Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-03-16
MCCOY CONSULTS
n WITH PRESIDENT
IlWants Antitrust Bills TO Bar
b Agents of Foreign
Trusts.

" NSNilNbloN, Marcn 1b.-On the
W mite House schedule for a confer
enee with the President today is Con-
gresham Walter I. Mccoy The rep
resentative from the Ninth district is
TO nave conference for the second
time with President Wilson on trust
legislation which has for it's purpose
the prevention of the operation of
foreign trusts through agents resident
IN this country.
When Congressman Mccoy brought
the subject to the attention of the
President a week ago he was in COM
pany with Horace Stern, of Philadel-
phia, who has made this subject a
study, and presented his views to the
judiciary committee of the House,
and the matter seemed so important
at the time to Mr. Mccoy that he ar
Ganged to have the Philadelphia at
torpey meet the President and ex-
plain the subject in full.
The President saw that there were
possibilities in it and suggested that
tentative bills be drawn, and that
with one meeting, with the approval
of the judiciary committee, it would
stand the best chance of becoming
law. A new bill, which is expected to
meet the criticisms of the first bill,
has been drafted and was presented
to the President today for review.
The new measure as now outlined
by Mr.. Stern, contains a section in
tending to prevent any practises
which would lead to the doing direct
ly what the bill is intended to pre-
vent This new section was drawn
as the result of certain criticisms of
the bill first proposed by Mr.. Stern
The members of the judiciary COM
mittee who made these criticisms
when Mr.. Stern appeared before it
have been told of the alterations
made and have expressed approval of
the changes.
A general idea of the object aimed
at by the new measure is contained
In the following paragraphs from Mr..
Stern's bill as presented to the jul
dietary committee:
That if any contract, combination
In the form of trust or otherwise,
conspiracy in restraint of trade or
commerce, monopoly, attempt to mo-
nopoliZe, or combination or conspiracy
to monopolize, such as is declared to
be illegal or the engaging in which
Is made punishable by IAN act to
protect trade and commerce against
unlawful restraints and monopolies, :"
approved July ., 1890. and as further
defined in this act, has been or here
after shall be made, entered into,
formed, continued in, or conducted
in any foreign country, it shall be
unlawful for any person, firm or cor
poration within the United States, as
agent for or on behalf of any such
combination or trust or for or on be-
half of anv of the persons, firms or
corporations entering into, forming,
conducting or continuing in any such
contract, conspiracy, monopoly, or
attempt, or conspiracy to monopolize
as aforesaid, to sell or contract or at
ter IT to sell within the United
Stt..,4a- any merchandise, produce or
commodity owned or to be owned by
any such combination or trust, or the
sale. contract or attempt to sell which
is or shall be in pursuance or furth-
erance of or subject to any such con-
tract, conspiracy, monopoly or at
Tempt, combination or conspiracy to
monopolize, for the purpose or with
the intent that such merchandise,
produce or commodity should be i'm
ported ir to the United States.
That every such sale and contract
10 sell made or negotiated by or
through an agent as prohibited in Sec
tion six of this act is hereby declared
TO he illegal.
That any person, firm or cor
poration, knowingly violating any of
the provisions of section six of this
net shall upon conviction, be ad-
judged guilty of a misdemeanor and
be punished by a fine not exceeding
5000 or Imprisonment not exceeding
one year, or by both said punish
ments, in the discretion of the court.
The bill, as you see. aims at the
twofold purpose of making it criminal
on the part of any person within the
Jurisdiction of the United States to
act as selling agent for a foreign
trust, and secondly, of declaring il
legal the contract so formed. which
would mean. of course, that the for
eign trust could not recover the pur-
chase money for the goods sold. and
this would naturally be an effective
deterrent.