The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1909-12-26

Company. This decision mot only re-
turns the control of the Standards
numerous subsidiary companies TO
their separate stockholders. but en-
| joins the standard OIL Company or It's
agents from voting any stock II holds
In the subsidiary companies" BY a
Unanimous bench--four judges sitting
4 this dissolution was ordered on the
ground that the Standard restraints
trade and stif1es competition in VIOLA
tion Of the Sherman Act. OF course.
the Standard OIL company has taken
an appeal to the United States Sup
RENE Court, which earlier In the year
virtually afirmed the decision. Of
Judge Grosscup and associates In the
federal court in Chicago multiplying the
famous Standard Oil fine Of $2e,240. 900.
Later. Judge Anderson. sitting at
| indianapolis, instructed the Jury. In
the case OF the governments rehear-
| ing. 10 bring in, verdict OF not guilty
\ In Missouri, however. the Standard Oil
Company did not have such good for
tune, the state supreme court sus-
staining the lower court in busting
the company from the state. In Texas
the prolonged prosecution of the
ater-Pierce OIL Company. as an al
| legged afi1lfation of the Standard Oil,
was brought to an end by the payment
OF fine of s1.s0s.750 by the company
and a promise by II not to do business
within the state. While not figuring
conspicuously In the affairs OF Stan
dard Oil. Mr.. Rockefeller signaiized
the year by additional gifts to the
University Of Chicago. donation OF
$40, 600. 900 70 the General Education
Board. and Of. $i,o0o,ooo for the study
and prevention Of hookworm In the
South, which, IL was officially announce
ed. held 100000 Americans In thral-
dom.
AS the year closes. the Standard OIL
dissolution decision is seen to be far
reaching provided II is upheld by the
Supreme Court. and under the Sherman
act, sustained, the Government will be
in position to prosecute and break
down any combination of any sort
whatsoever aimed to restrain trade or
destroy competition.
Another notable decision by the
United States Supreme Court sustain
ed the general validity of the Hep
burn Act regulating Interstate COM
merce. but the commodity clause Of
other decision the same court COM
the same was overruled. BY still an
PEELED the Consolidated Gas Company
kof New York to sell gas at eighty
cents a thousand cubic feet, according
to state statute. thus requiring the
company to repay to Its patrons sew
cTAl lnilllo0 QOtaEo III tcbatCS lOt
gas charged In excess Of the state
fixed price.
A notable financial deal of the year
was the purchase of control of the
Equitable Life Assurance Society by
J. p. Morgan, he securing the majority
stock control from Thomas r. Ryan
who obtained the same at the time of
the famous life Insurance investigation
of >1906. The Equitabie's assets are
"A xvff he
troll goes control of several large trust
companies, with millions of assets. An
other important financial deal of the
year was the selling of the Frisco sys-
tenn of railroads by the Rock Island
Railroad to B. F. Yoakum and Edwin
Hawley. over 5000 miles of railroad
changed hands.
Another financial matter OF great
possibilities was brought to the atten-
ton of the country when President
Taft. in his annual message to Con-
gress. stated that a Pan-American
bank would speedily be established in
this country. This will be done early
In the coming year The parent bank
will be in New York. there will be
branch banks. where needed, through
out the nations to the south OF us.
and the object OF this great bank will
be to furnish capital for American en-
terprise in these countries.
Deaths Shining Marks.
In October the supreme court lost
one of its members, Associate Justice
Rufus w. Peckham. who died after
fourteen years of service and at Sthe
age of seventy. Two other most no.
table deaths were those OF H III.
Rogers. on May 10, and p. II. Harri-
his return from Europe whittier he had
gone In search of health. Mr.. Rogers
death caused no palpable change eth
er in the administration or the plans
OF Standard OIL; while Mr.. Hartman
had discounted the effects OF his death
by planning out ahead just who woul
direct his great railroad system and
how this should be done. Judge Robert
S. Lovett becoming head OF the Union
and Southern Pacific roads Mr.. Rog-
er's fortune was estimated at 10000
600: Mr.. Harriman's at $S0.000.0 900. his
widow being left in sole control OF all
OF Il in one OF the briefest Wills that
ever disposed of millions.
A death which resulted in great d.
rect .benefactions for the public was
that of John Stewart Kennedy of New
York. known as cash on hand Ken
nedy. Mr.. Kennedy had been, next to
Russell Sage. the man to whom Wall
street knew 1t could most successfully
apply for actual money in times of
stress. In HIS will Mr.. Kennedy be-
queathed half of his fortune. or about
$50. 900. 900. to various religious and
charitable purposes. this being the
largest testamentary gift OF the sort in
the history of the world.
Outside of the financial world the
noted deaths of the year included
George Meredith and Algernon Charles
Swinburne, two of England's greatest
literateurs Richard watson Glider
poet and editor of the Century Maya
zine: w. NJ. Laffan. editor of The New
York Sun and art connolsseur; P. f.
Collier, the publisher; +. Marion craw-
ford. Charles Warren Stodjard. Sarah
Orne Jewett, Rosa Nouchette Carey
and Olive Logan. all distinguished In
the world of letters; Cesare Lombroso.
the Italian cfiminologist: Edward
Everett Hale at 81; the Rev. DIR. w.
r. Huntington, rector of Grace Church,
New York city; the Rev DR.. Theodore
L. Cuyler, at 81. and for many years
leader in the Presbyterian church:
the Most Rev. Arthur Sweatman. arch
Bishop of Toronto and primate OF all
Canada; Miss Martha Finley, at 81,
author of the Elsie" books: DIR. Atom
so a Moreira Penna. president of Bra
zil Mrs. j. Addison Hayes. daughter
of Jefferson Davis; Countess de Les
seps. widow of the builder of the Suez
Canal: Grand Duke Vladimir. eldest
uncle of the Car of Russia: Gen
John S. Kountz, past commander-in-
chief of the c. A. r.. and known as
"the drummer boy of Missionary
RIDGE" f. ]. ('Lucky") Baldwin; ]