Northern Securities Case?

Kenneth Queener: In court, Northern Securities attorneys argued that the company did not really engage in interstate commerce, but simply was a stockholder. By the narrowest of margins, five to four, the Supreme Court in 1904 sided with the government and ordered the NSC's breakup. This decision was notable for the following reasons: The Supreme Court reversed a position taken previously in the E.C. Knight case The giant push of E.H. Harriman to consolidate the nation’s railroads was halted Enthusiasm for creating holding companies was dampened Roosevelt’s popularity skyrocketed among the masseshttp://www.u-s-history.com/pages/h950.htmlhttp://links.jstor.org/sici?sici=0026-2234(190404)......Show more