Pine Bluff daily graphic., 1903-01-28
THAT
ANTITRUST
AN ENDM ENT

AMENDMENT thing reaching the limit in drastic
legislation. The proposed antitrust
law said by the Graphic Tuesday is in many re.
speets commendable measure bat i'll its the
insurance companies it is most silly pieces of
legislation attempted The law already prohibits the
formation of fire underwriters association in the state
which seems to meet every reasonable requirements 1t
appears that the Arkansas legislature is not content with
the regulation of business in Arkansas but
wants to regulate it for the whole universe In the lang
nase of the Insurance Herald of Atlanta Ca
10 be the whole thing We print section of the present
law with the nteleced provisions in brackets showing the
comprehensveness of the proposed law. We
the penalties as provided considered sufficient
Viz from $500 $500 fine violaon each lay be-
ing counted as violation and the the cor.
porate franchise for home companies from
the state for foreign companies. section as
amended:
Section |. Any corporation organized under the
laws of this any other state or country and trans
acting or conducting kind of business this state
or any partnership individual or other asso-
cation or persons whatsoever, who now, shall
hereafter create. enter into become member of
or party to- any pool trust, agreement combination
confederation or understanding (whether same is
made in this state elsewhere) with any other cor.
porat1on, partnership individual, any other person
or association of persons, to regulate fix (ether
in this state elsewhere) the price of anv article
of manufac cure, mechanism. merchandise commodity
convenience, repair any product of mining or any
article or thing whatsoever, the price of premium
to be paid for nsuring property against or dam
age by fire. lightning tornado. maintain said
price when SO regulated fixed. or who are now or
snail hereafter enter into. become a or
party TO any pool. agreement contract. combination
association or confederation (whether made in this
state or esewhere), to fix limit this state or
elseWhere) the amount quantity any article or
thing whatsoever. or the price premium be paid
Tor lnsurns property against loss damage by fire
iiehtnlng storm. cyclone. tornado anv other kind
S1p6D
dlvldua OF association persons aforesaid shall he
deemed and adudsed guilty of conspiracy
and be SUBJECT to the penalties as provided bv this
Commenting the foregoing section of the pronosed
antitrust law the Insurance Herald very sensiy SAYS:
The iron-alad character of the antitrust law
enacted IN ls'' and including insurance in provis-
IONS is we'll known. and it has been generally CON
ceded that devise more stringent proyjs-
makers have, however, discovered how the law can
be amended cover the transactions of the
insurance companies not only in that but in the
toryfoul states and the territories and Canada
and Great Britain. \ little clause of half dozen
words does the business with neatness and dispatch
we present herewith bin introduced in the Arkansas
sela'e me othef day 10 amend section of the
trust law so as TO compel companies doing business
IN that state To abandon all tariff associations and
rating bureaus whatsoever everywhere forever and
amen,
The Insurance companies will not forfeit their bust,
ness in the other what they get in Arkansas and
the King Keel bill either becomes law it means thai
The companies withdraw the state which would
1eaVe all personal property unprotected result would
be parayc stroke the business the state Millions
OF dollars OF money borrowed upon personal property
10 90 business If there is personal prop
ery no money be and bankruptcy with many
OF the buness concerns follow. 1t is we'll known
A' 'hat millions of dollars of merchandise other per
a property is bought on credit, and whenever
u'u'e Is "l'hdraWn no more credit can be had by the
Jopoefs from the manufacturers business would be
COME IN great measure stagnated. If bill becomes
ID" II means untold damage the state II would mean
setback which would require years to overcome
Attorney General Murphy addressed a long com |
INJUNCTION to the legislature in which he gives Governor