American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1914-01-29

laid down by the president in his re-
cent message to congress was embod-
led In the ADMINISTRATORS trust bills
presented to congress-.
The bills have received the approval
Of Mr. Wilson and the Democratic
Leaders of both houses Of congress.
With little modification they will be
enacted into law. Their purposes are:
l. Definition of unlawful monop-
oily OF restraints Of trade.
2. Prohibition of unfair trade
practice.
3. Creation Of an interstate
trade commission.
4. Regulation Of corporation d.
d~ectorates and prohibition of in
terlocking directorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined as
any combination or agreement be-
tween corporations. firms, or persons
designed for the following purposes:
1. To create or carry out re-
strictions in trade or to acquire a
monopoly in any interstate trade,
business, or commerce.
2. To limit or reduce the pro-
duction or increase the price Of
merchandise or OF any commodity.
3. To prevent competition in
manufacturing, making, transport
ing, selling, or purchasing Of mer-
chandise, produce, or any com
modify.
A. To make any agreement, en-
ten into any arrangement, or ar
rive at any understanding by
which they, directly or indirectly,
undertake to prevent a free and
unrestricted competition among
themselves or among any pur-
chasers or in the sale,
production. or transportation of
any product, article, or commod-
ity.
The penalty for violation of the law
is fixed at not more than s. 900 or i'm
prisonment for one year or both.
Guilt is made personal through a
section that whenever a corporation
shall be guilty of the violation of the
law the offense shall be deemed to
cover the individual directors, officers,
and agents OF such corporation. as
authorizing, ordering, or doing the
prohibited acts, and they shall be pun
ished as prescribed above.
A paragraph prohibiting holding
companies is to be added to this meas
ure.
Covers Unfair Trade Practices.
The bill ~forbidding unfair trade
practices declares that to discriminate
in price, between different purchasers
Of commodities, with the purpose or
intent to injure or destroy a competi-
tor. either of the purchaser or of the
seller. shah be deemed an attempt to
~monopolize interstate commerce.
1t is specifically declared that the
law is not intended to prevent dis
elimination in price between purchas-
ers of commodities ION account OF
difference in the grade, quality. OF
quantity Of the commodity sold. OF
that makes only due allowance for
difference In the cost of transporta
ton"
Further, IL is prescribed that moth
ing contained In the act shall prevent
persons from selecting their own Gus
toners, but this provision shall MOI
authorize the owner or operator o.
gny mine engaged in selling it's prod
uct in interstate or foreign commerce
to refuse arbitrarily to sell the same
to a responsible person, firm, or cor
poration. who applies to purchase"
An attempt at monopoly also is de
clared to exist for any person to make
a sale of goods, wares, or merchandise
or fix a price charged therefor, or dis
count from or rebate upon such price
on the condition or understanding
that the purchaser thereof shall no
deal In the goods. wares, or merchan
disc of a competitor or competitors o
the seller.
Deals With Damage Suits.
A judgment against any defendan
in a suit brought under the anti-trus
law the bill provides shall constitut
as against such defendant conclusiv
| evidence of the same facts and b
% conclusive as to the same issues O
law in favor OF any other party in an.
other proceeding brought under an
> involving the provisions of the law.
. For the benefit of parties injured i
their business or property. by any PEI
son or corporation found guilty of viz
=, lating the law the statute Of limit
! tons applicable to such cases shall b
suspended.
%Iniunctive relief is accorded again:
threatened loss or damage by a violi
q ton of the act under the same cond
T tons and principles that %injunctive r.
lief against threatened conduct whic
d will cause loss or damage is granite
by courts of equity.
/ 1t is required that a proper bon
e shall be executed against damages fC
an Injunction improvidently granite
a and 1t must be shown that the DANCE
u Oil the Umbrella.