The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1912-02-27

|uED AT THE TRUSTS
!, c,nator Would Compel
-rrpetition and Gust the
Holding Companies.

Holding Companies.
|,,sHISGroS, Teo, 26,-rhe trust
., Il Senator Cummins OF Iowa
"a. for the Republican no"ina,
,,<;deut. is embodied III a bill
~, Cummlns introduced today
- IL strengthen the govern
4, antitrust powers. The mes sure
q ,,oridc Whist it is claimed wouid
!. A., authority to limit the size
'.s,sr,.ious and to guard against
!, r;nous competition through
.pa,i underselliug-
4 vzuN put iuto being a trade com
Il, into which the present cor
.+s,,, breau would he merged with
!, e,ssnt powers, The purpose IN
g, ,Oporations, it is set forth
a b revcnt operation of business
|. 4, xay with economy Of produc-
. = 10 limit them III the very be
q, in such 4 way as TO leave
=
4 4 tsst for others of Substantially
sss magnitude between which
Eiifll sumpctition may he preserved.
EEgplained-
|h aw would apply only to corpora
upsalized at $1,000, 700 or more
4 NJ TO interstate commerce com
4 arigs. That the present anti
! Nv would not be changed IS made
n declaration that whatever is
IrI under that law shall continue
m and that the intent Of the
"a 10 maintain competitive condl-
= !, trade "to accomplish which
|ha !, literally construed. =
i "tlsde commission" would be
I'D Of three members TO serve
Fls each at $4,000 a year, and
srl to employ secretaries, ex-
a spd experts. The commission
i,Csire into tine organization and
f Of the business Of all corpora
q PERSONS engaged IN Interstate
Er aud would place before the
,sst Of justice for prosecution
tslitioo Of either this measure or
1irzst law.
hlg Suit.
n.tolmlssion finds that any cor
9 Employs. or proposes to EN-.
Z extent Of capital which would
o. prevent substantially com
conditions. ihc bill provides
Ge commission or the depart
z FNiee "may bring the nee
ut to eniojn. The tlexibility
Fonslon is in the commission s
SF!eeilbe a period within which
'saea must cease. The measure
FNalplt common directors and
9ong corporations carrying on
mtbe same general character
~ e1einde dummy or nominal
i would exclude from COM
y corporations which control
@s Or exercise OF other means
M u any other corporation and
Nla'iols capitalized at 10000
e, whose directors or officers
" board of directors or among
s OF the banking institutions.
Addly Drawn.
D. ,,. e'ovslon is made against the
s'apauy that is not itself en-.
,',0,.ae |, ,tOnmeree. Common carriers
rIr,Iu,ng raI, or producing enter
'Saa sss, oc completely disasso.
J. VA =. no corporation could at
- Il. IL ehsISc for freight trans.
: lar and engage in manufac.
&, q ;plUaacIug. The law would
..,, ,nmrstate commeree auv Der.
IN, Igs'a{lon y atom receiving any part
u charge for freight trans.
ss,;.t y Continued practice of yol!.
isal,les i.,i,nl, below actual cost 80
sg ,oa q competitor would he
rsa;s.t sll.t a0d uniform nriee re.
r,,aa rsSG,aed only by yarintions in
H.paa. ya costs when the seIline
uc. uc'ae transportation and Nv
.s "a. difference between m tbl
1'''ad lots and less ca csrloaS aS
ss,;,cc sMc Payments for fipaSc;nS nm
s 'aS isS.! become law, CORPORATION; n1uilpe
w. ,sas !, securities in excess o.
p T" property value received