| |
| | GREAT EPOCHS IN AMERICAN HISTORY |
 | | This concern was an outgrowth of the famous "Northern Pacific corner" of May 9, 1901, when the disastrous contest between the Harriman and Morgan interests, for ownership of the Northern Pacific Railway, was compromised by deposit of their stock and that of the parallel Great Northern Railway Company in the hands of a holding corporation. |
 | | The court, in its decision of March 14, 1904, found that, "necessarily, the constituent companies ceased, under such a combination, to be in active competition for trade and commerce," and that, independently of overt acts, "the mere existence of such a combination, and the power acquired by the holding company,. |
 | | The Northern Securities victory by no means ended the activities of the Government prosecutors against corporations, tho no subsequent achievement was of equal importance. |
| www.usgennet.org /usa/topic/preservation/epochs/vol10/pg186.htm (1310 words) |
|