Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1898-12-24

other person or association OF persons
to regulate or fix the price of any arti.
Gle of merchandise or commodity, or
shall enter into, become n member of
or party to any pool, agreement, con-
tract. combination or confederation to
fix or limit the amount or quantity of
any article, commodity or merchandise
TO be manufactured, mined. produced
or sold In this State. such corporation.
partnership or individual or other as.
ISOLATION of persons shall be deemed
and adjudged guilty of conspiracy
to defraud, and he subject to indlct.
ment, and punished as provided In this
act. Provided. however. that In the
mining. manufacture or production Of
articles of merchandise. the cost of
which Is mainly made up Of wages. 1t
shall not be unlawful for persons. firms
or corporations doing business In this
State to enter into joint arrangements
of any sort, the principal object or If.
feet Of which Is to maintain or increase
wages. approved June 10. 1917
Sec. 2. 1t shall not be lawful for any
corporation to issue or to own trust
certificates, or, for any corporation,
agent, officer or employees, or the dircc.
tors or stockholders Of any corporation
| to enter into any combination, contract
or agreement with any person or per.
sons, corporation or corporations. or
with any stakeholder or director there.
Of, the purpose and effect Of which
combination, contract or agreement
shall be to place the management or
| control Of such combination or com.
! binatlOns, or the manufactured product
thereof, in the hands OF any trustee or
trustees, with the intent to limit or iix
sale of an article Of commerce, use or
consumption, or to prevent. restrict or
diminish the manufacture or output of
any such article.
y
@. ANY PURCHASER OF ANY
ARTICLE OR COMMODITY FROM
ANY INDIVIDUAL. COMPANY oil,
CORPORATION TR NSACTING
BUSINESS CONTRARY TO ANY
PROVISION OF THE PREVIOUS
SECTIONS OF THIS ACT. SHALL.
NOT BE LIABLE FOR THE PRICE
OR PAYMENT OF SUCH ARTICLE
OR COMMODITY, AND MAY PLEAD
SUIT FOR SUCH PRICE OR PAY
MENT.
A number Of trusts that are eating
the lives out of the people have been
set aside for disclplnlng:
But the trust which the farmers ar,
after, and in fact all of the grain deal
crs of the State, Is the Infamous Elc
vator and Warehouse Trust, created by
the last Legislature.
Methods of public warehouse men IL
dealing in grain We're scatllngly dc
nounced NJ the recent meeting of III,
Grain Dealers National Association IL
the Chicago Beach Hotel, ana Tia,
speaker who presented the arrange
mcnt, Samuel II. Greeley of the Chi
cago Board of Trade. threatened tha
II legislation did not soon relieve ih,
aggravated condition, It's abolition
would he made the substance of n pop
ular demand backed 10y force OF arms
the condition he dcplorcd AZ the c,syr
of the railroads, accusing them ~ fos
tcrlng monopoly by granting specia
privileges TO the warehouse men. IL,
said In part: THE grain trust In Chi
cago, as represented in the public ware
house men, is one Of the most glgantl,
and harmful trusts In the world. TIL,
. 4 L..
the management Of men who derry,
their power from the railroads. Prlol
10 1885,, before these men obtained thcil
power, there was free competition OF
the floor OF the Board of Trade. Al
that time the public warehouse men en-
tered the grain business In competition
with dealers who We're forced 10 pay
thrce-fourths OF a cent a month fol
storage In the warehouses. The publ,
warehouse man II u licensed servant
Of the State, ana owing 10 the adyan
tagc he derives from not having 10 pay
this storage toll, he Il enabled 10 con
troll prices. Tie warehouse man cal
also sort the grain stored In his ele
yator. remove the best and obtain I.
cents a bushcl more for IL, Great guam
titles Of grain stored by dealers In thes,
warehouses are boarded for storag,
charges. The market IL 'beared' until
prices are such that the warehouse
man can buy the grain az low price
besides reaping the storage pront The
present methods are an eDcoursg emsnI
10 bucket shops. and buekct-s shop gam
a