davidaulloa/AmericanStories huggingface dataset:
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
HOW SHAREHOLDERS
WILL DIVIDE STOCK

WASHINGTON, May Ie.-Just
what an Individual shareholder in the
Standard OH Company may expect
from the dissolution of the trust was
explained to-day by an attorney iden-
titled with the case since its incep-
ton as follows:
The decree requires that the thir-
ty-seven companies forming the COM
bine be divorced from each other;
that there be no common ownership
of stock, and that they be conducted
as separate entities, Liquidation Of
stocks is the logical way.
The Standard Oil Company, OF
New Jersey, controls through direct
ownership thirty-seven companies.
There are about sS3,3S3 shares of
this stock outstanding. Each holder
of one share, of stock in the New
Jersey, or holding corporation. there
fore, owns a fractional share of the
value of the thirty-seven companies,
represented by the fraction thirty
seven over eS3,3SS. To attempt to
equalize the value of this share In
the business of the combin with
out liquidating would be impossible.
The recourse left open to the com
bine. therefore. is sale Of It's stock.
and distribution OF the proceeds to
its stockholders. The New Jersey
corporation would sell its shares of
stock in each of the subsidiary cor
porations and itself go out of bust
ness. The decision specifically states
that each corporation in the com bine
shall be conducted as an independent
entity.
The six months given by the SUI
prene court as the time within which
the trust must dissolve. will be
ample"
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
GRATIFYING AND
DISAPPOINTING
fcontinued from First Page.

CONTINUED from First Page.)
which to large extent nailiftes the
antitrust law.
THE trusts have been trying for
years to secure an amendm ent TO the
ANTITRUST Law, which. wasld- Limit the
law to unreasonable restraint OF
trade.
The dissenting opinion of Justice
Harlan points out very forcihly the
far-reaci,ing effect of this decision. 1t
viii now be necessary to secure an
amendment to the antitrust law to
make 1t worth anything.
OverstcTs Power.
Representative Adamson (Demo-
crat), OF Georgia, chairman of the
Democratic house committee on inter-
state commerce. to-day said;
THE Supreme Court had no consti-
tutional power to amend the Sherman
law by writing in the word "unrea-
sonabie" The trusts tried time and
time again to amend the law in that
wgy--by the simple insertion OF that
one word. With that in the law they
would be willing to continue their
present business methods and take
chances with the Supreme Court. Con-
gress refused to amend the law In that
way. That was Mark Hanna's plan.
He wanted the law to distinguish be-
tween good trusts and bad trusts. but
Congress declined to make the distinc-
ton.
Now the Supreme Court takes on
itself the power OF legislation which
was expressly reserved to Congress by
the constitution and proceeds to write
into the law what Congress refused TO
consider.
Upholds Decision.
Madison tRannbIi-
csnl. of Kansas, one OF the lawyers
In the House. said:
1.-The decision VIII he found in prac-
teal application to subsequent cases
10 be much more far-reaching than
some. who now criticise IT. think II
would be. For centuries only unrea-
.onable restraints of trade could be
enio,ned. and what constitutes rea-
sonabie and unreasonable restraints Is
very we'll settled. The court has In
this case said that the things done by
the Standard on COMPANY are IN IN
reasonable restraint Of trade. and
tnose things are the things and prac-
tically All OF them. Of which the Am
arican people have complained as con-
shutting Injurious restraint leading to
monopoly and all Its evils
Mann La P1cased.
Representative Mann, of Illinois
Republican floor leader. who was a
member of the committee on com
merce that framed the Sherman law
said; -,
II am pleased with the decision. O'
course. the question OF whether the
court usurped the legislative function
u,,Il he raised regarding the infection
~ teh word unreasonable into the
law. -
ut has been apparent ever since ths
| Sherman law passed that some dis
tinction between reasonable and un'
reasonable restraint OF trade woult
hayA = ~ made. ne Law waB 1egal
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16

