Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-07-01
HARTMAN COMBINE ENDS.
Final Decree Approved in Plan for Dis
solution of Pscifics.

ST. Paul, July Federal Judges
Walter H. Sanborn, William C. Hook
and Walter l. Smith, sitting as the
district court of the United States for
the district of Utah, late yesterday APP
proved the plans agreed upon by At
torney General McReynolds and attor-
neys for the Union Pacific road and
the famous Union Pacific Southern
Pacific merger. known as the great
Hartman combine. practically came to
an end. The decree signed today Will
become effective with its filing in the
federal court at Salt Lake City, Titan,
which probably will take place next
Wednesday or Thursday. With the
handing down Of the decree today,
years of litigation came to an end, the
first suit of the government to dis
solve the merger having been filed at
Salt Lake City in 1908.
The decision today came as sur
prise There was a brief hearing this
morning, at which the government was
represented by G. Carroll Todd, special
assistant to the attorney general, and
the Union Pacific by n. H LOOMS and
H W. Clarke.
Then the court took the case under
advisement. number of times calling
IN the respective attorneys to question
them further concerning the plan. put
there was no hint that decree would
be given.
Shortly after o'clock Judge San
horn, presiding, called in the represent
alive attorneys and announced that the
court had decided to enter final de-
cree, approving the plan as presented
by the attorney general and the Union
Pacific counsel, with practically but
one exception.
This exception was the naming of
Louis c. Krauthhoff of New York City
as a commissioner of the court to see
to it that the letter and spirit of the
plan is carried out. The court also d.
rected him to report to it from time
to time.
In brief the plan, which had the ap-
prevail Of President Wilson. presented
by the attorney general and counsel OF
the road. and approved by the court
provides that the Union Pacific shall
exchange $3S, 100000 OF its s126, 100000
holdings in the Southern Pacific for the
Pennsylvania railroad entire holdings
in the Baltimore Ohio-virtually an
equal amount; that the remaining $685.
900 900 shall be sold to the general pub
lie thru the Central Trust Company
Of New York; that no present Stock
holders in the Union Pacific. continu-
ing as such, may buy any Of the. South
ern Pacific stock so sold; that the
transaction should begin sept. 1, 1919
and If not completed by Jan. l.. lslS
the court should direct the disponuon
of any Southern Pacific stock remain
ing unsold
| BY the decision today the court dis
regarded the desire Of the attorney
general that final decision be withheld
for the interposing Of objections py
interested parties, to which portion OF
the attorney generals plan Mr.. LOOMS
made objection at the hearing today
as unfair to the road The attorney
general also had asked in this connec-
ton that there be publication OF the
nlan as in the American Tobacco Com :
many case. calling the attention OF IN
| terested parties that objection mlgnt
be made, but this also was overruleo
by the handing down OF the decree oS
the court.