Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Northern Securities Company


Related Topics

In the News (Mon 28 Dec 09)

  
  NORTHERN PACIFIC RAILWAY. The Columbia Encyclopedia: Sixth Edition. 2000   (Site not responding. Last check: 2007-10-08)
The Northern Pacific Railroad Company was chartered by special act of Congress in 1864, and construction was begun in 1870.
The Hill-Morgan group secured control, but an agreement between the two groups resulted in the organization of the Northern Securities Company, a giant holding company that controlled the Northern Pacific, the Great Northern, and the Chicago, Burlington and Quincy.
In spite of the breakup of the Northern Securities Company, a proposal for a very similar merger was made by a consultant for the Interstate Commerce Commission in 1921.
www.bartleby.com /aol/65/nr/NrthrnPR.html   (268 words)

  
 [No title]
The companies remain distinct; the stockholders are not the corporation; each company is just as much subject to all the requirements of the law as though its stock-holders were entirely different.
Those who were stockholders of the Great Northern and Northern Pacific and became stockholders in the holding company are now interested in preventing all competition between the two lines, and, as owners of stock or of certificates of stock in the holding company, they will see to it that no competition is tolerated.
The mere existence of such a combination, and the power acquired by the holding company as its trustee, constitute a menace to, and a restraint upon, that freedom of commerce which Congress intended to recognize and protect, and which the public is entitled to have protected.
homepages.udayton.edu /~alexanrs/361NorSec.html   (4929 words)

  
 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)

  
 Great Northern Railway Looking Back 1905   (Site not responding. Last check: 2007-10-08)
The Great Northern is said to be having built eight of the handsomest observation cars that ever traveled rails for use on its Overland Flyer from St. Paul to the coast.
The cause for increase in defective rails is said to be the desire of the steel manufacturers to secure economical operation and enlarged output.
Company H, of which he was a member, will attend the funeral in full uniform.
www.trainweb.org /gnry/lookingback/lb1905.html   (4332 words)

  
 Foxmeyer Health, CASE NO. 3-96CV2258-T, Securities Class Action Complaint
The Individual Defendants, because of their positions of control and authority as officers and/or directors of the Company, were able to and did control the contents of the various quarterly and annual financial reports, press releases and presentations to securities analysts pertaining to the Company.
Excluded from the Class are defen- dants, the officers and directors of the Company at all relevant times, members of their immediate families and their legal repre- sentatives, heirs, successors or assigns and any entity in which defendants have or had a controlling interest.
In particular, the Individual Defendants had direct and supervisory involvement in the day-to-day operations of the Company and therefore, are presumed to have had the power to control or influence the particular transactions giving rise to the securities violations as alleged herein, and exercised the same.
securities.stanford.edu /1001/FOX96/001.html   (6203 words)

  
 Northern Pacific Railway - Wikipedia, the free encyclopedia
Northern Pacific stock was quoted at $150 a share on May 6, and is reported to have traded as much as $1,000 a share behind the scenes.
Northern Pacific was known for many firsts in locomotive history and was a leader in the development of modern supersteam locomotives.
The 4-8-4, known as the Northern on many railroads, was first built by Alco in 1926 for NP and designated class A. The 2-8-8-4, called the Yellowstone, was first built for the NP by Alco in 1928 and numbered 5000, class Z-5, with more built by Baldwin Locomotive Works in 1930.
en.wikipedia.org /wiki/Northern_Pacific_Railroad   (3995 words)

  
 NORTHERN SECURITIES CO. v. U.S
The stockholders of these two competing companies disappeared as such for the moment, but immediately reappeared as stockholders of the holding company, which was thereafter to guard the interests of both sets of stockholders as a unit, and to manage, or cause to be managed, both lines of railroad as if held in one ownership.
Railroad companies, we said in the Trans-Missouri Freight Association case, "are instruments of commerce, and their business is commerce itself." And such companies, it must be remembered, operate "public highways, established primarily for the convenience of the people, and therefore are subject to governmental control and regulation." Cherokee Nation v.
However that company may have acquired for itself any stock in the Great Northern and Northern Pacific Railway companies, no matter how it obtained the means to do so, all the stock it held or acquired in the constituent companies was acquired and held to be used in suppressing competition between those companies.
www.tourolaw.edu /Patch/Northern/Harlan.asp   (8727 words)

