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Show !0 PREVENT MERGER BjH Filed in U. S. Circuit Court, St. Paul. ,NIUNCTI0N PRAYED FOR PrtCdlnSlluUdnUndCriD'r'C-.ion PrtCdlnSlluUdnUndCriD'r'C-.ion of tho Attorney.Ocn.ral of the mated Stt-ObJtet& to Te.t the Legality of the Alleged Comblnn-,Ion Comblnn-,Ion of the Northern Pacific and Oreit Northern Hallways and Northern Securities Company-Ills. m of Matter at Issuo Set Torth. c, Paul Mnn Mnrch 10.-1 he Oov-,, Oov-,, I k on the lOn.OOO.OOO "m!Lr unties compiny, rcpre-'"..., rcpre-'"..., ih m rgor of the Northern "'T'i .he Oreit Northern rail-S.vas rail-S.vas -." ,otl"y "-' a W" f0r ,n- .m I nil 1 states The mil .n-tltuted In the name of .. a tTtr anil agnlnst Urn lrthern f- urltles company, tho ced illra.H of .1. Plerpont Mor- , Jim J I"11 nnrl nl1 ,1,( '"''tor.i. "i Ml n ..holders of the thic ""iJir involved, ami seeks por-iXlv por-iXlv to r.-tinln them from .airy ft out " Purno of lh0 No" J,',"-y 'irtlon i"" brought In neeorelnnco with .h. nrovlslnii ut the Sherman Antl-Trust Antl-Trust pn-ed July 2. 1810. which J I. Fild to violate and It li sought ','hi'e the me gcr of the Northern ;.Si declared an iinlattfnl comblui- and "".piracy in restraint of "nt petition In the cane la signed by Milton 1 Pur.lj District Attorney for lnf,ota and bs Philander C Knox, iitornei General and John k. Ilieli. rtJ, Solliltoi Heneral of the United ?ute. TACTS RECITED. After rcclllng the fact that the North-,r North-,r FKuilll. , omp my I. a corporal Ion erranlied un. er Iho laws or lh Hlnto ot J Jerses lhat tho flreat Northern ;,:,,,; organised nniler the lawn ot ih.'llle of Minnesota, an.l tho Northern Aria" una. t Ih" law" ot Ihn Btate of ,. Mln nnd .hat tbo two Ul named , inranlis re lominon cnrrlcrs, doing an itiS'l I la '' nd that Iticse ram-ful ram-ful t ' l,rlor '" ,ho ',oln OI lh? I I rompUlnr of own-H, nn.l oi.erale.1 irniHPrte. Indepenilent, parallel anil comicilrir line of railway aggregating c " mtlei In length, Iho petition foes Mt0"nr computing lines They were Iho only transcontinental Urn ot nlla extending across Iho norihtm tier of Mate. west of the limit bike from the Ureal L.ik( anil the Mau lrrl river lo Iho Paclllc ocean ami were trrn enngcd In nellvc competition sltti one nr ithrr for freight anil pns-ienr pns-ienr trifll among the several Stales et inn 1 nil. I Stitei iiml between null date, nnil foreign countries, each system tonne tin? ut lit eastern termlnini not only lih linn of railway but with bike ml rher steimers to other States anil to fnrelun rnntitrlen ami at Its elern terminal with eea going lenfeln tn other fuiee, rerrltorl i and pn"rloii nf tbo InlifiPtu and to foreign lountrlcs. lortMl 11 Dl.AI. C1TK1) That trior in the car 10J the Northern r piKlein uji owned an.l operated by tro Northern iNiclllo Iliillway com-rjnr com-rjnr a cnrporutlon nrganliert nniler rer-liln rer-liln acta nr longre-i that during that leir the, ionipan hrcimn InnoUent and ji plic 1 In Ihn linndn ot a rocelier Mhle In Hit condition awaiting fore, cloturw anil mlo all arrangement a en-tmJ en-tmJ Into ti-tween a majority of the bnr hoi ir ot the Northern 1'ielllo Hall-nay Hall-nay iompan and tho (Jreat Northern RJlmy f-.mpin for n ilrtllal cunaoll-tMn cunaoll-tMn of Ih two and pliulng Hie control "1 the Nerthern IMilllt ajutem In tho tn of Ihn llreil Northern Tlila nr-nnBem.nt nr-nnBem.nt nut niplitiil