The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1912-08-01
ANTITRUST BILLS Of
STANLEY COMMITTEE
Every Form of Restraint of
Trade Covered by Legis-
Iation Recommended.

shall have jurisdiction to make such
restraining orders or prohibitions as
may be necessary to recreate condi-
lions in harmony with the law, includ-
ing prohibitions Of any acts, conduct,
methods or devices which are enumer-
ated herein as Indicating unreasonable
restraint" The memorandum referring
to this clause says:
'"This clause is designed expressly
to grant or confirm to the court the
power which the circuit judges in the
tobacco case failed to recognize or de-
c1ned to exercise namely, the power
to prohibit in the future on behalf of
the defendants acts which would tend
to prevent the restoration or main
tenance of competitive conditions"
Limiting Railways Business.
The bill amending the Interstate
commerce law contains the following
principal propositions:
"That it shall be unlawful for any
person, company, firm or corporation
engaged in mining or manufacturing
products of any kind or description
which are or shall be transported in
interstate or foreign commerce by car
r1ers subject to the provisions of the
act to regulate commerce, approved
Feb. 4, 1887, as amended, to own, in
whole or in part, directly or Indirectly,
by stock ownership or otherwise, any
railroad or other line of transporta-
ton, or the property of either, of any
common carrier subject to the provi-
sions Of this act"
Members Of the Stanley committee
drafted this bill after consultation
with members Of the Interstate COM
merce commission, and the chairman
Of the committee holds a note from
the commission expressing the belief
that If this bill is enacted into law it
will meet the evil resulting from joint
ownership Of industrial corporations
and railroads. A second section of the
bill Provides:
THAT 1t shall be unlawful for any
person, company, firm or corporation
who, or which, owns, holds or in any
way controls majority of the capital
stock of any other corporation en-
gagged in operating a line of transport
tatlon as a common carrier in the
transportation Of passengers or prop
erty wholly by railroad Tor partly by
railroad and partly by water, when
both are used under a common con-
troll, management or arrangement for
a continuous carriage or shipment) and
engaged In interstate or foreign COM
merce, to operate or by any manner
or means participate in the operation
in whole or in part Of such line, or to
ship over such line in interstate com
merce any article or commodity
bought, sold, manufactured, mined or
produced by or under the control of,
or owned in whole or in part by, or in
which any interest, direct or indirect,
Is held by any such person, firm, cor
poration or company so owning a ma
jority Of the capital stock.
The bill provides that each days vio-
lation Of the proposed act shall be a
separate Offense. An amendment Of
the above character would prohibit any
Industrial corporation from shipping it's
products over a railroad which it owns,
directly or indirectly.
Sherman Law Amendment.
In the bill to amend the Sherman
law it is declared that prima facie evil
dence of restraint Of trade shall exist
Whenever the vender does business
directly or indirectly under any other
name than his own.
Whenever the vender "spies'' upon
the business of any competitor.
Whenever the vender attempts to
cut prices below the cost Of production
to prevent competition or to kill it.
Whenever the vender fixes exorbi-
tant prices upon some raw or manu-
featured material which he controls.
Whenever the vender refuses to sup
ply to person the article he controls
upon the same terms under which he
supplies others.
Whenever the vender attempts to ap-
portion territory or to use any other
unfair or oppressive method of COM
petition.
The Democratic bills are approved.
with the exception Of that section re-
lating to burden Of proof, by all Dem
ocrats of the committee. Mr. Little
ton alone dissents on the burden Of
proof issue, contending that defendant
corporations should not bear the bur
den of proof when charged with IN
reasonable restraint Of trade, but that
the government must prove unreason-
able restraint
&0E A00 Enn GAMMA allll "A