The St. Louis Republic., 1903-01-03
Provisions Not Designed to Inter
fere in Any Respect With
the Sherman Act.
PROVIDES FOR PUBLICITY.
Attorney General Clothed With
Great Power as an Inquisitor
Penalties of Fine and I'M
prisonment Provided.

| Washington. Jan. a.-Senator Hoar has
completed and to-day made public the anti
trust bin which he asked leave before the
: Senate adjourned for the holidays to intro
| duce.
The bill goes to the Committee on Judi
ciary. Of which Senator Hoar is chairman.
Following is the full text of the measure:
BE it enacted, etc, that the provisions OF the
statute of February 4. 1884, chapter 104 entitled
AN act to regulate commerce." and all add-
tions thereto. and Of the statutes Of July . 1885,
chapter Gi. entitled AN act to protect trade and
commerce against unlawful restraints and mo-
| nopolies.' shall continue in force and shall in
no wise be held To be limited, restrained
peaed by this act.
Section 2. That the Attorney General is au-
thorized to employ any professional or other
sistanco which may be deemed necessary de-
sirable TO prosecute offenses under this act or
! under the acts herenhefore mentioned TO which
this is an addition. or to make Investigation into
the safne and for that purpose the sum Of $780,
oVV or SO much thereof as may be necessary. is
hereby appropriated out of any money in the
treasury not otherwise appropriated.
Sec. ). That from and after the third day Of
June in the year 1884, no corporation. JOINT stock
company or other association whose stockholders
are not personally liable for their debts crea:ed
by any State or Territory, shall engage in COM
merce with foreign nations among the several
StG.es. or continue to carry on such commerce
unless 1t shall comply with the following con-
ditions:
First-It shall file statement In the office Of
, the Interstate Commerce Commission. signed and
sworn TO by its president its treasurer. its gen
eral manager and majority of its directors. or
by the persons exercising the powers usually
| exercised by such officers and directors of such
corporations. JOINT stock companies and other as
sociatiuns. on or before the fifteenth day Of Sep
tenoer in the year nineteen hundred and four
and shah beore the fifteenth day of Sep
ment, for the year ending with the tnlrteentn
day Of June IN said years respectively showing:
r,nl Tl..a aypnn nf ray,rfa
TnirGTThe market ' value &c Of the same;
in s IN cs Hff n S IN In9 hs nss no been bald
| In full in cash. what has been received by saLu
eiatiSn in lieu trereof. ana the value of what
| ever shall nave been SO received by il
tors of said corporation JOINT STOCK company or
other association. ana all agents trusted with
sixta-Ine amount it has paid in dividends dur dur,
dSidenas dils a pYu and times Of Up payinE the saline
seyentn-A statement oI an the stock owned
psny or Other ' ASSOCIATION. Specifying the cor
i.oration. joint stock company or other associs.
| in each: the amount of its own stock held by
other eopoa'ons Joint stock nd or other 1ss
amount of stock in other corporations. joint stock
| it, or in which it has any interest. directly or
indirectly. apsoiute or coauitioiai ieSal or e!uI
| companies or other association. , .s
EishthAn uaersak,ns ssned ed by ,i nad o1,fx off
with the provisions Of this and all other r. LAWS MS
nies or other associations; and that they accept
the obligations by 1t imposed. SO long as they
shall 9ning to hold or bs 81 SAID "a osIes or
TO an statements now or hsreafter required re by
The Attorney General OF the United States
! joint stock company or other association en-
@ 10 aPs my edaaa Of ns s aS snhk lit IN
| And he may especially REQUIRE any such cor
on TO sye 29hs list of ali or
lions ton entered, into within the Twelve months
any article or product. or carried any articles
Se pee Il Il such articles or preuct had been
| sold carried by any other person than the
! party to such transaction.
| Sec 4. That every person. CORPORATION. Joint
stock company OF other association ensased in
| eral states who shall enter into any, contract.
on S 40 or ay Mho ac ss d fse s pa a
| pose of driving out OF business any other person
s such who n ss aree a
| or product at less than its fair market value. or
ana receive therefor in any other place Under
like conditions or Undertaking that It shall not not
sale by the purchaser, shall be deemed guilty Of
be punished by a fine II not exceeding 5000 or by
Imprisonment not to exceed one year or both
pany any, association shall ensage il com
eIai States majority Of whose stock is owned
h or p .s1 the
course of its manufacture or production, conducts
Would be- Ss BY fSs ae
! SO conducted in the course Of such commerce
Sec. G. That all the books OF record and pa
pfs sny % or other eSgasd in
with foreign nations or among the several States
Gene General Il of the United States or by w any agent
he may designate 1a, for that pnrpo.e. and such
citation shall, at such times he shall prescribe.
aks s be T m sS ap as S
regulation or by special direction
cricer incorporator. copartner associate or agent
of such corporation Joint, stock company or other
thing By this act pTohiblied to such esrpSrason
Sho aa or Ses or aSe
part in doing such action by said corporation.
penalties by this ae, provided ,o,,. -.
Other ass9fla,iSa after ths ta,5,stn day
Of Hne xe ss IN sha e is
naliy sold and delivered beyond the state in
poIation joint stock company or other associa..
lion. or by subsequent purchaS;ers Sc. thereof. and
Of the s . or enraae sss Is
with foreign nations or among the several
Sec. 9. That any corporation. joint stock COM
twice adjudsed to have violated the provisions of
ton hereof. by the final Judgment Of any court
having luriSdicticn OF question, IN any civil
suit or proceeding which said corporation: joint
been party. who shall thereafter violate this or
either OF said acts shall longer be allowed to
engage in commerce with foreign nations
among the several States.
Provided. that such prohibition shall only be
enforced after such corporation, Joint stock COM
Joined against further engaging In such busi-
ness, information suit brought In a
United States court OF competent jurisdiction.
by the Attorney General In behalf Of the Gov
ernment 1t shall be the duty OF the Attorney
General in anv unless he shall be satisfied
other association has dessted, and abstaned and
will in future desist and abstain from such vio-
iation. 10 enforce the provision by proceeding
either by information or by Indictment, as he
may in his discretion think best.
Any corporation, joint stock company or other
this act and any president director, treasurer
officer or agent thereof. may be Joined q party
this act.
II. in the Judgment of the Attorney General
such corporation. Joint stock company or other
NAV be Instituted, be one on which the pubic
is so dencndent that the interruption of its busi-
ness VIII cause serious public loss inconven-
fence, se may. in his discretion, refrain from
lutely prevent the continuance OF such business.
and may apply for a limited conditional de-
cree. or one to take effect at future day.
as TIE public interests shall seem require.
And II In the Judgment Of the court before
whom such proceeding may be pending the IN
poration 1oint-stock company other associa-
tion will ceuse such serious public loss or IN
convenience. the court may decline to enter au
absolute decree enjoinng 1t against proceeding