The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1911-05-19
BROKERS' LETTER
AROUSES COURT
Speculation is Rife as to What VIII es,
fall Men Who Had Temsrlsy 70
Demand Decision BY Court,

Washington, ID. c.. May 15,--onseiaiS
of the government are awaiting Vita
interest the action to be taken hs sRe
United States supreme court relative
to a market letter addressed te sAe
nine justices by the New York Ssee&
brokerage firm, j. 5, Baehe & co
urging the court TO decide the Sssa&
ard Oil and tobacco trust cases rae
letter is considered here remarkable
communication. Its tenor IS Indicated
by the gratuitous reminder se eaeA
justice that solemn duty se his eeaaev
try demands that he Danish All
thoughts of recreation WasA TIE ssSae7
involved in two great suits BOW DE-
fore the supreme conrt are aategaaas
ed"
Much speculation is heard as WaSa~
ington as to what will happen 70 the
stock brokers who had the hafdsaoed
to tell the justices what they should
do relative to pending litigation, Law
yers say the letter involves 8 clear
case of contempt. In this connection
attention is called to the fact that
Colonel Roosevelt on more than one
occasion did not hesitate to eriticise
decisions of the supreme court and
other federal tribunals, and that his
statements were ignored 1t is pos
sible that the justices will follow a
similar course regarding the Wall
street brokers'. The court will be in
session tomorrow. If it fails to decide
the antitrust case then, there will be
only one more decision day before it
takes a recess. 1t will adjourn about
June 1 and will not resume its sittings
until early in October.
Recently Wall street has come TO
the conclusion that the two big trust
cases will not be decided until the fall
term and this understanding, undoubt,
edly provoked the letter from the brok
.erage firm. From the Wall street view
point these cases are the most im
portant that have come before the
court since the civil war. Extraordin
ary efforts have been made by the
large and small financial interests to
get advance information of the courts
decision. The predictio mis- freely
made that if the contention of the gov
ernment that the trusts must be dis
solved is sustained by the court a
slump in the stock market will be in
evitable. Wall street has not been
able even to ascertain when the de
cisions may be expected, so carefully
has the court guarded its deliberations
The New York stock gamblers have
not forgotten their experience last
winter when the interstate commerce
commission passed upon the schedules
presenting advances in freight rates
filed by the railroads. Representa-
tives of the large brokerage concerns
passed along the tip that while the
railroads would not receive ali they
asked in the way of increases all they
asked in the way of increases, sub
stantial advances would be allowed
To the dismay of the stock gamblers
who had received this information, the
commission rejected practically every
proposed increase.
Now the street does not know which
way to turn. But it wants action, as
shown by the letter of Bache & Co.
the opinion of the stock gamblers evi
IDENTIFY being that if the worst is to
come the sooner it comes the better
The understanding here is that if call
ed to account the brokers will set w
as a defense that the letter was sent
only to their customers and that they
will emphasize the fact that It was
not mailed to the justices.