The Wilson times. [volume] (Wilson, N.C.) 1896-19??, 1911-11-10
THE Plan
ACCEPTED
COURT SAYS THE SCHEME OF
DISSOLUTION OFFERED BY
TRUST IS ALL RIGHT
NOT SUBJECT TO REVIEW

The features of the opinions are
that the dissolution should be con-
summated without delay: that the
request of Attorney General Wicker
sham for the reservation by the Gov
ernment of right to apply for further
or other elief within a period of five
years if the plan did not result in
harmony with the law, is declared
not to be within the authority of the
court to grant; that the court does
enjoin for a period of three years
the 20 individuals in the suit from ac-
quiring any individual holdings in the
companies into which the trust is
thus split; and that the application
made by independents for dissolution
Of the United States Cigar Stores Co.
lay outside the authority of the court
but that this did not preclude any
independent action later against the
Cigar Stores Company as an indivi-
dual corporation.
New York, Nov 9.-The United
States Circuit Court in deciding the
case of the dissolution of the Ameri-
can Tobacco Company, expressly de-
clined to sanction the idea of Attor-
ney General Wickersham who want
years, st the end of which time it
might he subject to review and alter
alton. The court held that it held no
power, under the mandate of the
Supreme Court of the United States,
to make any such order.
Also it refused to consider the ap-
p1ication made by the Independents
for the dissolution of the United
Cigar Stores Company upon the
ground that the power to take such
"a step was not given to the court IN
the pending litigation. 1t was point
ed out that the refusal did not pre-
c1ude any independent action that
might later be taken against this com
pany as any individual corporation.
The court enjoins for a period of
three years Thomas F. Ryan, Antho-
ny n. Brady and the twenty seven 9th
er individual defendants named in
the action from acquiring any addi-
tiona1 holdings in the three companies
The American Tobacco Company
itself, as an operating company, will
be broken into three companies, each
completely equipped for the conduct
of a large tobacco business, neither
Of which will own any interest in the
other and iether of which will be
dominant in the tobacco trade, ,wheth
er reference be had to the proper
ton of sales in any branch Of the
business, or regard to be had to dom
mating ownership of popular and val
liable brands or regard be had to the
purchase of any type of leaf tobacco
or regard be had to any other meas
ure of Importance in the tobacco
trade.
The other results of the decree, as
stated by the company's lawyers,Wll
be:
The tin foil business will be dlV1d
ed between two companies, eacn IN
dependent of the other.
The licorice business will be put IL
the same position. .
The American Stogie Company VII
be dissolved and it's business dlsln
tegrated. ;.
The American Cigar Company vii
be disintegrated and left wlthou
dominant position in the cigar trace
The American Snuff Company l
divided into three companies.
The trust, by distributing its SUI
plus, loses control over the aoo'
named lines of business.
It parts with it's interest IN III
United Cigar Stores Company.
1t gives up it's interest in the TO,
eign companies engaged in its line 9
business.