Mr.Justice White, then on the Court and now Chief Justice, set forth the position that the two cases were in principle identical with incontrovertible logic.

In giving the views of the dissenting minority on the action I had brought, he said: "The parallel between the two cases [the Knight case and the Northern Securities case] is complete.

The one corporation acquired the stock of other and competing corporations in exchange for its own.

It was conceded for the purposes of the case, that in doing so monopoly had been brought about in the refining of sugar, that the sugar to be produced was likely to become the subject of interstate commerce, and indeed that part of it would certainly become so.

But the power of Congress was decided not to extend to the subject, because the ownership of the stock in the corporations was not itself commerce." Mr.Justice White was entirely correct in this statement.