law by the United States Supreme
Court brought delight to all persons
interested in the stock market to- day
with the result that, after weeks Of
lethargy. the exchange took on I'M
wonted activity As an indication Of
the satisfaction felt by those most
directly concerned. It was stated by
all OF the big brokerage firms that
they were flooded with buying orders
long before the regular hour for open
ing. Many concerns with information
al connections remained oRen all
night and we're heavy buyery on the
London, Paris and Berlin bourses long
before trading was possible here. The
result was generally strong tone
everywhere in the list, with some Of
the leading issues. notably Steel, the
Hartman shares and Reading, max
ing decided gains.
There was difference of opinion
as to whether the boom was spas
modic or really marked the start of
big year in stocks. The most no.
ticeable thing on the floor of the ex-
change was the small amount of actual
stock being hawked.
On the curb market there was some
excitement at the opening, but 1t was
short lived. There was no tobacco
stock offered at all in the early hours
while the trading in Standard OH
stock was confined to 10 shares
which were disposed of at figures
that averaged more than three points
above last nights close. 1t was gem
orally agreed that as result of the
decision of the court the stock will
be even more valuable in the future
after the reorganization plans are
completed and announced.
There had been an undercurrent OF
feeling that the decision might be of
such a nature as TO force the Steel
Trust and some of the other large
combinations To reorgani2e. After in
specting the text of the mandate,
however, Judge Gary. chairman of the
hoard of the Steel Trust. and Daniel
Guggenheim, head of 1.-The Smelter
Trust. issued statements that their
companies would not be interfered
with. The result was a strong tone
in these market leaders. and this,
coupled with the demand for the
leading railway shares, aided In car
rying the list to the high figures
Generally summing up the decision,
market brokers said that while the
government undoubtedly won a not
able victory in having its contentious
regarding the Standard OH Company
upheld. the effect Of the decision
would be To continue Combinations
within well defined limits and the
fear OF constant and continued lti-
CATION was now entirely done away
with.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
STOCKS GO UP IS !
DECISION 5 RESULT

NEW YORK. May 1.-THE way
the stock market construed the Stands
ard Oil decision was shown In tho
urgent demand for stocks 1t the
opening. There was no Increase In
the amount Of shares available for.
trading purposes with the result that
general advances were in order range
ing from substantial fractional TO
more than two point gains. EortherK
Pacific. Lehigh Valley. Reading, Steel
common and prferred were In great
demand. Steel common opened UP
l rs higher. as did Consolidated Gas
and General Electric. Union Pacific
sold 500 shares at l7S and 170 In
as against last nights close of 177 3-4s
Although q little recession occurred
after the early trading It did not last
long. all of the stocks supplied being
quickly absorbed. Afterward the tons
approached buoyancy and further
gains were made In the majority OF
the active stocks. The volume cE
business was phenomenal, the sales
of 400, 900 shares In the first hour.
Governments are unchanged; otheE
bonds strong.
The general character of the market
was unchanged from it's midday con.
ditions.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
GIRL ARRESTED
ON SERIOUS CHARGE

Edith Darlington. Colorcd woman.
was arrested Monday evening by
County officers Flynn a. Jerrall and
locked up on the charge of murder
ing her infant. The officers think
they have sufficient evidence to con-
Wet the woman.
The case Will come up for pre-
iiminary hearing before Justice
Cheattlam in Oak Grove court next
Friday.
Heavily Fined.
For disorderly conduct on a pas
senger train of the Southern Railway
Company last Saturday night Q. 4.
Jeffrey, @. S. Jeffrey, w. r. Jeffrey
and Richard Evans were each fined
s25 and cost by Justice Cowan. of
Bon Air. In addition TO their dis
ord erly conduct on the train the four
men are said to have assaulted Brake
man T. l.. Martin and gave the man
a terrible beating. The fines and cost
resulted in about $40 each from the
men.
The case of Tom r. Powell against
the city of Richmond for 900 dam.
ages was set for trial May 90.
June 9 vas set for the trial OF tbs
$1,000 suit of Isaac Tinsley againsi
the Baughman Stationery Company.
The case Of l.. Stein against the
Virginia Iron and Metal Company
WAS set for June 5.
The date for the hearing of the
$4,000 suit Of Raymond Guy agains'
the Virginia Railway and Power Com
pany Will he set later
Dates wifi also be fixed later foi
the three cases in which the Crane
jury found true bills.
The following Jurors have been
summoned for the criminal court: w
d. Anderson, l.. H. Hogan, II. W
Pollard, John A Dunnivant. II. g
Carter. II. A Lawson, w. W. Work
man. Charles Clinely. Valentine Rit-
ger Ernest Wood. John W. Moore
George Paul. A. NJ. Doyle. J. w. Ser
geant, Il. #. Beedies, Henry Kelly
Samuel Bailey. colored, George Beth.
eli, ] l.. BEDFORD and L. A. Bass.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
As England Sees II.

