The Mathews journal. (Mathews C.H. [Court House]) 1903-1937, 1912-02-29
TOBACCO TRUST AT
end OF TETHER
Independent Dealers Are Not Sat
isfed With Plan of Tobacco Dis
solution and Have Appealed
to President Taft to Take
Some Action.

NEW YORK, Feb. 26.-The attor-
neys for the American Tobacco Com
pany Will be obliged to apear before
Judges Ward. Lacombe, Coke and
Noyes in the United States District
court In New York Wednesday morn
ing. when the time limit allowed for
the carrying out of the plan to dis
solve the combine known as the To-
bacco Trust will have expired and give
detailed account OF the process of
dlsintegration. The dissolution began.
Dy order OF the Circuit Court. last
November. after the United States
supreme Court had turned the Gov
ernmentS suit to dissolve the Tobacco
trust back to the lower court with
instructions to ascertain some way of
Company and its subsidiaries that
would conform with the law.
A plan of reorganization was sub
mitteu by the attorneys Of the to-
"acco company and after several
amendments were made by Attorney
ienerai Wickersham il was accepted,
'esplte the violent opposition OF the
independent tobacco dealers
AS result OF this plan OF disin-
tegratlon the American Tobacco Com
pany mas been divided into four sepa-
rate and distinct concerns-the Il. ].
reynolds Company. the American To-
oacco Company. the l. Lorillard To-
bacco Company (newly organized) and
the Liggett az Meyers Tobacco Com
pany (newly Organized). Each has
been completely equipped for the con-
ducting OF every branch of the to-
bacco business according TO the trusts
attorneys. all four are entirely indie
pendent of each other. The r. J.
reynolds Company will continue to
carry on 4 large general business. but
IL VIII not include all the branches.
The Snuff Company
4
been divided into three companies.
two OF them newly organizpd-the
George w. Belme Company. the Wey-
man Il Bruton Company and the
American Snur Company. a new
corporation. the Johnston Tin Foil and
Metal Company. has been organized
and has tahrn over part OF the busi-
ness OF the Conley Foil Company.
Mac Andrews X Forbes. known as
the Licorice Trust, have distributed a
share OF their business To new con-
corn created for the purpose. the
J. S. Young Company. The Ameri-
can Cigar Company has been disin-
tegrated as follows: Ii has terminated
its interest in the American StOgie
Company, which has been dissolved
and IL has sold to the American To-
bacco Company for cash all its in
terest i'm the Porto Rican-AmC rican
Tobacco Company, and the American
Tobacco Company has distributed the
stock so acquired, together with its
own stock in the Porto Rican-Ameri-
can Tobacco Company, to it's common
stockholders. The result of the dis
integration is that the Porto Rican-
American Company has been COM
pletely divorced from the control of
the American Cigar Company, neither
of which now have any interest in Il.
The above-named concerns, to-
gether with the United Cigar Stores
Company and the British-American
Tobacco Company, comprise the four
teen individual concerns that have
emerged from the process of dissolu-
uon which the combine known as the
Tobacco Trust has undergone since
last November. All of these corpor-
ations, with the exception of the new
ones. have been controlled by the
American Tobacco Company. but in
the future the stock will be held by
the common stockholders OF that cor
poratiOn.
At the time that the plan OF disso-
luton was accepted the circuit judges
expressed the opinion that il would
not only serve TO break the combine.
but would also serve to create out of