Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-07-21
Revision of Clayton Bill Is
Completed and Measure
viii Be Reported 10 Senate
Without Further Delay.
IMPORTANT AMENDMENTS
CONTAINED IN REPORT
Provision Is Made for Court
Review of Orders by Inter
state Commerce Commits
sion or Trade Commission,

Washington. July 20.---After months
iof deliberation the senate judiciary
committee tonight agreed upon the
final revision of the Clayton anti
trust bill TO supplement the sherman
law. which passed the house last
spring. The committee will report
the measure to the senate Wednes-
day.
Most important Of the amendments
recommended by the committee Is
one To provide for a court review of
orders issued by athe Interstate Com
merce commission or the proposed in
terstate trade commission against
corporations found to have violated
the trust statutes.
The amendment would provide that
In case corporations or individual
neglect or fail to obey orders of
either commission, the commission
through its attorney or district at
torneys may apply for enforcement of
the order to the United States dis
trict court, transmit the original rec
ord of the proceeding. including all
testimony taken, and the ruling of
the commission shall be taken as pri-
ma facie evidence
Either party TO any proceeding
brought before the commerce or
trade commissions under the amend
ment, would have the right to appeal
from the final order before either
commission within ninety days by
serving notice on the adverse party
and filing it with the commission
Either party, however. would be
permitted to adduce additional mate
rial evidence.
ttta Of ri at ri
the amendment would provide might
be reviewed by the supreme court
upon appeal.
Discrimination in Prices
The section of the original bill re-
lating to price discrimination IS
amended so that determinations in
price made in good faith to meet COM
petition and not intended to create
monopoly could not be penaized. The
section of the house bill which would
make 1t unlawful to refuse to sell
products of mines, oil or gas wells, or
hydro electric plants to bonafide APP
picants Is stricken from the bill. The
provision making ii unlawful to lease
or make contracts for sale OF goods
on condition that purchasers shall not
use or deal in the products of a com
providing that the section shall apply
to all products whether patented or
unpatented."
The exemption section, which in the
house bill included fraternal labor,
consumers. agricultural and horticul-
tural organizations instituted for mu-
tual help and having no capital stock
and not conducted for profit, is
amended to eliminate fraternal and
consumers organizations from the
list. The provision prohibiting hold
ing companies is retained with slight
amendments in phraseology.
The section of the house bill relat-
ing to interlocking directorates has
been almost entirely rewritten by the
committee. 1t would provide that after
two years from the approval of the
act no common carrier engaged in
interstate commerce having on its
board any officer who is an officer
or had any direct interest in another
corporation dealing in supplies or Sc
curites shall make purchase OF sup
plies or have any dealings in securl-
ties with such corporation to the
amount of more than $4,000 In any
one year, except by competitive bid
ding under regulations to be prescrib-
ed by the Interstate Commerce com
mission.
Heavy Penalties Provided.
Violation of this provision would be
punishable by fine not to exceed $2b,-
600 ami Imprisonment not exceeding
two wears. The committee retains the
section of the house bill providing
that no person shall at the same time
he q director in any two or more
corporations, any one of which has
capital and surplus and undivided
profits aggregating more than $1,000.
600 if elimination of competition be-
tween such corporations by agree
ment would constitute a violation of
the antitrust laws.
The sections of the original bill per-
tanning to injunctions and punishment
for contempt are left intact IN prin-
ciple except that the clause which
would legalze pcketing on the prem
ises of individuals or corporations in
cases of strikes or lockouts is elimi-
mated.
The trust program still Is incom- :
plete as the interstate commerce com
mttee failed today to complete It's re-
vision of Rayburn currency security
bill. 1t will endeavor to complete IL
tomorrow, however. Pending compile
tion of the trust program, repuDilcahs
in the senate conducted filibuster
on the river and harbor bill TO-DAY, re-
placing the interstate trade commis-
sion bill on the calendar and finaiiS
forcing an adjournment after repeat
ed attempts of administration iead-
ers to muster quorum.