History for ready reference, Volume 7 : $b Recent history (1901 to 1910)Larned, J. N. (Josephus Nelson)
History
History for ready reference, Volume 7 : $b Recent history (1901 to 1910)
Larned, J. N. (Josephus Nelson)
History -- Dictionaries
COMBINATIONS: A. D. 1901-1906.
A summary of governmental action against corporate
wrongdoers, by Elihu Root.
Legislation.
Litigation.
Court decisions.
"The act creating the bureau of corporations, the act
expediting the trial of trust cases, the anti-rebate act, the
act for the regulation of railroad rates, have made possible
redress which was impossible before. Under the direction of
two successive Attorney Generals of the first order of
ability, sincerity and devotion, in hundreds of courts,
incessant warfare has been waged and is being waged under the
federal laws against corporate wrongdoers.
"The Northern Securities Company, which sought to combine and
prevent competition between two great continental railroads,
has been forced to dissolve by the judgment of the Supreme
Court of the United States. The methods of the Beef Trust in
combining to suppress competition in the purchase of livestock
and the sale of meat have been tried and condemned, and the
trust has been placed under injunction to abandon these
practices by judgment of the Supreme Court. The combination of
paper manufacturers in the territory from Chicago to the Rocky
Mountains has been dissolved by the judgment of the Supreme
Court, and the combination has been abandoned, and the price
of white paper in that territory has gone down 30 per cent.
The Retail Grocers’ Association in this country has been
dissolved by decree of the court. The elevator combination in
the West has been dissolved in like manner. The salt
combination west of the Rocky Mountains has been dissolved by
decree of the court. The Wholesale Grocers’ Association in the
South, the meat combination and the lumber combination in the
West, the combination of railroads entering the city of St.
Louis to suppress competition between the bridges and ferries
reaching that city; the Drug Trust, which suppresses
competition all over the country, are being vigorously pressed
in suits brought by the federal government for their
dissolution. The salt combination has been indicted and
convicted and fined for failing to obey the judgment of
dissolution. The Beef Trust has been indicted for failing to
obey the injunction against them, and have been saved so far
only by a decision that they had secured temporary immunity by
giving evidence against themselves. One branch of the Tobacco
Trust is facing an indictment of its corporations and their
officers in the federal court in New York, and the other
branches are undergoing investigation. The lumber combination
in Oklahoma is under indictment. The Fertilizer Trust, a
combination of thirty-one corporations and twenty-five
individuals to support and fix prices, has been indicted, the
indictments have been sustained by the courts, and the
combination has been dissolved. The ice combination of the
Public-domain text, read in full here on John Shaqi.
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