The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1913-11-10
BILL WILL EMbODY
WILLIAMS
VIEWS
ANTITRUST LEGISLATION, IT Is
BELIEVED, WILL BE FASH
ioNED AFTER HIS BILL.
REGULATION NEXT Big STEP
When the Currency is out Of Way Viii
son viii Devote Attention to Trust
Evil-Williams' Idea is to Treat
Question as Matter of interstate Com.
(By Frank d. Lander, Jr.)

Washington D. c.. Nov. 10.-While
the currency and Mexico have kept
President Wilson SO busy that he has
not made public the method he has in
mind of destroying the trust evil,
there is considerable ground for the
the administration antitrust bill is to
be fashioned to a great extent after
the bill introduced in the sixty-second
Congress by Senator John Sharp Will
liams, of Mississippi.
This belief is strengthened by the
fact that the sentiment expressed in
the antitrust section of the Baltimore
platform is almost identical with that
previously expressed by Senator Viii
! liams in a hearing before the Senate
committee on Interstate Commerce.
1t is understood that antitrust legis-
lation is to be the next big step in
Democratic legislation. Democrats
and some Republicans are agreed that
the trust must be curbed; but there Is
much difference of opinion in their
ideas as to the method of regulating
them.
Senator Williams has suggested in
his bill a novel method. Instead of
having the Federal Government take
supervision over such companies by
forcing them to take out federal char
ters, as has been suggested, and thus
take away from the states the right OF
local self government, Senator VIII
liamS bill provides that the whole
question be treated as matter of in
terstate commerce; in other words, a
, state may allow corporation to do
, anything it pleases so long as it con-
, fines it's business to state boundaries,
but as soon as it expands its opera
;. tions beyond the boundaries of the
= state in which it is incorporated, it
must subject itself to regulations pro-
vided in the bill
Senator Williams Measure.
Senator Williams measure is unus-
9 ually brief, considering the great scope
it covers. 1t provides that no corpora
!. tion shall engage in interstate COM
merce unless it is organized under
n business, that provides it shall have
O only such powers as are incidental to
such business and shall not have pow
er to hold any stock of any other cor
poration to do any act in restraint of
,r trade or to do anything outside of the
state of it's Incorporation which it is
al not permitted to do therein.
n Its charter must also give equal vot-
,e ing rights to all stockholders subject
le to any general limitation on the num-
III Der of votes that may be cast by a
st single stockholder and must prohibit
lg any other corporation or partnership
re from any voice or vote, directly or
tn indirectly, in its affairs. The bill fur.
N. ther provides that all the stock shall
er- be fully paid or payable, thus prohibit
ali ing the watering of stock, and that
De- the surplus in the company shall al
of no time exceed fifty per cent of its
er capital stock and its outstanding obi
os- cations shall never exceed its capita
gh stock plus the surplus.
1t is further provided that if "it, di
rectly or indirectly, of itself or in con
nection with others, destroys or seek
unfairly to stife fair competition il
,u any part of the United States in tn
I'll manufacture, production, mining, pun
chase, sale or transportation of an
particle of commerce not subject I
Bay any patent, copyright, or trademar
day held by it. either by restricting II
rev. customers or other persons with r
He gard to price territory, or otherwis
be- or control of raw material or sourc,
of supply or of any business connects
ven Herewith, by temporarily or local
reducing prices with intent to still
and competition, by accepting rebates
: in by any other act device or course
Continued on Page Thrcs.)