Waterbury Democrat., 1903-01-03
THE ANTITRUST BILL
Senator Hoar Makes Public
 His Measure.
PUBLICITY IS ITS MAIN FEATURE.
All Corporations Required to File & Complete Statement of Their Af- fairs With the InterstHtc
 Commerce COmmfs sslon.

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. Following are the more
 important points of the measure:
 The attorney general is authorized
 to employ any. professional or other assistance which may be deemed nec-
 essary or desirable to prosecute of
 lenses under this act or under the acts
 herefnbefore mentioned, to which this is an addition, or to make investiga- ton into the same, and for that pur pose the sum of $5O0000 or as much thereof ss may be necessary is hereby appropriated out of any money in the treasury not otherwise appropriated.
 From and after the Both of June, 1904, no corporation, joint stock com pany or other association whose stock holders are not personally liable for their debts, created by any state or territory, shall engage in commerce with foreign nations or among the sev- eral states or continue to carry on such commerce unless 1t shall comply with the following conditions:
 First.-It shall file a statement in the office of the interstate commerce com mission, signed and sworn to by it's president, its treasurer, its general manager and majority of its direct ors or by the persons exercising the powers usually exercised by such off, cers and directors of such corporations, joint stock companies and other asso- ciat.ons on or. before Sept. 15, 1904, and shall on or before Sept. IS in each year thereafter file a like statement fer the year ending with June 30 in said years respectively showing:
 Seeond.-The amount of its capital stock.
 Third.-The market value of the same.
 Fourth.-How much of the same has beer. paid in in full in cash, or if the same has not been paid in in full in cash what has been received.
 Fffth.-The names of all the officers and directors of such corporation, joint stock company or other association and all agents intrusted with the gen. eral management of its affairs.
 Sixth.-The amount it has paid in dividends 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 corpora tion, joint stock company or other asso- ciAtion, specifying the corporation, joint stock company or other associa- tfSn and the number and value of shares in each; the amount of its own, stock ,hsld by other corporations, joint stock companies or other associations and the value thereof.
 Eighth.-An undertaking signed by said osncerS, general managers and di- rectors that they will comply with the provisions of this and all other laws of the United States in the management of the affairs of said corporations, joint stock companies or other associa- tions and that they accept the provi- sions and liabilities of this act and the by it imposed so long as they shall continue to hold or exercise said office or authority.
 The attorney general of the United States may at any time require of any joint stock company or other association so engaged any state ment he may think fit in regard to the conduct of its business, and he may require any such corpora tion, joint stock company or other as- sociation to give list of all contracts pr transactions entered into within the twelve months preceding such requisi- lion in which 1t has sold any article or CT carried by any other person than the party to such transa ction, and he may. further require the reasons for guch distinction and the circumstances the same.
 Every person, corporation, joint stock company oT other association engaged In commerce. with foreign nations or among the Reveral states who shall en- ter into any contract, combination or conspiracy or who shall give any direc- ton CT authority to do any act for the purpose of driving out of business any other person engaged therein or who for such purpose shall in the course of such commerce sell any article or prod uct At less than its fair market value or at less price than it is accustomed to demand or receive therefor in any oth- CT place under like conditions or who shall sell any article upon condition, contract or undertaking that 1t shall not be sold again by the purchaser or such gale by the purchaser shall be deemed guilty of misdemean- or and on conviction thereof shall be punished by fine not exceeding $5,- GOO er by imprisonment not to exceed ono year or by both said punishments in the discretion of the court.
 All the books of record and papers of every such corporation, joint stock company or other association engaged fin commerce with foreign nations or among the several states shall be sub- ject to inspection by the attorney gen. cral of the United States or by any agent he may designate for that pur- pose, and such corporation, joint stock company or other association shall at such times as he shall prescribe make such further returns, verified as afore-
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