The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-09-03
REYNOLDS SETS
OUT TO DISSOLVE
HARD COAL TRUST
CONTINUED From First PageI

'Conunued From First PageJ
F. Baker. New York: Edward T!FStoTes-
bury, Philadelphia; Henry C. Prick.
New York; Peter n. b. Widener Phtl-
adelphia; Henry a. du Pont united
states Senator from Delnware: Daniel
Willard. Baltimore: Henry +. Mexican,
and Samuel Dickson, Philadelphia.
Nine Men Responsible. s.
The nine Individual defendants are
declared to be responsible for the con-
tinuance of the combinations and mo-
negotiations embodied in the forma.
ton OF the Reading Holding Com
pany, which is declared to be lin and
of itself combination in restraint
of trade and a monopoly.
The government asks the court to
dissolve the Reading Company's con-
troll OF the Central Railroad Company
Of New Jersey, of the Philadelphia and
Reading Railway Company of the
Philadelphia and Reading Coal and
Iron Company. OF the Schuylkill Navi-s
cation Company, and OF the Whining
ton and Northern Railroad Company.
Dissolution also is sought OF the
joint control by the Central Railroad
Company of New Jersey. and the Lee
high Coal and Navigation Company, or
the Lehigh and Hudson River Rail-
way Company, and of the Lehigh and
New England Railroad Company.
Seek. RenI Dissolution.
In seeking these disso1utions, Attorsf
ney-General McReynolds, who is averse
to the pro-ratc distribution of the stock
of dissolved trust as being inade-s
quate. specifically urges that the stocks
be disposed of under the supervision
and direction of the court to persons
not the stockholders or agents or
otherwise under the control or inf1u-
ence OF the present owners. Pending
/ 10 Il t-,I
that the defendants be enjoined from
voting the stock or from receiving diyi-
dends thereon.
The government attacks contract
between the Central Railroad Company
of New Jersey and the Lehigh Coal
and Navigation Company, by which
they are alleged to be joined in a COM
munity of interest, and asks that the
lease of the Lehigh and Susquehanna
Railroad. owned by the navigation
company, to the Central Railroad Com
pany be Cancelled unless materially
modified so as to avoid restraint OF
trade.
The commodities clause of the Inter
state Commerce act, the government
contends. is being violated by the Read
ing Railway Company in transporting
the coal mined by the Reading Coal
Company. owned by the former; by the
Central Railroad Company of New Jer-
sey in transporting the coal of the
Lehigh and Will5es-Barre Coal Com
pany. owned by the Central Railroad.
and by the Lehigh and Susquehanna
Railroad Company in carrying the coal
mined by the Lehigh Coal and Naviga-
ton Company. and by the Lehigh and
New England Railroad Company in
| transporting the coal of the Lehigh
Coal and Navigation Company In
functions against g continuance OF
these relationships are sought.
Tv f,,- fl,A - a L
oily, the Reading Coal Company Is
charged with purchasing from other
producers from 10000 to 400, 900 tons
of anthracite annually. thereby giving
the coal company control of upwards
OF SIS per cent of the total shipments
of hard coal over the Reading Railway
Company's lines.
Organized by Morgan.
The Reading combination was formed
in 1901 at the instigntion. 1t is declared,
of ]. p Morgan and Company, who had
dominated the company since Its re-
organization in 1896. For the purpose
of extending the power OF the Reading
System from the Schuylllill region,
where 1t long had monopolized the pro-
duction and transportation of anthra-
cite, into the two remaining regions
the Wyoming and the Lehigh-the
Reading Holding Company acquired
majority OF the stock Of the Central
ANoiiiotio Company Vi NEW JcISeS. 1uiS
consolidation, taking into consideration
the Central Railroad Company OF New
jerseys contractual relationship with
the Lehigh Coal and Navigation Com
pany. gave the Reading Company con-
troll OF 60 per cent OF all the unmined
anthracite in Pennsylvania, and re-
suited in the confederation of the rails
road and canal transportation con-
trolled by the interests involved.
The petition in equity. filed by United
States Attorney John c. Swartley, Is
signed by Attorney General Mercy
nolds. G.. Carroll Todd, assistant to the
Attorney General. and Frederic r. Cou-
dert. and Howard Thayer King bury,
special assistants to the Attorney
General.