A History of the Northern Securities Case
University of Wisconsin, 1906 - Consolidation and merger of companies - 349 pages
"The federal case against the Northern Securities Company was brought to enjoin the violation of the ... Sherman Antitrust Act and section 5 of the Interstate Commerce law"--Page 259.
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acquired action adopted agreement amount Anti-Trust Argument authorized board of directors bonds Brief Burlington capital stock cent certificates charter circuit court combination commerce common stock competing lines competition congress connection consolidation constitution contract corporation decision decree defendants deliver distribution dividends effect equal executed exercise exist expressed facts Harriman held hereby Hill holders holding incorporated individual interests interstate commerce issued January Jersey judges Justice lines majority March meeting MICHIGAN Minnesota necessary North Northern and Northern Northern Pacific Railway Northern Securities Company operation opinion organization owner Pacific Railway Company paid pany parallel parties person preferred stock present president purchase question Railroad Company rates received represented respect restraint retirement road shares statement stockholders suit supreme court Testimony thereof tion trade traffic transfer Trust Company United violation vote York
Page 284 - Commerce, undoubtedly, is traffic, but it is something more, — it is intercourse. It describes the commercial intercourse between nations, and parts of nations, in all its branches, and is regulated by prescribing rules for carrying on that intercourse.
Page 225 - Jersey, or of any other state, territory or country; and, while owner of such stock, to exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Page 307 - ... Any corporation may purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of the shares of the capital stock of, or any bonds, securities or evidences of indebtedness created by any other corporation or corporations of this or any other state, and while owner of such stock may exercise all the rights, powers and privileges of ownership, including the right to vote thereon.
Page 309 - Any officer elected or appointed by the Board of Directors may be removed at any time by the affirmative vote of a majority of the whole Board of Directors.
Page 287 - Great cases like hard cases make bad law. For great cases are called great, not by reason of their real importance in shaping the law of the future, but because of some accident of immediate overwhelming interest which appeals to the feelings and distorts the judgment.
Page 306 - County of Hudson. The name of the agent therein and in charge thereof, upon whom process against the corporation may be served, is Hudson Trust Company.
Page 310 - ... and to direct and determine the use and disposition of any surplus or net profits over and above the capital stock paid in; and in its discretion the board of directors may use and apply any such surplus or accumulated profits in purchasing or acquiring its bonds or other obligations, or shares of its own capital stock, to such extent and in such manner and upon such terms as the board of directors shall deem expedient...
Page 307 - To purchase, hold, sell, assign, transfer, mortgage, pledge or otherwise dispose of shares of the capital stock of any other corpora tion or corporations, association or associations, of the State of New Jersey, or of any other State.