Mayor Andrew, of Yonkers and Harvey
Bell, Candidates for congress-Will-
lam Ward National Committeeman
is Worth $s,5oo,ooo While the Con-
aressionaI Candidates are Worth
s4o,ooo,ooo and s15,ooo,ooo.

New York, Oct. 13.-Westchester
county presents a group of million
aires i'm a fight for political honors
which probably can not be matched in
any other county in the country. The
total wealth of the five candidates and
one of the party leaders in this section
is $65,500,00O.
John e. Andrus, mayor of Yonkers,
who Isl the republican candidate for
congress. is worth $4O,00O,0 900, while his
democratic opponent, J. Harvey Bell
of Yonkers, a former mayor or that
city. estimates his wealth at $15,OO0,-
600.
Francis M Carpenter, banker and
real estate man, who is running IN the
the republican ticket for sens tor in
the Twenty-se district. is rated at
$500, 900. He lives at Mount Kisco
and was formerly county tire lsurer.
The democrats have nominated s-gainst
him Richard Tighe Wainwright. club
man of Rys, who shared the Tighe
millions" to the extent of $1,OO).OOO.
7. Mayhew Wainwright, TIL, fifth
member of the rich contingent and
brother of Richard Tighe Wainwright,
has been put forward by the republi-
cans as the nominee for assembly IN
tho Second district. The second Mr..
Wainwright counts up his money hold
ings at 100000.
National Committeeman Will lam M.
Ward of Port Chester, who is the re-
nublican leader in Westchester, Is con-
sidered one Of the richest nell In the
country. He is quoted as being worth
sS,5OO,000.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

learning to forget even the most hor-
rible of them In Il day or two are do
ing a bit of specializing now as to the
horror We must experience before 1T
will hardly pay for anyone to allow
that such things must be looked for
"occaSionally."
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
st. Louis Livestock.

st. Louis, Oct. Is.
Cattle-Estimated receipts for today.
5000; steady; steers, 3.50@6.l5;
stockers and feeders, 2.50@3.s5; cows
and heifers, 2.40@4.25.
Hogs-Estimated RECEIPTS for today,
5000; lower; pigs and lights, 4.25@5.-
40; packers, 5.4O@5.70; butchers, best
heavy, 5.50@5.75.
Sheep-Estimated receipts for today.
1000; strong: 3.4O@4.10; lambs, 1850
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Kansas City Livestock.

Kansas City, Oct. IL.
CattIe--Estimated receipts for today.
5000; strong; native steers. 400 a
$40: southern steers, 2.5O@3.75; west
ern steers. 3.O004.50; cows and heifers
1.50@4.50; stockers and feeders, 2.25@
AIS.
Hogs-Estimated receipts for today,
5000; 10 lower: pigs and lights. 5000
5.25; heavy, 5.4O@5.5o; rackers,, $500
5.45.
Sheep-Estimated receipts for today,
5000; strong; 325@3.sO; lambs, 400 q
5.15. "a rs rs rs
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
WHEAT AND CORN DOW
Bullish News Has Depressin
Effect In Both Grain
Pits Today
ALL THE CEREALS BIG CROP

Said Never to Have Been E.qualed But
Once Before, and Now 8 Per Cent
Larger Than Average Of Last Five
Years-Weakness In Wheat Hurts
Corn-Oats Also Down and Provis-
ions Dull.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Hogs Decline Ten Cents But
Cattle Hold to Yesterdays
Prices
THE HOG RECEIPTS INCREASING
Good Average Thursdays Supply of
Cattle and An Active Demand For
the Better Glass While Others Are In
Slow Request-AlI Classes of Buy
Gers Take Sheep.
Gers Take Sheep.

