The Cairo bulletin., 1908-03-24

If they do register, they get the bene
fits of the act. If 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 tC
give such information in regard tc
their financial condition, their con,
tracts, and their corporate proceed
ings. as may be prescribed by general
regulations from time to time to be
made by the president of the United
States. Corporations not for profit
and having no capital stock, in order
to register must ste forth their char
ter or agreements of association and
bylaws the place of their principal
office, and the names of their direc-
tors or managing officers, and stand.
ing committees, If any. with their
residences. Any corporation or asso
citation that is registered may be
stricken from the registry If il shall
fail at any time to file the statements
or to give the information required
under this act, or to comply with the
requirements of this act, or in case
furnished by it shall be
false in any material particular. Any
one feeling aggrieved by the decision
to remove it from the registry has an
appeal to the courts.
5. Being upon the registry, the cor
poration, or association, or individual,
gets certain immunities as to the past,
and the benefit of provisions by
which it can ascertain as to future
whether these will or will
not be attacked by the government
as in unreasonable restraint of trade.
As to future combinations or con.
tracts, the government Is given thirty
days in which to disapprove any con
tract or agreement filed by a corpora.
ton or association registered under
The act; and If within thirty days the
government does not disapprove the
contract, the government cannot
he courts, and then only on the
ground that it is In unreasonable re
,traint of trade. Contracts or agree
ments calling for new business com.
)inations must be filed Contracts or
agreements entered into In the or
linary course of business maybe filed
)r not at pleasure. Such contracts. if
lot fled, do not get the benefit of the
of the new act, but nobody
6 Obliged to file such a contract TN
ess he wants to do so.
G. AS to the past, Il Is proposed
hat all pending actions may be prose
'uted and defended to final effect, pre-
,isely as though the Sherman anti
rust law had not been amended; but
hat no new proceedings shall be be-
un under the Sherman antitrust law
N account of any contract. agreement |
n combination made prior to the
'assage of the amending act. unless
he same be in unreasonable restraint |
# trade; and no suit at all shall be
egun by the United States as to
egistered corporations or associa- |
ions under the Sherman antitrust |
bw after one year from the passage |
f the amending act.
{. In view of the doubt that has |
( en- raised in minds of many as TO
shether the Sherman antitrust act |
oes not make even a strike unlawful. |
clause is included in the bill dis
inctly reserving for labor all rights
hat they have now, Irrespective of
he Sherman antitrust act, to com
inc and to strike and TO make trade
and reserving for en-
loyers of labor the eorrelative rights
D combine and to discharge their EN-
loves
S. The foregoing summary of the
i'll is a layman's summary. which
oes not attempt to use the legal
arms with legar exactness. It is be
eved. however. that with this ex-
lanation of the scheme of the bill.
he provisions of the dill itself will be
lore readily understood
SETH LOW,
resident of the National Civic Fed