Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1899-01-07

iously.
The trusts win suffer at Springfield
this winter.
The following act now on the statute
books. became a law and went into ef.
feet June II. 1897
POOLS, TRUSTS AND COMBINES
PROHIBITED.
An act to provide for the punishment
of persons. cO-partnerships or cOrpor-
ations forming pools, trusts and COM
bines. and mode of procedure and
rules of evidence in such cases.
Section /. BE 1t enacted by the
people of the State of Illinois. repre-
scented in the General Assembly: II
any corporation organized under the
laws of this or any other State or cOun-
try, for transactlng or conducting any
kind of business in this State, or any
partnership or Individual or other as.
ISOLATION of persons whatsoever. shall
create, enter into, become member of
or a r"rty to any pool, trust, agree.
ment. CO.. .Sination, confederation or
understanding with any other corpora
ton. partnership, Individual. or any
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 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 be subject to indict.
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 eff.
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 dIrec.
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.
blnatiOns, or the manufactured product
thereof. In the hands Of any trustee or
trustees, with the intent to limit or fix
the price. or lessen the production and
sale of an article Of commerce. use or
consumption, or to prevent. restrict or
diminish the manufacture or output of
any such article.
9. ANY PURCHASER OF ANY
ARTICLE OR COMMODITY FROM
ANY INDIVIDUAL. COMPANY OR
CORPORATION TR A NSACTIN q
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
THIS ACT AS A DEFENSE IN ANY
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 dlsclplining:
But the trust which the farmers are
after, and in fact all Of the grain deal
crs Of the State, Is the Infamous Ele.
vatOr and Warehouse Trust, created by
the last Legislature.
Methods Of public warehouse men In
dealing In grain were scathingly de-
nOunced Mt the recent meeting Of the
Grain Dealers National Association in
the Chicago Beach Hotel, and the
speaker who presented the arrange.
ment, Samuel II. Greeley Of the Chi.
cagO Board Of Trade. threatened that
IL legislation did not soon relieve the
aggravated condition, It's abolition
would be made the substance of pop.
ular demand backed by force Of arms.
The speaker laid the responsibility for
the condition he deplored Mt the Gios
Of the railroads, accusing then. Of fos.
tering monopoly by granting special
privileges to the warehouse men. He
said In part: 1.-THE grain trust In Chi.
cagO, as represented In the public ware
house men, Is one of the most gigantic
and harmful trusts In the world. The
great public warehouses are now under
the management of men who derive
their power from the railroads. Prior
| to 1885, before these men obtained their
power, there was free competition on
the floor of the Board of Trade. At
that time the public warehouse men en-
tered the grain business in competition
with dealers who We're forced to pay
| thrce-fourths of cent a month for
storage in the warehouses. The public
warehouse man Is n licensed servant
of the State, and owing to the advan,
tage he derives from not having to pay
this storage toll, he Is enabled to con,
troll prices. The warehouse man can
also sort the grain stored in his Gle.
vatOr, remove the best and obtain Ii
cents a bushel more for II. Great guam.
titles of grain stored by dealers In these
warehouses are boarded for storage
charges. The market Is beared until