  
 Northern Financial Corporation - Current Press Release
Northern may, directly or indirectly, depending on market and other conditions, acquire beneficial ownership of, control or direction over, additional common shares, through market transactions, private agreements or otherwise.
Northern intends to vote against implementation of the proposed arrangement under the Canada Business Corporations Act involving the proposed acquisition of Comnetix by L-1 Identity Solutions, Inc. ("L-1"), due to the inadequate consideration proposed by L-1.
Northern may take other measures to oppose the proposed acquisition by L-1 such as, without limitation, soliciting proxies from Comnetix shareholders for the purpose of opposing the proposed acquisition.
www.nfc.ca /press/current.asp   (207 words)

  
 The Northern Pacific -- Main Street of the Whole Northwest
From 1870 to 1873 the Northern Pacific’s crews pushed the railheads from Duluth, Minnesota, to Bismarck, Dakota Territory, in the east, and from Kalama to Tacoma, Washington Territory, in the West.
The road helped pioneer the 4-8-4 Northern type steam engine, the 2-8-8-4 Yellowstone, and was among the first railroads in the country to adopt the widespread use of diesel power beginning with General Motors' FTs in 1944.
The Northern Pacific's premier passenger train, the North Coast Limited was among the safest and finest in the nation.
www.employees.org /~davison/nprha/first.html   (6693 words)

  
 Nortel Networks Securities Litigation - Bernstein Litowitz Berger & Grossmann LLP
Securities fraud class action on behalf of persons and entities who purchased or acquired the common stock of Nortel Networks Corporation ("Nortel" or the "Company") during the period from April 24, 2003 through April 27, 2004.
The total consideration being paid by the Company to the two investor classes is comprised of $575,000,000 in cash, plus 14.5% of the current equity of the Company (628,667,750 million shares).
The Company is currently under investigation by the Securities and Exchange Commission, the Ontario Securities Commission and the United States Attorney's Office for the Northern District of Texas, Dallas Division.
www.blbglaw.com /cases/nortel_securities.html   (1201 words)

  
 The Railroad Builders by John Moody,1919
The outstanding dramatic event in the story of the modern Northern Pacific was the famous corner which occurred in the spring of 1901 as a result of a contest between the Hill and the Harriman interests for the control of the property.
The contest resulted in the formation of the Northern Securities Company, a corporation of $400,000,000 capital, devised as a holding company under the joint control of the Hill and Harriman interests, for the purpose of retaining a majority of the stocks of the Northern Pacific and the Great Northern.
The Northern Securities Company was designed to harmonize all interests and to keep the control of the Burlington property jointly in the hands of Harriman and Hill.
www.cprr.org /Museum/Railroad_Builders/Railroad_Builders_07.html   (2397 words)

  
 Northern Securities - Investment Banking
Northern Securities has recognized expertise and experience in managing corporate recapitalizations and voluntary restructuring, providing a balanced, cost-effective, objective perspective on recapitalization needs and financial restructuring opportunities.
Northern's interests are aligned with the client's board, management and shareholders, and in seeing the client company successfully recapitalized to maximize shareholder returns.
Northern Securities Inc. is a member of the Canadian Investor Protection Fund (CIPF), and the Investment Dealers Association of Canada and is a Participating Organization of the Toronto Stock Exchange.
www.northernsi.com /nsi/inv_banking.asp   (659 words)

  
 Northern Securities Company
In 1901, the Northern Securities Company was formed as a holding company in the business-friendly state of New Jersey.
The NSC controlled the stock of the Great Northern, Northern Pacific and the Chicago, Burlington & Quincy railroads.
In court, Northern Securities attorneys argued that the company did not really engage in interstate commerce, but simply was a stockholder.
www.u-s-history.com /pages/h950.html   (400 words)

