Mexico weekly ledger. (Mexico, Mo.) 1855-1956, 1889-02-28
COMBINATIONS AND TRUSTS.
Senator Clay Jumps the Combine
With Both Fcst-His
Bill at Length.

.
has introduced a bill IL the Senate
at Jefferson City 'to prevent the
formation of trusts or combinations
to control the production or regu-
late the price of articles of general
use and consumption The full
text of the bill is as follows:
i 1t ;:l:te,. by tie GeaeFsd Assembly pi lie
State of N .s,G efi, Is f,ia0Ss:
SEC. l. That it shall be unlaw-
ful for any firm OR Incorporated
company, OF any number of firms
or incorporated companies, or any
uaincofporated company or asso-H
citation of persons or stockholders,
to form or organize any trust, { for
the purpose OF controlling the pro-
fiuction or manufacture, or of regu-
Iating or liking the price, of any
article or product of The soil, farm
IT factory which enters into general
use aud consumption by the peo-
pie, or to enter into any combina-
ton, or to delegate to any one or
.uore board or boards of trustees or
directors the power to conduct and
iirect the business of the whole
number of firms, corporations,
companies or associations which
may have or which may propose
10 form trust. combination or as
sociation inconsistent with the
provisions of this section and con-
| trary to public policy.
SEC. 2. No certificate of stock
tr other evidence ofinterest in any
trust, comb nation or association,
as named in section one % Ct this
| act, shall have legal recognition IN
any court in this State and any
deed to real estate given by any
person or firm or Incorporation for
he purpose of becoming interested
IN such trust, combination or asso-
citation, or any mortgage given by
the latter to the seller, as we'll as
Ill certificates growing growing out
If such transactions, shall be void.
SEC. g. 1t shall be the duty of
he secretary of State, after the
passage of this act, to address to
he president. secretary or treas
lrer of each incorporated compay
toing business in this State, a let
ter of inquiry as to whether the
| laid corporation has merged all or
any part of its business or interest
IL or with any trust, combination
II association of persons or stock
holders. as named in section one
tOD of this act, or is in any respect
under such control, and to require
AZ answer, under oath, of the pres
dent, secretary or treasurer, or
my director of said company. A
form of affidavit prescribed by the
secretary of State shall be enclosed
L. said letter of inquiry, and on re-
usal to make oath in answer to
laid inquiry, the Secretary of State
hall Immediately revoke the
.ltarter of said company, and make
publication of such revocation il
four newspapers of general circula.
ion ih the four largest cities of the
State.
! Sec. 4. 1t shall be the duty o.
| the Secretary of State, upon SAL.
ltsfactory evidence that any com.
pany or association Of persons duly
Incorporated and operating under
| he laws of this State have entered
nto any trust or combination OIL
association. as provided in section
| ne u of this oct, to give notice
TO such corporation that unles:
they withdraw from and sever al
business connection with sale
, rust, combination or association
their charter will be revoked at tht
expiration of ninety days from th'
date oi such notice.
SEC. 3. Any incorporated com
lpany now operating under the law:
If this State, and which, at tbs
late of this act going into effect
nay be interested in any trust
combination or association name,
section one % of this act, O
my firm, incorborated or unincor
porated company or association q
persons or stockholders who shal
inter- into or become interested
IN such trust, combination o
u s-ociation after this act shal
; axe effect, shall be deemet
guilty of 4 miS,lemeanor, and b
uhiect To a fine not less than tcl
aor more than ten thousand dol
.ars: Provided, that nothing i
| his section shall be so construed a
. deprive any incorporated com
'any of the time provided for i
,ection four (4) ofthis act in whic
+ | q, affact sayarar,Da ap,i sattinp,.sr1