Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-14
MEASURES
EXPLAINED BY AUTHORS.
Wearing Before Sub Committee
Sulxcr in Line With the fresi-
dent.

WASHINGTON, D. c., Dec. 15.-Hear-
ings were begun to-day before the Sub
Committee on judiciary of the House
consisting of Representatives Littleheld,
of Maine: Overstreet, OF Indiana; Pow
ers. of Massachusetts; De Almond. of
Missouri; and Clayton, of Alabama. on
the antitrust bills.
Representative Morrill,. of Pennsyl-
vania who has introduced a resolution
appropriating $4,000 for the use of the
attorney general in enforcing the Sher-
nan antitrust law, stated that he Lad
shown his resolution to the attorney
general who. he said. was favorable 10
it. Mr.. Morrill, also said that he had
shown the resolution to the President,
who authorized him to say that he was
heartily in favor of it's provision.
Mr.. Morrill, explained that the Pres'-
dent however, had no thought OF dlctat-
inc in any way to the committee.
Representative Gillette. CT MaSsachu-
sets explained the purpose of his bill,
which provides for the seizure and con-
domination of any property owned ~
manufactured under any contract OF by
any trust or combination or pursuant TO
any conspiracy forbidden by laws OF q
State and being In the course OF trans
noration from such State to another
State.
A maximum penalty of $4,000 fine or
five years imprisonment is imposed
CONSTITUTIONAL AMENDMENT.
REPRESENTATIVE H c. Smith. of Michi-
gan. who introduced in the House a joint
resolution proposing an amendment 70
the Constitution of the United States
comforting upon Congress the power to
regulate and dissolve trusts and mono
poles submitted an argument III favor OF
his bill. the purpose being to clothe Con-
rress with power TO act when deemed
necessary.
Representative Shallenberger, of Ne
braska, was heard in support OF his bill,
providing for the appointment OF non
partisan commission TO investigate the
subject of corporations and the effects Oh
their formation upon the market, and re-
port results to Congress. His bill also
requires the publication of reports, show
ing the condition OF corporations, and re-
uuires corporations to file statements with
the commission. Penalties are provided
for noncompliance with the provisions of
the bin, and for false returns.
Representative Sulzer. of New York eN-
planned the provisions of a bill. which he
has Introduced, the points OF which We're
stated in recent dispatches.
Il am in line to-day with the President
of the United States said Mr.. Suzer, ION
the trust question. and want to see this
Congress do something in line with his re-
concentrations.
Representative Bell. of Colorado, was
next heard. He is author OF bill re-
curing 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 8: complete exposition of the meth
DDS Of corporations in their dealings with
the public. and the Attorney General is
directed to proceed against any concern
making false returns.
After hearing JOSH Nimmo, Jr.. the
committee adjourned until Tuesday, when
further hearings will be given.