The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1912-08-01
Three Radical Measures Are
the Result of Many Months
of Investigation.
.HREE bills embodying propo-

~1nHE Oils embOdying propO-
sails to amend the Sherman
N law and the interstate COM
merce act have been agreed
upon by the Democratic members of
the Stanley steel trust Investigating
committee. Every form of restraint
OF trade is covered by the LEGISLATION
recommended. The bills in brief pro-
vide:
mat any corporation controlling 80
per cent of the output of any com.
modify handled in interstate commerce
is guilty of restraint of trade.
That in the amended Sherman law
tne words RESTRAINT of trade" mean
any restraint in any respect to any
extent of trade or commerce among
the several states or with foreign ma
tons.
mat in every proceeding brought
against a corporation for alleged re-
stralnt of trade the burden of proof
shall be on the corporation and not
on the government or any other in
jured party.
That no person who is engaged as a
member of a partnership or as an Off
Ger, director or employee of a cor
poraton which manufactures or sells
structural steel, railroad rails, cars or
locomotives Or who is engaged in the
mining or selling Of coal shall act as
an officer, director or employee Of any
railroad company engaged in inter-
state traffic. This would end the in
terlocking system of directorates.
That the courts shall have authority
to fix the selling price of any article
If it is shown in preliminary hearing
that the corporation supplying the
market with that article, whether raw
or manufactured, has monopoly and
that the public is denied the opportu-
nifty of unhampered purchase. It is
provided that the court shall issue such
az order "by injunction or otherwise
as will secure to purchasers or users
of such article full opportunity to Sc
cure and use the same upon payment
of reasonable compensation to be
fixed by the court in such order until
some other adequate substitute for
such article may be found"
That injured individuals and the
sovereign states shall have the power
of intervention in any suit brought
against corporation charged with re-
proposes that in this respect the Sher
man law shall be amended to read as
follows by the addition of three Sec
tions-1O, II and -:
Provision For Intervention.
"Any person who shall be injured in
his business or property or shall be
threatened with such injury by any
person or corporate by reason of any
thing forbidden or declared to be I'M
lawful by this act may bring suit in
equity in any circuit court of the Unit
ed States in the district in which the
defendant resides or is found to pre-
vent and restrain violations Of this
act and for other appropriate relief.
whenever suit has been instituted
under section of this act (the Sher-
man act any person who shall be in
jured in his business or property or
threatened with such injury by the de-
PENDANTS in said suit, or any of them.
by reason of anything forbidden or de-
clared to be unlawful in this act, any
state of the United States may at any
time intervene in said suit to protect
bis interests, or if the intervenor be
"a state the interest of the citizens of
such state, and any person injured or
any state may after final decree in said
suit petition said court for protection
or redress in case Of any violation of
said decree, and the court shall have
power to take such action as may be
appropriate in the premises.
"Whenever in any suit it shall appear
that any combination was entered into,
existed or exists which is in restraint
of trade the burden of proof to estab-
fish the reasonableness of such re-
straint shall be upon the the party who
contends that such restraint is reason
able.''
The bill to amend the Sherman law
contains ten sections, and attached is
memorandum which sets forth in de-
tail how the proposed amendments
would safeguard the interests of the
states and the independents" in cases
similar to those brought against the
Standard Oil company and the Amer
lean Tobacco company. Clause C Of
the tenth amendment proposed provides
that court, after holding a defendant
corporation guilty Of restraint of trade,