Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-09-16
TIE ANTITRUST Plans
Forecast Of Bill Which Littlefield
Will Place Before Next
Congress
SUBMITTED TO THE PRESIDENT
Roosevelt Said to Have Endorsed the
Plan Outlined by LittlefeId and Ap.
proved by Attorney General Knox
Publicity Ono Of the Features of the
Mea sure.

Boston, Sept. 16.-An authoritative
forecast of the Littlefiell anti trust bill.
which has been Endorsed by President
Roosevelt and will be introduced in the
house In the early weeks of the next
session, will be published here today by
the Boston Advertiser.
Both Attorney General Knox and
Littletield pointed out to the president
that the great trouble with anti-trust
legislation up to this time Is that peo-
pie have been unable to prove the in
side workings of the trust. They both
recognize that If anything is to be done
it must be possible to get at the big
men.
Yet how can the big men be brought
on the stand to testify against them
selves, when the constitution says that
no man'is to be convicted upon his own
testimony: that he shall not "be COM
PEELED in any criminal case to be wit
ness against himself?"
The plan for getting around this con-
stitution bar is very ingenious. 1t is
also very simple. The arrangement Is
this: In all prosecutions. hearings. and
proceedings no person shall be excused
from attending and testifying or from
producing books. papers. contracts,
agreements and documents before the
courts Of the United States, or the COM
missioners thereof. or in obedience to
the subpoena of said courts or COM
missioners on the ground or for the
reason that the testimony or evidence,
documentary or otherwise. required OF
him may tend to criminate him or sub
ject him to a penalty or forfeiture; but
no person shall be prosecuted or sub
jected to any penalty or forfeiture for
or on account of any transaction, mat
ter or thing concerning which he may
testify or produce evidence.
In other words, II men like Morgan.
Hill and Vanderbilt should be engaged
in a railroad deal which secretly en-
bodies some agreement Of trust char
acter. any complainant who suffers in
jury from this agreement can bring
these kings of finance into court and
make one of them testify against the
others-make him turn states evidence
against his own will. The man who
sues a trust and has the facts behind
him that will prove that he has suffered
damages from the operations of any
company which works In restraint of
interstate trade or commerce. is:
1. To receive three times the actual
amount of damages suffered.
2. To have all his lawyers fees paid
by the trust.
8. To have the trust pay all other ex-
penses of the suit, including the court
costs.
Any man who has a good case against
the trusts can go to the best lawyer in
the United States and can summon Wit
nesses from anywhere within the jur-
isdiction OF the federal government
with the certainty that the trust, and
not he.is to meet all the enormous ex-
pense incurred. He will know also that
he can summon the trust officials
themselves OH the witness stand and
prove his own case by the testimony of
some man who knows all the facts.
But the antitrust bill will go fur
Their than that, and will attempt to
hold shield over any Spectator who
goes into the stock market and buys
trust securities. All corporations en-.
gagged in interstate commerce, not
merely the big concerns like the trusts.
but practically every business concern
which fills orders outside of the state in
which it's home office is located, is to
file every year with the Secretary of
the Treasury a statement showing its
po,,o data pf nrpaniyatfnn whar, and
when organized, giving statutes under
which it is organized and all amend
ments thereof; If consolidated, name
constituent companies, with the same
information as far as applicable; If re-
organized, the name of the original COR
pOratfOn, or corporations, with full ref.
erence to the laws under which all the
reorganizations have taken place.
In addition the statement must show
the amount of a used capital stock,
shares into which 1t Is divided, par val
ue, ETC.; amount issued and ,outstand-
w pred Ioql9uM :uI pred luno,ug SUI
cash or property, describing in detail
qspo slI ql!M l9logIguo pug pu!N sul
market value at the time 1T was re-
ceived In payment, giving the elements
upon which said market value is based:
a statement OF assets, specific and cir
cumstantial, total earnings and income,
operating expenses, interest, taxes,
maintenance, permanent improves
ments, net earnings and dividends de-
clared and other details even to the
salaries Of the officials and the wages
OF the employees.
Any official who makes or causes to
be made a false statement, or prepares
or causes to be prepared any incorrect
figures shall be guilty of perjury or
subornation of perjury. The object of
these returns is not simply to protect
the stockholders or bondholder, but to
get after j. Pierpont Morgan's suppos-
ed policy of "capitalizing earnings"
To carry out this feature of the pro-
gram there is to be imposed a tax of
per cent annum on all capital stock
issued and outstanding of any corpo-
ration engaged in interstate commerce
whose outstanding capital stock is not
fully paid in cash or other property at
its cash market value, or whose capital
stock is based wholly or in part. di-
rectly or indirectly, during any period
of it's development upon the capitali-
cation of earnings, earning capacity or
economics.
General Wants Mail Route.
Louisville, KY, Sept. 16.-Gen.
Castleman, one of the
most dignified citizens of Louisville,
noted as a breeder of fine saddle horses,
praoi6ant 1T tho Huntsville hoard of