The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-07-30

the carrier taking part In any TRANSACT
ton i'm violation of this section made
personally liable.
1t forbids any person to be a director
in two or more corporations, any one
and undivided profits aggregating
more than sl,OOO,OOO. where such cor
porations are or have been competitors
in business.
May Hold Only One Directorate.
1t gives the person holding position
Of director in two or more corporations
one year within which to sever his
connection with all but one without
liability.
1t makes it felony on the part of
any director or officer of a common
carrier to embezzle, steal abstract, or
, misapply any of it's moneys, funds,
credits. securities. property, or assets.
Interstate commerce commission and
federal trade commission authorized to
enforce the law.
Provides Procedure of Commission.
1t provides the procedure of the COM
mission in enforcing the act, and for
the making of an order to cease such
violation.
1t may, through district attorney,
apply To district court to enforce the
order.
Disobedience punished by fines or
imprisonment, or both. Appeal from
the order allowed.
Suits under antitrust laws may be
brought either in the district in which
the corporation is an inhabitant or
where ii transacts business.
Subpoenaes for witness in either civ
il or criminal actions may run into
other districts.
Officers Personally Liable.
1t makes officers of corporation liable
personally for any violation of the an
ti-trust laws.
Suits in equity may he maintained
i'm district courts to prevent violations
of the law.
1t gives private individuals the right
to sue and have injunction relief in the
federal courts.
1t requires notice and bond before
issuing restraining order or Injunction.
and that such order, shall set forth the
reason for issuing it.
That no restraining order or injunc-
ton shall be granted in action between
employees unless necessary To prevent
irreparable injury To property or prop
erty rights.
Restraining Orders Forbidden.
No such restraining order or injunc-
ton shall issue either.
First--To prohibit any persons,
whether singly or in concert, from
quitting work. or peaceably recon-
mendng, advising. or persuading 9TH
ers by peaceful means to do so.
Second-Or from peacefully per-
suading any person to work or abstain
from work.
Thrd-From Withholding their pa
tronagc from any party to such dis
pute, or from recommending or advis-
ing or presuading others by peaceful
means so to do.
Fourth--Or from paying or giving. to
or withholding from any person en-
Gagged in such dispute any strike bene-
fits or other moneys or things of value.
Fifth-Or from peacefully assem-
bling in a lawful manner and for law
full purposes.
Sixth-Or from doing any act or
anything which might lawfully be done
i'm the absence of such dispute by any
party thereto.
Not Held Violation Of Law.
Nor shall any of the acts above men
toned be considered or held to be IN
violation of antitrust laws.
1t provides that proceedings for con-
tempt not committed in the presence
OF the court coming within the purview
of the act may, upon demand OF the
accused, be tried by jury.
1t provides for appeal in contempt
proceedings.
Proceedings for contempt shall not
be commenced after one year
No Bar to Prosecution.
Proceedings in contempt shall not
be a bar to criminal prosecution.
Railways Securities Measure.
The bill to prevent overissues OF
railway securities authorizes the inter-
state commerce commission to compel
annual reports, under oath, by common
carriers showing all the facts about It's
stock and securities, cost and value OF
Tits properties, franchises, and equip
ments. number of employees, their sal
aries, amounts expended for improve
ments each year. and how earnings ana
receipts, operating and other expenses
balance of profit and loss. and COM
plete exhibit of the carriers ilnancial
operations each year. including an an
nual balance sheet, information in re-
lation To the rates or regulations con-
corning fares or freight. or agreement
terms or contracts affecting the same
and the keeping of uniform system Oh
accounts and making of monthly ana
special reports on any subject the com
mission may require, including n bal
lance statement of its receipts on capi-
tai account and of n surplus OF the IN
come account accruing during the per-
iod covered. and all other hnaneial
transactions that may be called ior'
Given Power to Investigate.
The commission is given the power
In investigate all financial transactions