Ilia foreclosure if the Northern I'icllle In u cnmmlttco of ton.lhnlri r who Mlioiild organize n new cirp r lna tn bo known ua the Nor rn 1 1 lib Rallnay enmpans. Ono-bat Ono-bat ef the eipltHl nloek nf the new com. riny mi tur u I ocr to the Ureat North, era imp-in which In turn waa to ginr. aniee tho hoiu nt tho Northern I'acltlo kailnay r up nj DLICATI'D 11V Rl'PIU'.Mi: COU11T. T'io nrr'lng out nf this arrangement, ny Ihn p tltlon wan defeated by the i in of iho United Htatia Supreme court In the n e nf Prnraall .lgillnut the ureu North rn Hallway compiui), which wde'ldel Mnreh 10. HH In which It -a hell ih t the practical effect would te ihe n lld-Miou nf two parallel and lompetlng ltri" uf rallwiv and the gMng Jo ihe. mfr mi, the (In it Northern .... i- ,m' ,ln, a monopoly of all tljeln the nnnfiern lulf or the Btato of Mlrnr ita wf n, ot n) tri,. wtin t i trifiie north nf tho lines nf the 1 nioi i in, t ,n detriment of the Ml nnrl 1 Intlmi nt the lawa nf the Stile of Mlnne nl i IPIWIMBr OP Ill'llMNOTON. ,'";i.hl,''' 5f1r of 1101, the defend. !"' ,t f.rnt Northern anil Nortlurn J, .,, "iniy mmpanlea. In enntem-f. enntem-f. !"k,l,.u,h" "lllniiile placing of the V,'I;t,K'W "i and Norlhern Pacific e. iimiIj. T ' ommon eourLC of control H!tlVl1' purrhisc of tho tolul capital JlVf. ,h ' hlfngo. liurlluglon & Si , ",,,"" cnnipanv of llllnola. glv. er5 Vr.JJnt I"""1' "f "'o Orent North-t1i.a,N North-t1i.a,N '.th rn Piicin.i Itnllwuv com. '"''. la tin manner the Ureal North-i North-i ard Nirthrrti Pailllc Hallway corn-it corn-it l . t. " ' 'ontrnl of the Mint Hjetem !t;:rinlw,:llw'"iiH"""' im.ulPI I, t'OMIllNATIOV. In er'e f 'L"'!' In l,lr over a controlling thSJih0 "' !lr'" Northern lining dw'.iS.'ie 5,fr ,w"- "'en derented hy a fenl !?. ' """ biipreme court. Iho de-t!"iki,,l,n"" de-t!"iki,,l,n"" J, 'J111 ""1 bl nunocl-ownlne nunocl-ownlne Z1 Mrn Vr 'he "rent Northern. tek ,2, .""trdllng n majority nt Its CL nt defenilnnla. J IMerpont nlrounml hl ! "'.""''ilei.. owning or ltnn , i" ',", "lo eimipiny, entered lira. i ,i V'"1 lomblnallnn or con. MlheN mi""1, n rtal coiwollilatlon "II riiiiii, "' i. Plain rcatnilnt upon tf "''' 'nt rotate and foreign .I,"' rce iiirrl.d on hs them '" l nw ni"ir """"I" to monopn. I" i i . ' '". ""I'Preaa the loih-r loih-r 'ay f;f''fe .xlrtlntc iHlwien ail.l f"reliti i- ,."' In "Him InterHlnto ninl !",lr"n' inuiv '"r"i"0r' "'rough Ihe 1 lna iv.i, anil hv tho iiioina fnl-"" fnl-"" nn, ,i nl. . holding corrmnillon, l r , hf Northern Keeurltlea 10m-"' 10m-"' N ! i . "" r '"led under Ihe laws llilr I . ,wl,lh. " capltiil sloik r n n I wl"ll In ehaligo for Ita m,i ' ' ,', u inn i,rtnln basis "IT an 1 .. V r,,r ' lo bo turned "' e ! mi ."d I bo capital stork, "eek nf i115, '"' ' In tho cnpltal n- i " "r ' .endant railway JSJ7'r-v. .,rKoi.nKRfl h e,i,i ',"""' ."'? ln.IUI.lu.il stork. '" K r iii... " Indepenilent and com-f'lmirar com-f'lmirar i , eoinpunlea werei tn be 5 ' ih k ,,i" rl,filo inmmon slock-.V slock-.V t I i 1"?,r". weitrlilea .ompanj, IS irilbMiin ,.'" ' " "'o merest of '.V ' I ( ,rh,'"l"'",llln,r I" lll 'r0D- "mrnni L"ch,' n, or the two railway I..1" ""I inii , . '."."dnnte. being thus I". "1 'rir-h',"1 '"'ercit m tlin prop. iT1." f.lih'n,1f "'" Northern Be-i,rl''r3or Be-i,rl''r3or '"v 'ho Individual slock. JL" " n ,i,""T!n Paclllc company Stf'tyor Jiru,.",!1"',1'1 .')" bin rest In Iho In. j ,, "."" lliilrdUidenda from Ihe fi,' " iillw.i,Vrlh."n.,.''"o eyatem S!HSrf "-ny'fwerS I" ".r?v",'r ...vim (";rx f'hnl ier, 7nl' '.nles uinl having beoome ,7". nt, ,' ! tbo holding cnrpornlb ."