The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1903-01-07
ROAR'S ANTITRUST BILL.
Will Go TO Committee on Judiciary
When Cngress Conyenes.

Washington, Jan. 2.--Senator Hoar
has completed and today made public
the anti trust bill which he asked
leave before the senate adjourned for
the holidays to introduce. The bill
goes to the committee on judiciary
of which Senator Hoar is chairman.
It is entitled ga bill for the regula
tion of trusts and corporations engaged
in internal or interstate commerce. :"
The first section continues in force the
present Interstate commerce act and
the so-called Sherman antitrust law.
Section 2 appropriates S50O,0 600 to en-
able the attorney general to prosecute
offenses under this and existing acts
and authorizes him to employ neces-
sary assistance. Section 8 provides
that after June 80, 1904, "no corpora
tion, joint stock company, or other as
sociatior, whose stockholders are not
personally liable for their debts, Great
ed by any State or territory. shall en-
gage in commerce with foreign nations
or among the several States, or con-
tinue to carry on such commerce, un-
less it shall comply with the following
conditions. -.
First-It shall file q statement in the:
Office OF the, int estate commerce COM
mission, signed and sEofn toby sits
president, It's. treasurer, Its general
manager and a majority OF its direct
sors, or by Ghe persons exercising The
EpoWers usually exercised by ,sneh OH
Gers and directors OF such. corporations
Joint stock companies, and other as
Esociatiens on or before the 10th day Of
September ii the year 1905, and shall
on OF befole the 18TH day Of Seatgn6er
ssin each year sheIeafssg:6l alike. state
Emsnss 3sor the Year ending: fbS s339Sth5day,
Eof; ;Jnae, IN sad ye's1sa 7egpectiYsty,
showing: - : = - -. -
|: second-The /. annoRnt eggiE of its capital
Third-The market value Of tn the
/ #ou,th-aow much of the same. has
been paid in full inacash, what has
been received b3sthe said corporation;
Joint stock company, or other .associa-;;
ition, n lieu thereof, and the value Of
,vhatever shall have been 50 received
by IT,. 80
Fif5h-The names OF all the officers
and directors. of s1eh corporation,
Joint stock company, sor obber sssocia-.
ton, and ali agents intrusted With the:
general management Of its.afairss
Sixfh-The amount: it has paid in
dividends during said period, the rate
of percentage OF sach dividends, and
times Of paying the, same. = - ~ ~.
SeVe1th-A statementso of all the stock
owned by it, or. any other corporation,
Joint stock company, or other assoeia-
tion, specifying the corporation; Joint:
stock COMPANY or other assoel alton,
and the number and Ealue Of shares in
each the amount Of its own stock: held;
by other corporations, Joint stock.
companies and other associations and
the value thereof; and the amount OF
stock in other corporations, or other
associations held in trust for it or IN.
which 1t. has any interest, directly or
indirectly, absolute or conditional,
legal or equitable, specifying the cor
porations, Joint stock companies, or.
other associations.
Eighth-An undertaking signed by
said officers, general managers and
directors, that they will comply. with
the provisions of this and all other
laws of the United States in the man
agement of the affairs of said corpora
tions, joint companies, or other as
sociations; and that they accept the
provisions and liabilities of this act,
and the obligations by it imposed, SO
long as they shall continue to hold or
exercise said Office or authority.
"The attorney general of the United
States may at any time require Of any
corporation, joint stock company, or
other association SO engaged any state
ment he may think fit in regard to
the conduct CT its business. And he
may especially require any such corpora
tion, Joint stock company or other as
sociations to givea list of all contracts
or transactions entered into within the
IL months preceding such requisition,
in which it has sold any article or pro-
duct, or carried any article or pro-
duct at rate less than the ordinary
market price, if such article or pro-
duct had been sold or carried by any
other persons than the party to such
transaction. And he may further re-
quire the reasons for such distinction
and the circumstances attended the
same.