The age-herald., 1902-02-10
Second Part of Industrial COm-
 missiiOn's Report Issued
J, 5, ATTORNEYS INSTRUCTED
Asks That Stringent Laws be Enact ed by Congress to Prevent w. cious Practice of Discriminate
 ing Between, Customers.

Washington, February 9.-The second part of the report of the industrial com mission was made public today. It cov- CTS manufactures and industrial combi- nations and it's recommendations quote from it's report to Congress 1900, in which it then recommended:
 That the President and organizers or industrial combinations which looked to the public to purchase or deal in their stocks or 'securities should be required to furnish full details regarding the or ganiZation and that the larger corpora tions-the so-called trusts-should be re- quired to publish annually properly au- dited report. showing in reasonable de- tail their assets and liabilities, with profit or loss for government inspec- tion.
 In addition to the above the commis- sion now recommends:
 That district attorneys of the United States be directed to institute proceed ings for violations of the federal anti trust laws.
 That combinations and conspiracies, in the form of trusts, or otherwise in re- straint of trade or production, which by the consensus of judicial opinion are un- lawful. should be so declared by legis- lation uniform in all jurisdictions, and such statutes should be thoroughly en- forced.
 To Prevent Vicious Practice.
 That stringent laws be enacted by the Congress and the several state legisla- lures, making both penal and criminal the vicious practice of discriminating be- tween customers. and cutting rates or prices in one locality below those which prevail generally, for the purpose of de- stroying local competition: and that such laws should give to any person damaged the right to sue for and recover pre- scribed penalties, and make it the duty of prosecuting officers to proceed against the offenders.
 That to prevent over-capitalization, the several state legislatures enact laws similar to the anti-stock watering laws O, Massachusetts; also to provide for state supervisor of all the public service cor. porations with power to regulate rates for service and to pass upon the public need, desirability or exigency of any proposed new service.
 ''1 nat an annual franchise tax be i'm posed upon all state corporations en gagged in interstate commerce, calculated upon the gross earnings of each corpor ation from its interstate business; tha the minimum rate of such tax be low Iaiit hat fa ba with increased earnings.
 To Register Corporation.
 That there be created in the treasury department a permanent bureau, the du ties of which shall be to register all stat, corporations engaged in interstate or for eign commerce: to secure from such cor porations all reports needed to enabl, the government to levy a franchise ta, with certainty and justice and to collec the same; to make such inspection anC examination of tne business and account. of such corporations as will guarante, the completeness and accuracy of tn, information needed to ascertain whether such corporations are observing the con dftions prescribed in the act, and to en force penalties against delinquents and tt furnish to the Congress proper informa tion for possible future legislation
 That if a department of commerc, and industry shall be established one O its functions should be to call attention from time to time to such economic changes in the worlds progress as may suggest tariff notifications and also tC such commercial opportunities as may suggest reciprocal legislation or arrange. ments and furthermore to any evils incl. dent to combinations which changes in the tariff will correct
 That Congress provide for a commits sion to investigate and report as soon as possible what concessions in duties may be made without enuangering wages or employment at home, what advanta ges abroad may be obtained therefor and also to suggest measures best suited to gain the ends desired"
 LONDON STOCK EXCHANGE.