The Minneapolis journal., 1903-01-23
THIS | IS FOR TRUSTS Us J,
Main Points in the Littlefeld Bill
Providing for Publicity y
r.. .y> and Control. -.'-- 7
Complete Records Must Be File .
Rebates Forbidden-Mo-
nopolies Punished.

Washington, Jan s-Representative
IttleAeld, chairman of the house sub
committee OF the judiciary committee, to
which all anti trust bills were referred,
has reported to the full Judiciary commit
tee a bill which has been adopted by the
subcommittee.
The bill Is called "a bill requiring cor-
poratiens engaged in interstate commerce
to make returns, prohibiting rebates and
Determinations. the use Of Interstate ccm-
merce' in attempts to destroy competl''
tion and for other purposes.
1t is enacted that every corpora ton
whenever organized shall file return |
with the interstate commerce commission !
for the year ending Dec. 81, when
ever requested giving date OF Or
sanitation. where and when orzanized, |
statutes under which it is organ
lied and all amendments thereof; If con-
soidated, naming constituent companies, |
with the"same Information as to all prior
companies, authorized capital stock,
shares into which it is divided. par value,
whether Common preferred. and dis
tinction between each amount issued and
outstanding; amount paid in; how much,
II any, paid in in cash. and how much. If
any, in property; II any part In property,
describing In detail the kind and character
and location, with it's cash market value
At the time it was received in payment,
giving the clements upon which said mar
ket value is based, and especially whether
in whole or in part upon the capitalization
OF earnings. earning capacity ceremonies,
with the date and the cash price paid
therefor al it's last sale; the name and ad-
dress of each officer. managing agent ana
director; a true and correct copy OF It's
articles Of incorporation: a full. true and
correct copy Of any and all rules, regula-
tions and bylaws adopted for the man.
asement and control of its business and
+ha direction Of it's officers, managing
agents and directors.
Cpon It's being made to appear to the
satisfa ction Of the commission that with
out fault on its part 1t is impractlcsole
Io- s,,ch corpnation to furnish any of its
items aforesaid, it may, by written order
of said commission. be excused from fuf-
nshing such item or Items
The commission shall prepare a blank
return for corporations. containing the
foreeoing requirements. and shall make
such rules aud regulations as may with
in It's Judgment be necessary TO carry OUT
the purposes OF this act
Anv corporation failing to make such
return may be restrained. ON the SUIT OK
the United States, from ensdss s rst,,rn ~ ' is
tsrstate commercs until sucn return Is
made. Suit may be brought In any dis
trict Of the United states.
section 2-That whoever knowingly
swears to a return that is false shau De
deerned guilty OF perjury and punished as
nrovided in section 5302 Of the Revised
statutes Of the United States.
Section 9-That it shall be the duty OF
the commission to publish on the flrst
Aav Of Juno a list OF all corporations with
an abstract OF such returns Tor free ais
tribution. ~. ..
Management Of Business.
Section 4-The commission shall have
the same authority 10 l'lqure Il.o Sn .l,o
MANAGEMENT Of the business of corpora
lions relating to interstate and foreign
commerce with the power to compel at
tendance and giving Of testimony and the
production Of books, papers, contracts
and agreements.
to make returns. attend and testify, or
answer any lawful inquiry shall be deemed
guilty Of an offense against the United
states, and upon conviction thereof shall
be punished by a fine OF not less than $oe0
nor more than $4,000.
Regarding Rebates.
Section B-That any person, carrier,
1sssee trustee, receiver. officer, agent or
representative Of carrier subject to the
net to regulate commerce. who or which
shall offer. grant. give, solicit, accept or
receive any rebate, concession, facilities.
or service in respect to the transporta-
ton Of any property in interstate or for
eiRn commerce by any common carrier
subject to said act whereby any such
property. shall by any device whatever
be transported at 8. less rate than that
named In the tariffs published and Alec
or shall receive any advantage by way
OF facilities or service, shall be deemed
guilty Of a. misdemeanor. and shall upor
conviction thereof be subject to a fine O.
not less than one thousand dollars.
Monopoly Forbidden.
Section e--That no corporation engaged
in the production manufacture or sale o
any article OF commerce violating any o
the provisions Of section Of this act o
attempting to monopolize or control tn
production, manufacture or sale thereo
in any particular locality by discriminate
IN prices. or by giving special privileges o
rebates otherwise, in order to destro
competition therein In such locality, sha
use, either directly or Indirectly, any Q
the facilities or instrumen ntalitfes of inter
state commerce or in any way engage i
interstate commerce for the purpose c
aiding or facilitating such production
manufacture or sale; nor shall any othe
person or corporation use any Of the ia
cilities or instrumentalties Of interstat
commerce for the purpose of enablin
such hrst mentioned corporation to en-
sage or to continue to engage in sue
production. manufacture or sale or con
troll with such intent. Every corporatio
or person violating the provisions Of thi
section shall be punished by fine Of nc
less than five hundred and not exceedin
fve thousand dollars.
Common Carriers.
Section Amy common carrier know
ingly transporting any property produced
manufa ctured, or sold in violation Of tn
provisions Of the act shall be subject to
penalty Of not less than $1,000.
Courts Must Act.
Section s-That the several circu
courts Of the United States are heret
invested with jurisdiction to prevent an
restrain the violation Of any of the plar
Of this act. The several district atto
neys Of the United States in their r,
spective districts under the direction
the attorney general. shall institute or,
ceedings In equity to prevent and r.