Show II I STEEL CORPORATION WINS TRUST SUIT SUPREME COURT REFUSES TO r.- r. DISSOLVE THE SO CALLED SO-CALLED CALLED STEEL TRUST Majority Opinion Places Place Seal of Approval Approval Ap Ap- Ap on Corporation the Minority 1 jj Urging Dissolution of Cf Corpo Corporation f and Principal I Subsidiaries r j J I In Washington In In a four to three four three decision deci decI- sion rion on an March 1 I the supreme court refused refused re re- refused re- re fused to dissolve the United States Ste Steel l corporation and it subsidiaries comprising the so called so-called called steel trust The governments government's ts t's long long fought fought suit for tor dissolution of ot the Iron and steel trade combination for tor alleged violation of the Sherman trust anti law was dismissed dis dis- dis missed with absolution for the corporation corpora corpora- Hon tion from all charges Placing the high courts court's O 0 K oil oU the steel corporation were Chief Justice Justice Jus Jus- tice White and ond Associate Justice McKenna McKenna Mc- Mc Ic- Ic Kenna who announced the the majority opinion i Holmes HaImes and V nde anter The dissenting opinion was WRe given by Justices Justices Justices Jus Jus- tices Pitney and Clark Justices Mc- Mc ner Reynolds olds and Brandeis took took no part the former having been attorney general general general gen gen- eral during the litigation and the latter lat 1st- ter having expressed opinions on It appointment to the bench PrImarily the de d decree cr r officially brands brand the tIle corporation as a n good combination with Its Us legality established 1 t f j Further the court held that that preponderance preponderance derance In Industry corporate or-corporate corn com s is not alone alane sufficient cause for their dissolution The court also gave e a n new new and far far- judicial interpretation or ap application ap ap- application o of the Sherman law ous ous' ous to its famous Rule of Reason Rason Inthe in inthe the j Standard Oil and t tobacco bac o trust cases by declaring public Interest must be considered In the law The public interest it was held eld would wa not be served and might be injured by dissolving the steel concern Dissolution of the corporation and its principal subsidiaries was urged urge i In Inthe Inthe inthe the dissenting opinion The minority declared that the trust anti law was violated i that there has hns been open notorious and c continued violation of its provisions and that approval of ot illegally born combinations would practically annul the Sherman law by judicial decree |