Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1890-03-26

NATIONS CAPITAL.
Senate Still Struggling With
Antitrust Bill.
fhs Worlds Pair viii Probably Go
0IeP Till 1898.
Chjesgo Doss Not Seem to Have
Shown Any Guarantee Fund

WAsHxoros, Mar. 25.-The anii-trus
bill vas taken up in the Senate
George moved that the bill and amend.
ments be referred TO the judiciary com nit
tee. He compared the SIX bills on this sub
ject reported from the committee on finance
| and said that as often as the fallacies OF
one bill vas exposed the committee sought
refuge in another p.etense. Nov it had
| fallen back TO the last ditch.
Morgan moved. ~ an amendment, thai
the judicisry committee be Instructed to
rs port back within twenty days.
Wilson Of Iowa declared himself in favor
Of legislation on the subject of trusts and
desired to reach q result at the earliest
practicable moment He would vote agains,
. reference of the bill to the Judiciary COM
mittee because he wanted come bill passed
BY the SeBa:e that would 90 to the House.
The amer dments here to be made {, it
wsnli be in conference. out Of which
might be evolved = start at least towards
Legislation In that important field.
Sherman spoke Of reference of q bill
considered and reported by one committee
TO another committee ~ q very unusual
proceeding and apt to create controversy
and rivalry between committees. He
thought the report Of the judiciary CON nit
tee. when made, would only give rise to
new debate and long detention, End asked
that the bill be voted on now. Then, if ii
passed, it would be q tangible proposition
that could be sent to the House for consid.
Grafton
After further discussion the Senate voted
against referring the bill and the pending
amendments to the judiciary committee.
Resgan's amendment was agreed to. This
anne ndment provides that all persons en-
gagged in the creation of . trust in any
capacity or employed in any business car
ried on with any foreign country or between
any States and Territories, using its powers
for either of the following purposes, shall
be deemed guilty of high misiemeanor,
subject to fine of not more than $1,000
or imprisonment not excee ding i've years.
or both, viz: To create or carry out any
restrictions Of trade; limit the product IN
or increase or reduce the price of mer
chandise or commodities; prevent competi-
ton in merchandise, produce or commodi-
ties; fix any standard or figure whereby
the price Of any article, com modify, mer-
chandise or produce intended for sale, use
or consumption shall be in any man
DtE cOulIUlItu CfShtt uOu-
opOly in the manufacture, sale or
transportation of any such article, or
enter into any obligation by which it binds
others or themselves not to manufacture,
sell, transport any such article below the
common standard figure or by which they
shall agree to keep such article or trans.
portAtion at a fixed or graduated figure, or
by which they shall settle the price of such
article to preclude unrestricted conpeti-
ton.
Sherman moved to amend the first sec
ton by adding that this &C. shall not be
construed to apply to any srrsngem ent.
agreement or combination between labor
ers, made with view of lessening the
hours OF labor or increasing wages, nor
any arrangement, agreement, association
or combination among persons engaged in
horticulture OF agriculture, made with a
view of enhancing the price of their own
agricultural or horticultural products.
The amendment was agreed to.
Hoar moved to strike out of the 6rst
section the words "Of different States, or
between two or more citizens or corpora
tions, or both, of United States, and for
eigo States, or citizens or corporations
thereof" Agreed to.
Ingalls, amendment (Aimibg at dealings
in Futures and Options') agreed to.
Coke offered an anne ndment consisting of
eight new sections. and addressed the SEN
ate in explanation and advocacy of it.
claiming the bills Of sherman and Reagan
unconstitutional and vague, and moved to
strike out all of the bill except the amend
ment Of Ir gals, and substitute bis own for
it.
Sherman moved to lay the substitute on
the table. Agreed to.
Stewart moved to insert in the first Sec
ton the words "Of value of money by
which such cost may be advanced or re-
duced."
Hoar moved an amendment by inserting
after the word money. the words "or of
gold or silver"
Pending the action of these amendments,
the Senate at 6 10 adjourned till tomorrow.