The Savannah morning news., 1902-12-14


Trust-Made Goods.
Washington. Dec. 13.-Hearings
were begun to-day before the sub-com-
mittee on Judiciary of the House, con-
sisting of Representatives Littlefield OF
Maine, Overstreet of Indiana. Powers
of Massachusetts, DeArmond of Mis-
souri, and Clayton of Alabama. on the
antitrust bills.
Representative Morrell of Pennsylva-
MIA, who has introduced a resolution
appropriating s25O,O0O for the use of the
Attorney General in enforcing the
| Sherman antitrust law, stated that he
had shown his resolution to the Attor
ney General. who. he said, was favora-
BILE to 1t. Mr.. Morren said also that
he had shown the resolution to the
President, who authorized him to say
| that he was heartily in favor of its
provision. Mr.. Morrell explained that
the President, however, had no thought
of debating in any way to the commit
tee.
Representative Gillette of Massachu-
! sets explained the purpose of his bill,
which provides for the seizure and con-
| Oh any property OWntu VI
| manufactured under any contract, or
| by any trust or combination or pur-
suant to any conspiracy forbidden by
| laws of a state, and being in the course
| of transportation from such state to
| another state" maximum penalty
of $4,000 fine or five years imprison-
ment is imposed.
Representative II. c. Smith of Mich
| igan, who introduced in the House
| int IN
ment to the constitution of the United
States, comforting upon Congress the
| power 10 regulate and dissolve trusts
and monopohes, submitted an argument
in favor of his bill, the purpose being
to clothe Congress with power to act
when deemed necessary.
Condemning Their Products.
Representative Shallenberger of Me-
braska was heard in support of his bill
providing for the appointment of a
non partisan commission to investigate
the subject OF corporations and the eff
fects of their formation upon the mar
ket, and report results to Congress
His bill also requires the publication
of reports showing the condition of
corporations and requires corporations
| to file statements with the commits
| sions Penalties are provided for nom
| compliance with the provisions of the
bill and for false returns.
suIzer Agrees with President.
Representative Sulzer of New York
explained the provisions of a-bill which
he has introduced, the points of which
were stated in recent dispatches.
1T am in line to-day with the Presi-
dent of the United States" said Mr.
Sulzer, ION the trust question, and
want to see this Congress do some
thing in line with his recommended
| tons"
Representative Bell of Colorado was
next heard. He Is author of a bill re-
| curing corporations having capital
stock of $4,000 or more to file with the
Secretary of the Treasury annual
statements under oath. giving detailed
information regarding their condition,
financial and otherwise. The secre-
tary is authorized under the bill to
make rules and regulations which will
| enable him to obtain a complete ex-
position of the methods of corporations
in their dealings with the public, and
\ the Attorney General is directed to
| proceed against any concern making
| false returns.
After teaIirg Joseph Nimmo, Jr.,
the committee adjourned until Tues
day when further hearings will be
| given.