Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1903-01-23
ANTITRUST BILL
Will Be Laid Before Judiciary
Committee, Today.
Full Text Of the Measure as Framed
by Subcommittee.
Some Is or so Bills Were Considered
Before a Decision.

Washington, Jan. 22.-Representa-
tive Littlefield of Maine, chairman of
the subcommittee of the House ju-
dietary committee, to which all anti
trust bills We're referred, tomorrow, will
report to the full judiciary committee
a bill which has been drawn and adopt
ed by the subcommittee. Several
weeks have been devoted to the pre-
paration of the bill. The sub-com-
mittee considered some 25 or 80 meas
ures. The bill is offered as a substi-
tute for the publicity bill introduced
by Representative Littlefield at the
last session. The full committee is ex-
pected to take the bill up, tomorrow,
and decide if it is to be reported to the
House as now framed. The text of the
bill follows:
"A bill requiring corporations en-
gagged in interstate commerce to make
returns prohibiting rebates and dis
examinations, the use of interstate COM
merce in attempts to destroy compe-
tition, and for other purposes.
BE it enacted, etc, that every COR
poration which may be hereafter or
ganized shall, at the time Of engaging
in interstate or foreign commerce, file
the return hereinafter provided for,
and every corporation whenever Or
ganized and engaged in interstate or
foreign commerce shall file q return
with the interstate commerce commits
sion for the year ending Dec. 81, when
ever and at such time as requested
by said commission, stating its name,
date of organization when and where
organized, giving statutes under which
It is organized and all amendments
thereof: if consolidated, naming con-
stituents companies and where and
when organized, with the same inform
so far as applicable, as is herein re-
quired OF such corporation; if re-or-
ganized, name of original corporation
or corporations, with full reference to
laws under which all the reorganiza-
tons have taken place, with the same
information as to all prior companies
in the chain of organizations, so
far as applicable, as is herein required
Of such corporation; amount of au-
thorized capital stock, shares into
which it is divided; par value. whether
common or preferred, and distinction
between each; amount issued and out
standing; amount paid in; how much,
il any paid in cash. and how much, if
any, in property; if any part in prop
erty, describing in detail the kind and
character and location, with it's cash
market value at the time it was re-
ceived IN payment, giving the ele-
nents upon which said market value
is based, and especially whether in
whole or in part upon the capitaliza-
ton of earnings, earning 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 true
and correct copy of its articles of in
corporation; a full, true. and correct
copy of any and all rules, regulations
and bylaws adopted for the manage
ment and control of its business and
the direction of it's officers, managing
agents and directors. Nothing herein
contained shall be construed as re-
lieving any corporation from making,
in addition to the foregoing, such re-
turns as are now required by the act
TO regulate commerce" approved Feb.
4, 1887, and all amendments thereof;
but the provisions of this act to signed
and making oaths to returns and max
ing answers on oath to written in
quiries shall be applicable to returns
and such answers made under said act
and amendments thereof
Insofar as any return may be
duplicate of one already filed that fact
may be stated, and the details. which
are in such case duplicates, need not
be repeated. Upon its being made to
appear to the satisfaction of the COM
mission that without fault on it's part,
it is inpracticable for such corporation
to furnish any of the items aforesaid,
ii may, by a written order Of said COM
Continued on page 81.