. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. on the statuteswas the so-called Sherman Anti-Trust Law of 1890. In February, 1902, the Attorney-General, Mr. P. , entered suit for the Government against the NorthernSecurities Company. This concern was an outgrowth ofthe famous Northern Pacific corner of May 9, 1901, whenthe disastrous contest between the Harriman and Morganinterests, for ownership of the Northern Pacific Railway,was compromised by deposit of their stock and that of theparallel Great Norther
. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. on the statuteswas the so-called Sherman Anti-Trust Law of 1890. In February, 1902, the Attorney-General, Mr. P. , entered suit for the Government against the NorthernSecurities Company. This concern was an outgrowth ofthe famous Northern Pacific corner of May 9, 1901, whenthe disastrous contest between the Harriman and Morganinterests, for ownership of the Northern Pacific Railway,was compromised by deposit of their stock and that of theparallel Great Northern Railway Company in the handsof a holding corporation. The corporation had a stockof #400,000,000, which it exchanged for shares in the tworailways; its directors were selected from the rival boards. Mr. Knox attacked the merger as a virtual consoli-dation of two competing transcontinental lines, wherebynot only would monopoly of the interstate and foreigncommerce, formerly carried on by them as competitors, becreated, but whereby, through use of the same machinery,the entire railway systems of the country may be absorbed,.
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