."rnliig1 I,,, heir illvMeniln fro tl,J" trllain iiiv".1 , V''"'. l-illeclcl wn "llu ny tho holding corpora. Nl;r,' """nthr bj inakliig the sloilf - bt rw&r-tiMiii SI '.no ilSSK -H 5? bTV fffl srnfeirruIftj&' In fnr'n V rOM.N 1 OnMP.tl Be'clir .e.r"'corn,nn'n"r"1 .lo th? No?.he"r"n "imnilii VTi." trlhfrn UallUrtJ yniimm iinu tnp nffpfHlniit I Piftrittint ?Srn,.m""r,;5 ' !'" N"rher,i ,11 fn'i enmttan fur meh share nf the nniinl stork nf the Northern Pacini Hallway ".,'!'..',,.' "nA thereatier the Northern Heeurltlia companv offered In the stoek. names" tn'ls'.V.'e 'len',"",i,n., rnllra -K til ''" and exchange Its capital ?k-fr ,h , eil'ltal Mnek of surli rail n,. nnVnles upon the lnsls nf n tnange nforesi ,1 n nther e.msl.1 rillnn sfteiT'W ... T1"" defendint the Northern Securities eompanv Ins tie. 'ir'TCl "(V'i"1"""1 "mount of the sick ,.ii- i defendint -allwav companies. Is sulrg In lieu thereof Its own stock on the basis of exchange afonsnld and Is now holding as nwner and proprietor aiihstan-U aiihstan-U ... all of the capital slnek of the Northern Pacific Itnllwny compsn nrd as com unlit lielleies, a mal.rlt of ne enpi i stock of the flreat Northern CONSOLIDATION KfPr.CTliri Hy reasnn thereof a ilrtuil consnlldi-tlnn consnlldi-tlnn under one ownership and serfe of cnnlrnl the Ureal Northern and Northern I acllte rullwaj sxstems hue effected a (nml.lnatlon or consplrney In restraint ot irsde or lommerce nnning Ihe several Klates and with forelrn nations formeiiy carried on i, the defendant railway compinles Indepmdmtlj and in freo competition, com-petition, one with the othi Ins hei n formed and Is In operation and the do-ferdants do-ferdants are thereby attempting to mo. nopollae and line monopolized such In-terstntu In-terstntu and foreign trade or commerce lo lint great and Irn parable damage ot Ihe people nf the Pulled States, In dcro. titlnn, of their common rights, and In ilolntlon of the act of Congress ot July 2. IHO, entitled "An Act to protect trade and commerce sgnlnst unlawful restraints re-straints and monopolies" STOCK WITHHELD. If the defendint, the Northern Securities Securi-ties cninpnn) has not ncnulic.l n large ioajorlt of the capital stock of ihe cle-aendant, cle-aendant, the (Ireat Northern Hallway con i nn. It Is because the IndM.lual defendants de-fendants named and their associates In the enmhlnntlon or coneplrncj Is charged In this position, or some of them, slate It became appirent lhat Ihe legality nf their corporate del lee for the merger on the stock of competing rollroid lines throtiah the Instrumental!! of a omtral or holding corporation would be neitled In the courts, hive purposelj withheld or causid to ho withheld n lirge amouat of the capital stock of said railway com-runy com-runy from transfer for the stock of the Nnrtbe.n Securities companj and hue I purposely discouraged and prevented tho I trinsfir and exchange of such stmk lor tin slock of tho Northern Sniultles enninny, all for the purpose or cnne.Ml-Inj cnne.Ml-Inj the real scone and object of the un-liiAful un-liiAful enmhlnntlon or conspiracy, nnl of deceiving and misleading Ihe .