The evening world., 1911-10-31
FEDERAL APPROVAL
GIVEN TO THE PLAN
OF TOBACCO TRUST
Wickersham Ignores Pleas of
Independents in Giving Sane
ton to Reorganization.
AGAINST RECElVERSHlP.
Assistant Attorney-G General Nc
Reynolds Expected to
Leave Case Now.
AGAINST RECElVERSHlP.

When Acknowledgement Wlckersham
concluded an hour and a half speech
this afternoon In the United states Cir
cult Court by saying the Government
approved the plan OF the Tobacco Trust.
with some notifications, gloom settled
OH the faces OF the arm of counsel for
the Independents. Special Assistant At
t-orney-Generai James c. M~cReynolds
had not a word 10 r,y. and as his chief
sat down he sthlked ou, OF court. Asked
about Mr.. wickersham's speech. he said:
HE is speaking for the Government
not for me-"
II wal said about the Federal Buiid
lag this afternoon that Mr.. Wicker.
sham's practical acceptance OF the To-
bacco Trusts plan meant that Mr.. Nc
Reynolds would Immediately withdraw
from the case.
AZ a result Of Mr.. wickersham's ar
gument. In which he ignored all the
pleas Of the independents. II Is the be-
lief among those who hive been fol-
lowing the case that the Court will ap-
prove the plan with some notifications.
DRAkpEis OPEN IN oisAPPolNT-
MENT OVER PLAN.
Louis d.. Brandeis was o~utspoken In
his disappointment.
1T means.' he said. that the Inde-
pendents will have to continue fighting.
Instead OF having TO compete as In the
past with one great trust. We will have
TO fight four big trusts. The trusts are
10 be left as free ~ they have been In
the past to resort 90 methods Of unfair
competition. There Ia no such thing as
fair and honest competition undyer the
plan outlined BY the Attorney General
at will be Q tremendous calamity Ia
the Industries Of this country II some
means cannot be found to reor ganlze the
tobacco combination BY avoiding the
ruin and wreck that will be certain 70
follow q receivcrship." was the argument
Of Attorney General wickersham.
'I,eallxinx the gravity Of the situa'
tlon which confronted the Government
and the Court In this Gaze the At
torney-G General continued. Il have don't
all In my power to aid In bringing about
q new condition without rssort to a re-
cetvership. and I have conferred ire
Quentiy with Yout Honors and counss
for the defendants to tina end.
II would have been entirely untrue
70 my trust II I had failed to take thai
View OF this case and extended my
powers toward that end
DE Lancey Nicoll. speaking to-day for
the plan, charged that the real object
OF the independents was to throw the
trust into the hands Of a receiver.
NO plan that we suggest viii NEE,
with their approval" he declared. "Theli
real purpose IL TO briag about a re-
cetycrsaip. Our competitors wish to
crush U.s.
"why should not your competitor,
wish to crush your asked Judge Noyes
"Yes. but they Should be fair abou'
ths.r opposition to our plan." continued
Mr.. Nicoil. They have submitted 4
plan 20 fanciful and impractical that 4
cannot be considered. All that the,
want 10 chance to grab from thu
auction block some OF the good thing
and brands Of the American Tobacco
Company"
Joseph II. Choste, ret %resenting the
.per cent. bondholders. announced thij
afternoon that II there was incorpo
rated in the REORGANIZATION plan tn
s~uHEestion OF Attorney-General Wicker
sham that the Government be granite
the right to appeal 10 the Court for fur
Their relief at any. time within Ave years
none OF the bondhoiders would consen
to the dissolution plan. and that |
surely would fail.