WAR ON TRUSTS.

Wairarapa Age, Volume XXXII, Issue 9657, 23 November 1909, Page 5

WAR ON TRUSTS.

STANDARDjHL CASE. FINIINGS OF THE COURT. ANTI-TRUST ACT VIOLATED. Uiited Pr :S> Associuion -oy cicClric Telegrap Copyright. Received November 22, 8.45 a.m. NEW YORK, November 21. The judgment of the Court of Appeal in the Standard Oil case describes the company as exerting itself to prevent competition between the companies it controls and also to fix the purchase price cf crude oil rates for its transport, and the selling price of products. It prevented, and is preventing, any competition in inter-State and international com • merce in petroleum, and its products between the subsidiary companies, and between these and itself Defendants, the judgment declares, entered into a combination and conspiracy, which is legal (illegal?) under section 1 of the Anti-Trust Act, as monopolising a substantial part of interstate and international commerce, and violates section 2. The judgment enjoins the Standard Oil Company of New Jersey from voting on the stock of defendant companies, and exercising control of and supervising these of holding stock in them. ■ The United States Circuit Court of Appeal, consisting of Missouri Judges, ordered the Standard Oil Company of New Jersey to be dissolved as an illegal corporation. The Government's actiun was directed against the parent organisation and seventy subsidiary branches for conspiracy and monopoly in restriction trade in several States. The Court also enjoined the defendant companies from paying dividends to the Standard Oil Company of New Jersey oh slie!: s*"ock, or permitting any combination vote on such stock. The case goes to the United States Supreme Court. Charges against thirtythree branches were dismissed.