New-York tribune., 1903-01-03
H0AR ANTITRUST BILL.
Publicity Leading FeatWre-COn-
gressmen Study 1t Eagerly.
Try TELEGRAPH TO THE TRIBUNE. ]

gT6SSH2fn ISTHdY EugfFtY-
Try TELEGRAPH TO TIE TR.RuNEl
Washington Jan 2.-After nearly two weeks
OF The most strenuous activity Senator Hoar
to-day completed the Antitrust bill he uneX-
pectedly gave notice of just before the adjourn
nnent OF Congress. Despite the Importance at
tached TO the work Of the venerable Senator
from Massachusetts. there little or no gen
erai comment made by the few Congressmen in
town PERHAPS the most outspoken critic Of
the measure was john J. jenkins. chairman
OF the House Committee on Judiciary. whose
severe criticism OF Senator Hoar's measure is
found in another column. Senator Cullom- VINO
declared that he had already been Incorrectly
quoted as rezretting the fact that he consented
TO the reference of his Antitrust bill to Sena-
Tor Foar's committee. would not venture any
opinion until he had heard Senator Hoars per
sonai explanation of the measure Senator
Srooner fortified himself with a copy Of the bill
and declared his intention OF studying IL until
Congress rea ssernbled-
few Of The more ready. If less welsnty' mem
he-s ventured 70 question the consululloila4Ils
cf certain portions of the bill. but more eAPeII-
enced members pointed out that senator 11o6l
was one Of the greatest authorities on the CON
s1i7,5rfon and the least likely Of all senators
te be caught framing an unconstitutional meas
ure. Rather more significant were the prophe-
,ias heard on ell sides that the measure was
-,,- destined TO PASS This about the only
real comment that could be secured The Con-
sressmen in the city eagerly seized COPIES o.
the bill and retired to peruse 1t haroIy rs
- --esri,,- Than the bill itself is the speech win
which Senator Hoar is TO present MS Dill I u
5svs he has been engaged in the preparation
cr this address. which it is predicted will con-
srfrute not merely his most important speech
,f he session but also classic on the SUBJECT
cf antitrust legislation
TFET OF ME-. HOAR'S BILL.
The bill GOES TO the Committee on Judiciary OF
which senator Hoar is chairman Following Is
The full text:
-. ief1 sa+te 81 February lss7. CHAPTER lo4 en-
ttled An Act to Regulate CoITL1eree; os TuIv
rseS iIsrrer 81 entitled An Act 10 fToteSt sJ
81 SiI-,-9iIE snail continue in force, and snall IN
~ v4se 5e held 10 be limited, RESTRAINED OF re-
Eealed by this act
SECTION Il
-..- -. A--o~nev General is authorized 10 en-
nc an. Professional other assisIaIlee -If
MS = 6eT this act or under the acts heTeln ~
rrcrr mentioned. 70 which thls Is an -or thar
- lke ~ - zT7 Of s5eoooo or 50 much thereof as
nnE aZ ne = he Treasury not otherwise aPpro-
SECTION III.
That from and after the thir@sth @ day o 2f co56ang J9es N
~ ear 1so4 no corporation, Joint STOCK - not not
- ne association, whose stocknoloers Nv
rs5naily- liable for their debts crssnsI ccs - Nth
-a+a Or Territory. shall engage IN oT
-ure=r nations or aIncns 7Se "a. ISnless II shall
-.-fT7fV with the following conditloIs;; So. ~
f-5erstete Commerce Cou1nission signeS ana
sworn 10 by its president ts treasus i's - Nv the
i, E~S sfs directors Of such corporations
sfo1lz COMPANIES and other assoEla ions U-
lefcre the -5tA Gay q SeI,lrnesL' 81. - sen
-.--lsr in .4rh year thereafter hle a IKE
-tsnt for TIE year ending with the s9Ih U0S -
.l.r.e IA said years. respectively sI.oNlnsi
--cc.7C-1-he amount Of its captal stoCA'
,-,rr+b-FIo1v much OF the same mas beer paid n
in sa z cash or L The sane e mas efves [of bv the
I'D corporation. jont stock company or other a.
-.-ation in lieu thereof. and The Falue OF what
,.-.f shall have been 50 received by II z..
tIfth-The names OF all the olcers anu C.I m 49,
asso1iat5cn ard al agents ntrusted with the son-
Sfx7h-The amount Il has paid in dividenos ouE-
s-c said period the rate Ct percentage OF such
s4ss ga s,aFerae2i 1r5 nj of az the stock owned by
= f any other corporation joint stock io 60ItlIaiy
soirt stock company other association, and the
,7-5Tnaer and value Of shares in each; the amount
- is own stock held by other corporations joint
stock companies or other ASSOCIATIONS, sElo me ne
--alue thereof. and the amount Of stock u otneT
corporations. Ioint stock companies or other as
--x irrerest directly or ino1rectly. absolute
conditionsl legal OF equitable speci1ylng the COZ
ilo-s. l-'--''
F-5erth-- An undertaking signed by said officers
Tlv with the provisions OF this and all other laws
- TIE United States in the management OF tne az
fairs q said corporations joint stock companies or
other associations. and that they accept the pro
-Iscrs and liz biltties of this act and the ooliga-
lions by II imposed long they shall continue
- hold or exercise said Office or authority.
This statement shall be IN addition TO all state
r7-rrs now or hereafter required by the Interstate
Commerce Commission. or by any other public au-
rhorItV
II anv tine require Of any corporation joint stock
cornpar- or other association 50 engaged. any
sferuert he nav think ct in regard 10 the con-
duct Gf its business: and he may especially require
grlv such corporation Joint stock company other
association give list Of all contracts or trans
acted entered into within the twelve months
preceding such reCuisition. in which II has sold
any article or product or carried any article or
product rate less than the ordinary market
price = such article product had been sold
such transaction And be may further require the
reasons for such distinction and the circumstances
attending the same