American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1911-12-07

o. stock In the various Distributes com
pensee ranging from Il per cent. e
maximum 70 m per cent. - q minimum
sxcsgt In the cass Of one small mpan
~ rorto Aican Tobacco company. Il
which they viii hold = per tent. Tn,
twenty nina Individual defendants are on
Joined for thnse yanrs from buying AM
ROCK except from zach other, and thu
oroup - thus prevented from extending
~ contro! during that period. All parties
so the SUIT, and tho new companies who
srs made parties. are snteined perpetual.
y from In any way sKscting any com
usnstion between any OF tho companies
IN violation Of the statute By
way OF resumption Of the old trust. Each
OF ths fourteen companies II snjoined
from requiring stock In any Of the Others.
Az these companies are enJoinsd from
common buying or selling agents. or com-
other.
Size ~ New Companies.
Objection was made by certain inde-
pendent tobacco companies that this set
tlement Was unjust because Il left COM
panies with very large capital In active
business. n hat the settlement that
would be effective to put all on an equal
ny would be = division Of the capital and
plant OF tho trust into small fractions In
az ,hs ,rd.r..n ss.A ~ e".r y. eacn
tcntIon resuits fror . wi.ur1sa ,S.n-
II 10 not Intended thereby 10 preven, ~
accumulation OF large capital In business
enterprises In which such q combination
can secure reduced cost Of production,
sals ana distribution. II II directly
against such an aggregation Of capital
only when its purpose IL that OF sitting
competition. enhancing or controlling
prices and establishing . monopoly. II
we sinai have BY the decree defeated these
purposes and restored competition be-
tween the large units into which the cap
itai and plant nave been divided. we
shail have accomplished the useful pur-
pose OF the statute.
C~onNscatIon Not the purno.s ~ ths
e.-.
csstuss'
II II not ths purpose Of the statute 10
connscate the property and capital OF the
OFFENDING trusts. Methods Of punishment
~ nne or imprisonment of tho Individual
Offenders. by fine Of the corporation, or
by forfeiture Of its goods In trausporta-
ttop. are provided. hut the proceeding in
equity In q npecino remedy To stop me
of the trust by injunction
prevent ths future uae Of the plant and
capital In violation Of the statute.
venture TO say that not In the historv
Of American law has a decrce more 81
for such . purpose been eutcred
by q court than thai srsinst ths Tobacco
So""0n'ssoe~ Ownersnip.
800 s..oH'e tnAt tne present.
g.. ""'.."v ;"
~ -. ' .S.-""s -e.en"o'uV's
M 49," "a son.nuanco
- NV v".o.o ~ 'ne
r"ps",os '"'c wn'cn snc trust mas oy
>@ v lniR "
sars~~ \" IT," ~ sssumoo m
,r.sI.,. ~" :. y'aio,., =.
- e1v enJo'"eo
LII sv,opsrs'on OF co"'o,nauon they
hss,r~ ara s.is. ..sn 1s ~ pu,
ns.,nh nno sn'es aken.ss ~ au or any
nto the thoussnas' st,emns to ssc"rs
occ.rs.a .c,tc. - a. 49,. -.s
lew ~ ~. cnn,sn, - ~. ~.
,u,nhsr q. - ,.r.s ,hs, 80 -
r,,fa nj all A.. .~... - S
cavar. "a an H. n.s,1a ~ ,,n
! ara. s,h@sn, ~ aa,s 'us.aW
ma lmnr,sonmsn, ~ : .mnsmsrv cnara.
- III. ,,n,na,,.. s
~, ~" III, nsaa ~ ~ vaesvn.
~ ~ 49, sssNs"y os
- - IT,. [ '.e" man
: th.r. ~,,,i ~ sa,s,,,v ~. = .snvw
~ .,a.aaua .''"pa"y
VIII tnsv,,ah,v ,.aa ., ~ ~
...hn :" 49, ~. w" vn"nke "
,,. NY 800 ~ W oppor
w., N""'""'" s'o""o" must
for Repeal Of the Anti Truet
Law.
/, be- ensc,iv. FOR the Observation-Disclosures, 81
no purpose OF Its enactment. we are met
y = cry from many different quarters
,r lis repeal IL is said TO be obstructive
I business progress. to BE- an attempt TO
'rtore otd-faxhioned methods Of do
'ruetive competition etween small units,
nd to mako Impossible those useful COM
nations OF capital and the reduction OF
10 cost OF production that are essential
} onunusd prosperity and normal
In the recent Nd~ecisions the Supreme
ourt makes clear that there 10 nothing
the statute which condemns combina-
ono OF capital or mere etxness Of plant
Pxauissd to secure economy In produc-
on and . reduction OF tts cost. II IL only
hen tho purpose or necessary effect Of
10 eesani.asion ead maintenance Of the
or the aggregation Of i'm
ems. .'.s are the ssin,ns Of composition
w EA ~ G1 SIX 0H1 AMI