Summary

Portrait of William R. Day William R. Day Waters-Pierce Oil Company v. Texas…

The argument to the effect that the rulings of the court as to the admission of testimony, and upon questions of general law, deprived the defendant of its property and rights without due process of law, requires us to notice the limitations upon the authority of this court when dealing with legislative acts and proceedings to enforce the same in the state courts. That state legislatures have the right to deal with the subject-matter and to prevent unlawful combinations to prevent competition and in restraint of trade, and to prohibit and punish monopolies, is not open to question.
Source: Wikisource

Portrait of William R. Day William R. Day Waters-Pierce Oil Company v. Texas…

Oil, all other products of petroleum, and goods, wares, or merchandise of any character which the defendant or its agents may have purchased or acquired in any manner outside of the state of Texas, and caused to be transported to its agents or others within the state, are the subjects of interstate commerce when they enter this state, and so remain until such commodities are removed from the original tanks, vessels, or other packages in which they are imported into the state and become mixed with the common mass of property of similar character in this state.
Source: Wikisource

Portrait of William R. Day William R. Day Waters-Pierce Oil Company v. Texas…

Rep. 276.
'The statute gives this proceeding against combinations in restraint of commerce among the states and against attempts to monopolize the same. Intent is almost essential to such a combination and is essential to such an attempt. Where acts are not sufficient in themselves to produce a result which the law seeks to prevent,-for instance, the monopoly,-but require further acts in addition to the mere forces of nature to bring that result to pass, an intent to bring it to pass is necessary in order to produce a dangerous probability that it will happen.
Source: Wikisource

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