Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-01-03
ANTITRUST BILL
Completed and Made Public,
Friday, by Senator Hoar.
The Full Text of Measure Drawn by
the Massachusetts Senator.
Will Go to Judiciary Committee, Of
Which He Is Chairman.


holidays, to introduce The bill goes
to the committee on Judiciary, 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 Feb. 4th, 1887, Chap
ter 104, entitled AN Act to Regulate
Commerce" and all additions thereto;
and of the statute of July End, 1890,
Chapter Ga, entitled IAN Act to Pro-
tect Trade and Commerce Against IN
lawful Restraints and Monopolies,"
shall continue in force and shall in no
wise be held to be limited, restrained or
repealed by this act.
Section 2. That the attorney general
is authorized to employ any profess
soIal OF other assistance which may
be deemed necessary or desirable to
prosecute offences under this act, or
under the acts hereinbefore mentioned
TO which this is an addition, or to make
inyestiga ton into the same; and for
that purpose the sum of five hundred
thousand dollars, or so much thereof
as may be necessary. is hereby appro-
priated out of any money in the treas
ury not otherwise appropriated.
thirtieth day of June, in the year nine
teen hundred and four, no corporation,
Joint stock company, or other associa-
ton whose stockholders are not per-
sonally liable for their debts. created
by any state or territory, shall engage
III commerce with foreign nations or
among the several states, or continue
TO carry on such commerce, unless it
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
president, its general manager and a
majority of it's directors, or by the
persons exercising the powers usually
exercised by such officers and directors
| Of such corporations joint stock COM
! panies and other associations on or
| before the fifteenth dayraof September
| in the year nineteen hundred and four
ard shall on or before the fifteenth day
! of september in each year thereafter.
| file a like statement for the year end
| ing with the thirtieth day of June in
said year respectively. showing:
| Spcond--The amount of it's capital
| stock.
| Third-The market value of the same.
| Fourth-How much of the same has
been paid in full in cash: or if the
same has not been paid.yin full in cash,
what has been received by The said
corporation, joint stock company or as
ISOLATION in lieu thereof and the val
NC of whatever shall have been so re-
ceiVed by il.
| Fifth-The names of all the officers
and directors of such corporations,
joint stock company or other associa-
| ton, and all agents intrusted with the
general management of its 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 statement of all the
stock owned by it of any other cCrpor-
alton, joint stock company or other as
ISOLATION, specifying the corporation,
Joint stock company or other associa-
ton and the number and value Of
| shares in each; the amount of its own
| stock held by other corporations, joint
stock companies or other association
and the value thereof, and the amount
| of stock in other corporations, joint
| stock companies or other associations
held in trust for it, or in which it has
any interest directly or Indirectly, alb
solute or conditional legal or equitable.
specifying the corporations, joint stock
| companies or other associations.
Eightll-An undertaking signed by
said officers. general managers and di-
rectors, that they will comply with the
| ,,pn Of oll
of the United States in the manage
ment of the affairs of said corporations,
joint stock companies or other associa-
tions and that they accept the pro-
visions and liabilities of this act. and
the obligations by it imposed so long
IS they shall continue to hold or ex-
ercise said Office or authority.
| This statement shall be in addition
to all statements now or hereafter re-
1uired by the interstate commerce
commission, or by any other public au-
| thority
| The attorney general of the United
States may ut any time, require of
any corporation, joint stock company,
or any other association engaged, any
statement he may see fit in regard to
the conduct of its business. And he
may especially require any such cor
poration, Joint stock company or other
| association to give a list of all con-
| tracts or transactions entered into
within the twelve months, preceding
such redusition, in which it has sold
any article or product, or carried any
| article or product at a rate less than
the ordinary market price. if such ar
ticle or product had been sold or car
ried by any other rerson than the par
| ty to such transaction. And he may
| further require the reason for such
| distinction and the circumstances at
| tending the same.
section 4. That every person. COR
poration. joint stock company or other
ISOLATION engaged in commerce with
foreign nations or among the several
| states. who shall enter into any con-
tract, combination or conspiracy, or
who shall give any direction or au-
| thority 10 do any act, for the purpose
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