Omaha daily bee., 1903-01-03
HOAR'S ANTITRUST BILL
Measure he Asked Leave to Submit is
Now Completed.
IT WILL GO TO COMMITTEE ON JUDICIARY
Text of Proposed Law which is In
tended to Operate I'm Placing Re-
D. strsint on Monopoly is Made
known to Public.

senate adjourned for the holidays to in
| troduce.
The bill goes to the committee on Judi
ciary, Of which Senator Hoar is chairman.
Following is the full text of the measure:
Be 1t enacted, etc. that the provisions of
the statute of February 4, 1887, chapter 10l,
and all additions thereto, and OF the stat
utes Of July :. 1876, chapter 647 entitled AN
act to protect trade and commerce against
unlawful restraint and monopolies," shall
! continue In force and shall in no wise be
held to be limited, restrained or repealed
Section 2-That the attorney general is
| authorized TO employ any professional or
other assistance which may be deemed
| necessary or desirable to prosecute Of
/ lenses under this act or under the acts
] hereinbefore mentioned, to which an ad-
| dition, or to make investigation into tine
same and for that purpose the sum OF
/ $4,000, or so much thereof as may be
| necessary, is hereby appropriated out of
/ appropriated.
| sec. S-That from and after the Goth
| tion, joint stock company or other associa-
| tlon whose stockholders are not personally
! liable tor their debts, created by any state
| OF territory, shall engage In commerce with
foreign nations or among the several
| states, or continue to carry on such COM
merce unless it shall comply with the foI-
! lowing conditions:
Conditions which Are Imposed.
| l. II shall hle a statement In the office
| of the Interstate Commerce commission,
signed and sworn TO by its president, its
! treasurer, its general manager and ma
| jority of its directors, or by the persons
exercising the powers usually exercised by
| such officers and directors of such corpora
| tions, joint stock companies and other
| September, in the year 1903, or before the
! 18th day of September in each year there
! after, file a statement for the year ending
with the 18th day Of June in such years,
| respectively, showing:
2. The amount of its capital stock.
| 3. The market value of such stock.
| L. How much OF the same has been paid
| in full in cash; or If the same has not
been paid in cash, what has been received
by said corporation, joint stock company
or other association in lieu thereof and the
value of whatever shall have been so re-
g. The names of all the officers and
| directors of said corporation, joint stock
| company or other association and all
agents intrusted with the management of
6. The amount it has paid in dividends
during said period the rate of percentage
| of such dividends and time of payment OF
the same
stock in other Corporations.
7. A statement of all the stock owned by
II of any other corporation. joint stock
company or other association. specifying
the corporation, joint stock company or
other association, and the number and
value of shares in each; the amount of its
own stock held by other corporations, Joint
! the value thereof, and the amount of stock
In other corporations, joint stock companies
or other associations hold IN trust for IL
or In which II has any interest. directly OF
indirectly, absolute or conditional, legal ur
equitable. spe cifying the corporations, joint
stock companies or other association.
g. An undertaking signed by said officeIS
general managers 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 cor
porations, joint stock companies or other
TfeNfs uNad hat aaVAN NHa
visions and liabilities of this act and thu
obligations by II imposed so long as they
shall continue to hold or exercise said
This statement shall be In addition to all
statements now or hereafter required by
the Interstate Commerce Commission oil
by any other public authority.
The attorney general of the United States
may at any time require of any corpora.
tion joint stock company or other asso.
citation so engaged, any statement he may
think fit in regard to the conduct OF It's
any such corporation, joint stock company
or other association to give list OF al
contracts or transactions entered into
within the twelve months preceding such
requsition, In which It has sold any article
or product or carried any article or prod
uct at rate less than the ordinary market
price, II such article or product had beer
sold or carried by any other person thar
the party to such transaction And he may
tinction and the circumstances attending
the same.
As to Competitors.
Sec 4-That every person. corporation
joint stock company or other association
engaged in commerce with foreign nation;
or among the several states which shall
enter into any contract, combination ol
conspiracy, or who shall give any direc
purpose riT of driving out of business an,
other person engaged therein or who fol
such purpose shall in the course of suci
, commerce sell any product at less than H.
fair market value, or at a less price thar
II is accustomed to demand or receive
| therefor in any other place under like con
ditions. or undertaking that 1t shall not b'
sold again by the purchaser or restrain
such sale by the purchaser. shall be deeme'
thereof shall be punished by a fine not ex
ceeding 5000 or by imprisonment for no
! to exceed one year; or by both OF sal.
Sec. THAT no corporation, joint stool
company or other association shall sngag
in commerce with foreign nations, o
among the several states, a majority o
whose stock is owned or controlled or he'll
in trust for any manufacturing or othe
Z manufacture or production, conducts It
business, or any part thereof, in manne
were so conducted in the course of sue
4 | commerce with foreign nations or anon
the several states.
Books Subject TO Inspection.
Sec. 6-That all the books of record an
v papers OF every corporation, joint stoc
I
u commerce with foreign nations. or anon
4 the several states, shall be subject 10 IN
spection by the attorney general OF tn
=, United States, or by any agent he ma
u designate for that purpose. and such col
n poration, joint stock company or other as
n sociation shall, at such times as ne sha
prescribe, make such further returns, yer
T. fed as aforesaid, shall be by him pr,
h scribed. either by general regulation or b
) special direction
Sec. THAT any president, director, treai
e urer, officer, corpOratOr, cOpartner or ageT
n OF such corpora ton, Joint stock company
- other association who shall In Its beha
= do anything by this act prohibited to sue
o corporation, joint stock company or oth1
% association, or who shall support vote 10
aid or ahet, or take part IN doing such az
ton by said corporation, joint stock con
pany OF other association or any INSTR
! mentality thereof, shall be liable TO n
l.. ! penalties by this act provided.
Sec S-That no corporation joint stoC
e 30th day OF June, 1904 shall manufactul
"A I or produce any article which IN the couri
OF business Is habltually sold and deli
n cred beyond the state in which II is mani
d featured. whether by said corporate
. | joint stock company OF other associatio
. or by subsequent purchasers thereof, whil
e ! shall in The course Of its own dOmest
3 business do any OF the acts or things pr
M hibited 10 be done by this act shall engaI
ia commerce with foreign nations or amor
-e the several states.
1f See. @-Thst any corporation, joi
stock company or other association tn
shai heve been ice adjudged TO hs'
violated Tho provisions Of the act or eth