Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-23
THE NEW TRUST BILL
Measure COMPLETED by the
subcommittee.
IN TWELVE SECTIONS
ATTORNEY GENERALS SUCCESS
TONS COVERED.
Provision Made for Filing Statements
by Corporations-Prohi Of Re
bates-Restraint of Monopoly.

The following is the bill which was draft
ed and adopted by the subcommittee or the
House Judiciary committee, to which all
antitrust bills had been referred and which
has considered twenty-five or thirty meas
ures in the past few weeks.
"A bill requiring corporations engaged in
interstate commerce to make returns. pro-
hbiting rebates and Determinations, the
use of interstate commerce in attempts to
destroy competition, and for other pur-
poses.
Returns to Be Filed.
BE it enacted, etc, that every corpora
ton which may be hereafter organized
SHALL at the time of engaging in interstate
or foreign commerce. file the return here
matter provided for; and every corporation
whenever organized and engaged in inter-
state or foreign commerce shall file a re-
turn With the interstate commerce com
mission for the year ending December 81,
whenever and at such time as requested by
said commission. stating its name, date of
organization, where and when organized,
giving statutes under which 1t is organized,
and all amendments thereof; If cOnsolidat-
ed, naming constituent companies and
where and when organized, with the same
Information to such constituent COM
CURED of such corporations, with full ref
erence to laws under which all the reor-
CARNATIONS have taken place, with the
same information as to all prior companies
in the chain of reorganization, so far
applicable, as is herein required of such
corporations; amount of authorized capital
stock, shares into which it is divided par
value, whether common or preferred, and
distinction between each; amount issued
and outstanding; amount paid in: how
much, If any, paid in in cash, and how
much, If any in property; if any part in
property, describing in detail the kind and
character and location, with it's cash mar
ket value at the time it was received in
payment. giving the elements upon which
said market value is based, and especially
whether in whole or in part upon the capt.
talization of earnings, earning capacity, or
economies. with the date and the cash price
paid therefor at its last sale; the name and
address of each officer managing agent and
director; true and correct copy of its
articles of Incorporation; a full true and
correct copy of any and all rules. regula-
tons and bylaws adopted for the manage
ment and control of its business and the
direction of its officers, managing agents
and directors. Nothing herein contained
shall be construed relieving any corpor-
alton from making, in addition to the fore
going, such returns now required by
the act to regulate commerce. approved
February 4, 1887, and all amendments
1hereof; but the provisions Of this act as
TO signing and making oath to returns and
making answers on oath to written inqui-
RES shall be applicable to returns and such
answers made under said act and amend
ments thereof.
SO far as any returns may be a duplicate
OF one already filed that fact may be stated
and the details. which are in such case
duplicates, need not be repeated. Upon it's
being made TO appear to the satisfa ction
OF the commission that without fault on
Its part it is impracticable for such corpo-
ration to furnish any of the items afore-
said. it may. by written order of said
Commission, be excused from furnishing
such item or items.
Said commission shall cause to be pre-
pared blank return for the use of such
corporations, containing the foregoing re-
Guirements. and shall make such rules and
regulations as may. in its judgment. be
necessary to carry out the purposes of this
act. The president treasurer and ma
1ority of the directors of such corporation
shall make oath in writing on said return
mat said return Is true. The treasurer or
other oincer OF such corporation having the
requisite knowledge shall answer on oath
all inquiries that may be made in writing
on the direction Of said commission in re-
lation TO said return
Any corporation failing to make srIch
return. or whose treasurer or other officer
shall fail to make the answers aforesaid
may be restrained, on the suit of the United
states from engaging in interstate COM
merce until such return is made. Suit NAV
be brought In any district of the United
states at the election of the Attorney Gen
eral.
Swearing to False Returns
Sec 2. That whoever knowingly swears
10 return that is false in any material
particular, or knowingly swears to an an
swer 10 any such inquiry that is false in
any material particular shall be deemed
guilty of perjury and punished as provided
In section 1892 of the Revised Statutes NJ
the United States. Whoever shall know
ingiy prepare. or cause 10 be prepared. a
return or answer that is false as aforesaid
snail be deemed guilty OF subordination OF
perjury and punished as aforesaid
Sec. J. That it shall be the duty of said
COMMISSION to cause to be prepared and
published on or before the first day of
June i'll each year list of all corporations
making returns, with an abstract of such
returns. for free distribution in such mum
Der as said. commission may deem ueces-
sary to meet any reasonable and nroner
demand 'therefor. TO be distributed under
the direction Of the commission.
Power to Summon Witnesses.
''Sec. 4. That said commission shall have
the same authority TO inquire into the man.
agement of the business Of said corpora
lions relating 10 interstate and foreign
commerce in the same manner and to the
same extent, with the same power to com
pei the attendance and the giving of tes-
timony by witnesses and the production of
books, papers, contracts and agreements
as Is provided in An act to regulate COM
merce.' approved February 4, 1887, and all
amendments thereof. Said commission NAV
employ such agents and clerks as in its
Judgment may be necessary for properly
executing the provisions OF this act Said
commission shall make an annual report
10 the President. containing, among other
things, such specific recomme nda tons for
additional legislation 1t may deem nee
essary.
Amy person who shall neglect or re-
fuse TO make returns, attend and testify or
answer any lawful inquiry hereinbefore
provided for. or produce books papers, con.
tracts. agreements and documents, IL in the
custody, control or power to do So in obed
Ience to the subpoena or lawful REQUIRE.
ments of the commission. shall be deemed
guilty OF an offense against the United
States, and upon conviction thereof by a
court of competent jurisdiction shall be
punished by fine of not less than $500 mol
= more than 5000.
Giving of Rebates Forbidden
Sec, 5. That any person. carrier, lessee
trustee, receiver, officer. agent or represen
tative of carrier subject TO the act to reg