CHAPTER XII
NOTABLE SUPREME COURT DECISIONS
[1907]
The Northern Securities Company is a corporation, formed under the laws
of New Jersey, for the purpose of obtaining control of a majority of the
stock of the Northern Pacific Railroad and part of the stock of the
Great Northern Railroad. These roads, which parallel each other from
Lake Superior to the Pacific, have been held by the courts, in the case
of Pearsall vs. the Great Northern Railway, to be competing lines.
The organizers of the Northern Securities Company contended that their