The Bridgeport evening farmer., 1911-10-17
VITAL DEFECT IS FOUND IN
 TRUSTS PLAN Independent Dealers Scoff al Tobacco Trusts Fake Dis
 solution Merest Sham is Devised by At. torneys to Obey Supreme
 Courts Orders
By Clyde H. Tavenner, Special Wash
 ington Correspondent of The 4g Farmer.)

Ry Clyde H. Tavenner, Special Wash
 ington Correspondent of The
 4F Farmer)
 Washington, Oct 1.-The Tobacco Trust has dissolved Within a few weeks this trust will submit it's plan of disintegration to the circuit court of the southern district of New York for approval, and as soon as the court accepts the plan the trust Will be no more. Touched by the magic of the Supreme Courts famous "rea'- sonable" decision this huge corpora tion will wither up and vanish from the face of the earth. The trust It. self admits that this is what will happen.
 What is the plan of dissolution?
 Under the plan for breaking up the trust and doing away with it there will cease to be an American Tobac- co Company" On the contrary there will be four separate and distinct companies. Each one of these four companies will take over an allotted part of the present company, and will substitute its own securities for those of the American. =.
 ..None of the four companies will lhave any interest in OF relation to the others, although they will of neces- sity have many stockholders in. com II, parent trust.
 Commenting on this plan a repre- sentative of the independent tobacco interests declared the whole scheme to be a ridiculous sham, under which the appearance of disintegrat1on could be accomplished, while at the same time control of the business could be retained in a few hands.
 sIt is plain to be seen," this manu- facturer said, s'that instead of control ling the one company, the tobacco magnates who now own the American simply will divide their holdings into four parts. The control will remain in the same hands, and it is foolish to suppose that one of the smaller companies will actually exist in a state of competition with the other three when all are owned by the same men,
 This, then, is the way the applica- ton of the Sherman law is to work out as it affects the trusts, and it is this application of the Flaw which President Taft, in his speech at De- troit, declared would be sufficient to curb the trusts and put them out o1 business.
 .~The trusts will naturally dissolve under this section," the President said The announced plan of the Tobaccc trust, therefore, is an excellent exam pie of the manner in which the huge monopolies Of the country will dis solve. Under it's plan of dissolution the tobacco monopoly announces nc cut in prices. With monopoly abol- ished, the four separate companies under ordinary circumstances, could immediately announce a price cutting campaign, in order to build up theil separate businesses.
 | But nothing of that kind will hap pen. Under the new plan the req trust will maintain four offices instead of one. The old underground agree ments'' will continue in force as ot old, and no one of the companies vii plan a single move that the othel three won't know about in advance And in the meantime President Taf says the Sherman law needs no fur ther amending.