Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1897-01-20
AGAINST TRUSTS.
Copy of Senator TiptOns Bill Against Trusts
and Combines.

Copy of Senator Tipton's Bill Against Trusts
and Combines.
The following bill to prevent trusts
and combines, was introduced in the
Senate by Mr.. Upton last week and
passed first reading:
Section /. Be it enacted by the Gen
eral Assembly Of the State Of Tennes-
see, that from and after the passing of
this act, all arrangements, contracts,
agreements, trusts or combinations be-
tween persons or corporations made
with view to lessen full and free
competition in the importation of sale
Of articles imported into this State, or
in the manufacture or sale of articles
of domestic groth or of domestic raw
materials and all arrangements, con-
tracts, agreements, trusts or combina-
tions between persons or corporations
designed, or which tend to advance,
reduce or control the price or the cost
to the producers or to the consumer of
any such product or article, are hereby
declared to be against public policy,
unlawful and void.
Section 2. Be it further enacted, 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 fran
chise, and its corporate existence shall
thereupon cease and determine Ev-
cry foreign corporation which shall vi
olate any of the provisions of this act,
is hereby denied the right to do, and is
prohibited from doing business in this
State. 1t is hereby the duty of the At.
torneys General of this State to enforce
this provision by due process of law.
"Sec. 3. Be it further enacted, that
any violation of the provisions of this
act shall be deemed, and is hereby de-
clared to be destructive of full and free
competition and 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 capacity,
knowingly carry out any of the stipu-
lations, purposes, prices, rates or Or
ders made in furtherance of such con.
spiracy shall, on conviction, be pun
ished by fine of not less than 800 or
more than $500 and by imprisonment
in the penitentiary not less than one
year or more than ten years, or, in the
| judgment of the court, by either such
fine or such imprisonment.
"Sec. 4. Be it further enacted, that
the provisions of this act shall not ap-
ply to agricultural products or live
stock while in possession of the pro.
ducer or raiser.
"Sec. 8. Be it further enacted, that
any person or person or corporation
that may be injured or damaged by
any such arrangement, contract, agree.
ment, trust or combination described
in section of this act may sue for and
recover in any court Of competent juris-
diction in this State of any person, per-
sons or corporations operating such
trusts or combine, that full considera-
ton or sum paid by him or them for
any goods, wares, merchandise or arti-
cles the sale of which is controlled by
such com mbination or trust.
''Sec. 6. Be it further enacted, that
it shall be the duty of the Judges of the
Circuit Courts of this State specially to
instruct the juries az to the provisions
of this act.
"Sec. Z. Be it further enacted, that
all laws and parts of laws in conflict
with the provisions of this act be, and
the same are hereby repealed