Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-05-06
Business 10 Be Conducted Un-
der KniCkerbocker Ice Co.
Statement Of President ". N.
OIer Reviews The Litigations,
Action Ends Great Expenditure Of
Money and Time on Both Sides.

New York, May 5.--The $40000,006
American Ice Co., New Jersey COR
| poration which Charles w. Morse the
convict banker. organized in 1899, has
withdrawn from the state of New York
| and all pending proceedings against
the concern as a monopoly have been
| dismissed. This was announced almost
| simultaneously in New York and Al
| bany late today by the company and
the state authorities respectively.
Hereafter the New York end of the
company's business will be conducted
| under the name of the Knickerbocker
Ice Co, domestic corporation, amen
able to state regulations, although
| there will be no c,Iange of capitaliza-
ton of either the American Ice Co.,
still existing as a New Jersey corpor-
alton or in the American Ice Securi-
ties Co.. holding company similarly
incorporated.
Briefly the so-called trust leaves New
York refraining from any action which
might be construed as in restraint of
trade and received, SO to speak, clean
| bill of health as the Knickerbocker Ice
Co. In turn Attorney General Carmody
withdraws the states suit which sought
a perpetual injunction against the con-
Germs operating in New York. This
action WAS brought under the Hughes
| administration and has since been
pending.
Wesley M. Oler, president of the
American Ice Co., issued a statement
tonight, reviewing the litigation which
he said had been for years a source
| of large expenditure of money and
| time to both the state and the COM
pany. The basis of the states anti
monopoly suit, he explained, lay in
contracts made prior to his admins
tration as president and those con-
tracts had been voluntarily cancell-
| ed"
The company has had It's main office
In New York with Connections at
Philadelphia, Boston, Baltimore.
Washington, Atlantic City, Cape May
and Camden, N. J.
Albany, N Y, May Stationery
General Carmody said tonight that the
state has not discontinued it's civil
suit against the American Ice Co,
| relative to the order entered in the
supreme court in New York today
! cancellirg the certificate of the com
pany to do business in this state.
When William S. Jackson was at
torney general, he instituted an ac-
! ton against the company on behalf
of the state to cancel the company's
| certificate alleging that it had en-
tered into conspiracy in restraint
OF trade because. as alleged it put
! out of business various individuals
| and independent ice companies
II June, 1908 indictments were
found against the company for the
| same alleged offences, conviction fol-
lowed and fine of 5000 was imposed
from which the company appealed.
| 1.-The order entered today" said At
torney General Carmody, cancelled
all of the contracts alleged to be in
restraint of trade as well as the GER
t1dcate of the company. 1t is fur
ther provided in the order that all
rights, privileges and franchises of
the company to do business in the
state of New York be cancelled and
the company be forever prohibited
from doing business in the state. All
the relief asked for is the complaint
IN the civil action has been accom-
! pllshed and the company agrees to
abandon the appeal to the criminal
proceedings and pay the $4,000 fine.
The civil suit is not discontinued,
1t remains in existence for the pur-
pose of enforcing all the provisions
ot the order entered today"