-bate an.l IViHral authorities and of furnishing i ground for the defense that the Northern Heiurlllcs eompanv does not hold n ilrir mnjorllj of the stock of tbo Oreit North, irn compin, oiuhct sncrniTins companv. 1 he Northern becurltles compnny was not organized In good faith to purchase mid pav for the stocks of the (treat Northern and Northern Pacific com. pnnlcH. It was orgJlilred solely to Incnr-poniu Incnr-poniu the pooling or the stocks of ihe anil conipnnlca and to carry Into clTrt tho unlawful (nmblnntlon nr conspiracy nfoiisnld The Northern Securities com-piinv com-piinv 1 a mere depositor. custoPin, bold, r and tiuitce for the stocks of the Oreat Northern and Northern pieitic companies and Its shares nf stock are but liemflclal ctrtllliatts Issued against said rallioad stocks In designate the Interest of the holders In the pool The North, rn Securities companj docs not have, and never bad, an) capital sulllclent lo war-Tint war-Tint such a stup. ndous operation Its sill scribed capital ftoik wis but MW, ninl Its authorized capital slock o' ll.n. Oi)om la Just sufficient, when all Issued, tn represnit and covir the exchange vnl-lio vnl-lio of anhetnntlnlly the entire stock of the Orent Northern an.l Northern Paelllo Hallwai compnnles upon the basis and at Ihe rate agreed upon which Is about tl.'S.OCCICVi In oxcess nf tho combined enpl tal stock of tbo two railway companies all noAiia may nil Aiisoitnr.D. If Iho (lovcrnment falln tn prevent Ihe carrying out of this combination nr con-'splracy, con-'splracy, not only with a virtu il consolidation consoli-dation nf two competing Irinsionlllieiitnl Une with Ihe pnutlcnl pooling of their earnings be etliited and n mnnopol) or Iho Interstate and foreign commerce for-mcrlj for-mcrlj carried on by them, as miiipet tprs he created and all elTecllio lompetltlon lietwcrn suih lines and earning of Interstate In-terstate and foreign tnftlc bo deslrnvo.1 hut thereafter lo nil clesliInK In use It. an avilliblo method will be presentnl whercbj through the cor) orate i scheme or ilevlcn aforesal.1. Ihn act nt Congress of Jnll 5. 1W. iny he circumvented and set at naught and all transcontinental llnea. Indeed Ihe entile rallwav sstems of the counlrs. may bo absorbed, merged and 10 so hlated. thus pliclng the public at the absoluto mcrcj of the holding corporation corpor-ation ASKS PKHPHTITAI. INJUNCTION, The pellllnn praja that the Northern Reciirltlca iniminn. its stockholdirs of- licers, etc perpetuilly enj lined from purchasing, lotlnir, etc ani of m shares of the inpllal stock of either tho Northern Pacllle or Ureat Northern com-panic!; com-panic!; i and lb... a maniia nri Injunc on mnv Issue ti tiilrbig the Northern rsiruii-tYea rsiruii-tYea coniniK I" recnll and cancel nn certlnci nf . .ock ls.lie.1 hs '",";' K&Y'of-riie'Yapb'n i,,;rr,c,o?n.'.ihfr ft? it.J said rallwav companleti, surrenderlnr return the"rcfir .ho Jerlinoate, ,of 8KIk1fi.,Vnf,vi"lch"hSyrerT1.sn?nPU r."!l "o '.".keif That" .iVdefen.lan.s Ihe Northern Paclllc and the llre.l Norlbein Hallway enmpanes, Ihelr ofpeers, siock liol. U: etc lie Perpetual! . njolne, I fr m In any manner recognizing or accept ng .hft Northern BeciirllTeji comnani I owner nr bolder of any nf t e snares 01 their capital stock," cio Tho petition Is signed M Hon ". Punly. nttorney for ths led Btatca flletrlct nf Minnisola: Pbllindcr C lCnni Atloiney-lleneinl of tbo United StXs. mid John K. Ulchnrda, Solkllot-flencral Solkllot-flencral of Ihn 1'nlted blnlea. |