The Saint Paul globe., 1900-06-03
TRUST BILL IS PASSED
MEASURE AMENDING SHERMAN
ANTITRUST ENACTMENT
BECOMES LAW
BUT ONE VOTE IN NEGATIVE
Provisions of the New Measure Are
Sweeping-Senate Passes the
Bill Providing for Cuba
ExtraditiOn.

WASHINGTON, June 2-Only one vote
was cast in the house today against the
Littlefeld antitrust bill to amend the
Sherman act of 1890, to make it more eff
fective in the prosecution of trusts and
combinations, their agents, officers, or
attorneys. Mr.. Mann (Rep., Ill.) cast the
negative vote,
The bill, according to the statements of
the Republican leaders, goes to the limit
of the authority of congress under the
constitution. All the minority amend
ments except one was defeated That
was an amendment declaring that moth
ing in the act should be construed to
apply to trades unions or labor organiza-
tions. All except eight Republicans,
Messrs Aldrich (Ala.), Allen and Little
field (Me), Bailey, Long and Calderhead
(Kan.), and Cannon and Hit Qll) voted
for it.
The bill amends the Sherman antitrust
law so as to declare every contract or
combination, in the form of trust or con-
spiracy in restraint of commerce, among
the states or between foreign nations,
illegal, and every party to such contract
or combination, guilty of a crime, punish
able by fine of not less than $500 or
more than $1,000, and by imprisonment,
not less than six months nor more than
two years. 1t provides that any person
injured by violation Of the provisions
Of the law may recover threefold dam
ages.
The definition Of person and per
sons in the present law is enlarged so
as to include the agents, officers or at
torneys of corporations For purposes of
commerce, it declares illegal all corpora
tions or associations formed or carrying
on business for purposes declared Illegal
by the common laws; provides that they
may be perpetually enjoined from carry
ing on interstate commerce, and forbids
them the use of the United States mails.
1t provides for the production of per-
sons, and papers and confers Jurisdiction
upon United States circuit and district
courts for the trial of causes under it,
and authorizes any person, firm, cor
poration or association to begin and
prosecute proceedings under it.
BOND EXCHANGE STATEMENT.
Assistant Secretary Vanderlip has Is
sued the following statement, compiled
by the government actuary:
For the information of the holders Of
either the per cent bonds of 1905 the
4s of 1907 or the 5s of 1904, now subject
to exchange under the provisions of
section IL of the act of March 4, 1900:
The present worth of a $100 per cent
bond of 1903, upon a 214- per cent basis,
May 81, 1860, was $105 $500; that is to say,
bond Of this, kind bought at $105 5S
will result in a, realization of the in
vestment and interest thereon at the rate
of "a per cent, similarly, the present
worth of $100 4 per cent bond of 1897,
upon "a per cent basis, May 81, 1850,
was Sill. .4916. The present worth of a
500 per cent bond of 1904, upon a 2H
per cent basis May 81, 1900, was $1O9. .6572.
In part exchange for bonds of the above
named classes the government gives a
thirty-year per cent gold bond at par.
The difference between the par of such
new per cent bonds and the present
worth of the old bonds, as above indi-
Gated, is paid In cash to the holders of
the old bonds offering them in exchange
for the new Is. If, at the date of ma
turity of the old bonds, the per cents
which have been exchanged for them
are worth-in the case Of the 8 per cents
Of 190S-$102. .2341; in the case of the per
cents of 1907 $1O1. .9l44 in the case of the
per cents of 1904, 500 9532-then there
will be neither profit nor loss in the
transaction of exchange. If, at the ma
turity of the old bonds, the new Is are
worth more than this, there will be a
profit to the person making the ex-
change, in addition to the advantage of
obtaining a gold bond of long period.
The new Is were quoted in the New
York market March 80, 1900, at 1041s and