 It is most famous for the dissent of Justice Oliver Wendell Holmes, Jr..

Brown and Yellow Cab Company, a Kentucky corporation, sought to create a business association with the Louisville and Nashville Railroad, where Brown and Yellow would have a monopoly on soliciting passengers of the railroad station in Bowling Green, Kentucky, effectively eliminating the competition, the Black and White Cab Co.Such an agreement was illegal under Kentucky common law, as interpreted by Kentucky's highest court.Brown and Yellow dissolved itself, reincorporated in Tennessee, and executed the agreement there, where such an agreement was legal, bringing suit against Black and White in a Kentucky federal court to prevent them from soliciting passengers.