Show WHY THE burlington WAS PURCHASED BY HILL st louis march 19 argument for the northern securities company was re turned by judge young in the united states circuit court at attorney youad took up the reasons why the burlington system was purchased by tho northern and great northern ho stated he would occupy the entire forenoon arsion judge young pointed out that it was essential to the transcontinental roads that should havo some opening to tho manufacturing districts and tho coal eldda of tho middle west how this pur chase would lead to greater trade aud the settling of the vast unoccupied lands of the dakota and montana then lie showed how thi purchase was completed before the idea of common hold ing of tho stock by a single company that at the time as was shown by alic testimony of morgan idill and their associates the purchase ot tho shares ot the northern pacific was such colossal undertaking that it did not appear possible however the raid ol 01 the union pacific interests gain pos ision of tho block on may 9 1900 showed th at somo action was necessary to prevent its recurrence immediately ube quent to this there was a meeting of the representatives of the in which included of the northern pacific and the union pacific whereby ita was agreed that a bolding company should be formed judge young then showed lat tha formation of the securities company had not restrained or monopolized commerce as each road is managed as required by law by a wholly different board diree from that of tho other he showed anat only of the in the great northern and only of anc on atje northern pacific could in any degree bo called competitive that burlington purchase nase abc total on the road would bo immediately increased and that the continuance of this increase could only be assured by a li armonious action ot bolli roads to show the absurdity of the governments claim that this holding of ane eatock bahe northern securities eom pany was to raise the it noted eliat wen if the profits should be increased 10 per cent on branc between competitive points that the net gain to mr hill mr morgan and their associates would be a net pain of not more than per ano o 0 io gain which the northern securities company was formed mr conceded that employed emp loyes bad a right to combine and a right to strike provided ahat such notion wa voluntary on abe part of all concerned was not in breach of contract and was lor lawful purposes but declared that in the present instance all of these elements were absent over one third of the men according to the statements ct the defendants were opposed to a strike strike would bo io violation ot contract and it was ho said an unlawful conspiracy against tho road sir recited abo obligations imposed upon railroads by the interstate commerce law a federal statute and urged that inasmuch as railroads were compelled to accept and carry freight no matter by whom offered and were obliged to offer eual facilities to all connecting lines it was their right to have federal protection in carrying out the provisions of the laws aa the conclusion of sir travon Tra vou argument attorney judson roe to makee opening argument for tho defendants fend ants mr tudson eadd tho attorneys for the railroad had declared that tho did not prevent any man froin leaving the employ of thea wabash he read that portion of the injunction which prohibits the officers of the unions from persuading or coercing the employed emp loyes lo 10 leave ho service of ibe road the tight to resign is the chief hat labor hai but under the wordine of th e the officers of the labor arc prohibited from or suggesting pug gesting to nn employed of the that h e could better his condition by quitting work and tim said was an interference with the of men lo 10 stop work when chose there was lie paid no atten int on the part of two brotherhoods brothe to discriminate against nonunion non union men and such conduct wax not foremen to the policy of tho railroad organizations |