The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-01-22
HOUSE TRUST BILL
The Judiciary Measure Giving More
Power to the I. C. Com
mission.
Corporations Must Make Returns
Stiff Fines for Railroads
That Give Rebates.

r. Washington, Jan. 22.-The subcommit-
tee trust bill reported to the full house
judiciary committee provides first, that
every corporation which may hereafter
organize or Is already organized shall file
a return with the interstate commerce
commission for the year ending Dec 81.
whenever and at such time as required
by the commission, stating name date
or organization, statutes under. which it
organized, If consolidated giving the
names of constituent companies and
where and when organized; if reorganized
name OF original corporation or corpora
tons, amount Of authorized capital stock
shares into which it 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 prop
erty, with the cash market value at time
received, earning capacity, etc.; name and
address Of each officer, managing agent
and director; and true copies Of articles
OF incorporation, rules, regulations and
bylaws. .-'i,.
The president, treasurer and majority
Of the directors shall make oath in writ
ing ON said returns. The treasurer or
other officers shall answer on oath all
inquiries that may be made in writing on
the direction of the commission in .rela-
ton to said return, and any corporation
failing to make such return may be re-
strained, on the suit Of the United States.
from engaging in interstate commerce I'M
til such return is made. Suit may be
brought in any district at the election of
the attorney general.
Punishment for Perjury.
Section 2 provides that whoever know
ingly swears to a false return shall be
deemed guilty Of perjury, and whoever
shall knowingly prepare return that Is
false shall be guilty of subornation of
perjury and punished.
Section 8 provides that the commission
shall publish a list of all corporations
each year, before June /.
Section provides that the commission
shall have authority to inquire into the
management OF corpora tons in the same
manner and to the same extent, with the
same power to compel the testimony of
witnesses and the production of books as
provided in the interstate commerce act
of 1887. Any person neglecting to make
returns or refusing to testify shall lie
deemed guilty Of an offense against the
United States and fined not les than $500
nor more than $4,000.
Rebates Unlawful.
Section provides that any person., car
rier, lessee, trustee, receiver, officer, agent
or representative of carrier subject tc
offer, grant, give, solicit accept or receive
any rebate, concession, facilities or service
in respect to the transportation of any
property Of interstate or foreign commerce
by any common carrier whereby any prop
erty shall by any device whatever be
transported at less rate than named ir
the tariffs published and filed, or shall re-
ceive any advantage by way Of facilities OF
service, shall be guilty of misdemeanol
and fined not less than 81 900.
Section 6 provides that no corporation
| engaged in production, manufacture OF
sale of any article Of commerce, violating
the provisions of section s, or attempting
| to monopolize or control the production
manufacture or sale thereof, in any par
ttcular locality, by discrimination in price!
or by giving special privileges or rebate!
or otherwise in order to destroy competi
ton, shall use, either directly or 1ndi
rectly, any of the facilities or instrument
talities of interstate commerce; nor shall
any other person or corporation be al
lowed to use these facilities to aid sucl
corporation to continue it's discrimina
tions. -. Every person or corporation VIC
latinga this provision shall be punished b.