The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-24

Anti Trust Measure by House
Sub. Committee.
WILL BE REPORTED TODAY
The Sub Committee Offers il to the Judiciary
Committee as Substitute for the
Publicity B Il by Liz
H. Id.
CBy the Associated Press.)


Washington, d. c., Jan. 22-Represen-
tative Littlefield. of Maine. chairman of
the sub committee of the House Judi
cfary Committee, to which all anti trust
bills were referred, will tomorrow report
to the full judiciary Committee bill
which has been drawn and adopted by
the subcommittee. Several weeks have
been devoted to the preparation of the
bill, the subcommittee having consider
ed some twenty-five to thirty measures.
The bill is offered as a substitute of
the publicity bill, introduced by Little
field at the last session. The full COM
mittee is expected to take the bill up to-
morrow and decide if it is to be reported
to the House as now framed
Section l OF the bill provides that every
corporation engaged in interstate COM
merce shall file a return with the Inter
State Commerce Commission under oath,
stating its name, date of organization,
where and when organized, giving stat
utes under which it is organized, and all
amendments thereof: if consolidat ted,
naming constituent companies and where
formation as to such constituent COM
panies, so far as applicable, as is herein
required of such corporations. with full
reference to laws under which all the re-
organizations have taken place, with the
name information as to all prior COM
panies in the chain of reorganization,
so far as applicable, as is herein re-
quired of such corporation amount of au-
it is divided, par value, whether common
or preferred and distinction between
each; amount issued and outstanding
amount paid in; how much. if any, paid
in in cash. and how much, if any. in
property; if any part in property, de-
sSribing in detail the kind and character
and location, with it's cash market value
at the time it was returned in payment,
giving the elements upon which said
market value is based, and especially
whether in whole or in part upon CAPT
taliZation Of earnings, earning capacity,
or economies with the date and the cash
price paid therefor at its last sale: the
name and address of each officer, man
aging agent, and directors; a true and
correct copy of it's articles of incorpora-
ton; full, true, and correct copy of
any and all rules, regulations and by
laws adopted for the management and
control of it's business and the direction
of its officers, managing agents and
directors
Any corporation failing to make such
return may be restrained from engaging
in Interstate commerce.
Section 2 provides that swearing to a
false return shall be punishable as per-
jury.
Section provides for the publication
for free distribution of such returns.
Section 4 confers upon the commission
the same authority to inquire into the
management of all corporations as it now
possesses with respect to railroad cor
porations and provides penalties for re-
fusal to answer lawful inquiries or to
produce books and papers.
Section provides: That any person,
carrier, lessee, trustee, receiver, officer,
agent. or representative of any carrier
subject TO the act to regulate commerce
who or which shall offer, grant give,
solicit. accept. or receive any rebate,
concession, facilities, or service in respect
to the transportation of any property in
interstate or foreign commerce by any
common carrier subject to said act
whereby any such property shall by any
device whatever be transported at a less
rate than named in the tariffs published
and filed by such carrier, as is required
by said act to regulate commerce, or shall
receive any advantage by way of facili-
ties or service. shall be deemed guilty of
misdemeanor, and shall upon convic-
ton thereof, be subject to a fine of not
less than one thousand dollars"
Section 6 provides: "That no corpora
ton engaged in the production, manufac-
ture, or sale of any article of commerce
violating any of the provisions of section
of this act, or attempting to mono
police or control the production, manu-
facture, or sale thereof in any particu-
lar locality by discrimination in prices,
OF by giving special privileges or rebates
or otherwise, in order to destroy COM
petition therein in such locality, shall
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