The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-05-05

ease before the court ~ The case OF
the Delaware Lackgwann2 and Weut
ern chat railroad company VIII change
IN lte business methods neccssllateo
BY the aecision. Is Atr Deffeeta be,
lei. and Il VIII ln no way hamper
the company ia The handling of ~
coal products. Mr. Oeforesi made the
following statement,
Practically. fhed oclsian ol tAe 81
preme court Is against tho contention
Of The aftlrney general that all coal
mined hy the railroads. which have &
direct owncrahip IN the coal. and that
All mines BY Subsidiary coal cHtipan.
los III Bhlch the roads had stock
interest, WAS barred FROM Interstate
transportation BY the Hepburn law.
"Of the anthracite carriers only
two. tho Delaware, Lackawanna and
Western. aud the Delaware and Hud'
son. have any direct legal ownership
III lhe anthracite coal Both these com
panlea are authorized By their char
iers to mine anthracite coal and
transport 1t. All The other ao.called
anthracite CARRIERS. tha tla. the Read
ING. the Central Railroad Of New Jeg
say, The Pennsylvania, the Lebikh
Valley. the Erie and the New York.
Ontario and Western. own stock IN
mining c0mpanlen
'rte decision established the ie'
galdg ol coal transportation hy these
elx last named companies; that ~.
the transportation Of coal mined BY
companiea In which they have stock
lntenest. This leaves only the sltua
tlon ol The Delaware. Lackawanna
and Western and the Delaware and
Hudson to be practically considered
eThc court decides Mat tho prohl.
billion ~ the Hepburn act does mlt
apply when title 70 o commodity,
though manufactured, mined or pro.
duccd by q railroad company Or un-
der Ma authority has passed out ON
that railroad company IL Bcod faith
before the pci Of transportation be-
gina
"rbe Dolnwafa and Hudson coFns
pany. aR understand at The present
tlme, and Tor eoine time past has
heen accustomed 10 cell rs coal al
the mines. Therefore, the nroAahlilon
~ the act undor tho decision Of the
Supreme court, would not apply 70
il. IL Nould apply 40 tho Delaware,
l.ackawanna and Western under what
/ understand 10 be ~ present course
Of business. huf II would seem nossl
bic FOR that c0mfany to adopt the pra-
tlc0a nf the Delaware and Hudson On
poaalbIy fof that company 10 trans
fer IS enal lands 10 another company
the stock az which can bo held bY n.
William Il Jenny, vlne president
and general ecunsel of ahe Delaware,
I.ackaWannp and Western Rallfpad
said
The dnnlsloa OF The Supreme court
directly affects our company Tho
Lackaeanna 0Wne It's e1al properties
directly. and although ! have not sann
tho eamplolc decision Il IS probable
ihal The Delaware, IeeHaWauna and
Western will have - dlveei itself
o. The legal oHuer6lmp of tho pn por
Ties aud form sapanEa company to
take them over
Whether after t1in comaphs VS.
formed the stock win bo issued 10
lan Delaware. LaekawaHua and Weai
'fn shareholders. or whether the Dal
aware. i.achawnnna aud Weatefn vlll
own the alocH as corporation, ~ll
depend upon The terms Of the dgQlalon
n d. not think We would consider
The formation of holding company
70 lh&f eifeef feadlng 10 hold tse
Stock II railroad and ihe coal om.
panlea both
ut Aaeme - mu faefU must be-
some Joker II tho decision somo.
whore lhnt vii Dui i alfForent light
On this question o. direct gn0 lndl.
rect ownership