LONDON, May 15.--No serious eff
feet of the decision of the Standard
Oh was felt In the English markets
today, The unexpected stability Is due
to the fact that the decision had al
ready been discounted and to the fur
Their fact that there Is general feel
ing that the decision does not mean a
real dissolution
The Pail Mall Gazette. William Wal
dorf Astor's paper calls the decision
"a theatrical but fruitless victory for
the opponents of the money power"
las far as the consumer is con-
cerned," 1t says. I'VE do not expect the
decision 10 make hairs breadth diff
ference The decision however marks
the beginning rather than the end OF
the struggle
The Westsuan stera sssuxs tie ssss Ts,s fT
would not be surprising IL the trust
continues an a lose federation. The
difficulty Is the State can not compel
companies to compete II they are de-
termined not to do So
THE government has won only a
pyrrhic victory" the Globe asserts. at
is true that the trust 10 to be dissolved
but the governments main argument
10 held to be unsound; namely that all
concerns that monopolize the field are
combinations in restraint Of trade. The
decision IL mainly in favor OF the
trust idea. The diasolution in compli-
ance with yesterdays verdict will be
more or less nominal"
The Star congratulates tho reform
era behind the American government
on the heavy blow against Rockfel-
lsr'a plFaes su,ptrA" hut + warns the
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16

WASHINGTON. May 15.--"Dis-
solve the Standard Oil Company You
might as well try to dissolve the At
lantic ocean" declared Repr esenta-
tive Berger SOCIALIST. OF Wisconsin.
to-day.
The decision amounts To nothing
it simply can't be done" he continued.
You can't take property away from
a person. You cant change the
ownership OF the oil trust. You can
simply change the form OF the owner
ship and the result will be exactly
the same.
This decision simply goes to show
further the ignorance Of Judges, In
GLIDING those on the supreme court
bench. regarding economic conditions.
VIII anybody get any cheaper oil =?
should say not. The whole thing
is amusing
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
viii Obey Decision.

NEW YORK. May 16.--The Stand
ard Oil Company VIII obey the de-
cree of the supreme court. This was
the statement to-day of NJ. F. Elliott.
chief counsel OF the company.
Not having yet seen the opinion
of the court in fun" ne said. at
Is impossible to make any lengthy
statement. The full opinion must be
read and studied by my associates
and myself before 1t can be intelli-
gently dealt with. II may now be
said, however. that the Standard on
Company will obey the decree of the
court and that all the companies en-
hraced in the courts decree of the
court and that all the companies EN-
braeed in the courts decree viii carry
on their business as usual under the
direction of their own officers and
through their own corporate organI-
cation.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
MRS. HOLLAND
SLIGHTLY HURT

The condition Of Mrs. John Holland,
OF 100 Perry street. who was thrown
to the street Saturday by street
car, is not regarded as serious by DR..
Oscar owens. the attending physi-
clan.
The accident occurred on the cor
ner of Bragg and Seventh streets
about noon. Mrs Holland had ii
child with her at the time, but the
car moved away with the youngster.
The child would have fallen to the
street also II a passenger had not
caught 1t. Mrs. Holland was badly
bruised by her fall. and had to be
carried to her home.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
STANDARD OIL DECLARED
IN RESTRAINT OF TRADE
Supreme Court of the United States Renders important and
Far-Reachng Decision Against Great Corporation
MAIN FEATURES OF DECISION OUTLINED.

Standard
Oil
/ a
That dissolved within months
Corporations restrictive OF
aren oan Effected.
will
to
decision JUS
situation dvsaby of Federal incorporation
a n
DC
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
GET REQUISITION
FOR DR.. MORSE

Governor Mann issued reauisition
Tuesday morning on the Governor of
Maryland for r. r. Morse, who is
wanted here on charge of obtaining
money on false pretenses,. The man
Is under arrest In Baltimore .v>.--,-,
The charge Is made by James w.
Lord, of Richmond, who claims that
Morse sold slaAEs- the asAxnls:ssvaxrsxm to
handle radium spray in this State
for the sum of 1900. 1t Is said that
Morse has not lived up to his con-
tract.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16

The Stockton Street Baptist church
parsonage is being moved from
Twelfth and Stockton streets TO Ninth
street. The big two-story building is
being hauled down the middle of the
street
Mrs F. l.. Bunk and children, OF
Mrs T. l. Burk and children, of
Covington, Ga, are visiting relatives
George W. kirkman. who has been
visiting his mother in the Southside,
has returned 10 his home in Hinton
W. Va.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
Kick Against Public Dump

A report in the shape OF a protest
was made 10 Judge Wells concerning
the public dumping ground on Stock
ton street between Eleventh and
welfth streets. Judge Wells referred
the matter to the grand jury. who
recommended that the health depart
ment be notified 10 ahate any nuisance
that might be created
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
POPE RECEIVES VISITORS
BUT SUFFERS FROM GOVT

ROME. May l6.--Owing to a severe
attack Of chronic govt to-day, the
Pope was compelled to lie on q couch
IN receiving his visitors. His doctors
ordered a complete Rest, but the Pope
disregarded their wishes. The doctors
have publicly asked that no one seek
an interview with hia holiness for the
next few days. except ON the most
pronntng bunioo0k
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
pubr Of steel Trust Passes House,


WASHINGTON. May 1s,--At an in
formal conference of Senate progress
sives to-day II was decided to urge an
amendment to the Sherman antitrust
law. reading as follows:
NO bination in restraint OF
trade shall be regarded as reasonable
within the terms Of this act
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
Damage suit Entered.

