davidaulloa/AmericanStories huggingface dataset:
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
NEWLANDS PRAISES BILL.
Say. II L. Improved and should suit
All Parties.

WASHINGTON. Jan. 22.-Senator New
lands. chairman of the Senate Commit
tee on Interstate Commerce, said to-
day:
The trade commission bill and several
other bills limiting the debatable ground
Of the Sherman act have been the sub
ject OF laborious consideration by n sub
committee OF the Judiciary Committee
Of the House, consisting OF Mr.. Clayton.
chairman. and Messrs. Carlin and Floyd,
during the holidays and before The ma
joriSy members Of the Interstate Com
merce Committee Of the Senate have been
brought into consultation with them Of
late.
THE trade commission bill preserves
the essential features of the bill which
] have been urging for some time. but
contains amendments and additions OF
tinct Improvement upon the bill AZ IL was
considered and perfected by the Inter-
state Commerce Committee of the Sena,e
during the last Congress.
"As a whole. ] should say that the
trade commission bill ought to be salts
factory to members of all parties. for 1t
Is distinctvely progressive. and we have
endeavored to frame II In harmony with
the Presidents views, presented In All
admirable message which received the APP
proval OF the entire country regardless Of
party.
While these bills represent at present
the best thought of the participants In
the shaping of this legislation. they are
presented simply as tentative measures,
upon which the judgment Of the proper
committees OF the House and Senate and
Of the country is invoked"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23

section ll.-That the said commission
shall on or before the first day OF Jan
uaiy of each year. make a report which
snail BE- transmitted to Congress. This
report shall contain such Information and
data collected by the commission as 1t
may deem of value in the determination of
questions connected with the regulation OF
commerce, together with such recommen-
datlons with reference to additional rec
concentration relating thereto az the com
mission may deem necessary.
Section l2.-That with the exception OF
the secretary and assistant secretary and
one clerk TO each of the commits sioners
and such special agents NJ may be en-
ployed from time to time all employees of
the commission shall be u part Of the
classified civil service and shall enter the
service under such rules and regulations
AS may be prescribed by the Commi ssion
hereby created and by the civil Service
Commission. The commission shall also
have the power to rent suitable rooms for
the conduct of Its work, paying therefor
such rent AZ may he provided for by ap-
preparation.
section 13.-That nothing contained in
this act shall be construed To prevent or
interfere with the Attorney General IN en-
forcing, according 10 the provisions
thereof, the said act or July ., 1880. and
the amendments thereof as aforesaid. nor
to amend or modify otherwis. the pro-
visions Of said act and the amendments
thereof
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23

pubic service commissions clothed with
power TO regulate the issue of stocks and
bonds of railroad companies II with
out displacing them there IL superadded
Federal regulation ii may be readily
imagined that the railroads can hardly
regard the suggested legislation as adj
ditlonal articles of our constitution of
peace
"Rut the most unfortunate suggestion
is that the results of twenty-five years
construction of the ANTITRUST law by
the courts should lie thrown away and
that statute shall undertake to define
and specify the various acts whereby
interstate commerce may be restrained
or an attempt made to monopOlize it,
The suggestion is based upon "a miscon-
ception of the law. The thing pro-
hibited Is the restraint of interstate
commerce and the effort to monopoliSe.
The attempt to enumerate the methods
by which trade may be unlawfully re-
strained or monopoly attempted would
be like an attempt to define fraud
Fraud Held Undesirable.
"Ono Of the greatest American Judges
is authority for the statement that sit
would be difficult, IL not impossible. to
lay down any general rule or definition
which would comprehend all cases COM
ing within the range Of the legal i'm
port of the word fraud" An
inquiry into the fraudulent intent and
conduct Of parties necessarily involves
an investigation of facts; and as no two
cases are precisely alike in their cir
cumstances 1t follows that the question
whether fraud exists sufficient TO vitiate
a oil
on the nature of the transaction, the
means Of information possessed by the
parties and their relative situation and
conduct toward each other (Bigelow,
c. j.. in Reynolds v. Reynolds, 3 Allen
(Mass.) 606).
And in a New Jersey case wise v.
Fuller, 20 N. J. E;q. $50 the court said |:
mo definition OF fraud can be framed
which will serve as a safe test In every
case. The best effort in that direction
must prove abortive. Each case must
be determined on its own peculiar facts.
The same reason applies with equal
force to restraint of trade and attempt
at monopoly. The acts by which these
prohibited results are reached are in
finite in variety-sometimes in them
selves innocent. sometimes malignant
and any attempt at exact definition
must fail from the nature Of the case.
THE suggestion that the vasious
practices by which hurtful restraints Of
trade and monopoly Of commerce are
sought to be accomplished can be 'ex-
plcitly and item by item forbidden by
statute in such terms as will practically
eliminate uncertainty IL but a delusion
and can only lead to introducing into
the law, now reasonably clear and GER
tain. elements Of uncertainty which will
compel a new process Of judicial in
depreciation and lead to a new era Of
worse uncertainty than anything which
went before it
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
GRATING PRESIDENTS TRUST PROC

