Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-01-10
HOAR'S TRUST plan

Washington, Jan. 2.-Senator Hoar
has completed. and today made public
the antitrust bill, which he asked leave
before the Senate adjourned for the
holidays to introduce. The bill goes to
the Committee on Judiciary. OF which
Senator Hoar is chairman. The first
section of the measure declares that
the act shall not repeal or limit anti.
trust laws now on the statute books.
Section provides: That from and
after the SOth day Of June, 1904, no cor
roration, joint stock company or other
association whose stockholders are not
personally liable for their debts, ere.
ated by any State or Territory, shall
engage in commerce with foreign ma
tons or among the several States. or
continue to carry on such commerce
unless 1t shall comply with the follow
ing conditions:
"First-lt shall file statement in
the office of the Interstate Commerce
Commission on or before September Is
1904, and shall on or before September
18th in each year thereafter file q
statement for the year showing:
"Second-The amount of its capital
stock
Third - The market value OF the
same.
"Fourth-How much Of the same has
been paid in full in cash, or, II the
same has not been paid in full in cash.
what has been received by said corpor-
alton, joint stock company or other as
ISOLATION in lieu thereof and the value
of whatever shall have been so receiv.
ed by It.
"Fifth-The names of all the Off.
GERS and directors and all agents trust.
ed with the management of its affairs.
"SiXth-The amount 1t has paid in
dividends during the year, the rate Of
percentage Of such dividends and times
Of paying the same.
"Seventh-A statement of all the
stock owned by 1t of any other cor
poraton, joint stock company or other
association, specifying the other cor.
roration, and the number and value of
shares in each; the amount of its own
stock held by other corporations and
the value thereof, and the amount Of
stock in other corporations held in
| trust for II, or in which II has any in
terest of any sort, directly or indirect.
ly, specifying the corporations.
"Eighth-An undertaking signed by
| its officers, general manager and direc.
tors that they will comply with the pro-
visions of this and all other laws of
the United States in the management
OF the affairs of said corporations. joint
stock companies or other associations;
and that they accept the provisions
| and liabilities of this act and the obi
cations by It imposed so long as they
shall continue to hold or exercise said
oinces or authority.
The Attorney General of the United
States may at any time require OF any
corporation any statement he may
think fit in regard to the conduct of its
business; and he may especially re-
quire any such corporation to give a
list of all contracts or transactions an
tered into in the twelve months pre-.
ceding such requisition in which 1t has
sold any article or product, or carried
any article or product at rate less
than the ordinary market price, II
such article or product has been sold
or carried by any other person than
the party to such transaction. And he
nay further require the reasons for
such distinction and circumstances at.
tending the same"
Section 4 provides that violation OF
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