Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-03-15

recommend it for all lung troubles.
(SignedD Jas. NJ. White, SO Capitol ST,
Sales Agent for Sampson & Harris.
applies only to contracts and combina-
tons in constraint of trade and makes
no reference to competition.
Logically construed, Justice Holmes
said. today's decision should be fol-
lowed by the criminal prosecution of
the parties at interest in this case.
Speaking of the general understand
ing That the Sherman law applied only
to large corporations, the justice said
that this impression was breathed from
every part Of the statute but that its
language did not bear cut the cOnclu-
sion. He thought this inference due to
the size of railroad corporations. He
took the position that there had been
no attempt to monopOiZe in this CON-
bination of the railroads and said that
II there could be no objection to the
purchase of the stock of the Northern
Pacific and the Great Northern roads
by the Securities Co. than if both had
been bought by Mr.. Morgan himself
Washington. March 14.-President
Roosevelt received the news of the su-
preme courts decision in the Northern
Securities Co. from The Associated
Press. lie was engaged at the time in
a conference with some friends, but
put aside all else to express his salts
faction that the court had sustained!
The contentious of the government.
Later he will express his personal con-
SratulatiOns to Attorney General Knox.
New York, March III. J. Hill,
president of the Northern Securities
CO., received news of the decision at
the company's offices in this city. Mr..
Hill declined to discuss the matter ex-
cept to say:
Ihere IS nothing to be said at this
time. The properties of the Northern
securities Co. are still there. They are
as good as ever.''
Mr.. H;ll intimated that he might have
something to say as soon as he got some
definite idea of the scope of the decision
MT. Hill was in conference for some time
after the news came out with Holm G
kennedy, who is one of the directors and
largest stockholders in the Northern Sc
cunlleS Co. At the offices of j. p. Nor
gan q 60; no expression of opinion re-
nninilns me decision could he had. A
member of the firm stated, however. that
ne was not surprised. Col W. P. Clough
fourth vice president. director and general
counsel OF the Northern Securities Co.
who is said to have taken an active nart
IN the drawing up of its charter. was in
washington, today.
Boston. March 1.-THE announcement
Of the Northern Securities Co. as favor
able to the government on the Stack Ev
change. today, was followed at once bv y
drop m Northern Securities from 81 to
f@. Inc remainder of the market was
iteady for the most part. because the
ceiling has prevailed that the cpinion
you'd be against the merger When
Northern Securities reached Si1E. an up
Faro movement in the stock set in almost
1t 81. s'''''-
New York. March 1.-THE stock mar
> Sc; was not generally affected by the de-
lsion in the Northern Securities merger
aSe. The general list which made some
Improvement before noon. sold off for the
most part when news of the decision
anne out. ON the curb Northern Securi-
les was the center of interest. 1t de-
lined y: point from Sra to &1i on news
If the decision. rallied to S114 and later
was quoted at 81.
st. Paul, Mimi. March 14-Goy. Van
SAINT when told of the decision of the
merger case was highly eiated He said:
Il was very much gratified with the re-
suit OF the decision of the supreme court
the merger suit. for in my opinion the
ieclsion means more to the people of our
CUNT than any event since the great
'iVil war. 1t will for all time prevent the
formation of Illegal trusts and unlawful
combinations.
Washington. March 1.-THE decree of
The circuit court which is affirmed, today,
Contained the following:
En1oIninS the securities company, its
'ihcefS. etc. from acquiring or attempt
nS to acquire any more of such stock
Prom voting any such stock at any
meeting of stockholders of either rail
way company.
from exercising or attempting to exer-
Use any control. direction. supervision or
influence on the acts of either railway
nomnany by virtue OF its holding of stock
therein.
From allowing the securities company
or ITS attorneys or agents to vote the
stock held by it,
stock to the securities company
From permitting the securities COM
pany. or its officers, etc, to exercise anv
control over the corporate acts Of such
railway companies
The decree further provides that il
shall not be construed as preventing Il
ro-eAchanse between the securities COM
panN and those to whom it has issued its
'Ni Ill fAtHdISc, IOT tnOSe or
either railway company.
st. Paul, Mimi. March 1.-THE gov
crnment's victory in the Northern Sectri-
ties cas-" does not end the litigation. There
Stlll remains en- the docket an appeal Of
the state of Minnesota from the decision
of Judge LOchren. Attorney General
Douglas is on the way home from Wash
ington and could not be interviewed. to-
day: but attorneys familiar with the liti-
CATION say that the case will have to be
decided without reference to the federal
decision.
canada is incensed at statements
made about it in certain textbooks
used in English schools. Here is a
snail collection: When winter sets in
the people make up their minds to be
showed up till spring The Atlantic
coast is the most useful at present. but
most of it is frozen up in winter"
Manitoba is treeless' is another as
founding item of information. The
English hoy is further informed that
in blazing forest there is the risk
that a fallen tr1-OL, or a branch may