Jasper County Democrat, Volume 12, Number 64, Rensselaer, Jasper County, 24 November 1909 — SEES REPEAL OF ANTI-TRUST ACT [ARTICLE]

SEES REPEAL OF ANTI-TRUST ACT

John D. Archbold on Latest Standard Oil Decision. I- ■ X SAYS LAW IS TOO DRASTIC V Under Present Conditions It Is Not Only Impossible for Corporations to Transact Business, but Even CoPartnerships May Be Attacked, Declares the Vice 'President of the Standard Oil Company—Case To Be Appealed to the Supreme Court. New York, Nov. 23. —Conferences of officials and leading counsel of the Standard Oil company were held, to begin outlining the company’s course following the court’s decision that the trust must be dissolved. Thirty days are allowed before the decree takes effect. Within that time the appeal which the corporation announced that it would take of the United States supreme court will be perfected. “I believe that the decision will result in legislation looking toward the repeal of the Sherman anti-trust act,” said John D. Archbold, vice president, “For under that law it is not only impossible for practically any corporation to transact business, but even copartnerships may be attacked. I believe that the officials at Washington are coming to the viewjthat the law is too drastic and that even Mr. Roosevelt himself shares in that opinion.” Standard Oil stock was again affected on the curb market by the court’s decision. After a fairly quiet opening there was a general outburst of liquidation. Prices in many active issues fell 1 to 3 points.