The Mathews journal. (Mathews C.H. [Court House]) 1903-1937, 1911-06-08
TOBACCO TRUST
WILL D|SS0I We

NEW YORK Special-The Amer
lean Tobacco Company which, like
the Standard Oil Company, has been
ordered dissolved by the United States
Supreme Court, will act Immediately
TO carry out the provision of the trib-
unaIs mandate.
The Tobacco Trust officials will
even take steps to effect it's rehabili-
tation before the effect Of the decree
can become a judicial matter of fact.
through affirmation by the lower
court, as ordered by the Supreme
Court.
A meeting of the representatives of
the American Tobacco Company was
called for today at its main office,
III Fifth Avenue, to consult with De
Lancey Nicoll, counsel for the cor
poration, and other attorneys of the
company.
This was to be the first of a series
or meetings to outline a plan for a
reorganization of the lines similar to
those which the STANDARD Oil Com
pany will adopt.
1t is believed that before the eight
months time allowed by the Supreme
Court nave elapsed the concern will
have been split up into integral parts.
each with a separate branch of the
sbusiness in it's hands.
l Organize Five Branches.
The control Of the American To-
bacco Company, it is believed. will be
maintained by the present holders.
The reorganization plan is sun
posed to have for its object the in
stitution of at least fre individual
corporations, without holding COM
pany.
1t was learned to-day that. antici-
pating an adverse decision, lawyers
for the Tobacco Trust had conferred
since the Standard OH decision was
handed down with a view to formu-
lating a reorganization plan. This
step had not been far advanced. how
ever. for the possibility had existed
that the decree might enable the
trust to retain its present form.
New Hope FOR COrpOn ton LAWYERS
The rules of reason" as AGAINST
the letter Of the law has now become
the guide post of the army of cor
poration lawyers in New York whose
services are sought in the combining
of industries and capital.
The Tobacco Trust is made nm Of
eighty-siX original companies. accord
ing 10 the bill of complaint issued bv
the Government in the suit The pom
ular notion of the effect Of the disso-
luton suits has been that the COM
binations must be split up into the
original number of concerns which
were absorbed TO make up the trust
However the DEGREES are INTERPRETED
by trust lawyers to mean that the va
rious branches of activity shall be
held by various companies One
branch would thus control the traffic
end. another the selling end. another
the manufacturing end and so on
throughout
The combined capital of the Ameri-
can Tobacco Company is S45O.395.S9e
May Proceed CriminaIly.
BY the terms of the decision as it
is interpreted by experts today. the
Government is empowered to proceed
criminally against all the persons
named in the suit as defendants. They
are:
James b. Duke, Caleb c. Dula. p.
:. Hill, George Arens. Paul Brown
Robert Dula, George Helme. Robert
Lewis. Thomas J. Maloney Oliver II.
Payne, Thomas f. Ryan. Robert
Smith, George w. Watts. George c.
Allen, John 3. Cobb William d. Har-
ris, William II. McAllister, Anthony
\. Brady. Benjamin ~. Duke. II. NJ.
Hanna, Herbert d. Kngsbury. Pierre
Lorillard. Rufus L. Patterson. Frank
II. Ray, Grant B. SChley, Charles N
Strotz, z. A. B. Widener and w. w.
Fuller.