Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-01-05
BY EDWARD S. MEADE.

Director School of Accounts and Fin
ance, University of Pennsylvania.
r lNCE the trust movement started
In 1898, there has been no single
~ development in It's progress ap-
preaching In Importance the suit
recently brought by the federal gov
eminent 10 dissolve the Standard Oil
company OF New Jersey on the ground
mat In It's constitution and objects this
corporation violates the Sherman anti
trust law of 1890. The petition of the
so'erhment sets forth that there have
Deeh three forms of control exercised
ny me standard during the last thirty
louT years. First, agreements between
HT'Hs and companies; second, the trust
agreement OF 1882, whereby the stocks
VI ulese |arious companies were placed
W me hands Of a board Of trustees,
o "'',Ni was ostensihly abandoned In 1892,
Snu lhird the New Jersey holding COM
psay, against which the attack is made
az when because II perpetuates the
,,snssllly OF the earlier combina tons,
VI, court is asked 10 dissolve.
4. a'lhoush the Standard Oil company
" - 'ne coi operation mentioned In the gov
No ,''neuts peutionlts stockholders have
avor sp a. ground for apprehension,
con,.t u the suit goes against them. The
stin sa VI inc various properties would
VIII , na IN the hands of few men
Of tba INV NV, own a majority of the stock
bs IN n,uluilg company. No law could
~ invoked which could compel them
n,o sLgHnpete' and a dissolution, while II
mean disaster ''''s''e'' "ou'u NOT
ors 10 Nv. nv. tne standard, but the imitat-
alarrno1 "e standard, who should feel
hear, ~ For the suit strikes at the
n AIM me principle of combination;
nS INTO 10 destroy the New Jersey hold
tIor 0Gjn'pahy, through which combina-
ind"s.n ue case of nearly every large
maIe ~ mas been accomplished. 10
bIIo,s mega a device through which
have ~ VI collars of stocks and bonds
AZ ~ ~" issued to the public.
ties AL AL. uine Of the Northern Securi-
fortlng 'oi,ls'lt VIII be remembered, COM
ASSURING were everywhere heard,
meanlne w. w. mat the verdict had no
alliance ~, ns any combination. that tho
aceo,,,.,1ls ,ylvahia railroad comnanv had
wav apsnshed was, for example IN M
did NO. Enacted, But these ass,,rancas
fected o ueSelye the companies most az
as a dlr @nd the soft coal combination.
curltles a result OF the Northern 81.
past. 7, Vlglsloh' IL now thing OF the
that A y,. IL no venturesome prediction
stanSarsr tofy OF tho government in the
and Oh suit win have a similar
upon tbe more Immediate influence
Nor IL t.uustrlal combinations.
which \, me way of escape throush
INTO s.o ne standard OIL owners can a.
o. The az ,opon 10 the stockhoIders
q h. SS,ner large Companies c,ontrn,
One ma standard Is closely oentraI,,a1
fory ne u reputed TO hold more to-,
lion yon,d EN- OF the stock. Dissolu-
control merely change the form or
'npos.ih,. II would not make can,r VI
ever bne' II is difficult tn COS heroi
ihs unltod we constituent oompaniss ",
rs tens ~, states Steel Corporation win
Gould he VI thousands OF stoclthoIda,s
which p Talns' The institution throush
Been dissolvea was accomplished, had
aouIds holder Of trust seo,,,,,
he proeress with absorbing interest
IL resul, "a OF this litigation ,ar ' ,
any ra depends tho nerna , TOT upon
sreat co., The security 81 Pe'a'ty or AZ
We STANDARD i mhns' which have imitated
''H'- 1's''u on company m tbsir a, n
NfnNe no-isfon r.,..