The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1900-04-17
TWO MEASURES
AGAINST TRUSTS
The House Subcommittee
Trusts to Report.
PROPOSED LEGISLATION
Amen dment Giving Congress Power to
Deal With Trusts.
AN EXTENSION OF THE SHERMAN ACT
Judge Ray, Chairman of the Judiciary Com
mittee, Gives Out a Summary Of the
Proposed Measures, Explaining
Tier Provisions.
(Bv the Associated Press.)

By the Associated Press
directed against trusts We're determined
upon today by the special subcommittee
on trusts of the House Judiciary Com
mittee. The special subcommittee has
spent many days examining the various
remedies proposed and the conferences
were not concluded until a late hour to-
day. AS agreed upon the remedy is two
fold. namely, a constitutional amendment
giving Congress full power TO deal with
trusts and a new antitrust law making
the following extensions to the Sherman
Act:
First, requiring the branding or mark
ing Of trust made goods shipped out of
a State. so as to be easily identified as
the product of a trust.
Second. prohibiting the interstate traf-
fc of trust made goods not so branded and
making them subject to seizure and
~ondemnation.
Third, requiring corporations having a
capital over 81 ,O00, 600 or doing an an
nual business of 81, 000, 900 to file a report
of their affairs with the Secretary of
State.
Fourth, providing the process of in
junction against combinations 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.
Judge Ray, of New York, Chairman OF
the Judiciary Committee. and of the Spe-
ciaI S,1h-Con nit TOO on Tr,ctc pava p,,r
the following summary of the measures:
The sub-committe of the Committee
on the Judiciary today agreed to report
to the full committee a proposed Consti-
tutiOnal amendment, which provides that
Congress shall have power to define, regu-
late, control, prohibit or dissolve trusts,
monopClies or combinations, whether eX-
listing in the form Of a corporation 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 this amendment
grows out of the fact that it is held
by the Supreme Court Of the United
:. States that manufacture and production
are not part OF interstate and
cannot be reached under the interstate
Idu u Tie CONSTITUTION even
though monopoly in manufacture Indirect
~ affects of controls such commerce..
Therefore. monopoly in manufacture is
not restrainable by Congress even when
it controls the output OF an article OF
necessity TO all the people in all the
States and fixes the prices at will.
Another measure amends the act OF
July md, 1890, being an act TO protect
trade and commerce against unlawful re-
stralnts and monopoly and known as the
sherman Act. The proposed bill IL
creaSeS the penalties fixed by that ac,
and adds thereto five new sections. The
new sections relate to producing and
manufacturing corporations and associa-
lions organized or managed for the pu"-
pose Of controlling or monopolizing man
ufacture or production or so conductive
their business as to m~onopoIize manufac-
ture.
1T provides that corporations and asso-
cations organized and carrying on bust
ness for such a purpose shall mark goods
shipped without the State in which pro
duced and that the same shall not be
transported or carried without such
State when not so marked either upon the
good themselves, the packages contain
ing same or the cars in which shipped
Articles OF commerce not marked NAV
be seized and condemned when made g
part OF interstate 1t is furth-
er provided that corporations and asso-
cations organized with or having a capi-
tai stock of one million dollars or over. OF
dong a business of one millions dollars
or over per annum shall before heins
permitted to transport their product int
any other State or territory file with in.
secretary of State of the United State.
d report making substantially the same
\ showing now required of railroad am
steamship companies engaged in inter.
state commerce.
1t further provides that CORPORATION,
and associations formed or carving OF
tnelr business for the illegal purpose!
aforesaid may be restrained from CARVING
on interstate or foreign ant
also provides that when such corpora.
IONS or associations are adjudged illega
within the meaning of the act, it and its
officers and members shall be prohibited
the use OF the mails in aid of their illeea
designs. Penalties are imposed for viola.
lions OF the act and jurisdiction is con.
1erred upon the circuit and district courts
and 1T is made the duty of the Attorne,
General and OF the several district at.
1orneys of the United States to institute
all proceedings, civil and criminal. neces.
Sary TO prevent or punish violations o
the act, which is to take effect June 3Oth
1900"