Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1903-01-08
THE ANTT-TRUSTBILL
Senator Hoar's Measure IL Now
Ready for Senate.
FULL POWER GIVEN The COURTS.
All Books and Papers Of Corporations Shall
Ne Subject to Inspection BY tho At
torney General Of the United
States or By Agent,

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Washington, Jan. Ex-senator Hoar
has completed and made public the
antitrust 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.
Following is summary of the meas
ure:
Be it enacted, etc, that the provi-
sions of the statute of February a,
1887, chapter 10, entitled ian act to
regulate commerce." and all addi-
tions thereto; and of the statutes of
July 2, 1890, chapter CAT, entitled ian
act to protect trade and commerce
against unlawful restraints and mo-
nopolies," 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restrained or repealed by this act.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 gen.
eral is authorized to employ any pro-
fessional or other assistance which
may be deemed necessary or desir-
able to prosecute offenses under this
act, 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
not otherwise appropriated.
That from and after the 3Oth day
Of June, in the year 1904, no corpo-
ration, joint stock company or other
association whose stockholders are
not personally liable for their debts,
created by any state or territory,
shall engage in commerce with for
eign nations or among the several
states, or continue to carry on such
commerce unless it shall comply with
the following conditions: First, it
shall file statement in the Office of
the interstate commerce commission,
signed and sworn to by it's presi-
dent, its treasurer, its general man
ager and a majority of it's directors,
or by the persons exercising the pow
ers usually exercised by such officers
and directors Of such corporations,
joint stock companies and other as
on or before the 18th day |
of September in the year 1904, and
shall on or before the 18th day of |
September in each year thereafter
file a like statement for the year |
ending with the 18th day Of June in |
said years.
The statement must show the
amount Of capital stock, value Of
same, etc. The names of all the Off
,ers and directors of said corpora
lion and all agents trusted with the
of it's affairs. An un-
signed by all the Off
,ers of the corporation that they will
comply with the provisions of the
avs of the United States relative to
he management of the affairs of said
The attorney general of the United
states may at any time have access
INTO business of corporation and de-
nand any statement he may think
It in regard to the conduct of its
BUSINESS. Section six is as follows:
That all the books of record and
,apers Of every such corporation,
pint stock COMPANY or other associa-
ion, engaged in commerce with for
ign nations, or among the several
tates, shall be subject to inspection
y the attorney general of the United
tates, or by any agent he may desig-
ate for that purpose, and such cor :
grafton, joint stock company or
Their association shall, at such times
8 he shall prescribe, make such fur
her returns, verified as aforesaid, as
nall be by him prescribed either by "
eneral regulation or by special d. :,
sction.
The penalty for violation of any Of =
lie acts is the prohibition of the cor
oration to engage in commerce with !,
reign nations or among the several =,
ates, and the court may decline to "
tier an absolute decree enjoining
against proceeding with its bust :
IA