Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-01-10
start the Procession.

| II Mr.. Hartman can take the money
of one railroad to buy another rail-
road, If he can take the money of this
second railroad to buy third, the
money Of the third to buy q fourth,
and so on indefinitely, there Il, no rea-
son why he-or some other e. II. Har-
riman-should not ultimately control
all the railroads Of the country with
out investing dollar of his own mon
ey except in the original venture.
All that is needed is board of dunn.
my directors, q bylaw giving him UNI
| limited power to borrow money! and
banking and insurance company alli-
ances in New York by which the saw
ings of the people can be used to eX-
plot the people. Mr.. Hartman already
has these essentials.
When the United States supreme
court sustained the court of appeals in
| the Northern Securities case. the pre-
diction was made that this thing CALI
ed merger" would continue in spite
| of acts of congress or court decisions.
| 1t was one Of the commonrlaces OF
Wall street that they will find some
other way of doing the same thing"
The testimony taken before the inter-
state commerce commission ir the in
vestigation ordered by President
Roosevelt shows that Mr.. Hartman
has found way. Instead OF organ
izing separate holding company he
turns his railroads into holding COM
panies and achieves monopoly by this
simple device.
The Sherman antitrust law provides
that
Every contract. combination in the
form of trust or otherwise, or conspir-
acy in restraint of trade or commerce
among the several states or with for
eign nations is hereby declared to be
illegal. Every person who shall make
any such contract or engage in any
such combination shall be deemed
guilty of a misdemeanor, and on con-
viction thereof shall be punished by a
fine not exceeding $4,000 or by impris-
onment not exceeding one year, or by
both said punishments, in the discre-
ton Of the court"
Part of the testimony taken before
the commission shows a noinety-nine-
year traffic agreement between the
Southern Pacific and the San Pedro
road by which neither is to change its
rates without the consent of the other.
These roads are competing lines. The
Oregon Short Line owns the control
ling stock in the Southern Pacific, also
half the stock In the San Pedro, but
all the stock in the San Pedro is tied
up under a trust agreement under
which Mr.. Hartman is one trustee and
Senator Clark the other.
This case alone would seem to be
sufficient for criminal proceedings UNI
der the Sherman law, for the Sherman
law, as Justice Holmes insisted in his
dissenting opinion, 'is a criminal stat.
ute" II further evidence were needed
to show the intent Of the HUFFMAN
combinations, there is the agreement
between Hartman and William G.
Rockefeller to trick the court in the
Keene suits. In order to be able to
prove that 1t did not own the control
ling interest in Mr.. Harriman's South
ern Pacific, Mr.. Harriman's Oregon
Short Line sold Mr.. Rockefeller 300, 900
shares Of Southern Pacific stock, which
he carried for eight months, receiving
a Commission" OF $4,000 and 6 per
cent interest for his trouble George
W. Perkins and Charles s. Fairchild
have been indicted under the laws Of
New York for engaging in a similar
crooked transaction