The news & observer., 1897-01-22
QU6yl[D[5[R
U7lD[E DOME

The fight against trusts IS on in earn
est Yesterday Senator J. Frank Ray,
of Macon. introduced a bill against
trusts that is modelled after the Trust law
of Georgia, which is a model of anti
trust laws. 1t is so important q measure
that we give it in full as follows:
The General Assembly of North Caro-
lima do enact:
Section 1. That from and after the pas
sage of this act, all arrangements, CON
tracts, agreements, trusts or comblna-
tions between persons or corporations
made with view to lessen, or Which
tend to lessen, fun and free competition
in the importation or sale of articles lm-
ported into this State, or in the manufac-
ture of articles of domestic growth or OF
domestic raw material and all arrange
ments. contracts, agreements, trusts, or
combinations between persons or cor
porations designed or which tend to ad-
vance. reduce or control the price or the
cost to the producer or to the consum-
er of any such product or article, are
hereby declared to be against public poll
cy, unlawful and void.
Sec. 2 That any corporation, chartered
under the laws of this State, which shall
violate any of the provisions of this act
shall thereby forfeit its charter and its
franchise and its corporate existence shall
thereupen cease and determine. Every
foreign corpora tion, which shall violate
any of the provisions of this act, is here
by denied the right TO do, and is prohib-
tied from doing business in this State.
1t is hereby made the duty of the Attor-
ney General of the State to enforce this
provision by due process of law.
Sec 3. That any violation of the proyi-
sions of this Act shall be deemed, and is
hereby declared to be destructive of full
and free competition and a conspiracy
against trade, and any person or persons
who may engage in any such conspiracy
against trade, and any person or persons
who may engage in any such conspiracy.
or who shall, as principal, manager, di-
rector or agent or in any other capacity,
knowingly carry out any of the stipula
tions, purposes, prices, rates or orders
made in furtherance of such conspiracy,
shall, on conviction, be punished by
fine OF not less than 500 or more than
So, 900, and by imprisonment in the peni-
tentiary not less than one year or more
than ten years: or, in the Judgment OF
IuG CDuIl, Dy tIllSI SuCu ull6 Of SuIu I'LL
prisonment.
Sec. 4. That the provisions of this Act
shall not apply to agricultural products
or live stock while in the possession OF
the producer or raiser.
Sec. 5. That any person or persons, or
corporations that may be injured or
damaged by any such arrangement, con-
tract, agreement. trust or combina ton.
described in section one of this Act, may
sue for and recover, in any court of COM
petent jurisdiction in this State, of any
person, persons or corporation operating
such trust or combination, the fun con-
sideration or sum paid by him or them
for any goods, wares. merchandise, or
articles the sale of which is controlled
by such combination or trust.
Sec. 6. That it shall be the duty of the
Judges of the Superior courts of this
States specially TO instruct the grand
juries as to the provisions of this act.
! Sec. Z. That all laws and parts of laws
in conflict with the provisions of this Act
be, and the same are, hereby repealed.
Sec 8. This act shall be IN force from
and after its ratification.
Yesterday afternoon there was a full
Il. & g.