person. issue an order requiring such cor
poration or other person to appear before
said commission tand produce books.
documents and papers as so ordered) ana
give evidence touching the matter in ques-
tion; and any failure to obey such order
Of this court may he punished by such
court as Il contempt thereof. The claim
that any such testimony or evidence may
tend to incrlminate the person giving such
evidence shall not excuse such witness
from tcstifying.
Witnesses whose testimony Is taken
under the provisions of this act shall
sevpfally be entitled to the same fees as
are paid for like service in the courts
of the United States.
No person shall be excused from at
tending and testifying or from producing
books papers, documents or other things
before the commission or in obedience to
the subpoena of the commission, whethe,
such subpoena he signed or issued by one
or more Of the commissioners, on the
ground or for the reason that the test
mony or evidence. documentary or other
wise. required of him may tend TO in
eliminate him or subject him to penalty
or forfeiture,
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23

In all cases where any person who shall
have been injured In his business or prop
erty by any person or corporation by
reason OF anything forbidden or declared
TO be unlawful under the provisions OF
the act entitled AN act 10 protect trade
and commerce against unlawful restraints
and monOpoles." approved July 2. 1890,
and who. at the time or previous to the
institution OF any such suit by the United
States as aforesaid has a cause OF action
under Section OF said act or under Sec
ton 10 of this act against any defendant
in a suit wherein a decree or judgment
has been obtained as aforesaid. the stat
utes of limitation applicable to such cases
shall be suspended during the tendency OF
such suit and shall no, again become oper-
alive until after the date OF the final
decree or Judgment in such case.
section IL, That any person, firm, cor
poration, or association shall be entitled
to sue Tor and have intunctive relief, in
any court OF the United States having
Jurisdiction over the parties, against
threatened loss or damage by u violation
Of this act when and under the same
conditions and principles as injunctive
relief against threatened conduct that will
cause loss or damage Ia granted by courts
of equity, under the rules governing such
proper bond against damages for an in
junction improvidently granted and n
showing that the danger OF irrepa ra bl e
loss or damage In immediate a preliminary
injunction may issue"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
FINE is $500 A DAY IN
INTERLOCKINC BILL
Two Years Allowed 10 Directors
to Retire il On Two ni
More Boards.
lMPRISON MENT or \ lLAP
Elimination Of Competition Is
Construed aS Rr>trHi"t
Of Trade.

