New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-03-07
M'REYNOLDS DECLARES
FOR ANTITRUST LAW
Will Enforce 1t ImpartIally, he
Says, After Taking Oath as
Attorney General.
FEW CHANGES IN OFFICE
Devotes First Day to Consider
ing Revision of Plans for Dis
solution of Union. South
ern Pacific Merger.

Washington. March 6.-Retision OF the
plan for dissolying the Union Paci1c-
Southern Pacific merger TO overcome the
objections OF the California railroad
Commission was considered to-day by At
torncy General McRcynolds and repre-
sentatvcs of the railroads.
No definite result was accomplished. and
the negotia tons will De continued. By
the mandate of the Supreme Court order
ing the dissolution under he sherman
law the revised plan must be submitted
TO the district court by May 10 unless a
receiver is 10 be appointed 20 take charge
of the properties.
Robert :. Ioveti. y. =. LOOMS. Max
well l;var;s and ". i. iicrrin represented
the railroads at to-day's conference with
The Attorney General and Solicitor Gen
cral Bulltt.
Mr. McRcynolds. who took The oath Of
office this morning. occupied practically
the whole day considcrine the intricate
dissolution problem. Asked for state
ment on his antitrust policy he simply
said;
The sherman law will be enforced i'm
partially"
The new official indicated that he would
not make any sweeping changes among
officials of his department. expressing the
hope that most of the force would remain.
lie has appointed as his private secretary
Frank Cole OF New York. who served Ia
the same capacity undc- Attorney Gen
eral Wlckersham.
Interest in The Hartman lines dissoiu-
ton was transferred TO Washington yes
tcrday with the departure OF Robert >.
I.ovctt. chairman of tire Union Paciiic
board. and Maxwell Evar,s. chicf counsel
for the Southern Pacific. Tor conference
with the new ATTORNEY General. Various
rumors were current as 10 the attitude
that the present Department of Justice
would assume toward the Nickersham
plan. but nothing of definite character
was forthcoming. one rImor was 10 IN"
effect that Attorney General McEcynolds
would demand al entirely new plan. oU'
this report was not taken seriously. be
cause Il is now believed mat this must be
done. % view Of the decision Of the Ca,i-
foruia Railroad Commission.
II became known Yesterday. contrary 20
The general Impression. that In" compon-
eation for the Union Pacihc's use Of the
Ben!cia cutoff was not included ~ the
price 10 Dee paid the Southern Paclhc Tor
tho Central Pacific stock. THIS matter
Was taken up after the Central Pacific
sale had been agreed Oh. For tho use o.
tnis cutoff the Central Pacific agreed 10
pay an annual rental OF - Jcr cent on
tho value o! the property ana "ny Subse-
qucni improvements thereto. payments to
be made scmi-aEnuaiiy
Regarding the suggestion tina. tie Cen
trail Pacific might be leased instead Of
sold "a the Union Pacihc. u southern Pa
cinc official said this would not solve tne
difficulties. az a sale would differ from a
lease only in that the 3aymen- would be
spread over number of years. II also
was pointed out that II the California
commissions objections cannot otherwisc
be met the Central pacihc's ownership
can be lott with the southern Pacific. II
Attorney General McReynolds consents.
and IN THIS case the traffic relation 81 the
TWO roads would centre iu al Interchange
az ogden. as before the merger ~ i@".