OCR Text |
Show MERGER MOID Decision Against Northern Securities. Se-curities. St. Paul, Minn., April 9 -The United States Circuit Court of Appeals Vxlay at noon handed down a decision in the. suit of the United States against the North ern Securities company, enjoin-! enjoin-! ing the company from voting the stock of the Great Northern or 'Northern Pacific Railway com-jpanies, com-jpanies, but allowing the return of such stock as had been delivered to that holding company The opinion was unanimous, all forjudges for-judges concurring but the opin- ion was written by J . i hayer. "A dtcree in favor of the United States will accordingly be entered to the following effect: "Adjudging that the stock of the Northern Pacific and Great Northern railway companies now held by the securities company com-pany was acquired in virtue of a ' combination among the defend-' ants in restraint of trade and commerce among the several slates, such as the the anti trust actdenounced as i'lega I; enjoining enjoin-ing the securities company from acquiring or attempting to.ac-quire to.ac-quire tui ther stock of either of said companies; also enjoining it from voting sucn stock at any meeting cf the stockholders of either of said railroad companies, compan-ies, or exercising or attesting to exercise any control, direction direct-ion or supervision of influence over the acts of said companies or either, of them by virtue of its .holding -such slock; enjoining the Northern Pacific and Grea Northern companies respectively, respective-ly, their officers, , . directors and agents, from permitting such stoik io be voted by the North- ern Securities company or any of its agents or attorneys oA its behalf at any corporate election for directors or officers of either of said companies, and likewise enjoining them from paying any dividends to the securities company com-pany on account of said stock, or permitting or suffering the se curities company to exercise any control whatever over - the corporate cor-porate acts of said companies or to direct the policy of either; and, filially, permitting the securities se-curities company to return and transfer to the stockholders of the Northern Pacific and Great Northern companies any and all shares of stock of those companies com-panies which it may have received re-ceived from such transfer, and assignment to such person or persons as ae now tne holders and owners of its stock originally original-ly issued , in exchange .fcr the stock of said companies." |