Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-06-17
HAWAII and THE ANTITRUST BILLS

go when the series NJ ::"e bills WIS introduced
Is answered by th, export Of a recent deLat" in
che House of Representatives.
On May % lively debate took place in the
house, during which the Democrats stanchly
defended the antitrust bills and made several
Explanations of doubtful points. The debate
shows that the principal antitrust measure has
been changed since the legislation was first ia
Produced The amendment now before the house
begins in this way: -.....s. .
Be It enacted. etc, That antitrust laws" as
used herein. includes the act entitled An act to
protect trade and commerce against unlawful
straints and monopolies," approved; July 2, 1890;
sections to ", inclusive of act entitled An
act 70 reduce taxation to provide revenue for the
Government and for other purposes" Of August 81.
1894; an act entitled AN act to amend sections 70
and rs OF the act of August 81 1884, entitled An
act to reduce taxattcn TO provide revenue for the
government and for other purposes approved
February IL 1913; and also this act
Commerce used herein, means trade orr
commerce among the several States and with for
eign nations between the District Of Columbia
OF any Territory OF the United States and any
State, Territory, or foreign nation or between any
bnsular possessions ether places under the jurs
diction OF the United States, or between any such
possession Tor place and any State or Territory OF
the United States or the District OF Columbia or
any foreign ration, within the District Of CO.
lurnbia ary Territory or any insular possession
other paes under the jurisdiction Of the United
states.
The word person or persons" wherever used
and associations existing under or authorized by
the laws OF either the United States the laws OF
Of the Territories The laws Of any State or the
laws OF any foreign country
The words printed above in black type shows
HAT under the amended bill Hawaii as ter
rifory is distinctly included in the scope of the
measure and that business within the territory
will be subjected to the scrutiny of the federal
officials to determine whether or not trusts are
existent here.
The discussion Of the interlocking directorate
bill brought out some points of direct import
1nce to large businesses in Hawaii For one
hing the mere fact that a man is director in
many large corporations simultaneously will
he 10 proof of law violation Interloeking di-
feetorates are only illegal when the affected
Preparations BY combination violate the law.
Representative Charles G. Carlin of Virginia,
the Of the leaders of the judiciary committee,
ave the following explanation of this point:
ssAs ta interlodlging directories ! have
Dointed out one evil that comes from them
That is not all The director sits on the great
railroad corporation directorate and buys sup
plies from himself. He is fidueiary, for that
Is all director is. He sits on the one board
and buys supplies for himself from the other
Evaporation upon whose board he sits, until we
find him buying and selling to himself and we
are big enough not to object TO that if it were
rot for the fact that he is doing it with other
people's money, and sowe put a provision cover
Inc that into the bill We divided this inter
locking directorate bill into three subdivisions,
first the railroads and the common carriers,
over which Congress has undisputed jurisdic-
ton second, national banks, over which We
have undisputed jurisdiction; and, third, indus
trial corporations and combinations. We have
exempted the little fellow, the mutual savings
hank and we have gene to the limit of two and
d half million. dollars in other banks. When
bank gets to be the size of two and half million
dollars it is pretty well grown, and when you
ret them into a combination the opportunity
FOR evil is very great
Mr. GRAHAM of Pennsylvania. 1.-THE gentle
man does not mean that the two million and
bali exemption has any application to the indus
trial corporations?'
Mr. CARLIN. '0h, no we apply an entirely
different rule to the industrial corporations. A
man can be a director in as many, industrial cor
porations as he pleases under our BILL unless
those corporations would of themselves consti-
ffte by combination violation Of the Sherman
law
The general purpose of the legislation is thus
stated: .t'-.-
eve have supplemented the language of the
fisherman law statute and taken a forward
stem We have gone forward not backward.
The Sherman law in it's operation is limited to
41,oas things. First a contract or combination