Abstract

The Merger Case
April 16, 1903 issue

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The article reports that divested of all technicalities, the question presented to the U.S. Circuit Court in the so-called merger case was whether the union of the Northern Pacific, the Great Northern and the Chicago, Burlington and Quincy Railroads, by whatever means accomplished, was in conflict with the anti-Trust law passed by Congress in 1890. If it was so, then the combination was null and void and was liable to be resolved into its original elements, while persons engaged in it as promoters and participants were punishable at the discretion of the court by fine and imprisonment. The moral to be drawn from the situation is that there is no limit to such mergers except the inclination of parties in control.

See Also:

CONSOLIDATION & merger of corporations; CIRCUIT courts; ANTITRUST law; COURTS -- United States; PUNISHMENT; UNITED States
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