The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-10-27
Morgan, Gary and Others Served
ID With Papers in Federal
Anti Trust Suit
STOCK MARKET DEMORALIZED
Steel Stocks Drop Off Several Points
In New York and Entire
List is Affected.

tire force of deputies, under United
States Marshall Henkel. was put at
the disposal of the government today
to finish the task of serving copies OF
the bill of equity in the Federal suit
filed yesterday afternoon to dissolve
the steel corporation, upon officers and
directors OF the alleged trust residing
here.
j. r. Morgan and f.. III. Gary re-
ceived the service last night, but thirt-
cen others remained to be served i'm
this nelghborhood.
According To a statement given out
I'm the. Office of the Federal marshal
In Trenton. thi" service of petition will
be followed by subpoenas requiring the
defendants to answer the petition at
Trenton on December 4th. 1t is ex-
pccted both these services will be made
within As hours.
The news of the filing of the suit
came yesterday, after the stock mark
ct had closed. but It brought many
brokers back to their offices i'm a hurry
TO lay plans for todays market and
take advantage OF the earlier opening
at foreign expense
Suit was Anticipated.
Word of n sharp decline in Steel in
London caused no surprise i'm New
York this morning The fear If any
of unexpected developments today
were dispeled by the length of time
the traders had had to digest the news
and by the fact that rumors of the
governments intention had long pre-
vailed
In the absence of any statement
Of the Steel corporations intentions
the opinion I'm Wall street this morning
was that the corporation would flgh;
the government suit. Preparations
evidently have been made in anticipa
tion of such ligitation, such as yes
terday's decision To abandon the Great
Northern ore leases and the reduction
OF ore freight rates, together with
the corporations announcement of its
position after the meeting of the di
rectors on September 26.
Three Judges to Hear Case.
Trenton, n. j. oct. 27-The draft |
ing of subpoenas was the first task of
the clerk of Federal circuit court here
today. AS fast as they were prepared
they were taken by marshals and
served upon the defendants. They re-
quire the defendants to appear in per-
son, or by counsel. at Trenton on De-
cember 4th to answer the petition.
1t was announced authortatively to-
day that three judges would hear the
steel case The judges are George
Of OF na1n w
Burlington, of Pittsburg and William
M. Lannng, of Trenton.
These judges recently handed down
n decision I'm favor of the government
To dissolve the alleged powder trust.
The actual prosecution of the suit |
probably will be the work of Attorney |
General Wickersham and his assist
ants.
Of utmost Public Importance"
Washington. oct. 27.-When the bill |
was filed in Trenton. asking the dis
solution of the Steel co "poration, At
torney General Wickersham also filed |
n Certificate of public importance" |
This states the case is of the utmost |
Importance. Although the Steel cor
poration will have four months To make
answer to the governments allegation
that IL Is menace to the nation"
there are possibilities, however of
delay. After these possibilities are
disposed OF the circuit court probably |
will name a time to hear the testimony |
and the battle of the giants will begin
The decision I'm the oil and tobacco /
cases are expected To expedite the trial
In the steel case. The governments |
purpose is to show that the steel cor
poration Is the only giant trust to hold |
at least a dozen others.
The bill charges the Federal Steel, |
Carnegie American Steel & Wire Co,
Of New Jersey. American Tin Plate and |
other companies are illegal trusts in
themselves and combinations that mo-
nopolze trade.
The government asks that all these
companies be dissolved and set back
into the integral units they formed be-
fore the organization of the Steel cor
poration.
The beginning of the civil suit raises
the question OF the criminal prosecu-
ton of those who have been active In
the formation OF the corporation There
is no official information obtainable at
this time upon that point. There Is
said TO be grave doubts however, as
TO whether the criminal prosecution
could be successful.
Will Fight Against Delay.
Chicago, Oct. 27.-Former Secretary
OF War Dickinson, who acted as special
counsel for the government in prepar-
Ing the case against the steel corpora
ion' arrived here today. and said any
attempt to cause n prolonged delay In
nearing the action will be fought Wig
orously by the government. Dickin-
son said:
The action of the board of direct
ors Of the steel corporation yesterday u