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Download ebook A History of the Northern Securities Case by Balthasar Henry Meyer, PH.D.

Download ebook A History of the Northern Securities Case by Balthasar Henry Meyer, PH.D.

A History of the Northern Securities Case by Balthasar Henry Meyer, PH.D. by Balthasar Henry Meyer

A History of the Northern Securities Case by Balthasar Henry Meyer, PH.D.
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Author: Balthasar Henry Meyer
Page Count: 42 pages
Published Date: 01 Mar 2012
Publisher: Rarebooksclub.com
Publication Country: Miami Fl, United States
Language: English
ISBN: 9781130222562
Download Link: A History of the Northern Securities Case by Balthasar Henry Meyer, PH.D.
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906 Excerpt: ...restrain competition. Judge Lochren holds directly the reverse. "Let me give you an illustration to make the point of difference clear: A ferry company, organized in Minnesota with a capital of $100,000.00, is operating a ferry-boat between Duluth, in Minnesota, and Superior, in Wisconsin. A Wisconsin company with the same capital is operating a competing ferry-boat between the same points. A person or corporation purchases a majority of the shares of each company. The circuit judges decided that such a purchase, being in direct restraint of competition, is criminal. Judge Lochren holds the reverse." The following parallel readings will afford additional comparisons between the two decisions: 38 M. D. Grover, General Counsel for the Great Northern Ry. Co. P-= V5 OPINION OF TRIAL COURT. (1) According to the familiar rule that every one is presumed to intend what is the necessary consequence of his own acts, when done willfully and deliberately, we must conclude that those who conceived and executed the plan aforesaid intended, among other things, to accomplish these objects. (2) To this end, these stockholders arranged and agreed with each other to procure and cause the formation of a corporation under the laws of the State of New Jersey, which latter company, when organized, should buy all or at least the greater part of the stock of the Northern Pacific and Great Northern Companies. (3) It confers the power to establish unreasonable rates and directly restrains commerce by placing obstacles in the way of free and unrestricted competition between carriers who are natural rivals for patronage. (4) Competition, we think, would not be more effectually restrained than it now is under and by force of the existing arrangement, if the two railroad compan...

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