The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1900-02-24
The Cox Antitrust Bill.

Line COX ANTITRUST BILL
Following is the bill introduced by Hol
w. NJ. Cox, of Prentiss, as it passed tn
House on 18th inst, by vote of l0l to
Mr.. Cox made great speech in explains
tion and advocacy of the measure:
An act to define trusts and combine,
to provide for the suppression thereof, an
to preserve to the people of this State tn
benefits arising from competition in bust
ness.
Section /. Be it enacted by the Leeisla
ture of the State of Mississippi, That
trust and combine is a combination, con
press or implied, between two or more per
sons, corporations OF firms, or associations
of persons, OF between one or more o
either with one or more of the others:
(a)-In restraint of trade;
(b)-To limit, increase or reduce the
price of a commodity;
(c)-To limit, increase, or reduce the
production or output of a commodity;
(d)-Intended to hinder competition in
the.production, importation, manufacture
transportation, sale or purchase of com.
modify;
(e)-To engross or forestall commod-
ity;
(f)-To issue, own, or hold the certif-
Gates of stock of any trust or combine;
(g)-To place the control, to any ex-
tent, of business or of the products and
earnings thereof, in the power of trustees,
by whatever name called;
(h)-By which any other person than
themselves, their proper officers, agents
and employees shall, or shall have the pow
er to, dictate or control the management
of business; or
Gl-To unite or pool interests in the
importation, manufacture, production,
transportation, or price of commodity;
And Is inimical to the public welfare,
unlawful and criminal conspiracy.
Sec. 2. Any corporation, domestic OF
foreign, which shall restrain or attempt
to restrain the freedom of trade or pro-
duction; or which shall monopolize or at
tempt to monopolize the production, con-
troll or sale OF any commodity, or the pros
ecution, management or control of any
kind, class or description of business; or
which shall engross or forestall, or at
tempt to engross or forestall any com
modify; or which shall destroy or attempt
to destroy competition in the manu- a ture
or sale OF commodity, by offering the
same for sale at price below the regu-
lar market price and also below the nor
NAL cost of production; shall be deemed
and held trust and combine within the
meaning and purpose of this act, shall be
liable to all the pains, penalties, fines,
fcrfeitures, judgn ents and recoveries
herein denounced against trusts and COM
Dimes, and shall be proceeded against in
manner and form provided in this act in
case of other trusts and combines.
Sec. 3. Every contract or agreement to
enter into or pursue any trust and CON-
hine, and every contract or agreement
made by another with any trust and CON-
bine, or with any member of a trust and
combine, for any purpose relative to the
business of such trust and combine, is
void, and cannot be enforced in any court.
See. 4. Every corporation which shall be
= trust and combine, or enter into, be con-
eerned in, or share the profit or loss of any
trust and combine, shall forfeit its charter
ind franchise, and, if foreign corporation,
shall forfeit its right to do business in this
State. 1t is hereby made the duty of the
Attorney General of this State to en-
IOrce this provision by proceeding in the
nature of writ of quo warranto, or any
,ther appropriate remedy, upon the rela-
ion of any person whose rights are in
AIDED or interests threatened by any trust
" combine. Any person or persons who
hall form, constitute or promote, or at /
empt to form, constitute or promote, any
rust or combine within the meaning of
his act, as principal, director, manager,
gent, or in any other capacity, shall upon
onviction thereof, in addition to other
enalties hereir prescribed, be punished
y fine Ct not less tnan one hundred nor
iore than five Thousand dollars, or by i'm
risonment in the county jail not less
han thgee nor more than twelve months.
I By tnfh such fire and imprisonment
ahall be the duty Of the several circuit j
'dges 4 The State 70 specially call the