Chicago oct. 13.-There was an av-
erare good Thursdays supply with the
usual active demand for fat cattle of
the better class, prices ruling firm at
yesterdays advance. Other kinds were
in slow request at recent declines.
There is a liberal proportion of
common and grass fed steers coming
and while the trade in top grades was
active from the start, statesmen hav-
ing the lower grades find slow outlet
for this class and complain OF duliness
in the demand.
Buyers are hunting good steers and
price seems little object to them If the
right class can be obtained, a top OF
s6.S5 being paid yesterday for one load
of very prime 15S0-pound Angus steers
which price, barring the international
show cattle sales. stood the highest
since January. 1903, and another lot of
three loads of prime 177S-pound steers
landed at 1878 with numerous sales at
S6.4OM6.65. All interests were after the
ton grades, but the medium KINDS
were In no very urgent request, and
these sold slowly, buyers claiming late
arrivals of the lower grade classes
have been too heavy for the demand,
while the scarcity of prime steers has
caused a very active inquiry for all
such from all quarters.
With the inferior grass steers selling
below SO and the best corn steers worth
close to 81, it is puzzling for country
shippers to know where they are going
to Gland" in marketing the in-between
grades, of steers. Fairly decent killing
steers sell around $3.50 and desirable
killers at $3.50.
Hogs.
There was a good aggregate supply
and r.rices suffered "a further decline of
100D15 cents. Increasing receipts and
a restored eastern shipping demand
were a source of weakness.
The general quality of the hogs yes
terday was good but it was not much
different from what 1T has been ex-
cept that there was a larger proper
ton Of underweight mixed lots from
the districts where they are short on
corn.
Little pigs were much more numer-
Gus and buyers were unable to get
good ones at $4.75@5.15, with lot of
little pigs that were nearly unstable
all the way from 81 to $4.25, occrding
to quality and condition.
Sheep.
demand was active, all classes of
buyers operating freely. Prices were
we'll maintained.
Idaho ranchers say the bulk of the
crop from the ranges has been moved
Wyoming men say more lambs will be
held back to market as yearlings next
year than ever before. Montana is mar
keting on big scale now and the good
judges of the market here say feeders
should secure their stock of lambs be-
fore it is too late.
Choice western lambs were scarce,
and everybody wanted them.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

New York Produce.
New York Oct.l3.
Wheat-December 1.14h.
Corn-December. 58h.
Poultry-Chickens 1919 Ola; turkeys
1876; fowls 1919 ola.
Butter-Firmer unchanged.
Eggs-Firm; fancy graded 23@23k;
best 22@22k.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
New York Stocks.

New York Stocks.
The following range of prices are
furnished by A. j. Clark, broker, over
the private wire of the Donovan Com
mission Co., office over West Main.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13


but dull 1t is believed that recent
weakly held lines have been liquidat-
cd. There was extreme strength In
October. Ribs were bought openly by
Armour and by a few brokers. Private
estimates of provision stocks here
show a decrease of $4,000 tierces Of lard
md nearly 100000 pounds of ribs this
month. This helped the market some.
Peoria Grain.
Peoria, Oct. 10.
Corn-No. 8, "a.
Liverpool Grain.
Liverpool, Oct. IS.
Wheat-December Is SID; March,
Is 71ad.
Corn-Spot, As SID; December, As
SID.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
RAILWAY TIME TABLES
Iowa Central Railway

Time Table ut Marshalitown, Iowa,
Corrected to August 20, 1904.
THE "SHoRT LINE"
10 81. Paul, Minneapolis, st. Louis,
Kansas City, Peoria and Ill
Points Beyond.
Trains Arrive and Leave 40 Follows:
Arrive North Bound Leave
s:bs u. nj. st. Paul Mail daily $3.50 a m
l2:bSa. M st. Paul Elk. daily 1859 a. m
l:b6 p. "a. Mason City MI lex SUM- $3.50 p. m
Local Freight lex. Sum- 6:45 q. m
South Bound
b:b6 .. 10. st. Louis X, @. Maildaily) sos pm
H:bb am. st. Louis Peoria Elk. daily 300 a. m
6:l6 q. 10. Peoria Mail lex. Sunday. 9:15 a. m
Local Freight lex Sunday $500 a. m
Story City Branch
500 n NJ Mail lex. Sunday 1O:45 a. m
10:lb q ID. Mixed lex. Sunday 6:OOp m
Elegant Now vestibuIed Pullman
eleepi,ia Cars and Coaches Run Daily.
For Folders, Rates. Etc. apply to
a. B. QUITS, ]. r. TALLETT,
G.. j.. q 7. A. Ticket Agent,
Minneapolis, MINI. Narshalltown. Ia.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Liverpool Grain.
st. Louis Grain.

st. Louis Grain.
st. Louis, Oct 10.
wheat--December. 1.14A.
Corn-December 445s @44A.
Oats-December, 33.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Chicago Livestock.


Cattle-Estimated receipts tor today,
11,0OO; market strong; good to prime
steers, 5.90D6.s5; poor to medium, g.
75@5.60; stockers and feeders, 2.25 a
4.2O; cows, 1.50@4.1O; heifers, 200 a
$50; Gamers, 1.50@2.4O; bulls, 2.10@
AIS; calves 3O0@7.5O; Texas fed steers
53.5O@5.50; western steers, 3.O0@5.1O.
Hogs-Estimated receipts for today,
21,000 market. lower; mixed and
butchers, 5.3O@5.75; good to choice,
heavy, 5.45@5.sO;, rough heavy. 5000
$50; light. 5.20@5.60; bulk sales, 5.40@
$50.
Sheep-Estimated receipts for today.
$4,000; sheep strong; lambs, steady;
good to choice wethers, 3.S0@4.35;
fair to choice mixed, 3.0O@3.75; vest
ern sheep, 3.00@4.10; native lambs, A.
100000; western lambs, 3.50@5.50.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

Representative Hog Sales.
A few Of the representative hog sales
mr., as, fnlIoxyC.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Chicago Grain.