  
 American Experience | Streamliners | People & Events
Because no other company had tried building on such a massive scale without government land grants or financial concessions, critics derided the scheme as "Hill's Folly." But Hill was determined to find the straightest, shortest distance across the Northwest, even without the federal assistance other railroads had received.
Following the panic, Hill and Harriman jointly formed Northern Securities, a holding company; under this arrangement, Hill and his allies still managed to retain control of the company.
Northern Securities controlled the Hill Lines and the Burlington, but it was dissolved in 1904 under the Sherman Antitrust Act of 1890, in a controversial 5-4 Supreme Court decision.
www.pbs.org /wgbh/amex/streamliners/peopleevents/p_hill.html   (1180 words)

  
 Northern Pacific Railway — Infoplease.com
The merged company became the Burlington Northern Railroad, which in 1995 merged with the Santa Fe line to form the
Burlington Northern Santa Fe Railway - Burlington Northern Santa Fe Railway, railroad system in much of the United States (except the...
corner - corner, securing of all or nearly all the supply of any commodity or stock so that its buyers are...
www.infoplease.com /ce6/bus/A0835973.html   (407 words)

  
 Northern Pacific Railway - HighBeam Encyclopedia   (Site not responding. Last check: 2007-10-08)
NORTHERN PACIFIC RAILWAY [Northern Pacific Railway] former American rail line, following the northern route from Duluth and St. Paul, Minn., to Seattle, Wash., and Portland, Oreg.
Under the leadership of Henry Billard, the Northern Pacific was opened in 1883 from Ashland, Wis., to Portland, Oreg.
Burlington Northern Santa Fe Railway Takes On Resurgent Union Pacific.
www.encyclopedia.com /doc/1E1-nrthrnp1r1.html   (482 words)

  
 JJ Hill Library History & Mission
By 1901 he had organized the Northern Securities Company to consolidate his former rivals, the Northern Pacific and Chicago, Burlington and Quincy, with his own Great Northern.
Although it enjoyed only a brief existence, the Northern Securities Company was the predecessor of the present-day Burlington Northern Santa Fe.
Drawing on his experience in the development of Minnesota's Iron Range, Hill was, during 1911-1912, in close contact with Gaspard Farrer of Baring Brothers and Company of London regarding the formation of the Brazilian Iron Ore Company to tap the nation's rich mineral deposits.
www.jjhill.org /History/manuscript/hill_papers.html   (942 words)

  
 Quintus Corporation - Case C 00-4308-JL - Securities Class Action Complaint
On November 15, 2000 the Company issued a press release announcing that it would be delaying filing of its 10-Q with the Securities and Exchange Commission for the quarter ended September 30, 2000.
By virtue of the high-level positions, and active participation in and/or awareness of the Company's day-to-day operations, Individual Defendants had the power to influence and control and did influence and control, directly or indirectly, the decision-making of the Company, including the content and dissemination of the various statements that plaintiff contends are false and misleading.
Individual Defendants were provided with, or had unlimited access to copies of the Company's reports, press releases, public filings and other statements alleged by plaintiff to be misleading prior to and/or shortly after these statements were issued and had the ability to prevent the issuance of the statements or cause the statements to be corrected.
securities.stanford.edu /1016/QNTS00/20001117f1c004308.htm   (4433 words)

  
 Jacob Riis, Upton Sinclair, Northern Securities Case, US v Standard Oil, William Howard Taft, 18th and 19th Amendments, ...   (Site not responding. Last check: 2007-10-08)
Northern Securities was a huge railroad combination built from James J Hill's Great Northern Railroad, J. Morgan's Northern Pacific Railroad, and the Chicago, Burlington, and Quincy Railroad.
As Ida Tarbell wrote in her History of the Standard Oil Company (1904), "You could argue its existence from its effects, but you could not prove it." In 1892 the Ohio Supreme Court ordered the trust dissolved, but it effectively continued to operate from headquarters in New York City.
A direct primary law democratized elections, a public utilities commission was created to regulate power and water companies, and a corrupt practices act further curbed the power of the utilities and other giant corporations within the state.
www.owlnet.rice.edu /~mwfriedm/terms/david20.html   (4763 words)

  
 usnews.com: The People's Vote: Sherman Anti-Trust Act (1890)
The nine trustees elected the directors and officers of all the component companies.
Individuals and companies suffering losses because of trusts were permitted to sue in Federal court for triple damages.
The Court ruled that the American Sugar Refining Company, one of the other defendants in the case, had not violated the law even though the company controlled about 98 percent of all sugar refining in the United States.
www.usnews.com /usnews/documents/docpages/document_page51.htm   (622 words)

