The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-01-23
From Globe Washington Bureau.

From Globe Washington Bureau.
WASHINGTON, D. c., Jan. 22.-It
begins to look as if Senator Nelson's
bill to create a department of COM
merce would fail to become a law,
even though it has been passed by both
branches of congress. The bill is now
reposing in the room of the senate
committee on commerce, but the infiu
ences which are beginning to array
themselves against it are so strong
that it is a good prediction that it will
never see the light of day again.
Nelson thought he had achieved a
victory when the house last Saturday
passed the bill, which had already re-
ceived the favorable votes of the SEN
ate. He arose. Monday and asked that
conference committee be named to
confer with a committee from the
house and adjust the slight differences
between the house and senate bill. Mr.
Aldrich and others objected and the
bill went to committee.
The reason is now coming to light
The department of commerce bill is in
tended by President Roosevelt as the
llGOluln 1OI putting IIllO OpCI dlAOIA HIS
trust busting statutes. The full
force and effect Of the latter are dis
closed today by the bill which Little
field reported from the subcommittee
of the house judiciary committee. 1t
is most stringent and sweeping in it's
provisions All in one bill are the reg
ulative remedies suggested by Knox in
his letter to congress. Publicity, re-
bates. predatory competition and In
functions are all covered.
The bill as reported is expected tc
pass the house, but it is strenuously
opposed by such senators as. Aldrich
Kean, Hanna, Cullom, Elkins and 9TH
ers of power in legislative matters
They are laying for'' the house meas
ure and what they viii do to 1t If 1t
ever reaches the senate, they say pri-
vately, will be plenty.
judiciary Subcommittee Bill.
WASHINGTON, D. c., Jan. %. =
Representative Littlef1eld, of Maine,
chairman of the house subcommittee
of the judiciary committee, to which
all antitrust bills were referred, to-
morrow will report to the full judiciary
committee a bill which has been adopt
ed by the subcommittee. The subcom-
Tnittee considered some twenty-five or
thirty measures. The bill is offered as
q substitute for the publicity bill in
troduced by Representative Littlefield
at the last session. The full committee
is expected to take the bill up tomor-
row. The text follows;
"A bill requiring corporations engaged
IN interstate commerce to make returns,
prohibiting rebates and determinations,
the use OF interstate commerce IN at
tempts to destroy competition, and for
other purposes.
Starts Out With Publicity.
BE it enacted, etc, that every corpora
tiOn which may be hereafter organized
shall, at the time of engaging in inter-
state or foreign commerce, file the re-
turn hereinafter provided for; and every
corporation whenever organized shall file
g return with the interstate commerce
commission for the year ending Dec. 81,
whenever and at such time as requested
by said commission, stating its name,
date of organization, where and when or
canned, giving statutes under winch 1t
IS organized, and all amendments there
of; If consolidated, naming constituent
companies and where and when organ
lied, with the same information as to
such constituent companies, SO far as ap-
pIlcable as is herein required Of such
corporations; if reorganiZed, name of orig
1naI corporation or corporations, with full
reference to laws under which all the
reorganizatiOnS have taken place, with the
same nformati tion as to all prior companies
In the chain of reorganization, so far as
applicable as is herein required of such
corporation; amount of authorized can't
tai stock, shares into which it is divided,
par value, whether common or preferred,
and distinction between each; amount is
Sueo ana Outstanding; amount paid in;
now much, II any, paid in in cash. and
how much if any, in property: if any
part in property describing in detail the
kind and character and location with its
cash market value at the time it was re-
ceived in payment giving the elements
upon which said market value is based.
and especially whether in whole or in part
upon the capitalization of earnings earn
ing capacity, or economies with the date
and the cash price paid therefor at it's
last sale; the name and address of each
officer. managing agent and director; a
Ifue and correct COPY of its articles of
incorporation; a full. true and correct
copy OF any and all rules, regulations and
bylaws adopted for the mana cement and
control of its business and the direction
OF lis othcers, managing agents and di-
rectorS.
Must Make Additional Returns.
Nothing herein contained shall be cen
stl ueu as renewing any corporation from
making, in addition to the foregoing. such
returns as are now required by the act
20 regulate commerce, approved Feb. f.
1881, ana all amendments thereof: but
Ihe PROVISIONS OF this act as to signing
ana making oath to returns and making
. answers on oath to written INQUIRIES shat
pe 3ppncable to returns and such answers
thereof ''-''i--i =
cate OF one already filed that fact NAV
be stated and the details. which are in
such case duplicates, need not be oner-
ated. Upon its being made to annear to
the satisfaction of the commissions tI,e
without fault on its part it is innracfi
cable for such corporation to furnish an1
OF the items aforesaid. it may. by a writ
ten order Of said commission. be excused
Ifom furnishing such item or items
SAID commission shall cause to be pre-
pared blank return for the use OF such
corporation, containing the foregoing re-
qulrements. and shall make such rules
ana regulations as may within its iudg-
nent be necessary to carry out the pur-
poses Of this act. The president treas
urer and majority of the directors ri
such corporation shall make oath in writ
ing on said return that said return is
true. The treasurer or such other ofi
Ger Of such corporation having the reGi1i
site knowledge shall answer on oath all
inquiries that may be made in writing on
the direction of said commission i'm rela-
tlon TO said return. Any corporation f. II
Ing TO make such return or whose treas
urer or other officer shall fail to make
the answers aforesaid. may be restrained
on the suit of the United States from
engaging in interstate commerce until
such return is made. Suit may be
brought in any district of the United
States at the election of the attorney
general.
To Be Punished for Perjury