The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-10-31

Of carrying out the plan should he
brought in as a party to this suit in
order to he subjected to the jurisdic-
ton of the court and bound by its de-
cree"
The attorney general asks that
jeCt to the following conditions, briefly
stated:
The corporations among which the
properties and businesses in the COM
bination are to be distributed for
period of five years shall not have
any officers or directors in common.
These companies shall not have any
stock interest in each other.
They shall not employ the same
agencies for the purchase of leaf to-
hacco or other raw material or for
the sale of tobacco.
They shall not retain or empty the
same clerical or other organization or
occupy the same offices.
No one of them shall hold capital
stock in any other corporation. any
raTt Of whose stock is also held by
any of the other corporations among
the properties of the combination are
distributed.
ITO the end that the % individual
defendants in this suit" the attorney
general continues. shall not increase
their control over any OF the corpora
tons among which the properties and
businesses now in the combination are
TO be distributed pursuant to the plan,
that such defendants he scverally en-
Joined from at any time within five
years from the date Of the decree. ac-
quiring, directly or indirectly the
legal or equitable ownership of any
amount Of stock in any one of said
corporations in addition to the amounts
which they would respectively hold if.
and when, the plan shall he carried
out as proposed"
FURTHER SUGGESTIONS.
The further suggestions of the gov
eminent included the following:
That in the distribution of the
properties and businesses now held
i'm the combination pursuant to the
plan Of disintegra ton. the corporation
shall be allowed to acquire property.
tangible or intangible. which would
invest ii with as much as. forty per
cent in volume or in value of any par
tiCular lire Of the tobacco business.
THAT all covenants in any way
restricting the right of any company
or individual in the combination to
buy. manufacture or sell tobacco or
it's products, should he rescinded by
the affirmative action of the respective
parties thereto who are parties to this
suit"
Respecting the capita llZdIlOn OF Ine
new companies, the attorney general
says:
The questions Of the capitalization
Of the various cOrpCr' .tions among
which it is proposed to distribute the
properties and businesses now in the
combination, as to the distribution Of
assets as between preferred stock
holders and common stockholders, and
as to the amounts offered to be paid
or distributed to the holders of bonds
Of either class or preferred stocks are
submitted to- the court as matters
concerning the stockholders of the
corporations and the, bOndholders, the
government being concerned merely
with the disinte grafton of an illegal
combination and the reorganization OF
competitive conditions under such cir
cumstances and with such safeguards
as will insure the continuation of such
competitive conditions and prevent a
recurrence of the unlawful condition
found by the court to exist in this
case
Finally the attorney general asks
for a general Injunction prohibiting
the re- creation of the combination or
any similar combination.