The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-03-24

land having capital STOCK ana alsO CUT
operations not for profit and not haN-
ing capital stock may register, but
neither are obliged to do so. This
description Is intended to include CO.
Operative organizations, as well as
business corporations, agricultural
and labor organizations, and the like
If they do register, they get the bene-
fits of the act II they do not register
they remain under the Sherman anti
trust law, unamended. In order TO
Register corporations for profit and
having capital stock are obliged TO
give such information in regard to
their financial condition, their CON
tracts. and their corporate proceed
ings, as may he prescribed by general
Regulations from time to time to be
fmade by the president OF the United
States. Corporations not for profit
and having no capital stock, in order
to register must set forth their char
ter or agreements of ASSOCIATION and
bylaws; the place of their principal
hhiAts anu AAiN lA1AAlHH VI AhNAA NAA'N
ltors or managing officers. and stand
ing committees, II any, with theil
residences. Any corporation or asso-
citation that is registered may be
stricken from the registry IL it shall
fail at any time to fee the statements
or to give the information required
under the act. or TO comply with the
requirements OF this act, or in case
Information furnished by il shall be
false in any material particular ANY
one feeling aggrieved by the decision
to remove II from the registry has an
appeal to the courts.
5. Being upon the registry, the
corporation, or association. or indi-
vidual gets certain immunities as TO
the past and the benefit Of provisions
by which il can ascertain a. to future
contracts whether these viii or Will
not be unreasonable restraint of trade
As to future combinations or con-
tracts. the government Is given thirty
days IN which to disapprove any con
III at VI d-lfFAAAfNA lltu tN a AWl NNl a
ton or association registered undo,
the acc; and if within thirty days the
government does not disapprove the
contract. the government cannot there
after attack # except through the
courts. and then only on the ground
that il is In unreasonable restraint OF
trade Contracts or agreements call
ing for new business combinations
must be filed. Contracts or agree
ments entered into in the ordinary
course of business may be filed or not
at pleasure. Such contracts. II not
fled. do not get the benefit Of the
immunities of the new act. but no.
body is obliged to file such a contract
unless he wants to do so.
6. As to the past. it Is proposed
that all pending actions may be prose-
cuted and defended to final effect. pre-
cisely as though the sherman anti
trust law had not been amended; but
that no new proceedings shall be be-
gun under the Sherman antitrust law
on account of any contract, agreement
or combination made prior to the
passage OF the amending act, unless
the same be in unreasonable restraint
OF trade: and no suit at all shall be
begun by the United states as to regis
tered corporations or associations I'M
der the Sherman antitrust law after
one year from the passage Of tn,
act.
I. In view OF the doubt that has
been raised in the minds of many as
to whether. the Sherman antitrust
act does not make even a strike I'M
lawful, a clause is included in the bill
distinctly reserving for labor all
rights that they have now, irrespective
of the Sherman antitrust act. to com.
bine and to strike and to make trade
agreements; and reserving for en-
p.oyers of labor the correlatlve rights
to combine and to discharge their EN-
ployes.
8. The foregoing summary OF the
bin is a layman's summary. which
does not attempt 10 use the legal
terms with legal exactness. It is be-
lieved, however. that with this ex-
PLANTATION of the scheme Of the bill
the provisions Of the bill itself will be
more readily understood.
SETH Low,
President of the National Civic Fed
Grafton.