Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1904-03-19
TIE MERGER DECISIONS
ASPECTS

TIE socs&4 effects g he merger O.
rsssus are asely 10 atsracs xrea1F
roysisr -astszfsoa tran wfgl be CON
nar1sa hy liz strictly fsazncsaI i
ERA ssys ire St Louis Gio5@Dezno
crat. UaEe- - supreme courts ruf
Enx the government has gained > -
ate yset09 y III case against the
9oa a. tAe No-shern Pacific 81 ne
Great Sorrae7n raslwayE and the cor
md n thssr proSsrry hy tAs ScszheH
Securities cus1gGnY President Roosf
VIZ ssszze1 ttzt Iris consolidation
vas d vSosat6a M Ae sAsrnsal AMI
trrst acs q tsss. and brought suit
assasst :he ho!ting COMPANY whica
|has ssss terminated f~aYorabiy- for the
srerEe Something 49, year
has ssassess since the e4Sa xAs made
~ zz1 ne speculative Interests have
sssz e,aian1las ikzs the president
~ss Responsible for The drop which
Las taken place since then IN the quo
tasso1s q mos, OF ne shares sold Pr
tie exchanges. On this account .
movement Vas ihssatned against bin
ii the republican party to prevent MS
nomination. Wall street vas said 70
have subscsibea q large campaign fund
IfoY hgs deseat. All that prevents The
lc1nntry from laughing 4 these con.
spirators. nos that the courts decls-
Ion has come and that stocks have
gore up instead III ,umbllng farther
lis The fart that they and their plot,
Etines had already subsidized.
Az ~ag believed by the president and
hy The astorneg general. the statutes
Ialrcady enacted can be made effective
against any combination pnich threat
ems 10 retain trade. TIE case Or 81
side Ne the Northern Securities com
sa.y fas the II tie bezt Iegal talent
which the country possesses i Na'
aralsd eshsus,iyely and the couEi
took ample time II consider eyers
posnt which was involved No othsi
lease Nhlch has been before that trio
unal since the income tax d half
score u years $50 has attracted any
thing like mo attention which nj
suit commanded The influence
which we're arrayed against The Pre-
Aent for his courage In determinin;
70 eaforce the law against the strong
est az the corporations which had beei
organized. secured for the case a.
amount Of publicity which i could no
otherwise have attained The trus
interests had more than ore infiacE
tlai paper on their side In their ~.
asalnss the president for his enforce
ment OF the Law. Attempts we're mad
10 fight him IN the nominating conyen
ton, and falling ii this, he vas % b
attacked al the polls. These assaui.
lad The effect ~ bringing out effect
lively the presidents strength VIZ
The people. and the movement agains
him collapsed.
And now We see that shares 70 "
instead Of down as a result OF tn
courts action. To be sure, the q
cssson was looked for. and its effec
VAS pretty thoroughly discounted 4
the reduction Of quotations in the pas
half year u more. But the truth tha
the decision VII. not BE- harmful i
Legitimate trade has been hrough
oui with ! thoroughness and effect
iyeness which will contound the enc
niles 81 ihe administration and Of tn
antitrust Ias. We have seen q
ready, 10 the decisions in the trans
Missouri ard the Joint Traffic Al
sociation cases that the courts rul
ings In the matter Of pools or consoii
da,ions are not calculated to iniuT'
either general trade OF the Interests
directly concerned. 40 harm vil
come in this instance 10 the proper
Ties Immediately involved. j. u Hill
the head Of the northern Pacific
Great Northern consolidation. say
that until the official copy Or the opin
ions and the decree OF Tie court come,
10 hand AMI the railways attorney,
have had an opportunity 10 advise q
% the course 70 be pursued. the lss
1Ii be scrupulously obeYed ii Il,