The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1902-03-05


| aforesaid, in the same manner and I
, the same extent as referee appointe
to hear, try and determine an issue {
fact or law.
Sec. 5. This act shall take effect in
mediately upon its approval, and shaI
, be deemed and taken as cumulative G
all statutes of this State.
TO PROHIBIT TRUSTS.
Following is the full text of the act L
prohibit pools, trusts, monopolies an
conspiracies to control business an,
prices of articles, to prevent the forma
ton or corporation of pools, trusts
monopolies and combinations of char
ters of corporations that violate term
of this act, and to authorize the in
sitituton of prosecutions and suit
therefor,
Section 1. Any corporation organic
ed under the laws of this or any othe
State or country, and transacting o.
conducting any kind of business in this
State, or any partnership or individual
or other association of persons what
soever, who shall create, enter into, be
come member Of or party to any
pool, trust, agreement, combination
confederation or understanding with
any other corporation, partnership, in,
dlvidual or any other person " associa,
tlon Of persons, to regulate or fix the
price OF any article of manufacture
mechanism, merchandise, commodity
convenience, repair, any product OF
mining, of any article or thing what
soever, or to maintain said price when
so regulated or fixed, or shall enter
into, become member of or a party to
any pool, agreement, combination, con-
tract, association or confederation to
lix or limit the amount or quantity of
any article of manufacture, mcChan-
ism, merchandise, commodity, conve-
nicDcc, repair, any product of mining,
or any article or Thing whatsoever, or
The price or premium to be paid for IN
surlng property against loss or damage
by fire, lightning, storm, cyclone, tor
nado, or any other kind of policy is.
sued by any corporation, partnership,
individual, or association Of persons
aforesaid, shall be deemed and adj
judged guilty of conspiracy to de-
fraud, and to be subject to the penal.
ties as provided by this act.
Sec. 2. A monopoly" is any
union, or combination, or consolida-
ton, or a1iliation of capital, credit,
property, assets, trade, customs, skill
or acts, or any other valuable thing or
possession, by or between persons,
firms or corporations, or association of
persons, firms or corporations, where
by any one of the purposes or objects
mentioned in this act is accomplished,
or sought to be accomplished, or
whereby any one or more of said pur-
poses are promoted, or attempted to
be executed or carried out, or whele-
by the several results described are
calculated to be produced;
and q monopoly" as thus defined
and contemplate !, includes not Nero
ly such combinations by and between
two or more persons, firms or corpora
tions acting for themselves, butts espe-
cially defined AT !. intended to include
all aggregations, amalgamations, atlili-
atoms, consultations or lncorp "a
tlons of capital, skill, credit, assets,
customs, trade, or other valu-
able thing or possession, whether ef-
fected by the ordinary methods of part
nership or by actual union under the
legal form iOf Incorporation, or an in
corporated body resulting from the
union of one or more distinct firms or
corporations, or by the purchase, ac-
quisitlon or control of shares or certifi-
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 consol-
idation or amalgamation of the sepa-
rate capital, stock, bonds, assets, credit,
custom, trade or corporate
or firm belongings of two or more
firms or corporations or companies, are
declared to constitute mo.
within the. meaning of this
act, if 80 created or entered into for
any one or more of the purposes
named in this act; and q monopoly"
as defined in this section, is hereby de-
clared to be unlawful and against pub
lie policy; and any and all persons,
firms, corporations or associations of
persons engaged therein shall be
deemed and adjudged guilty of con-
spiracy to defraud, and shall be sub
ject to the penalties prescribed in this
act.
Sec. 3. If any person, persons, COM
pany, partnership, association or cor
poration engaged in the manufacture
or sale of any article of commerce or
consumption from the raw material
with the intent or purpose of driving
produced or mined in this State, shall,
out competition, or for the purpose of
financially lnjuring 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 reffnining of raw material in
this State, said person, persons, COM
pany, partnership. association or cor
porati0n 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 con-
spiracy TO form or secure q trust or
monopoly IN restraint of trade, and,
on conviction, shall be subject to the
penalties of this act.
Sec. a. Any person, partnership
firm or association, or any representa-
tive or agent thereof, or any corpora