The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-03
AN ANTITRUST DOSE
The Bill With Which Hoar
Would Relieve a Suffer-
ing Public.
(By the Associated Press.)

Washington, d. c.. Jan. 2.-Senator
Hoar has completed and today made pub
lie 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 It is entitled
"A Bill for the Regulation of Trusts and
Corporations Engaged in International or
Inter-Stat Commerce" The first section
continues in force the present Inter
State Commerce Act and the so-called
Sherman Anti Trust Law. Section ap-
propriates $500, 900 to enable the Attorney
General to prosecute offenses under this
and existing acts and authorizes him to
employ necessary assistance. Section 3
provides that after June &c. 1904. mo cor
poration joint stock company. or other
association. whose stockholders are not
by any State or Territory, shall engage
in commerce with foreign nations or
among the several States, or continue to
carry on such commerce. unless ii shall
comply with the following conditions:
First-it shall file statement in the
office of the Interstate Commerce Com
dent, its treasurer, it's general manager
and majority of it's directors, OF by the
persons exercising the powers usually eX-
ercised by such officers and directors
of such corporations, joint stock COM
panies, and other associations, on or be-
fore the fifteenth of September. in the
year nineteen hundred and four, and
shall on or before the fifteenth day of
September in each year thereafter file a
Ike statement for the year ending with
the thirteenth day of June, in said years,
respectively 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 in full in cash; or if the
same has not been paid in full in cash,
what has been received by the said cor
poration, joint stock company. or other
association, in lieu thereof and the value
of whatever shall have been so received
by it.
Fifth-The names of all the officers and
directors of such corporation. joint stock
company or other association, and all
agents intrusted with the general manage
ment of its affairs.
Sixth-The amount it has paid in divi-
dends during said period. the rate OF
percentage of such dividends and times
of paying the same.
Seventh-A statement of all the stock
owned by it of any other corporation,
Joint stock company, or other association,
specifying the corporation, joint stock
company, or other association, and the
number and value of shares in each; the
amount of its own stock held by other
corporations, joint stock companies or
other associations and the value there
Of and the amount of stock in other
corporations, joint stock companies or
others held in trust for it., or in which
it has any interest, directly, or indirectly,
absolute or conditional, legal or equitable,
specifying the corporations, joint stock
companies, or other associations.
Eighth-An undertaking signed by said
officers, managers, and directors, that
they will comply with the provisions OF
this and all other laws Of the United
States in the management of affairs OF
said corporations. joint companies, or
other associations; and that they accept
the provisions and liabilities of this act,
and the obligations by it imposed, so
long as they shall continue to hold or
exercise said office authority.