Suit for $4,000 damages was en-
tered in the Hastings Court. Part
., by Attorney Hunsdon Cary for Por
ter G. Taylor against Hugh T. Nell
son. Mr.. Taylor Is the executor OF
the estate of Celeste +. Tracy. de-
ceased
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
Police. Court. Pnrf 2.

In police court, part 2 Tuesday
morning Linwood and John Johnson.
TWO negroes. We're fined SIS and costs
for lighting In the street.
Claude Jones, q white man charged
with being drunk. was dismissed
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16

OF competition conditions, are within
the prohibition of the first section of
the Sherman act
Kellogg, the Buster"
A commission to bust" the king Of
all trusts was offered to Frank b.
Kellogg by President Roosevelt five
years age. Kellogg WAS game ana
started on the trail Various attor-
neys OF the Department OF Justice and
Attorneys General Bonaparte and
Wickersham were associated with
him in the case. but the heavy work
fell upon kellogg.
He Was confronted at every pre-
hminary hearing and in battles In the
federal courts by some OF the most dis
tinguished lawyers in the country
Money being easy" with the Stand
ard. 1t had taken its pick OF the legal
profession. Stories Of fabulous fees
were passed around by men who
claimed TO know the compensation
given the champions Of the great
monopoly. II was said that NORTH
Rosenthai. Of Chicago, enlisted by the
Standard. was raking in more than 81
600 per day
As the proceedings dragged through
the years, a record was accumulated
that was described by Chief Justice
White IN HIS decision as an "inordi-
uately voiuminous record. aggregating
about 12.0oo pages containing vast
amour. OF confusing and conflicting
testimony relating to innumerabie com
pick and varied business transa ctions,
extending over a period Of nearly 40
years"
Kellogg received kilograms Of con-
graduation from all parts of the coun-
try last night and today.
VIII Raise Prices
NEW YORK. May I6.--One effect OF
the governments decision In the
Standard Oil case and the one in which
the public win be most vitality con-
cerned viii be. according to business
men here who have read the decision,
probable advance in the price OF all
oil products to the ultimate consumer
The turning back To the original com :
panies of their properties will not make
any real change in the ownership of
I tsfese coflceriis. 1t fl pointed out They
win still be Standard OIL properties.
although their stock vii be distri
huted among numerous share -holders
instead of being In the strong boxes of
the parent corporation. the Standard
Oil Company OF New Jersey.
Whereas now many of these concerns
are united under a general manage
ment they vii be operated as distinct
concerns. Operating expenses will be
increased while there will be no way
to compel actual competition among
the companies for trade
To meet the expenses Of Individual
administration the prices of the pro-
ducts of the various companies will
| necessarily have to be generally ad
vanced, IL is believed
The modification OF the mandate OF
the lower court insofar as IL affects
! the individual stock holding Is likely Ia
have "A far reaching effect on the oil
business. While ostensibly there will
be offsscompanies in the various mar
kets. there Is no mandate OF the court
which prohibits them working along
| lines now prevalent In the steel field
| There "gentlemans agreement" fixes
| prices and while nothing is reduced 10
writing the general trade Ia divided and
| dead lire is fixed below which prices
are not permitted TO go.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16

government against expecting too much
from the decision. The standard OIL
Company has been ineffectively dis
solved before" II says.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
RICHMOND STOCK EXCHANGE.
Richmond. Va. May Is, 1911.

