The Birmingham age-herald., 1903-01-03
Does Not in Any Way Effect the Force of the Ia
 nous Act of 1887
IMPOSES HEAVY PENALTY
 FOR VIOLATION OF LAW
Provides First That All Joint Stock Companies Shall File Statement In the Office of the interstate
 Commerce Commission.

Washington. January 2.-Senator Hoar has completed and today made public the antitrust bill which he asked leave, be- fore the senate adjourned for the holi- days. to introduce.
 The bill goes to the committee on judi ciary, of which Senator Hoar is chairman. Following Is the full text of the meas- ure:
 Be 1t enacted. etc., that the provisions of the statute of February 4, 1884, chap ter 1o4, entitled, An Act to Regulate Commerce." and all additions thereto; and of the statute of July ?, 1S9O chap ter CAT, entitled An Act to Protect Trade and Commerce Against Unlawful Re- straints and Monopolies,'' shall continue in force, and shall in no wise be held to be limited. restrained or repealed by this act.
 Sec ?. That the attorney general Is au- thorlzed to employ any professional or other assistance which may be deemed necessary or desirable to prosecute off, lenses under this act or under the acts hereinbefore mentioned to which this is an addition, or to make investigation in- to the same; and for that purpose the sum of $500,000, or so much thereof as may be necessary, Is hereby appropriated out of any money in the treasury not other wise appropriated.
 Sec. 3. That from and after the 18th day of June, in u Q year 1904, no corpora tion, joint stock company or other asso- citation, whose stockholders are not per- sonally liable 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 unless 1t shall comply with the following conditions:
 Must File Statement.
 First-It shall file statement in the off, flee of the interstate commerce con- mission, signed and sworn to by it's presi- dent, its treasurer, it's general manager and 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 be- fore the 18th day of September in the year ninteen hundred and four and shall on or before the 18th day of September in each year thereafter file a like state ment for the year ending with the 30th day of June in said years respectively, showing:
 Second-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 of the same has not been paid in in full cash, what has been received by said corpora tion. joint stock company or other asso- citation in lieu thereof, and the value of whatever shall have been so received by 1t.
 Fifth-The names of all the officers and directors of said corporation, joint a.ock company or other association, and all agents trusted with the management of its affairs.
 Sixth-The amount it has paid in divi- dends during said period the rate of per centage of such dividends and times of paying the same.
 Seventh-A statement of all the stock owned by it of any other corporation, joint stock company or other association. specifying the corporation. joint stock company or other association. and the number and value of shares in each; the amount of It's own stock held by other corporations, joint stock companies or other associations, and the value thereof: and the amount of stock in other corpor- ations joint stock companies or other as- sociations held In trust for it, or in which 1t has any interest directly or indirect ly, absolute or conditional, legal or equi- table specifying the corporation, joint stock companies or other associations.
 Must Agree to Comply With Law.
 Eighth-An undertaking signed by said officers, general managers and directors, ,,1x rarn rfci n e of this and all other laws of the United States in the management of the affairs of said corporations, joint stock com panies or other associations; and that they accept the provisions and liabilities of this act and the obligations by 1t i'm posed, so long as they shall continue to hold or exercise said offices, or author ity
 all statements now or hereafter required by the interstate commerce commission or by any other public 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 statement he may think fit in regard to the conduct of ifs business; and he may especially re- auire any such corporation. joint stock company or other association to give q list of all contracts or trahsdcuohs eh- tered into within the twelve months pre- ceding such requisition in which 1t has sold any article or product or carried any article or product at rate less than the ordinary market price of such article or product had been sold or carried by any other person than the party to such transaction; and he may further require the reasons for such distinction and the circumstances attending the same.
 Section 4. That every person, corpora ton, joint stock company or other asso- ciatIon engaged in commerce with for elgn nations or among the several states whc shall enter into any contract, com bination or conspiracy. or who shall give ary direction or authority to do any aci for the purpose of driving out of business any other person engaged therein, or wno for such purpose shall in the course oi such commerce sell any article or product