Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-04-17
LATEST TELEGRAPH CONTINUED FROM PAGE ONE

conferences were not concluded until a
late hour to-day. AS agreed upon, the
remedy is two-fold. namely constitu-
tional amendment giving Congress full
antitrust law making the following ex-
tensions to the Sherman act:
F1rst-Requiring the branding Of
trust-made goods shipped out OF a
State. so as to be easily identified as
the product of q trust.
Second-Prohibiting the Interstate
tra1hc of trust-made goods not SO
branded, and making them subject to
seizure and condemnation.
Third-Requiring corporations having
a capital over sl.000,O00, or doing an
annual business of $1,o00000. to file a
report of their affairs with the Secre-
tary Of State.
Fourth-Providing the process of in
junction against ordinations sending
trust-made goods from State to State,
or to foreign countries
Fifth-Prohibiting the use of the
mails to concerns and their officials
proven TO be trusts.
of the Judiciary Committee and of the
special subcommittee on trusts, gave
out the following summary of the
measures:
The subcommittee of the Commit
tee on Judiciary to-day agreed to re-
port to the full committee q proposed
constitutional amendment which pro-
vides that Congress shall hove power
to define, regulate. CONTROL prohibit or
dissolve monopolies or combinations
whether existing in the form Of cor
poration or otherwise, and which
further provides that the several States
may continue to exercise such power in
any manner not in conflict with the
laws of the United States.
THE necessity for the amendment
grows out Of the fact that is held by
the Supreme Court of the United States
that manufacture and production are
no part OF Interstate commerce and
cannot be reached under the Interstate
commerce clause of the Constitution,
even though monopoly in manufacture
indirectly affects of controls such COM
merce. Therefore, monopoly in manu-
facture Is not restrainable by Congress,
even when 1t controls the output of an
article of necessity to all the people in
all the States and fixes the price at will.
Another measure amends the act of
July 2. 1890, being an act to protect
trade and commerce against unlawful
restraints and monopoly and known as
the Sherman act. The proposed bill in
creaseS the penalties fixed by that act
and adds thereto five new sections.
The new sections relate TO producing
and manufacturing corporations and
associations organized or managed for
the purpose of controlling or monopo-
LIKING manufacture or production or SO
conducting their business as to monop-
olize manufacture. 1t provides that
corporations and associations organ
lied and carrying on business for such
a purpose shall mark goods shipped
without the State in which produced.
and same shall not be transported or
carried without such State when not
so marked either upon the goods them
selves. the packages containing same
or the cars In which shipped. Articles
OF commerce not marked may be seized
and condemned when made n part of
Interstate commerce. 1t is further
provided that corporations and asso-
Citations organized with or having a
capital stock of one million dollars or
over, or doing n business of one mill
lion dollars or over per annum shall
before being permitted to transport
their product into any other State or
territory file with the Secretary of
State of the United States a report
making substantially the same show
ing now required of railroad and
steamship companies engaged in inter-
State commerce.
ut further provides that corporations
and associations formed or carrying on
their business for the illegal purposes
aforesaid may be restrained from car
rying on interstate or foreign COM
merce. and also provides that when
such corporations or associations arc
adjudged Illegal within the meaning of
the act. 1t and It's officers and members
shall be prohibited the Use of the mails
in aid of their illegal designs. Penal
ties are im2osed for violations of the
act and jurisdiction is conferred upon
the circuit and district courts, and it
is made the duty of the Attorney Gene
raj and of the several district attorneys
of the United States to institute all
proceedings, civil and criminal, neces-
sary to prevent or punish violations of
the act. which is to take effect June
3d. 1900"