The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-01-03
IT PROVIDES FOR PUBLICITY
INDIRECT SUPERVISION BY THE AT
TORNEY GENERAL,
And Severe Punishment for Corpora
lions Which COnspire to De-
strOy Competition.

chairman. Following is the full text of the
measure:
BE it enacted, ETC., That the provisions
OF the statute of Feb. 4. 1887, Chapter lOi,
entitled An act to regulate commerce., ana
all additions thereto, and Of the statute or
July 2, 1880, Chapter CAT, entitled An act TO
protect trade and commerce against unlaw-
tinue in force, and shall In no wise be held
TO be limited, restrained or repealed by this
act.
authorized to employ any professional or
other assistance which may be deemed nee
essary or desirable to prosecute onenseS
under this act, CO under the acts herelnDe-
fore mentioned, to which this is an addi-
ton, to make investigation into the
same; and for that purpose the sum OF
100000. or SO much thereof as may be nee
essary, is hereby appropriated out or any
money in the treasury not otherwise appro-
priated.
Sec 8. That from and after the 30th day
of June, in the year 1904, no corporation,
joint stock company or other association
whose stockholders are not personally LA
BILE for their debts, created by any State or
Territory, shall engage in commerce with
foreign nations or among the several States
or continue to carry on such commerce un-
less 1T shall comply with the following con-
ditions: First, it shall file statement in
the office of the InterState-commerce Com
mission, signed and sworn to by its pres
ident, its treasurer, its general manager
and majority OF its directors, or by the
ercised by such officers and directors OF
such corporations, joint stock companies
and other association on or before the 18th
day OF September in the year 1904 and
Der in each year thereafter, file like state
ment for the year ending with the Goth day
of June in said years shGw
stock; third, the market value OF the same;
fourth. how. much of the same has been
F Rsd same an in has full not in be cash. pa@ IN
full 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-
ceived by it. Fifth, the names of all the
officers and directors of said corporations,
joint stock company or other association
ment of it's affairs. Sixth, the amount it has
paid in dividends during said period, the
rate of percentage of such dividends and
times of paying the same. Seventh, a state
ment of all the stock owned by ii of any
other corporation, joint stock company or
other association, specifying the corpora
ton and the number and value Of shares in
each: the amount of its own stock held
by other corporations, joint stock COM
panies other associations, and the value
thereof: and the amount Of stock in other
corporations, joint stock companies or other
associations held in trust for ii, or In which
1T has any interest, directly or indirectly,
absolute or conditional legal or equitable
specifying the corporations. joint stock
companies or other associations. Eighth, an
undertaking signed by said officers, general
managers and directors that they will COM
ply with the provisions OF this and all
| other laws of the United States in the man
agement of the affairs of said corporations
| joint stock companies or other association
| and that they accept the provisions and liza
| bilities of this act, and the obligations by
it imposed, so long as they shall continue
| to hold or exercise said offices or authority.
This statement shall be in addition to all
statements now or hereafter required by the
Interstate-commerce Commission or by any
other public authority. The attorney gen.
eral of the United States may at any time
require of any corporation, joint stock COM
pany or other association, so engaged, any
| statement he may think fit in regard to the
conduct of its business. And he may es-
pecially require any such corporation, joint
| stock company or other association to give
| a list of all contracts or transactions en-
| tered into within the twelve months pre-
ceding such requisition in which it has sold
any article or product or carried any ar
! ticle or product at rate less than the or
4 binary market price, If such articles or
| product had been sold or carried by any
other person than the party to such trans
| reasons for such distinction and the circum-
stances attending the same.
"Sec. 4. That every person, corporation,
engaged in commerce with foreign nations
or among the several States, who shall
enter into any contract. combination or
/ conspiracy or who shall give any direction
| or authority to do any act for the purpose
of driving out of business any other per-
| son engaged therein, or who for such pur-
pose shall in the course Of such commerce,
| sell any article or product at less than it's
| fair market value, or at a less price than
1t is accustomed to demand or receive
therefor in any other place under like con-
| a condition, contract or undertaking that
II shall not be sold again by the purchaser
or restrain str snGh snie by the
| and, on conviction thereof, shall be pun
ished by fine not exceeding 5000 or by
Imprisonment not to exceed one year, or
| by both punishments, in the discretion of
the court.
"Sec. s. That no corporation. joint stock
| company or other association shall en-
gage in commerce with foreign nations or
among the several States, a majority OF
whose stock is owned by or controlled or
held in trust for any manufacturing OF
other corporation which, in the course OF
its manufacture or production, conducts its
business, any part thereof, in a manner
which would be prohibited by this ,act II
il were so conducted in the course of such
commerce with foreign nations or among
the several States.
Sec. g. That all the books of record and
papers oil every shen corRotaaon joint
in commerce with foreign nations, or amons
the several States, shall be subject to in
spection by the attorney general of the
designate for that purpose, and such cor
poration, joint stock company or other as
SOciatiOn snail at Sucn times as he shall
prescribe make such further returns, veri
fed as aforesaid, as shall be by him pre-
scribed either by general regulation or By
special direction.
Sec T. That any president director
treasurer, officer, copartner, associate Of
agent of such corporation, joint stock com
pany or other association who shall in IT.
behalf do anything by this act prohibited {,
such corporation, joint stock company o
other association. or who shall support
vote for, aid or abet, or take mart in doinl
such action by said corporation, joint stool
company or other association, any in
| penalties by this act provided.
''Sec. s. That no corporation. joint stool
company or other association after the 30tl
| day of June. 1904, shall manufacture O
produce any article which i'm the course o
business is habitually sold and delivere,
beyond the State in which il Is manufac
tured. whether by said corporation. join
stock company or other association, or b.
subsequent purchasers thereof, and which
shall. in the course of its own domesti
business. do any of the acts or things pro
hibited 10 be done by this act, shall engag
in commerce with foreign nations or anon
the several States.
Sec 8. That any corporation. joint stoc
company or other association that sha
have been twice adjudged 10 have violate
the provisions of the act, or either OF tn
acts mentioned In Section ! hereof, by tn
final judgment of any court having juris
diction in the question, in any civil suit O
proceeding which said corporation. join
stock company or other association sha