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NO. 142.

ECONOMICS AND POLITICAL SCIENCE SERIES, VOL. 1, No. 3, PP. 216-350

A HISTORY OF THE NORTHERN SECURITIES CASE

BY

BALTHASAR HENRY MEYER, Ph. D.

Professor of Political Economy in the University of Wisconsin and Member of the

Railroad Commission of Wisconsin

Published bi-monthly by authority of law with the approval of the Regents

of the University and entered at the post office at

Madison as second-class matter

MADISON, WISCONSIN

JULY, 1906

PREFACE.

The first six chapters of this monograph, embracing about three-fourths of the whole, were ready for the printers in January, 1904, waiting for the decision of the Supreme Court. This decision was rendered on March 14, 1904, but since the first decision did not end the case, the essay was withheld from publication at that time. A summary of it was published in The Railway Age for March 18, 1904, Vol. xxxvii, No. 12, pages 409-412. For various reasons, it does not seem feasible at this time to change those expressions of the first six chapters which clearly indicate that they were written in anticipation of the first Supreme Court decision. The reader is requested to bear this in mind in reading those chapters.

The aim of this history of the Northern Securities Case is to present, in connected form, the leading facts and principles which may have an interest to students of economics, in so far as these principles and facts are contained in the record, briefs, and arguments of the Case. These embrace nearly 8000 pages in all. No attempt was made, excepting a few instances, to go outside of or beyond the statements made under oath by the various witnesses and the interpretations placed upon such statements by attorneys and judges. Several minor litigations connected with the Northern Securities Company have been practically ignored, for the reason that the chief records of such cases were embodied in the documents connected with the larger contest which these pages attempt to describe. A number of the briefer and more noteworthy documents are printed in the appendix to this essay.

B. H. MEYER. Madison, Wis., January, 1906.

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