New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-04-20
HARTMAN LOSESN. P. SUIT
STOCKHOLDERS TRUSTED.
Then Can Settle Their O5cn Dis
puteS. Court SGyS.


st. Paul April I'm tNe Cillea 0's's' - 81
devanter and Hook unanimously denied the ap-
-, -, w pierce
plication OF r. i Hartman ana W. . tieIce
and the oregon Short Line Railroad Company
Tor leaNe 10 intervene III INC az va ny
states against the NplCleIh SeSuIl'ieS NOl4i
iaiy- Inc uelllil was Oh Iil1 1'--O"i''6 -
F1rst-The plan Of the directors OF the northern i
sec4Iities ConlaPE inc al HoTtbSrn Pacific
stock OF the Great NoltitI .-l- ->oi -. 7re
in tho Northern Securities case. &c. enc
secomd-No one but the United states o can sue
cess5 os az lce-- 10 t 800 :. a. y-toISt i0Tl
% ma IA si.4 ON ' r1t acr and the Tinted
~ me s.eh Se 1S no I' present de-
$50 0Ni $50
T5i-s .-, stool, NJ the ~, railway companies
&C. IN T., r., .ie r'ls, ~ ,f,s S-IT7
Is gJ n s A., gsJ}y - ne ot necessary to en-
abe me lyI'lSeT ,,e 10 have ITS.eo' Any
Judge mayer oe4'Nereo ''e 'Op''I.o' -
court IN discussing the reasons LOT 'ne aec'ee'
after reciting the grounds put ior'h by HaIr'-
man ana i4eroe Ior IeaFe 10 -'''e' 'e'ie' SA' =
The principal ground. as it seems. on which the
cation to intervene is nat il Is necessary 70 the
due Enforcement oe the decree that they should Toe
e5r,iffed INFO 1ba cause as uarties and be allowed
u raise ass f1 a Ssq a ana fSrt 9 or Ir are
sary insure the due execution az the decree &C
hthitorv II enioined the doing of certain threat
ilea SSs t 3.7s 20 iS f,,-r action Looking -
a. 49, - - = .5ea.--r.s I-ssvrfs1
When the decree was entered 81 was assumed by
zaIueleSs in. he hands of the securities company.
The stockholders Of that company would be able
and likewise disposed 10 make some disposition ot
Ire stock which under an the circumstances Of
49, case would he fair and Sust and would restore
81 10 tho markets of The world whore would have
some "a he instead OF being worthless commodity.
II 49, +I-li-t tSaf tha 5?.fv II thus Glsposirg OF
# could be safely left 70 tie stockholders of the
arose in the discharge Of this function. in view Of
Tie situation Jaat Had 2es I5 l5 ~ IyrocrI[ form
the subject matter Of an independent suit between
ne Partes , "a s7,yart tst one rurpoee Of tho
lilfth ei-ll.n Il - 49, 7e7a mandatory
Nl-. W.. = - =, ,r5ir,- Tho PROVISIONS Of a
T,a.-r,,, mail
90 -, az 10 y-bic5 ne az 1r,ssIy ard on fuu
- o,,.aroF r-Ifs ne must decline to 10.
Was e''S-- ~
III 'l7'0-i-7 10 s,--,..
and Pierce. that the proposed plan OF dlsposlls
- .,-a -+-,1y gr ft,a ~-orrbe--l Pacific and Great
va ~ 80, .,. L.
Northern railway companies would result IN
,-..,~ 49,, C,ro1 Of +1,o 7--o roads in the hands
iedN'i'e 'i7 'o' 70 - ~.
eo.o,,rf+fes cor,,r,ar,- the court SAYS:
'-'''''''7 i-''
The issues suggested arc disputed and debatable
-,,ostf--- ~ fgS+ which the uarties would be
-iIa5 70 ,f-isate with witnesses and evidence after
- "a sr+or--e-e had been GRANTED. and de-
-,Ii-a 10 ,--sf5er tnnru The United States stands
- nc decree as affirmed and submits that the
o,rr- Is orl- Concerned 10 see that g. is faithfully
Fsrre1 lIv the defendants according TO its terms.
United states Il IS TO be presumed that the gov
Ire-,+ h. 5fsr0raF 10 permit the stockholders OF
~ securities COMPANY to formulate some plan for
7 he e1uItable disposition OF the stock OF tho TWO
Tflva,- cCrrrauies 81 they can do 80. which VIII
rot lie in violation Of law, feeling confident OF its
.-"...r ~ in nrf