Pine Bluff daily graphic., 1913-01-21
 ACTS ARE DRASTIC Wilson Would Free New Jersey of Stigma of MO
 ther of Trusts"
HAS BILLS DRAWN
They Are Presented to the New jer@ sey Legislature for Passage
 Would NationaiiZe Them.

Trenton, N. J.. Jan. % What is generally considered to be a habin ger of what Fresidcnt-elect Wilson mas in mind in the way of rational legis- lation to control trusts, was incor- porated in a series of several bills in- troduced in the upper house of the legislature this afternoon by Senator J. Warren Davis of Salem county, Democratic leader.
 These measures were drafted at the direction of the governor by Chancel- Tor Edwin R. Walker and former Su preme Court Justice Bennett Van Sickel and their purpose is to rid this state of it's so-called stigma of Moth CT of Trusts The bill were com pleted about a week ago when they were turned over to Gov. Wilson and kept in his possession u,tl, shOr.ly before the session was called to order this evening"
 The first measure in the series is entitled An act to define trusts and to provide for criminal penalties and punishment of corporations, firms and persons to promote free competition in commerce and all classes Of busi- ness.'
 Violations of this law are the crea- tion of restrictions in trade. acGilire- ment of monopoly and the 1iN,Ee Of prices. Such violation is to be mis- demeanor and the penalty is three years imprisonment or a fine of st. 900 or both.
 The second bill is a supplement to the act for the punishment of crimes and specifics that a corporation, firm or individual shall not discriminate in one community as against anoth- CT; that is, it shall not sell com modity in one section in New Jersey for lower price than in another.
 The next measure is a supplement to the corporation act and provides that when stock is issued by cor poration in payment for property pur- chased the purchasing eorpo, atlnn 1 must receive in stock what the same is really worth in money, at fair l bonafide valuation. .,.o 1 The fourth bill amends the Crimes art hy making it a misdcmeanor for any person to organize any corpora i tion under the laws of the state with intent to create a restraint of trade.
 The fifth act amend- section ol or the corporation law under which, since 1893, holding companies nave heen organized. The amendment proyides that no corporation organlz- ed under the laws of this state snail hereinafter purchase, hold, sell or as- sign the shares of the corporate stock of or any bonds. securities or evl- dence of indebtedness created by any other corporation.
 The sixth act amends the corpora tion law in reference to the merger ar consolidation of corporations ana eliminates from the present law the right of merger corporations to ac- nuire and hold the stock of other cor
 porations.
 Another act provides that before
 the merger of any corporation writ-
 ten consent of the state board or pup
 1;c utilities commission must De on-
 tained and filed with the secretary o'
 state.
 Accompanyirg the bills was one
 from Chancellor Walker explaining !, the measures. It was prepared at the direction of the governor who ex' nressed his confidence that the pro- nosed measures will put an end tc trust and monopolies under the laws of New Jersey. It can also be salo that while the president-elect con- l cedes that national Legislation may have to be different, these seven Dliis in general are the character or iesis' ,o+;on that he believes is necessary for the country.
 The bills are complete reply te the criticisms directed against Gov '|Wilson in the recent campaign hs Col. Roosevelt and others who '.neie '(that Gov. Wilson had never taken
 definite step in the direction or free ing New Jersey of the name Of MO