The San Francisco call., 1903-01-23
LabOrs of Sub-COm-
mittee End in
Agreement.
Leading Senators Not
Willing to Give
Approval.
Difference of Opinion Rests
Largely on Question
of Publicity.
Special Dispatch to The Can.

Special Dispatch to The Call
WASHINGTON, Jan. 22-There IS a
distinct feeling Of encouragement among
the friends of antitrust legislation since
the final completion of the House bill
and the agreement of the subcommittee.
1t is now thought. however. that the bill
will not be finally passed by the House
until week after next.
Representative Litteheld of Maine. who
will champion the bill in the House has
been appointed chairman of the sub-con-
Eittee of the House Committee on Mer-
chant Marine and Fisheries to investigate
the question of coal transportation and
Will go to New England next week TO
hear testimony. The Democrats in the
House will confne their opposition to
amendments TO the bill They may Of
fer a substitute of more stringent char
acter- Failing in this, they will vote for
the Littleield bill.
The disposition in the Senate to favor
some form of trust legislation is growing.
The main difference of opinion between
the two houses rests largely on the question
of publicity, leading Senators being un-
willing to go so far as the I1ttleheld bill
provides.
Judge W. A. Day of this city, who acted
as the special attorney of the Department
CT Justice In the beef trust case. highly
cOmmends the House bill In speaking to-
night of its featur he said:
If such & bill should be enacted into
law, great step will have been taken
toward effective regulation of hurtful
combinations.
Il like especially the provision which
proposes to prevent railroads from making
secret preferences in their rates and IA
cilities in favor of great concerns, at the
expense of smaller shippers. The bill
seems to meet this sorest grievance and
in this respect to supply deficit In the
present law
TEXT OF THE BILL.
A bill requiring corporations engaged in IN
terstate commerce to make returns prohibiting
rebates and discrimina eions. the use of inter-
state commerce in attempts to destroy COM
petition and for other purposes
BIT il enacted. ETC.. that every corporation
which may be hereafter organized shall at the
time of engaging in interstate or foreign CON-
merce file the return hereinafter provided for.
and every corporation whenever organized and
engaged in State or foreign commerce shall
file return with the Interstate Commerce
Commission for the year ending December 81
whenever and at such time requested BY
said commission. stating its name. date OF
organization, where and when organized, Civ
ing statutes under which it is organized and all
amendments thereof; II consolidated. naming
constituent companies and where and when or
ganized, with the same information as to such
constituent companies. far applicabIs
as herein required, OF such corporations; If re-
organized. name OF original corporation OF cor
poralions. with full reference to laws under
which all the congratulations have taken place,
with the same information as to all prior com
panies in the chain OF reorganization. so far as
applicable. as is herein required OF such cor
poration; amount Of authorized capital stock
shares into which it is divided par value,
whether common or preferred and distinction
between each; amount issued and outstanding;
amount paid in how much, il any paid in IN
cash and how much, If any. in property. il any
part In property. describing in detail the kind
and character and location with its cash mar
ket value at the time it was received in pay
ment giving the elements upoS Shich said
market value is based and especially whether
in whole or in part upon the capitalization Of
earnings. earning capacity or economies, with
the date and the cash price paid therefor AT
it's sale the name and address OF each officer,
managing agent and director; true and cor
rect copy of It's articles Of Incorporation; a
full true and correct copy OF any and all rules.
regulations and bylaws adopted for the man
agement and control OF is business and the
direction of its officers. managing agents and
directors
Nothing herein contained shall be construed
a. relieving any corporation from making. in
addition TO the foregoing. such returns as are
now required by the act to regulate
Continued on Page 8, Column I.