The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-12-14
Seventh Anti Trust Measures.
(Bv the Associated Press.)


Washington, Dec. 13.-Hearings were
begun today before the sub Committee
on Judiciary, of the House. consisting of
Representatives Littlefield (Maine),
Overstreet Qndiana). Powers (Massa-
chusetts), DeArmond (MissourD and
Clayton (Alabama) on the Antitrust
bills.
Representative Morrell (Pennsylva
nia), who has introduced a resolution ap-
propriating $150000 for the use of the
Attorney General in enforcing the Sher-
man Trust Law, stated that he had
shown his resolution to the Attorney
General, who, he said, was favorable to
it, Mr. Morrell said also that he had
shown the resolution to the President,
who authorized him to say that he was
heartily in favor of its provision. Mr..
Morrell explained that the President,
however, had no thought of debating in
any way to the committee.
Representative Giolette (Massachu-
setts) explained the purpose of his bill
which provides for the seizure and con-
demnation of any property "owned or
manufactured under any contract or by
any trust or combination or pursuant to
any conspiracy forbidden by laws of
State and being in the course of trans
portation from such State to another
State. A maximum penalty of $4,000
fine or five years Imprisonment is i'm
posed.
Representative II. C. Smith (Michi-
gam, who introduced, in the House, a
joint resolution proposing an amendment
othe Constitution of the United States,
cnOfor,rinor 1IrOn (tODorrpGc tha Doxyar fo
regulate and dissolve trusts and mono
poles, submitted an argument in favor
of his bill, the purpose being to clothe
Congress with power to act when deemed
necessary
Representative Shallengbrger (Ne-
braska) was heard in support of his bill
providing for the appointment of q non
partisan commission to investigate the
subject of corporations and the effects
of their formation upon the market, and
report results to Congress. His bill also
requires the publication of reports show
ing the condition of corporations and re-
quires corporations to file statements
with the commission. Penalties are pro-
vided for non compliance with the pro-
visions of the bill and for false returns.
Representative SulZer (New York;
explained the provisions of a bill which
he has introduced, the points of which
were stated in recent dispatches. 81 am
in line today with the President of the
United States" said Mr. Sulzer, ION the
trust question, and want to see this Con-
gress do something in line with his
recommendations.
Representative Bell (Colorado)) was
next heard He is author of a bill re-
quiring corporations having a capital
stock of 100000 or more to file with the
Secretary of the Treasury annual state
ments under oath giving detailed infor-
nation regarding their condition, finan-
cial and otherwise The Secretary is au-
thorized under the bill to make rules and
regulations which will enable him to OBJ
tain a complete exposition of the
methods of corporations in their dealings
with the public and the Attorney General
is directed to proceed against any con-
Germ making false returns.
After hearing Joseph Nimmo, Jr., the
committee adjourned until Tuesday, when
further hearings will be given.