The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-18

bra ska-and Bryan would move if her
trust laws were not good-and claim nc
credit to myself, save one Of conscience
want to protect eastern North Caro-
lima from the contemplated lumber trust
which does not exist solely il my mag
nation but | know is real and will prove
disastrous to my people. | have heard
good lumber men say so-who were il
he employ of these companies. The
weakest trust law ever written is Tho
subterfuge of 80, which was a good bill
Mnen Mr.. Stevens presented it. but was
devitalized by lobbying attorneys; the
strongest trust~law is in the Democratic
platform if it only had the force of
statute.
This Legis' allure must betray a sacred
trust enact an effective antitrust
law Which will it do? Betrayed conf
dence will be pretty dangerous now that
the Niger is out of it. The foolish ar
gument that the trust will bust itself
ought not to weigh with US 1t is cor
rect, but how about the peoples interest
while ii lives? Let the worst toothache
alone and it will get we'll slime time. II
tie remedy for trusts is waiting" the
platform ought to say SO; not "falter" with
the people in double sense, and keep
the word of premise to their ears, but
break it to heir hopes" The bill ought
to pass unchanged.
The Senate Judiciary committee yes
terday afternoon decided to take Senator
Wards antitrust bill up for considera-
ticn on Tuesday afternoon.
TEXT OF THE BILL.
A bill to be entitled an Act to protect
trado. commerce and Transported, ION
from combina ion monopoly and con-
q. racv
The General ass emily of NorE ca G.
lima dc ,n9at
Section /. That chapter SOC of the Pub
lie Laws of 1899 be repealed and the fol-
lowing enacted in lieu thereof:
A trust is combination of capital. skill
or acts by two or more persons firms,
corporations or associations of persons,
CT either two or more of them. for eth
er. for any or for all of the following pur-
poses:
H. To create or carry out restriction
in trade or commerce or aid to commerce.
or to create or carry out restriction in
the full and free pursuit of any business
authorized or permitted by the laws of
this State.
CD To increase or reduce the price of
merchandise produce or commodities.
CD To prevent competition in manufac-
turing, making. transportation, sale or
purchase of merchandise, produce or COM
modities, or to prevent competition in aid
to commerce or trade.
(4.) To fix at any standard or figure
whereby its price to the public shall be
in any manner controlled or established
any article or commodity intended for
merchandise. produce of commerce in
tended for sale, use or consumption in this
State
f5,) To make or enter into or execute
or carry out any contract, obligation or
agreement OF any kind or description by
which they shall bind or have bound
themselves not to sell, dispose of or trans
port anv article or commodity or article
of trade. use, merchandise, commerce or
consumption below common standard
figure, or by which they shall agree in
any manner to keep the price of such arti-
Gle. commodity or transportation at a
fixed or graded figure, or by which they
shall in any manner establish or settle
the price of any article or commodity or
transportation between them or them
selves and others to preclude a free and
unrestricted competition among them
selves or others in the safe of trans
portation of any such article or commodi-
ty or by which they shall agree to pool
combine or unite any interest they may
have in connection with the sale or trans
portation of any such article or commodi-
ty that its price might in any manner be
affected.
Sec 2. Any corporation holding a char
ter under the laws of this State which
shall violate any of the provisions of
this chapter shall thereby forfeit his char
ter and franchise and it's corporate ex-
istence shall cease and determine.
Sec g. For any violation of any of the
provisions of this act by any corporation
mentioned herein it shall be the duty
of the Attorney General, the solicitor of
any district or either of them, upon his
own motion and without leave or order
of any court or Judge, and as soon as
possible upon receipt of information there
Of to institute suit in Wake county or
in any county of the State where such
corporation exists. does business or may
have a domicle, for the forfeiture of it's
charter rights and franchise and the
dissertation of it's corporate existence,
and the solicitor shall receive a fee as
part of the costs recovered out of defen-
dant as ordered b. the court
Sec 4. Every foreign corporation vio-
lating any of the provisions of this chap
ter is hereby denied the right and pro-
hibited from doing any business in this
State; and IT shall be the duty of the
Attorney General to enforce this provi-
sion by injunction or other proper pro-
ceedings in the Superior Court of Wake
county in the name of the State of North
Carolina.
Sec. ). Each and every firm, person.
corporation or association of persons who
shall in any manner violate any of the
provisions of this chapter shall for each
and every day that such violation shall
be committed or continued forfeit and
pay the sum of 500 to the use of any
person suing for the same.
Sec. s. Any contract or agreement in
violation of the provisions of this act
shall be absolutely void and not enforce
able in law or equity
Sec. z. The provisions hereof shall be
held cumulative of each other and Of all
other laws in any way affecting them now
in force in this State. provided this ChaD-