Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1903-01-09
|S[N ROAR ANTITRUST BILL
HAS BEEN COMPLETED AND MADE
PUBLIC.
viii Soon Be Introduced in the Sen
ate--WilI Go to Committee on Judi
ciary or Which the Senator Is Chair
3man-The Bill Is Divided Into II
3 secticsar-Publicity His Theme.

mondays, to introduce.
The bill goes to the committee on
judiciary, of which Senator Hoar
chairman.
The first section of the measure de-
clares that the act shall not repeal or
limit antitrust laws now on the sta
tute books.
Under section 2 the attorney general
is authorized to employ any assistance
which may be deemed necessary or
desirable to prosecute offenses under
the act, or to make investigation into
the same; and for that purpose the
sum of 100000 is appropriated.
Section provides that from and af-
ter June 80, 1904, no corporation, Joint
stock company or other association
whose stockholders are not personal
ly liable for their debts, created by
and state or territory, shall engage
in commerce with foreign nations or
among the several states, or continue
to carry on such commerce unless it
shall 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 file a
sworn statementin the office of the in
terstate commerce commission on or
before September Is, 1904, and in each
year 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 its affairs; the amount it has paid
in dividends during said periods;
statement of all stock owned by it of
any other corporation, company or as
ISOLATION, 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
porat1ons 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 provisions of this
and all other laws of the United 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-
t1nue 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
nent he may think fit in regard to the
conduct of its business, and he may
require any such corpora
ion, joint stock company or other as
ISOLATION to give list of all contracts
'r transactions entered into the - |
months preceding such requisition in
which it has sold any article or prod |
let or carried any article or product
It rate less than the ordinary market
)r1ce, If such article or product has
'een sold or carried by any other per-
on than the party to such transac-
ion. And he may further require the
easons for such distinction and cir
umstances attending the same.
Misdemeanors and Penalties.
Section provides that every per-
on, corporation, joint stock company
r other association engaged in COM
lerce with foreign nations, or among
ne several states who shall enter in
} any contract, combination or con-
piracy for the purpose of driving out
business any other person engaged
herein, shall be deemed guilty of a
lisdemeanor. Penalties for violation
re provided.
Individuals Liable.
Section declares that officers or
gents who do anything prohibited to
ne corporation by the act shall be in
ividually liable to the penalties pro-
ided.
Furnish Data on Demand.
Section provides that any corpora
ON, joint stock company or other as
that shall have been twice
djudged to have violated the provi-
ions of the act or either of the acts
lentioned in section 1 hereof by the
nal Judgment of any court having
lrisdiction of the question in any civil
uit or proceeding to which said cor
grafton shall have been a party, shall
o longer be allowed to engage in
with foreign nations or
mong the several states; provided,
lat such prohibition shall only be en-
breed after such corporation, joint
took company or other association
hall have been enjoined against fur
Ter engaging in such business, or any
formation or suit brought in Unit
States court of competent jurisdic-
on by the attorney general in behalf
the government.
Sections 10 and IL provide additional
enalties for violation of the act.
The Rock Island Railroad COMPANY
as started to build a road to the Pa t
fic 6