Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-12-02
HARTMAN MERGER
IN VIOLATION
t-OF SHERMAN
TRUST LAW
Supreme Court Holds Union
Pacific Has No Right to
Vote Stock of Southern Pa.
cific Railroad.
ORDER OF Dissolution
AND INJUNCTION NEXT
my LEASED wlrs to n,sslnu a.r.Id1

my LEASED Wire Co EteBInm HsraIdI
Woshingtnu, Dee, Tho supreme
court todny IN un opinion announced
by Justice bay held thIt in, Union
Pnciilc railroad uompunN b, the ac-
puis'i,on ct stock In the southern Ia
ellie had effected combination n
violation ~ the Shurulu antitrust
law.
Justicc Day rcadng the opinion.
Indicated tull the court would unl,r
q decree T." dissolve the combination
ana also nu injunction to prevent tie
Union Pacific from voting southern
] Pacific stock.
In announcing the ordn,ou Justice
| bay mil.
"vhia court reaches ,Nn dnrisluu
! mat. the Union l'Ipiiir aud Southern
/ Pacific slslrms, pilur to the socK
| purvdn. e., were competitors Engaged IN
J Interstate commerce. ..ting indie
| r,ndruUy as to IL iirp, amount of
! such carrying trade, aud that since the
! J.uE,Sltinn of the stock Ia question the
rpiuIuutiuL power of the t'nion Pnc-
th' has suppressed competition be-
( Dycrh tho systems and has effected u
''Inh.uJtIun In restraint of Interstate
/ commerce. Within the prohibitions of
: IA, ..I
"p ,'d,r 20 enforce tho statute,
! Jh" rour, B., required lu forbid tho do.
, NJ ~ tie future ~ acts llkc thosn
! WcE arc found To- nave hcon dono Ia
1 uulliiuu thereof and to enter a. do
cree which viii cnc. rualIy dissolve tho
B combination found To exist In violH-
, l"u at the statute.
| "Thc decree should provide an IN.
| junction against the Iight To- vote
! this stock whil" IN thc ownership ur
control 81 tho Union Pacific company
on Eny corporation oMnCd nv H. on
v .f;h hctd lJy my c0rlinfdtign ~ TT.Ss
son tor the Union Pacific company Hnd
/ forbid amy transfer or dispuslli0n
| thereof iu sucn wise as To- continue is
| control ana should provide an iniuur-
! ton AGAINST the payment ui dividends
| upon such stocks Nhllu thus h'Iu, uN-
| rupi lu u receiver tu hu appointed uy
| the court which shalt rullrct ana huld
/ nIrd dtyidruds uudispusud ur by tho
! drurro ui IA" court.
| ~ the court urIuW dismissed tho
: governmental bill II was necessary to
/ con ldrr the digpusiriuu u' lhr shares
ur siu.k r,Iurod hy the l'uiru rariliG
! rumprny, which acquisition, ~" huld,
constituted an uuluNiul continuation
! u lluniIun or the Huu-rust set ~
,u,.wully conclude Duo operating
ro'rr Of III" rombtuotluu SUCH dsI,".
/ .iuun should ho made nunIrnl lu lh0
| nppruydl aud drrrrc ur the court ana
/ .n, plan Tor tho disposition uf tins
a.. f....F I. L.
/ Ui..nIlo thu unlawful combination
! lUu3 created. rho court shall ur"'
i,..u ANON tho prr9rulatIuh Of Jht
p'lu q" hear the gu'ulumrnl aud d'.
/ I,udauls, ana may brink In ary Nd
uIluuu parties whose urusru', may
ur necessary lo a. uuul dlNisl"u of lug
sDurl, iu conformity ru ln, ,,,w u,rr.
.u expressed,
"Na iu lu, suggestion m1Ir 90 ih'
Oral lumu,ul us lun attorney E"u-
IcIul us 90 lr,. uIlurr uI lHu drrr', mat
ono must u, entered, which. while d'-
struyiug the mEAu| combination lu
sofar us tho Iu"u rN'rli' .''Ir,d
orntrOl oi the competing r". 's.
tending from NrT Orleans nud i;fl-
weston to San FraucI.r" nud hull'rd
would permit the Union Pacific g." r'-
tain the Central puDuiu connection
rrnm ogden to San rruuris,n .,,,
,n,rrb, tn control ,hn, nm, T., u.
,nost Inns orfrrtInq sicb a conupuin
l,r thr I,uIon puclnr nnd rortrnI p,,.
ipr ,rnur tbo Nissourl river IA sur
r,.,r.r..n. ns vus contemplated bv IN,
.uit nr rourrrss under which mo,
,r,r, constructed II shouid mo snId
that rptIirl,. b,r,,u ghuII he consider.
|.l .s rr.,,utiu, the gnvornncut an
l.uy mart. .u Interest. If 80 desiring,
rrnm pr,.,ninp ro rl, court a pIau
for nrrournsi,Ing ,hI. result or pre-
venting u,,. rnI,Il rnm adapting aud
giving ru,,, of .u. such plan so rrc.
scented.