Adams County news. [volume] (Ritzville, Wash.) 1898-1906, 1903-01-07
sen. H0AR'S ANTITRUST BILE
HAS BEEN COMPLETED AND MADE
PUBLIC.
Will Soon Be Introduced In the Sen.
ate-WiIl Go to Committee on Judi.
cary OF Which the Senator Is Chair
man-The Bill Is Divided Into II.
Sections-PubIicIty His Theme.

Washington.-Sena Hoar has
completed and has made public the
antitrust bill which he asked leave
before the senate adjourned for the
holidays, to introduce.
The bill goes TO the committee on
judiciary. of which Senator Hoar
chairman.
The first section of the measure de-
clares that the act shall not repeal or
limit antitrust laws now on the sta
tute books.
Under section 2 the attorney general
Is authorized to employ any assistance
which may be deemed necessary or
desirable to prosecute offenses under
the act, or to make investigation into
the same; and for that purpose the
sum of 100000 is appropriated.
Section 3 provides that from and af-
ter June 30, 1904 no corporation. joint
stock company or other association
whose stockholders are not personal.
ly liable for their debts, created by
and state or territory, shall engage
among the several states. or continue
to carry on such commerce unless 1t
shall comply with certain conditions
enumerated in the bill.
Must File Sworn Statement.
These conditions provide among
other things that such corporations,
company or association shall file a
sworn statementin the office of the in
terstate commerce commission on or
before September Is, 1904, and in each
year thereafter file a like statement
for the year ending with the 18th day
Of June in said year, respectively
showing the amount Of its capital
stock and the market value OF the
same; how much of the same has
been paid In full in cash; the names
of the officers and directors and all
agents entrusted with the management
of its AFFAIRS the amount It has paid
in dividends during said periods; q
statement of all stock owned by 1t OF
any other corporation. company or as
sociation, specifying the corporation,
etc, and the number of shares and
value of such stock in each case; tho
amount Of its own stock held by other
corporations and the value thereof,
and the amount of stock In other co.,
porations held in trust for 1t, or In
which 1t has any interest; an under
taking signed by said officers, gen.
eral manager and directors, that they
will comply with the provisions OF this
and all other laws OF the United States
in the management OF the AFFAIRS OF
said corporations, joint stock compan-
les and other associations, and that
they accept the provisions and liabili-
ties OF this act and the obligations by
1t imposed so long rs they shall con-
tinue to hold or exercise said Offices
or authority.
The attorney general of the United
States may at any time require Of any
corporation, joint stock company or
other association engaged. any state
mcnt he may think fit in regard to the
conduct of its business, and he may
especially require any such corpora
tion, joint stock company or other as
sociation to give a list OF all contracts
or transactions entered into the IL
months preceding such requisitiOn In
which 1t has sold any article or prod
uct or carried any article or product i
at rate less than the ordinary market
price, II such article or product has
been sold or carried by any other perl
son than the party to such transact
tion. And he may further require the
reasons for such distinction and cir
cumstances attending the same.
Misdemeanors and Penalties.
Section provides that every per-
son, corporation, joint stock company
or other association engaged in COM
merce with foreign nations, or among
the several states who shall enter in
to any contract, combination or con-
spiracy for the purpose Of driving OUT
of business any other person engaged
therein shall be deemed guilty Of .
misdemeanor. Penalties for violation
are provided.
individuals Liable.
Section declares that officers or
agents who do anything prohibited 70
the corporation by the act shall bo IN.
dividually liable to the penalties pro.
vided.
Furnish Data on Demand.
Section 0 provides that any corporneS
tion, joint stock company or other g.
sociation that shall have been twieo<
adjudged to have violated the provtss
sions Of the act or either Of the acts
mentioned In section hereof by thu
final judgment OF any court havfn1
jurisdiction Of the question in any clHl
suit or proceeding to which said c.
poration shall have been a party, 81
commerce with foreign nations