The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-04-15
NEW ANTITRUST BILL
HOUSE WILL ONLY USE THE TITLE
OF SENATOR UNDERTAKES
MEASURE
DWINNELL HAS AMENDMENT
The Substitute Furnished by the
Committee of the Senate Said to
Be Only a Declaration of Prin-
Law Revamped-Text of the Sub
stitute.

The Underleak antitrust bill came I'D
IN the house yesterday as special order
MIR. Dwinnell tRep.), of Hennepin, who
had charge of the measure in the house,
Inter- upted the clerk who had started to
read the printed bill, saying that he had
an amendment which practically struck
cut all the bill as passed by the senate
with the exception of the title.
Speaking to the bill he said that 1t
was not made a special order in order
that talk might be made on the meas
ure. All members of the house. he I'M
derstood, favored bill along this line.
The bill as 1t passed the senate. he
stated, was not the original bill intro
duced by Senator Underleak, but one
drawn by subcommittee from the jul
Giciary committee. The original Under
leak bill had been discarded by this SUBJ
committee and a substitute drawn which
was really a draft Of the Sherman anti
trust law. The bill as 1t passed the SEN
ate was too far reaching, as it reached
the labor organize tons and mutual
creamery associations, but did not reach
the larger trusts.
Since 1891 the state had an antitrust
law. 1t had not been enforced for the
reason that it was too far reaching The
amendment he had prepared to the So
called Underleak bill not only made
penalty for violations of the provisions.
but it took away from corporations which
participated in trusts, their franchises
A large number of the we'll thinking peo-
pie were of the opinion that trusts were
the result Of economic development. The
great trusts, however, were not natural.
Ia If
these trusts and corporations by legis-
latureS. He believed the time had come
When the capitalization of trusts should
be cut down to SS00,000 except in cases
OF great railroad corporations and In
surance companies.
> Mr.. Dwinnel then presented his amend
ment which struck out all that part of
the bill published In The Globe few
days ago, except the title and inserted
the following:
SUBSTITUTE BILL.
Section 1. That when any cornoratton
heretofore or hereafter created, organized
or existing under the laws of this state
Wnether general or special. has united or
cnlteS IN any manner with any other cor
poration whereSoever created or with any
individual, whereby such corporation sur
renders or transfers by sale or otherwise
In whole or In part itF franchise rights or
privileges or the control or management
of its business to any other corporation
or Individual or whereby the business or
the management or control of the bust
ness Of such corporation is limited,
changed or in any manner affected, and
the purpose or effect of such union or
combination is to limit, control or destroy
competition in the manufacture or sale
of any article or commodity, or is to limit
or control the production of any article
or commodity, or Is to control or fix the
price or market value of any article or
commodity, or the price or market value
OF the material entering into the produc-
ton Of any article or commodity, or in
or combination is to control or monopolize
In any manner the trade or commerce. or
airy part thereof, of this state, or of the
the charter rights and franchises of said
corporation, except as to the final dis
position of its property under the law,
shall be forfeited, and 1t shall be unlawful