Salt Lake Tribune | 1913-03-04 | Page 3 | Attack Made upon the Thread Trust

TTACKMADE UPON i VHE THREAD TRUST oS IRENTON, N. J March 3. Tho so bijled thread irust was attacked by the q oral government in a civil antitrust if filed licrc today seeking the dis30-Dn dis30-Dn of tho alleged attempted monop- m fky the Coates interests of Great 3 tain of tho thread trado of the Unit-States, Unit-States, includiiij; that of the Aracri- uj ifflireiid company, itself a consohda- z.$ it,oi' fourteen American companies. 7T ndcr the domination of J. and P. tcs, limited, of Great Britain, it is t Red that the interstate and foreign a lad trade in this country has been re-Sited re-Sited by combination aud unfair petitivo methods. The court is ail sd to order the disintegration of all a rcoinbiiiations in this country cou- Jed b- the Coates into such units fun ivill restore competition and to roil ro-il In the continuance of unfair cotn-w cotn-w tive methods alleged. 31' necessary W iccoinplish this result the court is Ml to appoint u receiver for the tp'l forties. Jr thong- the defendants are tlie Anicri-Thread Anicri-Thread comnanv (N. .7.); the bod agencv (N. X) ; the Spool Cot- Si "company (N. J.); the Clark Thread panv (N. .1.); the Clark Mile-End jl Cotton company (2Sr. J",): George 1CV :inrlc & Brother (N. .r.) ; J. and P. t'es. Inc.. (Rhode Island); James "s flwick & Brother, limited (Great a :ain). and -T and P. Coates, Iim-j Iim-j VGreat Britain). Ji ae petition, siyned b.y Attorney pral Wickcrsham and James A. ji ler, assistant to the attorney ten- V f?ws filed by United States Attor- "V VVreclutid. mises to Be Good. 3TROIT, Mich., March .'! A civil ijt ;trust suit Illeil here today by order a ittorney General Wickcrsham, charg-p charg-p tlic Burroughs Adding Machine com- f with monopolizing interstate and Fr. Ign trade In adding machines and 0t' tances, was followed Immediately by git tentry of an agreed decree terminating "? red unfair practices to stifle cornpeti- l lc 55,noo,000 company was ordered to ruct Its agents In writing to desist Srjl v Interfering with competitors, and Wip, prbldden to ncquiro a controlllns In-' In-' at In any competing concern without fl fconsent of the court.