This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1911 Excerpt:...connection were substantially as follows: The American Snuff Co., which was an affiliated company, and itself a combination of the leading snuff manufacturing companies in the United States, was separated from the control of the Combination, and its business was divided into three parts, one of which remained with the American Snuff Co., while the other two were transferred to two new companies organized for that purpose; further, the R. J. Reynolds Tobacco Co., which was chiefly a manufacturer of plug and smoking tobacco, was detached from the control of the Combination and reestablished as an independent company. Most of the remaining business of the Combination relating to the manufacture of tobacco in the United States was divided among three large companies. For this purpose two new companies were organized, namely, the P. Lorillard Co. and the Liggett & Myers Tobacco Co., to each of which was allotted a part of the property, while the remaining part was retained by the American Tobacco Co. The court imposed by injunction various restrictive conditions on future operations and relationships of the companies thus established and on the individual defendants in the case, in order to prevent a recrudescence of the Combination. The ownership of all the stock of the successor companies was placed in the hands of the same persons who had been stockholders in the Combination. The preferred stock was given voting rights, which it did not have before. This reduced the voting power of the 29 chief stockholders, defendants in the case, from about 56 per cent in the Combination to about 35 per cent, on the average, in the successor companies, at the time the dissolution went into effect. The question of how far the decree of dissolution of the Combination in 1...