WAsHINGT9N, Jan % Anon, ihs
bills introduced was one prohibiting pa.
terlocking dircctorships. which roads az
follows:
Section I. That from aud a'tcI 'wo
years from the date of approval Of tie
act no person who IL engaged rs ar IN.
dividual or as n member of a PARTNERSHIP
or as a director or other officer of 20 cor.
poration IN the business. IN whol. o. m
part. OF manufacturing or selling railroad
cars or locomotives. or railroad rails. u,
structural steel, OF mining or selling coal
or the conduct OF a bank or trust com
pany shall act as n director OF other
officer or employee of any railroad o.
other public service corporation which
conducts an interstate business.
Section >. That from and aft'r two
years from the date of approval of this
act no person shall at the same time I've
director or other officer or cmpluyc, IA
two or more Federal reserve hanks. Ma
tonal banks OF banking associations o.
other banks or trust companies which
are members of any reserve bank. and
are operating under the provisions OF thu
act approved December 20, 1913. entitled
IAN act providing for the establishment
a Federal reserve banks TO furnish al
elastic currency. to afford means Of re-
discounting commercial paper. to estab
lish "A more effective supervision of bank
Ing in the United states. and for othe
purposes and a private banker, and a
person who is "A director in any state
bank or trust company not operating IN
der the provisions Of the said act shall
not be eligible to be "a director in any
bank or banking association OF trust com
pany operating under the provisions ~
the aforesaid act.
Section 3. That any person who shall
violate section one ar section two hereof
shall be guilty of Il misdcmrauor anil
shall bc punished by finc Of 500
day for each day of the continuance OF
such violation or by Imprisonment fo'
such period az the court may deSI e. ate
not exceeding one year or by both ~ the
discretion Of the court.
Section 4. That If. after two year. from
the date of the approval of TING set, am
two or more corporations engaged u.
whole or In part in Interstate or foreign
commerce have a common director ut ID.
rectors. the fact Of such common di ,.tor
or directors shall be- conclusive oFidrur,
that there exists no real competition h'
tween such corporations: and II >ur.
corporations shall have been t,terotofor,
or are, or shall have l,pu, by virtu" ~
their business ana location of or'ratio.
natural competitors. such elimination o.
competition thus ',nclusiNclN presume
shall constitute "A combination b't.,t.
the said corporations In =. straint Of ''
terstatc or foreign commerce uuu'. tI.
provisions of and subject {" all ~" ROW -
dies and penalties PROV id'o 900 JI ari OIL.
proved July =, 1890. entitled IA u,' 20
protect trade ana commerce agaiusl Nr-
lawful restraints and monopolos'
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
MONOPOLY MEASURE
Is FAR REACHING
1t Affects Combinations Trad
ing With Foreign Countries
and L. $. Dependencies.
1 DEFINITIvE FEATURES
One Year imprisonment or
$1,000 Fine or Both Fixed
for Conviction.

WASHINGTON. Jan. 22.--The bill which
defines unlawful monopoly or restraints
Of trade follows:
That the words every contract" COM
bination in the form OF trust or other
wise and conspiracy In restraint of
trade or commerce and the word mo
nopolize' as used In the act entitled AN
act to protect trade and commerce against
unlawful restraints and monopolies,' APP
proved July 2. 1890, and In any acts sup
Elementary thereto or amendatory thereof,
shall be deemed to include any combina-
ton or agreement between corporations.
Arms or persons. or any two or more or
them, engaged In trade or business car
ried on in the United States between the
States, or between any State or Territory
and the District of Columbia, or between
the District OF Columbia and any Terri
tory, or between any State. Territory or
the District OF Columbia and our insular
possessions or with foreign countries for
the following purposes:
First-To create or carry out restric-
tions In trade or to acquire monopoly in
any interstate trade, business or COM
merce.
Second--To limit or reduce the produc-
ton or increase the price Of merchandise
or of any commodity.
Third--To prevent competition In
manufacturing. making. transporting,
selling or purchasing OF merchandise,
produce or any commodity.
Fourth-To make any agreement. enter
into any arrangement or arrive at any
understanding by which they directly or
indirectly undertake to prevent free and
unrestricted competition among them
selves or among any purchasers or con-
sumers In the sale. production or trans
portation Of any product, article or COM
modify.
Sec 2. That any such contract. COM
bination in the form Of trust or otherwise.
conspiracy In restraint Of trade or COM
merce. or monopoly, IL hereby declared TO
be unlawful.
Sec. 3. That any person. Arm or cor
poration violating any OF the provisions OF
this act shall, upon conviction. be adjudged
guilty OF a misiemeanor and be punished
by fine not exceeding $1,000 or imprts-
onment not exceeding one year. or BY
both. said punishment In the discretion OF
the court.
Sec. 4. That whenever corporation
shall be guilty of the violation or any or
the provisions OF this act the offence shall
be deemed to be also that of the individual
directors. officers and agents of such cor
poration authorizing. ordering or doing
viction thereof they shall be deemed guilty
Of a misdemeanor and punished AS pro-
vfded In the preceding section.
Sec s. That nothing contained in this
act shall be taken or held 20 limit or in
any way curtail the meaning and effect of
the provisions OF the act approved July :.
1890, entitled IAN act to protect trade
and commerce against unlawful restraint
and monopolies."
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
MUST KEEP FORD MONEY HERE
Forsign worknsen, who Send Sala
ries Away, 10 be DiscouraGed.

