The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-03

WASHINGTON, D. c., Jan. 2.-Sen-
ator Hoar has completed and today
made public his antitrust bill. 1t goes
to the committee on judiciary, of
which Senator Hoar is chairman. Fol-
lowing is the full text of the measure:
BE it enacted, etc, that the provis-
ions of the statute of Feb. 4, 1887, chap
ter 104, entitled An act to regulate COM
merce, and all additions thereto; and of
the statute of July 2, 1890, chapter SAT,
entitled An act to protect trade and
commerce against unlawful restraints and
monOpolies, shall continue in force and
shall in nowise be held to be limited,
restrained or repealed by the act.
Section 2. That the attorney general
is authorized to employ any personal or
other assistance which may be deemed
necessary or desirable to prosecute of
fenses under this act, or under the acts
hereinbefcre mentioned, to which this is
an addition, or to make investigation
into the same; and for that purpose the
sum of 100000 or so much thereof as
may be necessary is hereby appropriated
out OF any money in the treasury lOt
otherwise appropriated.
Must Comply With Conditions.
Sec. 3. That from and after June
30. 1904, no corporation joint stock COM
pany or other association whose stock
holders are not personally liable for their
debts. created by any state Or territory,
snail engage In commerce with foreign
nations or among the several states or
continue to carry en- such commerce
unless II shall comply with the follow
.First-It shall file statement in the
ofhce Of the interstate commerce com
mission, signed and sworn TO by it's pres
iaent, its treasurer. its general manager
anC a majority Of its directors, or by
the persons exercising the powers usually
exercised by such officers and directors
of such corporations, etc, on or before
Sept l5. 1904 and shall on or before
Sept. 10 in each year thereafter file q
like statement for the year ending with
June 30 in said years, respectively, show
"second-The amount Of its capital
"Third-The market value of the same.
information as tc Stock.
'Fourth-Ifow mucn Of the same has
been paid in in full in cash; or if the
same has not been paid in full in cash
what has been received by said corpora
tion, etc, in lieu thereof, and the value
OF whatever shall have been so received
"Fifth-The names Of all the officers
and directors Of said corporation, etc,
and all agents trusted with the manage
ment Of its affairs.
"Sixth-The amount it has paid in div
idends during said period. the rate Of
percentage of such dividends and times
"Seventh-A statement of all the stock
owned by it of any other corporation,
etc, specifying the corporation and the
number ana value of shares in each; the
amount of its own stock held by other
corporations, etc, and the value thereof;
and tic amount of stock IN other corpora
it has any interest. directly or indirectly,
absolute OF. conditional legal or equita-
bic, specifying the corporations, etc.
Undertaking tc Obey Laws.
Eighth-An undertaking signed by said
officers, general managers and directors.
that they will comply with the provis
ions Of this and all other laws Of the
Halted i'm q MAJ o5a71 ro11f Of Tho
affairs Of said corporations etc, and
that they accept the provisions and liza
bilities of this act and the obligations
imposed by 1t so long as they shall con-
tinue to hold or exercise said Offices This
statement shall be in addition to all state
ments now or hereafter required by the
Interstate commerce commission or any
other public authority.
THE attorney general Of the United
States may at any time require of any
corporation, etc, SC engaged. any state
ment he may think fit in regard to the
conduct of its business, and he may es-
peclally require any such corporation to
give list of all contracts or transactions
catered into within the twelve months
preceding such requis1tiCn. in which 1t
has sold any articles or product, or car
fled any articles or product at rate less
than the ordinary market price, if such
articles or product had been sold or car
lied by any other person then the party
10 such transaction AnG he may fur
ther REQUIRE the reasons for such distnc-
ton ana the circumstances attending the
same.
7 Combines Forbidden.
Sec. 4. That every person, corpora
ton, etc, engaged in commerce with fer
eisn nations or among the several states
who shall enter into any contract com
bination or conspiracy, or who shall give
any direction or authority to do any act
for the purpose of driving cut of business
any other person engaged therein. or
VINO fcI such purpose shall in the course
OT 5ct Snch = c9nfrce ia fl, -, se l. any article or
OF at a less price than it is accustomed
to demand or receive therefor in any other
place under like conditions or who SHALL
tract or undertaking that it shall not be
Sold again by the purchaser, or restrain
deemed guilty of a misdemeanor. and
upon conviction thereof. shall be pun
1shed by fine not exceeding So, 900 or by
Imprisonment not tn exceed one year, or
b. both said pInishments, in the diScre-
ticn of the court.
Section s. That no corporation. etc.
shall engage in commerce with foreign
nations Or among the several states, a
majority of whose stock is owned by or
controlled or held in trust. 70, any man
ufaotUrer or other corporation which, in
the course of It's manufacture CT prcduc-
tion, conducts its business or any. part
thereof in manner which would be pro-
hibt5d by this act, if it were SO con-
ducted IN the course OF such commerce
with foreign nations or amcng the sew
eral states.
Subject tc Inspection.
Sec 6. That ali the books of record
and parers Of every such corporation. etc,
engaged In commerce with foreign ma
t'cns or among the several states shall
be subject - inspection by the attorney
general Of the United States or Ey any
agent he may designate fer that purpose
ana such. Corporation shall ct such times
IS he shall prescribe make such further
returns, verified as n fCresad. as shall
he by him prescribed either by general
regulation or special direction.
Sec z. That any president, director,
treasurer or officer, corporator, copartner,
associate OF agent Of such corporation,
etc, who shall in its behalf do anything
by this act prohibited to such corporatio
or wpo shall support. vote for, aid or
apet or take part in doing such action by
said corporation, or any inStrumentality
thereof shall be liable 20 the PENALTIES by
this act provided
Sec. Z. That no corporation etc, after
June 80, 1904, shall manufacture or pro-
duce any article which in the course of
business IS habttually sold and delivered
beyond the state in which X is nlanufac-
tured whether by said corporation or
by subsequent purchasers thereof and
which shall &c, any Of the acts or things
prohibited to be done by this act, shall
engage i'll commerce with foreign nations
or among the several states.
Must Co Out sf Business.
i'Sec. 9. That any corpora ton, etc.
that shall have heen twice adiudged to
haye. violated the provisions of the act.
Of either ri the acts mentioned in section
one, hereof. hy the final judgment of any
nouft having Jurisdiction Of the question