The chronicle=news., 1912-12-02

CONTINUED from Page One.)
Grating force of the combination.
such disposition should be made sub
ject to the approval and decree oi
the court and any plan for the dispo-
sIticn OF this stock must be such as "a
eiiectuaily dissolve the unlawful
com mblnation thus created, The court
shall proceed, upon the presentation
of any plan to hear the government
and defendants and may bring in any
additional parties whose presence
may be necessary 10 II final divis-
ion OF the stock in conformity to the
views herein expressed.
AS to the suggestion made lat the
oral argument by the Attorney Cen
eIal ms to the nature Of the decree.
that one must be entered which,
while destroying the unlawful COM
binntion insofar as the Union Pacific
secured contro! OF the competing line
of road extending from New Orleans
and Calves ,on To San Francisco and
Portland would permit the Union Pa
cIfic to retain the Central Pacific
connection from Ogden to San Fran
cisco and thereby to control that line
TO the coast. thus effccting such n
continuity OF thc Union Pacific and
Central Pacific from the Missouri
river to San Francisco as was CON
templated by the acts Of congress un-
der which they were constructed. II
should be said that nothing herein
shall b. considered as preventing the
government, or any party interest. II
so desiring. from presenting to the
court a plan for accomplishing this
result or preventing the court from
adopting and giving effect OF any
such plan 20 presented.
ANY plan or plans shall be pre-
sentcd to the court wi,hinthrc
months from the receipt of the man
date OF this cour,. falling which. or
upon III. rejection by the court of
plan submitted within such time. the
court shall proceed by receivcrship
and sale II necessary to dispose Of
such stock In such wise as to dis
solve such unlawful combination.
"Thc government has appealed
from the decree which is general
one dismissing the bill. So far ms
concerns the attempt to acquire the
Northern Pacific stock and the stock
OF the Atchison. Topeka and San;g
Fe Railway company afterwards
abandoned. and Il certain interest In
the San Pedro. Los Angeles and Salt
Lake railroad company and other
features OF the case dealt with and
disposed OF by the decree and opin-
ion of the court below. II is suffi-
cient. without going into these mat
tcrs In detail. TO say as to them we
find no reason to disturb the action
of the court below. but for the rca-
sons stated. the decree shall be re-
verscd and one entered In conform
ity to the views herein expressed 30
far MS conccrnh the acquisition of
tn. Southern Pacific stock.
The court instructed the circuit
court TO retain its jurisdiction to see
tina, the decree above outlined is
made cffcctual.
Omaha. Neb.. Dec. 2.--lntcnsc in
terest was shown In railroad circles
relative TO the Union Pacific merger
decision. This was especially true
at Union Pacific headquarters where
officials in many instances forgo,
their lunchcons in discussion OF the
decision.
President A. l.. Mohler was eager
for the details OF the decision but
declined to comment on II. There
was. however. n general atmosphcr,
of relief when the result was known
One prominent official declared |;
would have the effect OF clearing u!
many matters which had been much
speculated upon. lie also asserted
1t would put the Union Pacific rail
road In position to 20 ahead with
many projects which have been held