DETROIT. Mich. Jan. 22.-The Ford
Motor Company does not look favorably
upon the foreigner who hands all his saw
ings back TO the old country. Among the
many questions asked the employees be-
fore they are permitted TO share in the
81 a day plan IL: What do you do with
your money!
Ford officials state that they are sur
prised at the number who have answered ::
81 send II back to the old country"
I'VE intend to discourage as soon a.
possible this plan OF sending money out
Of the United States" said Secretary
KleinRensmith to-day. We will not dis
criminate between the foreigner and the
American, hut we will discriminate be-
tween the foreigner who keeps his money
in this country and the one who does not"
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
CITY BANK STANDS ALONE,
All Other Local Institutions Tak,nr
steps to Enter Reserve.

1t WAS announced yesterday that a
special meeting OF the stockholders Of
the First National Bank had been called
for February 20 at noon to take stems
toward entering the Federal reserve sys-
tenn II has been known for some time
that the institution contemplated entering
the system. but this IL the first FORMAL
step that has been taken.
The action of the First National Bank
leaves the National City Bank as the only
big national bank In the city which has
not signihed It's intention TO enter the
system.
John SHELTON Williams. acting as As
sstant Secretary of the Treasury. was at
the Treasury Building all day YESTERDAY
on Government matters Bankers felt
that Mr.. Williams was making arrange
mcnts regarding the new Federal reserve
system.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
Powers of lnvestiga ton.

Section 9. That the commission shall at
any time, upon the request Of the Attor-
ney-General or any corporation affected.
investigate any corporation subject To the
provisions OF this act. with all the powers
of investigation heretofore bestowed on
the commission. for the purpose OF ascer-
tanning whether there has been In the
conduct of said corporation or Is in the
organization of such corporation or its
relations to other corporations or indi-
viduals "A violation OF said act OF July ..
1890. and the amendments thereof az
aforesaid. and in case the commission
shall and ouch violation II shall make 4
finding fully stating the same and pre-
scribing the acts, transactions and re-
adjustments necessary in order that said
corporation may thereafter comply with
the terms OF said act and the amend
ments thereof as aforesaid, and shall
transmit a copy Of the said finding as
aforesaid. TO the Attorney-General as ad-
visory TO the Acknowledgement IN ter
minatins, by agreement with the corpora
ton affected or by suit. as provided In
said act aforesaid. the said unlawful con-
duct or condition. Said finding shall be-
come a public record OF the commission.
as provided In Section 4. only upon the
direction OF the Attorney General or the
President.
Section l0,--That in suits of equity
brought by or under the direction OF the
Attorney-General, as provided in the act
Of July >. 1890. as aforesaid. the court in
which said suit is pending may nj any
stage in the litigation, at its discreet on.
refer to the commission any aspect OF the
litigation or any proposed decree, where
upon IN. commission shall investigate the
question or questions referred To II with
all the powers OF investigation here'nbe-
fore bestowed on the commission and
shall report its findings TO the court with
a copy OF the evidence upon which said
findings or recommendations are based
Said evidence. findings and recommended
lions shall be public records as provided
IN section 4 hereof
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23

put nm r,,,,r,i person shall he prose-
cutcd ar subjected 10 any nenalty or for
feiture for or on account of any transac-
ton, matter or thing concerning which
he may testify under oath or produce evil
dence documentary or otherwise, before
said commission In obedience to a sub
poena issued by it in proceeding insti-
tuted other than upon his own initiative
provided that no person go tesufying
shall be exempt from prosecution ana
punishment Tor perjury committeo IN 50
testiiyins' Inc purpose vi this pIo'ie,o''
rs " give immunity o'is W ""'u.a y. -
suns Mno uIiue, Jan us.y T., as,
49,. ,..,,',,l, ', ,pa onr,,ui..ior
Ss.,,o IT,, n.rson wI,f,,Iv
,ar,ng ~. ,,rrisht,e :, .a,a cnmmission
., -, ,,,n,, . raoord reouir.d
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
COPY READER WANTED

A publishing house requires tn.
services of an experienced COPS
reader. One capable OF quickN
handling large quantities of manu-
script and revising for style anG
English may obtain Il permanent
position. Out of town. Stat.
salary expected. Address \,
box l54 Sun office.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-01-23
Power ~ Enforcement.

