New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-07-03
AIMED AT THE TRUSTS.
A BILL DRAWN UP BY REPUBLICAN
SENATOR'S
FIVE YEARS IMPRISONMENT AND $4,000 FINE
FOR ACTIONS IN RESTRAINT OF TRADE
How THE PENALTIES ARE

FOR ACTIONS IN RESTRAINT OF TRADE
How THE PENALTIES ARE
TO DE ENFORCED.
Washington July 2-Senator Thurston to-day In
troduced as bill the provision prepared as an
amendment to the Tariff bill by the Judiciary Com
mittee 10 prohibit trusts. The amendment was
based on a suggestion made by Senator Nelson, but
was perfected by subcommittee consisting OF
Senators Thurston. Davis and Spooner. IL was
expected up to Wednesday night that IL would DC
introduced amendment to the IariH DILL put
when presented to the Finance Committee Wednes-
day evening members OF the committee suggested
the inadvisabiiity OF saddng the trust question
on the tariff. saying 1t would be preferable 10 nave
the two questions treated independently OF each
other.
There further conferences among senators
yesterday. and consequence OF these anu Vi 'he
concentration of the Finance Committee the
Judiciary Committee decided not to present the Dill
TO the caucus amendment to the larh p''''
Senator Thurston being the only member standihs
for the coupling of the questions. Inc text Oh
the bill Is follows:
That every person. firm, association or corporation
who which shall monoponze or ensloss, " 49,; az
tempt to monopolize or engross, OF WHO vi mn.n
shall combine or conspIre with any other person,
firm association corporation TO monopoilaSs VI
cngross the trade commerce in any commonly
product or manufacture of any kind among the the
several States with foreign nations; Tor the
ijnDp The nrice ~ snch commodity product or manu-
facture to the consumers OF this country: sa
deemed guilty OF a misdemeanor ana on cohVictioh
thereof shall be punished by fine Of not more than
$4,000 and by Imprisonment at hard lap0r n9' more
than five years Any person VINO shall aIe' az, !,
assist counsel or advise any corporation or when
he is officer agent stockholder or e I'm p%csmeI
guilty of misdemeanor and on fo De
offence shall be liable to the punishment ndctmen
to describe the offence In the language OF TINS
statute: and the fact that any such person III al,
ioffnn
commerce among the several States or with for
eign nations in any commodity product or manu- NJ
facture and so proceeded against mas eithei, Vi
rcctiy or through factors or agents, refused 10
sell such commodity product or or
ton the general price and npCn 5ne same n
sell otherwise than upon conditions iiinitiiis VI
restricting the disposition for o evidence g Of
monopolizing or attempting to monopolize or Oh
engrossing or attempting 10 eysra e States or
with foreign nations as set forth and charged
in in al any count Of such Indictment.
Sec g. The several Circuit Courts OF the United
States are hereby invested with Jurisdiction to
ana ib H of hs several
neys of the United States in their respectve l ais
era to Institute proceedings in equity to prevent
and restrain such violations. Such proceedings
nnd y p Ss that such Violation shall be enoined
or otherwise prohibited When the part parties com nh
petition. the court shall proceed as soon as may
be to the hearing and determination OF the case;
cree ,a f the court may at any time make such tenn;
porary restraining order or prohib9p as shall
s es deemea to the court before which any civil
proceedings brought under the provisions hereof
that other parties should be brought before the
court the court may cause them 70 be sum.
in Which the court is held or not: and subpgnas
&c that end may be served Y any hv the Mar
shall thereof.