The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1902-02-26
ANTITRUST LAW.
Full Text Of the Bill Recently Passed
BY the Legislature.
VARIOUS PENALTIES PROVIDED.

How Prosecutions ana SuiIS -H'ia1 '>
Brought for Violation oc the
Law. Form Of Affidavit TO
be Made.
The following is the text Of the bill!
passed by the house entitled "A bill tc
prohibit pools, trusts, monopoIIeS ana
conspiracies to control business ana
prices of articles. to prevent the Tor
nation or operation of pools, trusts
monopolies and combinations OF char
ters of corporations that violate the
terms of this act, and to authorize the
institution of prosecutions and suits
therefor"
Section /. Any corporation organiz-
ed under the laws of this or any other
State or country. and transacting OF
conducting any kind Of business IN
this State, Or any partnership orindi-
vidual. or other association OF per-
sons whatsoever. who shall create, en-
ter into, become a member ofo a par
ty to any pool, trust, agreement. com
bination, confederation or understand
ing with any other corporation, part
nership, individual or any other per-
son or association Of persons, to regu-
late or fix the price Of any article OF
manufacture, mechanism, merchan-
disc, commodity, convenience, repair,
any product of mining, or any article
or thing whatsoever, or the price or
premium to be paid for insuring pro-
perty against loss or damage by fire.
lightning or storm, or tc maintain
said price when so regulated or fixed,
or shall enter into, become a member
Of or party to any pool, agreement.
combination contract, association or
confederation to fix or limit the
amount or quantity Of any article OF
manufacture, mechanism merchandise.
commodity, convenience, repair, any
product of mining, or any article or
thing whatsoever, or the price or pre-
MUM to be paid for insuring proper
ty against loss or damage by fire,
lightning, storm, cyclone, tornado, or
any other kind Of policy issued by any
corporation, partnership; individual
or assocition of persons aforesaid, shall
be deemed and adjudged guilty of a
conspiracy to defraud and be subject
to the penalties as provided by this
act.
Sec. 2. a monopoly" is any union.
or combination, or consolidation, or
affliation of capital, credit, property,
assets, trade custom, skill or acts, or
any other valuable thing or possession,
by or between persons, firms OR cor
porations, or associations Of persons,
firms or corporations, whereby any one
of the purposes or objects mentioned
in this act is accomplised, or sought
to be accomplished, or whereby any
one or more Of said purposes are pro-
NOTED, or attempted to be executed or
carried out, or whereby the several re-
suits described herein are reasonably
to be produced: and monopoly as
thus defined and contemplated in
cludes not merely such combinations
by and between two or more persons.
firms or corporations acting for them
selves, but is especially defined to in
clude all aggregations, amalgamationS,
affiliations, consultations or incorpo-
rationS, of capital, skill, credit, assets,
property, customs, trade, or other val
liable thing or possession, whether eff
fected by the ordinary methods Of
partnership or by actual union under
the legal form CT a corporation, or an
Incorporated body resulting from the
union Of one or more distinct hrmS or
corporrtions, or by the purchase, &C
quisition or control Of shares or certif-
Gates Of stock or bonds, or other cor
porate property or franchises, and all
corporationS or partnerships that have
been or may be created by the consoli-
dation or amalgamation Of the seper-
ate capital, stock, bonds, assets, cred
it, properties, custom, trade or corpo-
rate or firm belongings Of two or more
firms or corporations or companies. are
especially declared to constitute mo-
nopohes, within the meaning Of this
act, if so created or entered into for
any one or OF more of the purposes
named in this act; and monopoly"
as6efned in this section, is hereby de-
clared to be unlawful and against pub
lie policy; and any and all persons,
firms, corporations or association of
persons engaged therein shall be
deemed and adjudged guilty of con-
spiracy to defraud, and shall be sub
iect to the penalties prescribed in this
act.
Sec. 8. If any person, persons,
company, partnership, association or
corporation engaged in the manufac-
ture of any article Of commerce or con-
sumption from the raw material pro-
duced or mined in this State, shall,
with the intent or purpose Of driving
out competition, or for the purpose OF
financially injuring competitors, sell
at less than the cost Of manufacture,
or give away their manufactured pro-
ducts, for the purpose Of driving out
competition or financially injuring
competitors engaged in the manufac-
ture and refining Of raw material in
this State, said person, persons, COM
pany, partnership, association or cor
poration resorting to this method of
securing monopoly in the manufac-
ture refining and sale Of the finished
product produced or mined in this
State, shall be deemed guilty Of a con-
spiracy to form or secure a trust or
monopoly in restraint of trade, and,
on conviction, shall be subject to the