Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1911-10-31
Independent Manufacturers,
Dealers and Producers Be-
lieye This is Only Means That
VIII Terminate Monopoly,
ARGUMENTS ARE BEGUN
BEFORE CIRCUIT JUDGES
Attorney General WickerSham
Files Governments Answer
to Plan, Which Contains Many
Far Reaching Restrictions,

Far Reaching Restrictions,
Try Morning Journal Special leased wIrc.I
New York, oct. 30-The pro-
posed plan for the reorganization OF
the tobacco trust. submitted by the
American Tobacco company and It's
co-detendants 70 the government anti
trust suit, was both praised and con-
demned today before the federal cir
cult court Judges of the United states
for the southern district OF New
York.
After Attorney General Wicker
sham had filed the governments ans
wer TO the plan, counsel FOR the de-
PENDANTS pleaded with the court to
accept the dissolution proposal. Lew
Is Cass Ledyard. arguing for the de.
PENDANTS, insisted that II was an hon
est plan to comply with the require.
ments In the mandate of the supreme
court for a reorganization that viii
restore competition IN compliance
with the terms OF the sherman anti
trust law.
supporting the plan, representatives.
of the preferred stockholders and
bondholders OF the American Tubac-
co company and consistent 1ompah-
les urged approval OF the division OF
the trust into four principal segregat-
"a companies, to be operated indc-
pendent OF each other. In support OF
these interests appeared Joseph H.
Choate and others. who insisted that
the reorganization plan was sinecto
and pleaded that no hostile elements
be permitted absolutely to destroy Il,
though it might be subject to some
amendraent caiculsisd 20 asSure pro.
lection 20 the property rights OF cii-
izens.
Independent manufacturers. dealers
ana producers of tobacco unanimous
lv disapproved the plan on che ground
that it would not result In effeetuaf-
~ breaking M the trust ana that il
is a sham proposal TO divide the pro
.perties, which will be retained by
individuals.
Louis Brandeis of Boston, made tho
principal argument against the plan
and sought to convince the court thai
II would be impossible to bring about
thereby a restoration Of the eompe-
titive system In the trade.
Attorney General Wickersham,
appearing with the special prosecu.
tion attorneys, J. G. McReynolds and
Edwin L. Grosvenor, will be heard
tomorrow.
The answer OF the attorney gener-
al filed today did not express gem
eral opposition to the dissolution
plan, but contained for the guidance
Of the court many restrictions deem.
ed necessary 10 assure restoration of
competition I'm the tobacco trade.
Maintaining that 1t was impossible for
the court 10 determine IN advance
whether plan actually viii aceomp
lish effective competition the Httor-
ney general requested that right be
reserved 10 tho government 20 apply
to the court at any time within five
years for other relief upon a showing
that the plan did not result in rev
condition 10 harmony with the law.
Judges Lacombo, Ward, Coke and
Noyes who are hearing the argu~
ments. took active part in the discus
ton. when the arguments are con-
cluded 1t rs expected that the judges
viii take the case under dduseibeat
for some time before announcing
decision.
Opposition to the disintegratlon
l.
sunter an bchalf of tha inJanenoa,'t
retail tohacconists ef the countrv Az
forS.., GonoraI Williams or vfr5tnie
.,,hn enoi,a also an hahatf oe Attnr'
no,s crnoroi pici,ett ~ Nort, ,,,rn-
it,a nnI H,,,r,,'a,. c9,,,,.,t ~, ~.
gn1,fh CAROLINA ana lam ~ verl,ee
r,nrsenptIry mo tndonprdont roban.
co N.,mfac,nrcroe' ''oe aesoc,atinn p,'i0t '"''1
lin,to, doniarad ttat Eon ooa i,to-
no,,,,art rot,it tohao,, ,la,1,,g IN mo
n-o,utr,' - so,,. II, a." Ma, ~ =, ar.,no 49,
i.,,ti,,' '.,,,, ,.,,,,, 40 ,a,n,r ,h.
s,'sta,,, tha, i,a', -, .,ri,iin,, ,ba,s
',iis a,iont" ~ .,t1 ,,r.i .h1, 1anrt
.an,' ,,i'.o,,.,,t 49, hrt,,o
of the trust.
Attornev General Williams spoke
for tohocSo nrodurora vho he said.
inaistad nm rctai eonnet.,n1. Tahn
~ Verlso os attori,oa III, nut,ia,itv ~
atoc,s ownershin IN ths rnorponization