Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1912-01-09
SEEKS TO | lSSOlVE
NAVAL STORES TRUST
Government Moves Against
Savannah Concern

Macon, Ga, January Suit was
filed in the office of the Clerk of the
U. S. Court here today by Assistant
District Attorney Alderman, to dis
solve the American Naval Stores Com
pany and allied corporations, which it
is alleged control IS per cent. of the
naval stores business of the wo"
are charged with manipulating the
market and controlling prices.
The suit is a bill in equity filed by
virtue of section 1of the act of con-
gress approved July g 1890, entitled
AN act to protect trade and COM
merce against unlawful restraints and
monopOlies," and alleges that the de-
PENDANT corporations combined, con-
spired, confederated and agreed to-
gether amongst themselves and with
divers other persons to your petitioner
unknown to monopolize trade and COM
merce among the several states and
with foreign nations in spirits of tur-
pentine and resin and the products Of
pine forests commonly known as ma
val stores, in violation of section 2 IF
the act of congress approved July 2,
1890, entitled AN act to protect trade
and commerce against unlawful re-
StraintS and mOnODOlieS."
1t is charged that the defendant
trust" controls 70 per cent. of the
naval stores business of the world,
and has so manipulated the market 1t
different times as to reduce the price.
1t is alleged that the trust" operates
in violation of the famous anti trust
law, and has practically subsidized all
competitive companies. The suit IS
directed against the American Naval
Stores Company, West Virginia cor
poration; American Naval StOr
Company, a New York corporations;
National Transportation and Termi-
nal company, New Jersey corpora
ton. Peninsular Naval Stores Com
pany. and the Union Naval Company;
and it is prayed that each of them
be adiudged to be a combination III
restraint of trade and commerce
an ~ the several states and foreign
nations. and that the court adjudga
that each of them has monopo)ized
and has attempted to monOpolize, and
is att Hpting to mOnopolize a part Of
the trade and commerce among the
several states and with foreign ma
tions, end that each of them be &c
strai, ed and enjoined from engagi ng
in interstate and foreign commerce,
or if the court is of the opinion that
the public interest will be better sub
served thereby, that receivers be APP
pointed to take possession of all the
property, assets, business and affairs
of each of said defendants, and wind
up the same. or otherwise take such
course in regard thereto as will bring
about such conditions in trade and
commerce among the several states
and with foreign nations in spirits OF
turpentine and rosin as may be in ac-
cordance with law.
2. That the holding of stock in one
defendant by another defendant b.
| adjudged and decreed to be illegal ant
| restrained and enjoined.
3. That each of the defendants b.
restrained and enjoined from continu
ing to carry out the purposes of tn
above-described combinations, conspir
acies and attempts to monopoliZ
trade and commerce among the sey
}eral states and with foreign nation,
| by the means herein described, or b
any other means, and be required (
desiSt and withdraw from all come,
Ition with the same.
1t is further alleged that the Amet
lean Naval Stores Company, corpC
lratior duly organized and existing III
| der and by virtue of the laws of til
State OF West Virginia, hereinafte
called the parent company" has il
principal Office and place of bushes
lin the city of Savannah, within ii
eastern division of the Southern d