The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1911-12-05
President Sends Annual
Message to Congress
CONTINUED from Page one)
Force and Effectiveness Of Statute a
Matter Of Growth.

Forcs and Effectiveness of Statute a
Matter Of Growth.
We have been twenty-one years
making this statue effective for the
purposes Tor which II was enacted.
TIE Knight case was dlscouraglng
and feemed % remit to the states the
whole available power to attack and
suppress the evils Of the trusts
Slowly however the errors Of that
Judgment was corrected. and only IN
fhe last three or four years has the
heavy hand Of the law been laid upon
The great Illegal combinations that
have exercised such an absolute do-
minion over many of our industries
Criminal prosecutions have been
brought and nsmber are pending
bui iurles have felt averse TO convict.
ing for iail sentences. and judges have
been most reluctant TO impose such SEN
teHces ON men Of respectable standing
IN society whose offense has been
regarded as merely statutory Still.
as the oiiense becomes better under
stood and the committing Of It par
takes more OF studied and deliberate
defiance OF tho law. we can be conf
dent that iuries Will convict individ-
uals and that iail sentences win be
imposed
The Remedy In Equity BY Dissolution.
In the standard on case the SUI
nreme and circuit courts found 'the
combination to be a monopoly of the
interstate business OF refining. trans
porting. and marketing petroleum end
It's products. effected and maintained
through thirty-seven different cor.
porations. the stock of which was
held BY a New Jersey company. II
In effect commanded the dissolution
Of this combination. directed the
transfer and pgo-rata distribution by
the New Jersey company OF the
stock held by Il IN the thirty.seven
corporations to and among its stock
holders. and the corporations and in.
dividual defendants we're enioined
from conspiring or combining to re-
store such monopoly; and all agree
ments between the subsidiary corpor.
ations tending to produce or bring
about further violations of the act
] were cnjoined
| IN the Tobacco case, the court
found that the individual defendants
twenty-nine in number. had been en-.
gagged 10 a successful effort TO ac.
quire complete dominion over the
manufacture. sale. and distribution OF
tobacco in this country and abroad
and tnat this had been done BY com
binations made with a purpose and
+ effect to stife competition. control
/ prices. and establish monopoly. not
only IN the manufacture Of tobacco
but also Of tinfoil and licorice used
IN IT'S manufacture and Of It's products
Of cigars. cigarettes. and snuffs The
tobacco suit presented far more
complicated and difficult cane than
the STANDARD on suit for a decree
which would effectuate the VIII OF the
court and end the violation OF the
stntute There was here no single
holding company as IN the case Of
the Standard OH trust The mair
company was the American Tobacct
company. a manufacturing. selling
and holding company The plaf
adopted 10 destroy the combination
and restore competition involved the
redivision OF the capital and plant,
Of the whole trust between some o
the companies constituting the trust
and new companies organized for the
purposes Of the decree and mad.
parties to II. and numbering. new ant
old. fourteen.
Situation After Resdlussmsnt.
The American Tobacco compan,
(oldl radiusted capital. 1000 600,
the Liggett and Meyers Tobacco com
pany new capital. s6700OO0O: Ia.
/ P Iofillard company new capital
s4To00000, and the r. J. Reynolds
Tobacco company lold1 capital. 81.
h25.0o0 are chiefly engaged In fhs