American History January 1 1900 December 31 1901

Cover American History January 1 1900 December 31 1901
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During the struggle for the control of the Northern Pacific its stock sold for a part of one day at $1, 000 for a share whose face value was only $100. The testimony gathered by the Inter-State < ommetrce ( omi sion proves that discriminations in rates in regard to both persons and places still continue: and testimony just taken (November, 1901J shows that through rates on wheat intended for exportation _ are much lower than advertised, thus violating the law. This commission 16 is very urgent in its demands that congress shall give it more power in order that it may control such actions. Since December I, 1901, the Northern Securities Company has been organized in New Jersey with a capital of $400, 000, 000 for the purpose, it is supposed, of com- bining the Great Northern, the Northern Pacific and the Burlington roads into one great whole. Governor Van Sant, of Minnesota, claims such a consolidation is contrary to public welfare and law and has invited the aid of State and United States law in an attempt to defeat the plan, having brought suit in the United States Supreme Court, as well as in the State court, to test the issues involved.

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