The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1908-11-08
|Drument's Contention Up
sld by Decision of United
States Circuit Court.
|P0RATT0N'S POWER OF
APPALLING MAGNITUDE
|uslIy Controls the Tobacco
Trade of the Entire World
at Will.

EW YORK, Nov. THE conten-
f-the government that the Ameri-
Tobacco company is a trust operat-
IA restraint of trade and competi-
;u violation Of the Sherman anti
4 Jav, was sustained today in decis-
landed down by Judges Lacombc,
. and Moves in the United States
"a court here. Judge Ward handed
4 q dissenting opinion.
. he suit, which was prosecuted by
|.s C. McReynolds and Edwin P.
|genor. special assistants of the
La States attorney general, the gov
coBt asked for an injunction dis
IL the combination. The govern
\ S1eo asked United States cir
eourt 10 appoint receiver to wind
LID affairs OF the alleged corpora
Iile finding that there was an il
|,combination as charged, Judges
|mbe, Coke and Noyes in their opin-
~ that in.junctions should issue
81 all the defendants except the
fd Cigar Stores company and the
Richards, Jr.. company. The in
{|ons are, however, stayed pending
oDeal to The United States supreme
Is petition asking for the appoint
% a receiver WAS refused as being
kacticable and wholly unneces-
i Imperial Tobacco company aud
|flish- American Tobacco company,
|6b: corporations, were also included
|e government IS suit. but the COM
|'s against these companies were
Control Worlds Trade.
<be course OF these examinations 1t
ped that the American Tobacco
<iled the tobacco trade Of the world.
control, so far as foreign markets
-1ncerned, was shown To have been
|n1eratively recent origin. however,
r8me, about through the formation
Working agreement With a great
d corporation. which previously had
9led the production and consump-
pot only In Europe, but in Asia Is
American Tobacco company was
gl1nder tho laws % New Jersey
when the old American Tobacco
NY. the Consolidated Tobacco COM
md the Continental Tobacco COM
we're merged under single head.
30 agreement reached at that time
rent company acquired the plants,
les.s property and trademarks OF
..Qponant companies, and, In addi-
= now owns q majority OF the stock
tAmerlcan Cigar company and OF
nmon stock OF the American Snuff
pY, the Havana Tobacco company
+e American Stogie company.
Gigantic Operations.
% al agreement made In 1892 the
|<port business Of the American To-
eompany Is conducted by the Brit
Qerlcan Tobacco company. limited.
|ttter corporation has a capital stock
3Qoo.000. two-thirds OF which Is
'<hy the American Tobacco COM
The American Tobacco company
g capitalized at $50, 100000. It's
"a, the banker and capitalist. has
{ega-ded as the dominant force IN
al corporation.
January, 1906: regular quarterly
1qs at the rate OF per cent
paye been paid on the preferred
Che FIRST dividend on common
fas y per cent. paid on March
Since that time dividends In the
mount have been paid quarterly
Y hodition, q 10 per cent extra divi-
rhs paid IN December. 1906: per
ttfa in September, 1906: Il per cent
"a December, 1906: per cent extra
ne 1907; ~ Der cent extra in Seo-
Il EVf. and = per cent extra last
psT. Extra dividends eggregating
fent In the common stock have
kAlQ thus iar, In the me se.,f r.enr