  
 The National Aglaw Reporter - The National Agricultural Law Center
The Minnesota Supreme Court has held that a county board of commissioners' grant of a conditional use permit ("CUP") for a confined hog-feeding operation was not unreasonable or arbitrary, and that it was the responsibility of the county zoning department to enforce a half-mile setback provision set forth in the county ordinance at issue.
In an action brought by a development company against two homeowners seeking to have the homeowners enjoined from maintaining poultry of any kind on their property, the Superior Court of Pennsylvania has granted the development company's request for a permanent injunction.
The court ruled, however, that § 1508(j) allowed the company to seek indemnification for costs and losses from the FCIC and RMA and that this claim was not barred by a one-year statute of limitations.
www.nationalaglawcenter.org /reporter/casesummaries/archive03   (5432 words)

  
 northern securities
Theodore Roosevelt Administration Northern Securities Company Trust-busting In 1901, the Northern Securities Company was formed as a holding company...
In court, Northern Securities attorneys argued that the company...
Philander C. Knox to sue the Northern Securities Company for violations of the 1890 Sherman Antitrust Act.
www.protectingassets.com /northern_securities.html   (307 words)

  
 Terrific! It's Northern Pacific!
While the Northern Pacific sank into receivership, it gained a competitor just to the north of its route, in the form of James Jerome Hill's Great Northern Railway.
In the spring of 1970, the Chicago, Burlington and Quincy, Great Northern, Northern Pacific and Spokane, Portland and Seattle under the auspices of John Budd (Great Northern) and Robert Macfarlane (Northern Pacific) were merged into the Burlington Northern Railroad, fulfilling James J. Hill's nearly 100-year-old dream.
In the 106 years following the completion of the Northern Pacific the territories through which its rails passed became states; spread out along its main line between Puget Sound and the Great Lakes are all the major cities of the Old Northwest and the Pacific Northwest.
pw2.netcom.com /~whstlpnk/first.html   (6631 words)

  
 Post-Civil War Railroad Expansion
In the wake of the success of the Union Pacific and Central Pacific, other ventures were launched that required huge subsidies and land grants like their predecessors.
Northern Pacific Railroad Co. The Northern Pacific was granted a charter by Congress in 1864, which provided the private company with huge subsidies.
The NP was originally controlled by Jay Cooke, but the financier's failure during the Panic of 1873 slowed progress.
www.u-s-history.com /pages/h873.html   (580 words)

  
 Glossary M
A policy that allows mortgage lenders to recover part of their financial losses from an insurance company if a borrower fails to fully re-pay a loan.
In the event that the borrower dies while the policy is in force, the debt is automatically paid by insurance proceeds.
An investment company that enables investors to pool their funds in order to invest in a managed portfolio of securities.
www.northernfunds.com /resources/glossary/m.html   (226 words)

  
 Archive | April 17, 2000 | A Republican Roosevelt: Just as bad
A J.P. Morgan-owned holding company, Northern Securities was falsely accused of violating the Sherman Antitrust Act by allegedly monopolizing the Pacific Northwest railroad industry.
Let's face it: J.P. Morgan never won an ethics trophy; his intention in forming Northern Securities was not to promote good will.
The Supreme Court ruled 5 to 4 in condemnation and dissolution of the company.
www.enterstageright.com /archive/articles/0400reproose.htm   (846 words)

  
 Northern Securities Inc.
Northern Securities Inc. is an independent, integrated investment bank, with offices in Toronto, Calgary and Vancouver.
For a corporate profile of Northern Financial, you can visit their website at www.nfc.ca.
Northern Financial is a public company that trades on the Toronto Stock Exchange under the symbol NFC.
www.northernsi.com   (130 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.