Chicago, Oct 10.
Wheat-No. red, 116@1.17: No. 3
red, 1.10@1.14; No , hard. 1.11@1.14;
No. 8 hard. 1.00@1.11; December open
ed, 1.10M @1.10A; highest, 1.11M /;
lowest 1895; closing, 1.10%; May, l.
1OA @1.10ss.
Corn - No. 2, 5sA @54; No. white
b4A @55; No. 3, 53@ 531s; No. 8 white
54h; No. 2 yellow. 56A @56A; No. :
yellow, 551s@5614; December opened
49M ESQ: highest, 50 lowest, 491s
closing. 1895; May, 45A @45%.
oats-No. 2, 29s4 @3O; No. 8, 2911A
No. 2 white, 31@32;; No. white, 500
81; December opened, 1914; highest
29ss; lowest 2sA; closin, 2s7s; May
81.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Kansas City Grain.

Kansas City, Oct. IL.
Wheat-December 1925; May, 1.O2
Is @1.02A.
Corn - December, AZ; May 41h@
41%.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
G, 4 N. w. RAILWAY.
GOING WRIST

No. /, Overland Limited. .....8:10 m
No. 3, Pacific Express. ......S:O8 m
NO. s, Omaha Express. $1,000. 5:2s p m
No. La Chicago & Des Ms Ex.4:0O p m
NO. Ii. Colorado Special. $500. lisp m
No. lis, Fast Mail. q m
No. %, Freight. .......... .11:eo n
GOING EAST.
No. 2, Overland Limited. .... .1:40 q m
No. 6, Chicago Limited. .....11:35 m
No. s, Atlantic Express. .....7:3o p m
No. 10, Chicago Special. .12:4s p m
No. IA. Chicago Express. -. .9:25 q m
No. AZ, Freight ............ 1850 p N
Nos. Is. IL. 42 and 43. daily except
Sunday.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
The Money Market.

The Money Market.
New York, Oct. 13.
Money steady. 1M@2; prime mer-
camille, Az @5; sterling, steady 1880
G4s5.55; demand, 4s3.3o@4s3.S5, sixty
days.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Chicago Produce.

(Cnaca9c PRODUCE.
Chicago, Oct. 13.
Pork-October, 1895: January, 1910.
Lard-October. 7.27h@73o; Janu-
airy, 7.25.
Ribs October, 1929; Janury,
$50.
Rye--october, TN.
Timothy-2.65.
Clover--12.25,
Barley-Cash, 36@52.
FLAX 91s D1.161a.
Eutter-Firm; creameries 1000;
dairies 1907.
Eggs-Firm: 1914 @1SA.
Poultry-Firm; turkeys IL; chickens
101s; springs II ~.
Range Of Prices.
The following quotations were fur
nished by e. II. Prince; office No. 10
Woodbury. building:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

New York Exchange.
Chicago. Oct. IS.
New York exchange Is discount.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
New York Produce,

oats-No. 2, white, 3o1a.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

q Cures Colds, Coughs, Sore Throat, Croup. 1nfp.
enza, Whooplnl, Cough, Bronchitis and Asthma.
and certain cure cure for Consumption in first stages
, sn1e rehef IN advanced stages. Use at once.
nrst dose Sold by dealers eyerywhere. T.rps
les Is cents and 50 cents. ....-..~
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13
Representative Cattle Sales.

A few of the cattle sales We're made
as follows:
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1904-10-13

Leave Depot for Cars Leave
Soldiers cer,aterv Soldiers roo.
Home Home y
The Leon reporter. (Leon, Iowa) 1887-1930, 1904-03-24

federal suit was brought on application
for an injunction to prevent the North
ern Securities company from voting the
stock of the railroads involved. The
decision was against the Securities
company and the case was appealed to
the United States supreme court.
The attorney generals position was
that the combination was in violation of
the antitrust law. The railroads placed
in the control of the company, while
nominally independent, were really con-
trolled by central power, which stifed
opposition. The attorney general called
this an unlawful monopoly. The state
argued that no matter what the name of
the holding company, the roads were
practically united. The mere preserv-
ing OF the names of the roads and the
separate stats Of officials could not OBJ
scure the fact, according to the state
that the roads were working in common
to control rates and business in man
ner to preclude competition. This posi-
ton was upheld in the decision of the
circuit court of appeals.
The Northern Securities company was
capitalized at 400 million dollars. The
merger advocates based their arguments
OF legality upon the alleged ground that
the combination did not restrain trade,
but aided commerce by cutting down
the expenses Of competition. They
alleged that the public received the
benefit, but the supreme court did not
see it in that light.