Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1903-01-10

wosbington.-Senator Hoar has
mneted and has made public the
.,rrust bill which he asked leave
snu the senate adjourned for the
ss,iaays. to introduce.
hv mso hin goes to the committee on
judiciary, OF which Senator Hoar
chairman. ~. - a.
.,ares that the act shall not repeal or
,,.,it antitrust laws now on the sta
tute books.
rTnder section the attorney general
!. authorized to employ any assistance
..hich may be deemed necessary or
,aa;rohle to prosecute offenses under
Nact mr. to make investigation into
~ same: and for that purpose the
sum Of 100000 is appropriated.
COTTON 3 provides that from and af-
+or lime 30, 1904, no corporation, joint
stock company or other association
.rboea stockholders are not personal
!, liable for their debts, created by
and state or territory, shall engage
i commerce with foreign nations or
among the several states, or continue
II carry on such commerce unless 1t
eball comply with certain conditions
enumerated in the bill.
Must File Sworn Statement.
These conditions provide among
other things that such corporations,
company or association shall lille
sworn statementin the office OF the in
,orstate commerce commission on or
before September Is, 1904, and in each
wear thereafter file like statement
for the year ending with the 18th day
of June in said year, respectively
showing the amount Of it's capital
stock and the market value OF the
same. how much of the same has
been paid in full in cash; the names
of the officers and directors and all
agents entrusted with the management
of it's affairs; the amount it has paid
in dividends during said periods; a
statement of all stock owned by 1t of
any other corporation, company or as
sociation, specifying the corporation,
ETC., and the number of shares and
value of such stock in each case; the
amount of its own stock held by other
corporations and the value thereof,
and the amount of stock in other cor
porations held in trust for it, or in
which it has any interest; an under
taking signed by said officers, gen.
eral manager and directors. that they
will comply with the pre- ot this
and all other laws of the Un1,3,f States
in the management of the affairs of
said corporations, joint stock compan-
les and other associations, and that
they accept the provisions and liabili-
ties of this act and the obligations by
it imposed so long as they shall con-
tinue to hold 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
especially require any such corpora
eiVij JOlnI oIOCh CollpSIIly "a obAtSA ebo
ISOLATION to give list of all contracts
or transactions entered into the IL
months preceding such requisition IL
which it has sold any article or prod
uct or carried any article or product
at rate less than the ordinary market
price, il such article or product has
been sold or carried by any other per-
son than the party to such transac-
ton. And he may further require the
reasons for such distinction and cir
cumstances attending the same.
Misdemeanors and Penalties.
Section provides that every per-
son, corporation. joint stock company
or other association engaged in COM
merce with foreign nations, or among
tne several states who shall enter in
10 any contract, combination or con-
spiracy for the purpose of driving out
vi business any other person engaged
therein, shall be deemed guilty of a
mlsdemeanor. Penalties for violation
are provided.
individuals Liable.
section declares that officers or
agents who do anything prohibited to
me corporation by the act shall be in
uivldually liable to the penalties pro-
Vided.
Furnish Data on Demand.
section 9 provides that any corpora
eion' Joint stoclN company or other as
eociatlon that shall have been twice
auJuuged to have violated the provi
eIons OF the act Or either of the acts