State Securities. IS
Va. 81. Old c. & X 1892. SO -.
Va. Con. "a G. & r lssl....ss ssK
Rich'd City. Is, r le2o-l9so 9s -
Ri ,a.a city As. C. 8 r 1888
is4s .,,rosa ' nana: ss - .
A. c. l. r. r. Consol Trust
a. { , lcR r. Cow. Dsbs-. s
c. . 5'' GEM Nj. Al. issi III =.
Ga. Southern & Fla. 1915. .l0s -.
Ga. & Ala. eonsot %. 1875. los
\ s W ~ R' 80 -. 1884, Il. g =.
a. h m "a AZ az FoG Ga -. ists sso So g
seaboard Adj. ss. 1919. .7sh
So. r Dew. 4 q. III. IS. 1855. 80 -.
N. & P. Trac Co. IS. 1885. .ssA -.
Va Ry- q r. Co. IS. 1884. 9sA -.
Va Ry. & P Co Pref. .s.h
Railroad Stocks.
ATTAIN Coast Line Com lbs -.
& Nor ans = west Com ..ios7,f -
ssaboara CO. ,st Pref. 49,. IS -.
5nahosna ASxs s2sd Fret sesss
Seaboard Co. Com. .....,..s. ..sA 80
SO. Railway. Pref. ....-.....s
Bank and Trust Co. STOCK.
Amer National ..........l es
Broad Street .............. 80 80
| Bank OF Com'r and TT: .125 ~.
First National ........... SIS 80
| Merchants National ....... .eS6 80. IN
Ma, Bank OF Ya.........1e3 $500
Natl state and City Blk. ....171 ...a
| Planters National ........ 100 ...#M
! Saw. Bank OF Rtchd. .......ss 80.
Unlen Bk Of Richmond -. ATS ...s
Va. Trst Co. las
InsurancS CoHpsnfeA sssssj
| Va FIRE 4 Marine Inns. ~. - SEEM
| Am To- Co. Pref. : p. o....1t
| Amer. Loco. Coz Prex. 100 ~ s4
Va--Car Chem n. ,. 60. IA -
va.-car Chem. Com. n WI .~sE ss5s
ya-Car. Chem. 1at Mort ~ N II D ss
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
Officials Are Gratiisxf

WASHINGTON. May 16~-There
was JOY at the Treasury Department
to-day because of the decision OF the
Supreme Court in the United Wireless
Telegraph case. that concerns under
indictment must produce their books
even though they be discriminating
Assistant Secretary of the Treasury
Curtis to-day declared that the de-
cision will save the government much
time. expense and trouble in prosecut-
ing its customs fraud cases Failure
to get books caused las all sorts OF
embarrassment in the sugar trust
case said Curtis. and there have
been numerous other instances where
we have been hampered by lack of
Just such a decision as the court has
now handed down. The department
has two cases pending right now to
which the decision may apply and
make simple for us"
Probe OF Steel Trust Passes House
WASHINGTON, May 16.-An inn
mediate sweeping investigation OF the
steel trust was ordered when the
Stanley resolution passed the House
unanimously to-day. The debate on
tbs. resolution Was marked by IA dis
cussfon OF tive Suprsne Court deci-
sion In the Standard Oil Company by
Representative Boriand tRepubticanI
OF Missouri.
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
OIL TRUST DISSOLVED,
BUT MAY RE0RGAN|zE

Continued from First Page,

of competition conditions, are within
the prohibition Of the first section of
the Sherman act ~
The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-05-16
Takes I'm the Fa<.tN

The chief Justice next took up the
ute to them. The court found that
the result OF enlarginx the capital
stock Of the Standard Oil Company
Of New Jersey and the acquisition by
thAt companx n TIA ahAxas # Tie
The Sentinel=record., 1911-06-06
NOTICE FOR PUBLICATION.
Department of the Interior,
Y. S. Land Office at Camden Ar.
kansas.

May 20, 1871.
Notice is hereby given that Archie
N. Echols. of Muse. Ark. Who on
October 6. 1908 made Homestead en-
try (serial No. Oi55s). No. 26s74, for
w l-2NE IA and S 1-2Nw IA. Sec
ton s, Township S, Range 20 w, 5th
Principal Meridian has filed notice of
intention to make final five year
proof. to establish claim to the land
above described, before U. S. Com
missioner, at Hot Springs. Ark. on
the Goth day of June, 1911.
Claimant names as witnesses:
William J. Muse, of Hot Springs,
Ark; Jesse T. Muse of Hot Springs
Ark; Joseph McTigarltt, of Muse
Ark; John Y Speer. of Muse. Ark.
H. g. FREEDMEN, Register.
The Sentinel=record., 1911-06-06
DISSOLUTION NOTICE

Notice is hereby given that the co.
partnership existing by and between
J. A. Riggs and Harry Shelton in and
10 the business known as the over
and Auto Company; also the co part
1ership existing between j. A Riggs
md Harry Shelton in the Commission
Sales business of Overland Auto
'ars; are both hereby dissolved by
mutual consent. the said Harry Shell
ton withdrawing from both business
propositions and the said J A. Riggs
taking full control and authority Of
each business and assuming all debts
rendered to date and due by each
business, and Is to collect all debts
due the business.
J. A. RIGGS.
II. H. SHELTON.
5-2S- lod