Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1903-01-22
ANTITRUST BILL READY
Measure That is Believed to be
Satisfactory to House and
Senate
SUBCOMMITTEE FINISH WORK
The Bills That Have Been Prepared
in Both Wings Of the Capitol Are
Much Alike and This Fact Brisntens
the Outlook for Effective Antitrust
Legislation.

the OUTLOOK tor Encctive Antt-lTusS
Legislation.
Washington, Jan. 22.-Anti-trust
Legislation las received an impetus in
spite of the apparent deadlock in the
senate on the statehood bill. n
antitrust bills took shape in the sub
committees in both wings of the capt.
tol, and they are not conflicting / n their
general outlines. The subcommittee
of the senate committee on Interstate
commerce agreed upon a bill to pre-
vent rebates by the railroads and make
more drastic the provisions of the in
terstate commerce act.
The republican members Of the sub
committee of the house also completed
their work and called in the democratic
members for conference. The house
bill will be laid before the house ju-
dietary committee today and reported
to the house early next week.
xtlGIG nave OGGIt lIGIuSilI SAiSS@
of the house subcommittee with the
president and Attorney General Knox.
and also with leading senator's, the
purpose being to frame a bill which
will pass the house and then be ac-
Icepted by the senate without amend
ment. This would facilitate he work
and save time, especially in the senate,
where the statehood bill is delaying
work and congesting legislation.
The house subcommittee's trust bill
provides. first, hat every corporation
which may hereafter be organized, Or
is already organized. shall file a return
with the interstate commis'
! sion for the year ending Dec. 81. when-
ever and at such time as required
by the commission, stating name, date
OF organization, statutes under which
organized, if consolidated. giving the
name OF constituent companies and
where and when organized; If reorgan-
lied, name Of original corporation or
corporations; amount of authorized
capital stock, shares into which 1T is
divided. par values; amount issued
and outstanding amount paid in, how
much paid in cash and how much In
property, giving details as to kind and
character and location of property.
with cash market value at time re-
lceived, earning capacity, ETC.; name
and address OF each officer, managing
agent, and director; and true copies
of articles OF incorporation, rules, reg
%ulations, and bylaws.
The commission shall prepare blank
returns for the use of said corporations
and make necessary rules and regu-
lations to carry out the purpose of the
act. The president, treasurer, and ma
|jority of the directors shall make oath
in writing on said returns. The treas
urer or other officers shall answer on
oath all inquiries that may be made
in writing at the direction of the COM
mission in relation to said return, and
any corporation failing to make such
return may be restrained on the suit
Iof the United States from engaging
lin interstate until such re-
turn is made. Suit may be brought in
any district at the election of the at
torney general.
Section 2 provides that whoever
knowingly swears to a false return
shall be deemed guilty of perjury. and
/ 0tlOSNSA ohoAA
turn that is false shall be guilty OF
s~ubornation OF perjury m punished.
Section 3 provides that the COM
mission shall publish a list OF all cor
operations each year, before June !.
Section four provides that the COM
mission shall have authority to inquire
into the management Of corporations
in the same manner, to the same ex-
tent, and with the same power to com-
pei the testimony OF witnesses and the
production of books rs provided in the
interstate commerce act of 1887. Any
person neglecting to make returns OF
refusing to testify shall be deemed
guilty of an offense against the Uni,
ted States and fined not less than $500
or more than $4,000
Section five provides that n person,
carrier, lessee, trustee, receiver, Off :
Ger, agent, or representative Of a car
rier subject to the act to regulate
commerce, who shall offer, grant, give,
solicit, accept, or receive any rebate,
concession, facilities, or service In re-
spect to the transportation of any prop
erty of interstate or foreign commerce
by any common carrier whereby any
property shall by any device whatever
be transported at a less rate than that
named in the tariffs published and
filled, or receive any advantage by way
of facilities or service, shall be guilty
of a misdemeanor and fined not less
than $1,000.
Section 6 provides that no corpora
ton engaged In production, manufac-
ture, or sale of any article Of COM
merce, violating the provisions of sec
ton 5, or attempting to monopalize OIL
control the production, manufacture
or sale thereof, in any particular To-
cality, by discrimination in prices OIL
by giving special privileges or re-
bates, or otherwise, in order to destroy
competition, shall use, either directly
or indirectly, my of the facilities OF
instrumentalities OF Interstate COM
merce; nor shall any other person o,
corporation be allowed to use these ia
~cilities to aid such corporation to con-
tinue it's determinations. Every per-
son or corporation violating this provi-
sion shall be punished by a fine OF no
less than $500, or more than $4,000.
Section Z provides that any common
carrier knowingly transporting any
property purchased in violation of the
Sherman antitrust law shall be sub
ject to a penalty of not less thar
1000.
Section 8, hat in all prosecutions OF
hearings, whether civil or criminal, nc