Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1911-03-21
SUPREME COURT
AGAINST TRUSTS
Decree Iu That Line Expect
ed By Wall Street

Oo ~ ~ ia StA OOA
/ New York, March 20.-Standard Oil
will lose its fight in the United States
Supreme court SO win the Ameri-
can Tobacco Company.
That is the opinion of Wall street.
John D. Rockefeller and the Stand
ard Oil Company are sharers in this
opinion.
Look at Standard Oil" says Wall
street, 1t is a bear on the market
1t is doing its best to drive down the
value Of stocks just TO prove to the
country what a terrible thing it viii
. be if Standard Oil is dissolved"
In congress the so-called Standard
Oil members have done nothing to pre-
vent an extra session. Why? Because
. in the extra session it IS likely that the
whole tariff question viii be re opened.
While the tariff question is hanging
fire business is always unsettled. And
bad american business will help
RockefelIe- and all the trust magnates
in cabling the people TO think that
American business viii die unless they
are permitted to exist.
# the Supreme court decides against
trusts it may head off plans now IN
der way to consolidate business in "A
closer way than ever before
Almost every article Of commerce
from the knob on the front door of
the workingman's house to the axe
in the woodshed, will become trust,
made articles if Standard Oil and the
American Tobacco Co. win.
The completion of the billion dollar
copper trust awaits the decision. Ev
erything is ready except Uncle Sans
permission. The junior steel trust,
planned by Charles NJ. Schwab which
would tristify the independent steel
manufacturers of the country, could
be put into shape overnight; every
thing is ready for it except Uncle
Sans
The only thing that prevents the
American Telephone and Telegraph
Company from selling al the indie
pendent telephone companies of the
country, and perhaps the one indie
pendent telegraph company, is the
coming Standard Oil decision.
The bathtub trust, the glass trust
and other trusts which have been I'M
der the fire of the government would
gain new leases on life if the govern
ment lost the Standard Oil fight. Tae
fight which has just been begun
against the great electric trust, which
does not own the electricity in the air,
of course, but which does own all
the apparatus for capturing, carrying
and using it, would have to Je
dropped if Standard Oil won.
Wall street is getting its home III
order for the worst @sell, sell, sell,
is the cry. The scramble to get rid
of trust stock will increase. The
public-as Wall street calls the
"suckers'-is afraid to touch anything
but government bonds. The water
values of trust stocks are flow
ing, not dripping, away.
Wall street agencies are putting out
/ pamphlets and items for the Ameri-
/ can press trying to show that after the
decision against the Northern Securi-
/ ties Company on March IA, 1904,
stocks which had been pounded down
"a the strength of the coming decision
arose with a bound as soon as the de-
cision had been given, even though
the decision was against the merging
of competing railroads. This news is
calculated to make the suckers buy
and wait for the rise" after the deci5-
ion is given in the pending trust cases.
But Wall street really does not expect
rise
In fact these days are about the
gloomiest Wall street and the stock
exchange have ever seen.