The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1903-01-08
HOAR'S MEASURE
PRINCIPAL PROVISIONS oH
TRUST BILL.
Introduced in the Senate Unon
assembling After the Ho,,,
Recess---Attorney Genera, a.,
Sweeping Power to Enfo,o
Parliamentary Penalties

Washington, Jan. 3.-senator H..
has completed and made public -
antitrust bill which he asked ,o..
before the senate adjourned for the h.,
idays, to introduce. The bill goes ).
the committee on judiciary, of vb;or
Senator Hoar is chairman.
The first section of the bill decl.n.
that the act shall not repeal or lin,.
antitrust laws now on the statr..
books.
Under section the attorney genera,
is authorized to employ any assistance
which may be deemed necessary or d.
sirable to prosecute offenses under ~.
act, or to make investigation into ths
same; and for that purpose the sum ~
100000 is appropriated.
Section provides that from and
after June 80, 1904, no corportaion
joint stock company or other association
whose stockholders are not personalv
liable for their debts, created BY anv
state or territory, shall engage in com.
merce with foreign nations or among
the several states, or continue to carry
on such commerce, unless it shall com.
ply with certain conditions enumerated
in the bill. These conditions provida
among other things that such corpora.
ton, company or association shall file
a sworn statement in the Office of the
interstate commerce commission. on or
before Sept. 15, 1904, and in each year
thereafter file like statement for the
year ending with the 3Oth day of June
In said years, respectively, showing the
amount of it's capital stock and the
market value OF the came; how much
of the same has been paid in full in
cash; the names of the officers and di.
rectors and all agents entrusted with
the management of it's affairs; the
amount it has paid in dividends during
said periods; statement of all stock
owned by it in any other corporation,
company or association, specifying the
corporation, etc., and the number and
value of such shares in each case the
amount of it's own stock held by other
corporations and the value, and the
amount of stock in other corporation,
held in trust for it, or in which it has
any interest; an undertaking signed by
said officers, general manager and di.
rectors, that they will comply with the
provisions of this and other laws Of the
United States, in the management Of
the affairs of eaid corporations, joint
stock companies and other associations,
and that they accept the provisions and
liabilities of this act and the obliga-
tions by it imposed so long as they shall
continue to bold or exercise said offices
or authority.
The attorney general of the United
States may at any time require OF any
corporation, joint stock company or
other association engaged, any state.
ment he may think fit in regard to the
conduct of its business; and he may es'
pecially require any such corporation
joint stock company or other assocla'
tion to give list of all contracts or
transactions entered into during lne
twelve months preceding such requlsl'
tion in which it has sold any article or
product at rate less than the ordinary
market price, if such article or produc'
has been sold or carried by any otner
party than the party to such transac'
ton. And he may further require In0
reasons for such distinction and circum'
stances attending the same.
Section provides that every person.
corporation. joint stock company or az
ISOLATION engaged in commerce VIII
foreign nations or among the seVerS'
states who shall enter into any con-
tract, combination or conspiracy ior 'i'0
purpose of driving out of business al!
other person engaged therein shall 70
deemed guilty of misdemeanor.
Penalties for violation are provided
Section provides that officers 81
agents who do anything prohibiteo !"
the corporation by the act shall Dc III
dividually liable to the penalties p'O'
vided.
Section 9 provides that any corpo,
alton, stock company or other asSoo'a
ton that shall have twice been au
judged to have violated the pre- Vis'on'
of the act, or either of the acts i a.al
toned in section / hereof. by the una
judgment of any court having luriSu, IN
.tion of the question, in any civil s su
or proceeding to which said Corporate '".
shall have been a party, shall no lon pig
er.be allowed to engage in commoa ~
with foreign nations or among the
eral states. Provided that sucn pionb
bition shall only be enforced after 'a
corporation, stock company or otne ;n %