Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1911-12-06


Methods of punishment by fine or i'm.
prisonment Of the individual offend
ers, by fine of the corporation or hy
forfeiture OF its goods in trunspor-
tation. are provided, bat the proceed
Ing In equity is @ specific remedy
to stop the operation of the trust BY
injunction ard prevent the future use
OF the plant and capital in violation
OF the statute.
Effectiveness al Decree.
venture 10 say that not IN the
history OF American law mas a decree
more effective for such a purpose
been entered bv court than that
against the Tobacco Trust Ac Cir
cult Judge Moves said in hi iudg-
ment approving the decree:
The extent g. which 10 has been
necessary to tear apart this Coabin-
alton and force 70 into new forms
with t7Tc- -Tr-ruuTut rJ1rUuus UdgiII O.
demonstrate that the Federal anti
trust statute is drastic statute
which accomplisheS effective RESULTS
which so lone as q stands on the sta
tuie hooks must be- oboyed. and whicl
can not boz disobcved WithoGt mcurr-
ing far-rcpc, lng PENALTIES AAi, o.
the other hand, the successful recon
struction of Jnis organization should
teach thar the effect OF entorc.ug this
statute Is not TO destroy. hu' 10 re-
construct not 10 domolish. hvt 90
rc-creatc iu accordance with the CON
ditiorS which the Congress has de-.
clared shall exist among the peopl"
Of the United States"
tnmmnn.Stock OwnCI ship
u has been assumed thar the pI,-
4 sent pro rata and common ownership
To- 40 these companies hy fcrmf
stockholders OF the trust would ~
sure % continuance OF the sane oil
stl.l, control of all tn companies
into which the trust has hv decree
been disiu'ocrated This is crroa.
eous md is based upon the assumed
iucfiracv and inrocuousncss OF judi
riul .riapctiops Tho companies 900
onioiurd from cooperation a. com.
hination they have different mana
gers directors. PURCHASING and sale.
agents II all or many OF the mum.
erous stockholders reaching 'nto ~.
thousands, attempt 10 secure concert.
cd action of the companies with Z
view 10 the control OF the market
their numrcr Is 50 large that such
an attempt could not well be con
cealed. and It's prime movers and all
its participants would be- Al ono
subject 10 contempt proceedings and
Imprisonment Of a summary charac'
ter The immediate result OF a.,
present situation will necessarily D,
activity bl an the companies under
different managers. and then romr"
titior must follow. or there viii De-
activity D, one company and Hagno
ton hv another Only q short tim,
win inevitably lrad 90 change 90 own.
crshln ~ the stock. a. ali opnortunit,
for continued cooperation must d..
appear Those critics who sl.lh OF
/ this disintograuon IN 'hc trr.. as d
nero change of garments of The dt.
crcss and understand little the Her
scnal danger ~ atteWnt.ur to etad,
Ior set at udHght mo solemn luiunD.
ton Of court whose object is mad,
plain D, the dccrcss aud who's, uubi
billions are set forth with a detail
and comprehcnsivencss uueNamplct
IN tho history OF equity iurispru
dencc
Voluntary Reorganization at Uihci
Trusts gt Hand.
The effect OF these two decision
has led % decrces lissolvinc tho com
hnation of manufacturers Of elcctri,
lamps. a southern Wholesale crocers
association. an irjerlocutory deere,
AGAINST the Powder Trust with 40
rection- %, the circuit cour' yompri'
iue dissolution. and otfor gomhIno
t1ns n' . ..wi'sr .'s'orr ~. rHF r'