The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-10-05
STORM BREWING
OVER RYAN'S PLAN
Method of Ending Tobacco
Trust Declared Attempt to
Evade Courts Order.

New York. October A big storm
is brewing over the plan which Thomas
F. Ryan and his associates in the to-
bacco trust propose to submit to the
court as basis for the reorsaniza-
ton Of that combination in accord
ance with the decree of the United
states Supreme Court
Tho details of tho proposed plan
were made public in connection
with a petition fled by the r. p.
Richardson. Jr.. Tobacco Company. OF
iaries OF the trust. which seeks to
have Its Independence restored.
The proposition is denounced by the
Richardson concern as iniquitous and
tne present controllers Of the trust.
Ryan and others. to deceive the court.
the public and all tho security holders
outside of those in the Ryan clique.
eminent. 1t is understood. hold opin
ions similar TO those OF the Richard
sons. but Attorney General Wicker
sham, at the secret conferences with
to lean toward the other side. and 1t is
said may suggest to tho court that the
plan. II presented. be utilized as
basis for the dissolution OF the COM
In the after event 1t is openly de-
clared that another branch or the
United StNtes government will inter
vene and fight with the Attorney
General will be on at once
The representative of this branch
OF the government. who have been
watching the tobacco case intently. in
sist that the plan as at present pro-
andacious attempt to fool the United
states Supreme Court and bring its
rulings into contempt.
Details of the Plan.
IN FN1a
the petition Of the Richardson Com :
pany is as follows:
8 Division Isn. of the trust into three or
tically unlimited capital.
Assets of sl70.o00.0o0 in cash and Sc :
curities now in the trusts treasury
to be retained by the trust under the
pany to pay off the bonds It has is
sued In the process OF watering and
juggling securities, lsnd which will
not all mature for ffty years.
Bonds and preferred stock Of the
American Tobacco Company to be cx-
| changed for similar securities In the
proposed new concerns.
Common stock OF the trust TO be cS
changed for common stock of the pro-
posed new companies on such basis
that the innocent" holders of II shall
not suffer.
This plan. it is said, merely means
that the trust will be continued under
three or five masks and that the men
uoW confronting me toDdCcO INDUSTRY
of the country will retain their full
power through an assured control over
the newly formed companies.
II tho Attorney General does not
oppose 1t the independents will. and
tho matter will in all probability be
taken back to the supreme Court IN
that case 1t would be year or more
before 1t was finally decided and the
trust magnates III the meantime would
have reaped the profit They have
until December 81 to perfect q plan.
extend that time for thirty days.
Petition Of the Richardson's.
The Richardson's In their petition
say:
The plans OF the American Tobacco
Company are not in accordance with
the Judgment and DEGREES OF the Cir
cult Court and the directions OF the
United States Supreme Court IN it's
opinion and mandate.
Under II the control of all the com
panies proposed to be formed out OF
the present elements will remain as It
haH been before. namely, with the
(the Ryan clique OF the American To-
bacco Company
1T would simply leave the men who
are now monopolizinG the tobacco in
dustry OF the country in a stronger
position than they are now
While one great corporation holds
and controls sl10,000.000 of assets II Is
impossible to see how the independent
dealers can in any way be protected.
The trust should be compelled to
dispose of it's Legitimate holdings, pay
off all its obligations according to pri-
GRITTY and divide among its stockhold-
o. w hat lie lcff