New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-09-26
TRUSTS TO HAVE CHANCE
Continued from first page.
Reidsv,1Ie. N. C.. and Charles r. Car
ruth, of this city.
"Proqressv on Tobacco Plan.

ruth, of this city.
progress" on Tobacco Plan
The statement made after the confer
ence did not indicate that definite plan
had been decided upon, but that the
case was now advanced TO stage
where IL was hoped that the American
Tobacco Company would work out
plan in the near future and. provided
the plan proved acceptable 70 the gov
eminent. would petition the United
States Circuit Court to approve 1t as far
as it went. so that public hearings might
be had on it.
I'VE have made progress" said Mr..
Wickersham, who has been acting as
the spokesman for the conferrees. we
hope that this will be, the last private
conference necessary. 1t was agreed
that the American Tobacco Company
prepare plan, and upon its receipt the
court will order public hearings
The Attorney General said that no
date could be fixed as yet when those
hearings would take place, and as TO the
time of the submission of plan he also
refused to be definite. though he said
that it could not be expected as early
as next week Then the government
would have to examine II before the pc
tition TO the court could he prepared.
Reports were circulated yesterday
afternoon that the plan would be sub
mitted on October ., but this applied to
a different plan. Counsel for J. +. Rich
ardson, Jr., e. Co. left the conference
first, and when Intercepted on its re-
suit said that plan would be submitted
on Monday. This meant a plan for the
withdrawal of this company from the
Tobacco Trust, and not a general plan
Of reorganization for the whole.
The Richardson company brought ac-
ton against the American Tobacco
Company in 1907 to be released from the
trust, but when the government brought
it's dissolution suit the Richardson's de-
cided to await the decision of the issue.
They greeted the governments victory
az their own, and have been anxious to
regain their independence.
Mr.. Wickersham was asked whether
the plan talked about should be called
a plan Of dissolution. Il would call II
plan of disintegration," he said with
smile, "or, perhaps, plan of justice"
why not call il plan of righteous
ness?" asked Lewis Cass Ledyard who
was standing near by.
Conference on Powder Case.
A brief conference was held between
the Attorney General and Messrs. Wise
and Grim in the office of the federal at
torney, and later Mr.. Wickersham con-
ferred on the powder case A plan of
reorganization Of the E. l. du Pont de
Nemours Powder Company, known as
the Powder Trust in conformity with
the decree Of the United States Circuit
Court for the District of Delaware was
discussed. w. A. Glasgow, jr., special
Assistant Attorney General, who prose-
cuted the case; T. c. du Pont, president
of the company and James NJ. Town
send were present. Later Mr.. Wicker
sham issued the following statement:
The decree adiudged that the defendants
constituted an unlawful combination in re-
straint Of trade and an attempt to monop,,
Ollie interstate commerce in powder ana
explosives, and ordered the parties 10 ap-
pear before the court on October 10 and
submit any suggestions looking TO read
justment or reorganization to establlsh
lawful competitive conditions. At today
conference the defendant company submit
ted certain suggestions looking toward the
formation of q plan Of readjustment NO
conclusion was reached, and the conference
adjourned TO meet at date to be ilNeu
later on.
Mr.. Wickersham explained later that
this was the first trust case that had
come to trial in which the defendants
have apparently decided not to carry the
matter TO the Supreme Court but to
accept the ruling of the court Of trial
Further conferences between the At
torney General and Mr.. Wise Will take
place during the several days Mr.. Wick
orsham expects to remain in New York
Mr.. Wise said yesterday that as far as
| he knew no action against the United
states Steel Corporation was contem-
plated I'm his district. He said that he
HAD enough cases 70 keep him and his
staff overbusy for long time and that
/ Ne hoped If such an action should be
brought II would he filed in New Jersey,
where the steel Corporation was in
| corporated