Section s. That the district courts OF
the United States upon the application OF
the commission alleging y failure to COM
the furnishing OF information shall have
jurisdiction to issue a writ or writs OF
mandamus or other order enforcing such
order Of the commission and to punish the
disobedience thereof as In other cases OF
contempt OF court.
Section 8. That for the purposes OF this
act the commission shall have the power
to require by subpoena the attendance and
testimony OF witnesses and the production
or all books papers, contracts, agree
ments, documents or other things Of every
kind and nature whatsoever relating to
any matter under investigation by the
commission. Such attendance of witnesses
and the production OF such document
tary evidence may be- required from any
place in the United States at any desig-
mated place Of hearing, and I'm case of
disObedience to subpoena the commits
sion or any party to proceeding before
the commission may invoke the aid OF
any court Of the United States In re-
curing the attendance and testimony of
witnesses and the production of books,
papers and documents under the provi-
sions of this section.
And any OF the district courts of the
United States within tho Jurisdiction Of
which such inquiry is carried on may in
care Of contunacy or refusal to obey {,
subpoena issued to any corporation sub
jses - the provisions Of this oct. or other
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
PIANO BARGAINS.


WEDNESDAY, is bargain day
at Kimball s Branch Store, and
in order to make this fact as far
reaching as possible we are Of
fering outside makes of pianos,
taken in as part payment on new
kimball instruments, at prices
that challenge competition,
Special mention should be
made of three players, which
have been used short time in
our demonstrating room. While
these instruments are new in
every sense of the word, yet on
account of slightly marred cases,
will be offered at the price of
used players. This means
marked reduction from the regu-
lar price, and should interest
any one desiring home amuse-
ment for every member of the
family.
The appended list covering
upright pianos offers, in our
judgment, the strongest array of
values we have ever placed on
sale:
Starr, mahogany $135
New England, ebony. IT'S
Juelg Player, mahogany. 200
Cornish, mahogany ....... $50
Ivers & Pond, mahogany, 225
And many others.
Special attention given to
tuning and repair work. New
pianos for rent on nominal
terms.
w. w. KIMBALL CO.,
81 North Pryor Street,
Atlanta, Ga.
Phone Ivy 1888.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
STORES FOR RENT.

FOR RENT-In the heart Of the
retail district, on Peachtree
street, a desirable lease on one of
the best stores in Atlanta, suit
able for any good retail, real es-
tate or railroad business. Apply
119 Peachtree street.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
FOR SALE OR ExcHANoE-MIs.
CEIIANEOlJS

FOR SALE OR EXCHANGE,
ONE Twentieth Century soda fountain;
comparatively new: first-class condi-
ton. Wanted: One Waymoth skewer
lathe. ]. q J. s. Carter. Westminster.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
OFFICES FOR RENT.

FOR RENTCOffices in the Moore BuIid-
ing at No. 10 Auburn avenue: steam
heat; passenger elevators lights and
tanitor service; $3.50 to sis. George p.
Moore. Real Estate and Renting, 10 Au-
burn avenue.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
MONEY TO LOAN.

MONEY TO LOAN.
MONEY on improved real estate, city
or farms, three to five years, per
cent. Lindsey Hopkins, Investment
Banker, Gambler Building, Atlanta, Ca
MONEY FOR SALARIED PEOPLE
AND OTHERS, upon their own names;
cheap rates. easy payments. Conf
Genital. Scott &, Co. $50 Austel Bldg
SPECIAL HOME FUNDS TO LEND,
any amount: 6 FER cent Write or
call. S. W. Carson. "a South Broad
street.
LOANS on real estate: we buy pur-
chase money notes; short time loans
for building houses. The Merchants and
Mechanics Banking and Loan Co. 209
Grant Bldg. Telephone Ivy 5341
FARM LOANS placed IN any amount
on improved farm lands in Georgia.
The Southern Mortgage Company. Gould
PuIldinR
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
FOR LEASE.

CIGAR AND NEWS STAND.
Privileges Georgian Terrace Hotel.
Small stock at inventory prices to be
paid for cash Good opportunity for in
dustrious party Best time of year to
lease GRAND OPERA and SHRINERS
CONVENTION ahead and excellent
tourist business just commencing For
terms apply to Manager GEORGIAN
TERRACE HOTEL. Peachtree street
and Ponce DeLeon avenue
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1914-01-28
misunderstood.

WANTED week. $50. 900; will give
as security $50, 900 in unincumbered
property and first mortgage notes. This
loan is for one year; will pay this back
monthly II preferred. VIII not pay over
10 per cent. Address r .. Box SO.