New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-07-14
Newlands May Block Plan
for thrust Con-
sOlidatiOn.
UNION LABOR LOSES
NOTHING IN AMENDING
Interlocking Directors Forbid
den Only in Case of $1,000
900 Corporations.
Ion ~ rrIh.no Bureau

Washington. July IS. TIE plan OF
the Democratic leaders of the Senate
to consolidate the antitrust bills
seems likely TO be blocked by Senator
Newlands. who strenuously objects to
the merging Of the bill for which ne
is responsible with those emanatlng
from the House. The following. how
ever. are the salient points Of the
CLAYTON bill as agreed to and which
The Tribune correspondent is per
mitted TO make known for the first
time:
Extends the terms Of the statute Of
limitations from three 20 sIN years IN
antitrust cases and provides abundant
exemption for labor organizations
when conducting operations otherwise
prohibited by Law.
Provides that no provision OF the
bill shall apply TO the Philippine ISL
ands. and in the second section the
provisions that nothing in the bill shall
nrevent determinations based on varia-
,ion Of grades Of commodities or the
cost Of transportation thereof. and that
nothing shall prevent persons engaged
in commerce from selection OF their
own customers are stricken out.
The provision making il unlawful for
an person operating mine, oil we'll
hydro-clcctric plant. etc, from selling
the product thereof to any responsible
person is stricken out.
The provision forbiddinc price ny
ing is amended TO apply to patented
as we'll as to unpatented commodities.
The provision that the final JudG-
mcnt in favor OF the United states
under the antitrust law snail consti-
tutr conclusive evidence ln "A suit
brought against the defendant Dy a
private individual has been 80 cnangcd
as to make ]; merely prima iaclc
evidence. II is in this connection that
the period OF the statute OF llmita-
ton is extended from three TO SIX
Years. It is further provided that,
,ncc a suit under the antitrust Jaw
has been instituted by he United
states. the statute of limitations
shall not be held to run during the
pendency Of such suit.
Labor Provision Amended
That provision designed to save
labor. fraternal and other organlza-
tions OF a like character from prose
cution under the act IS so amended
rs 70 make ii apply only to labor,
agricultural and Horticultural organi-
za,ions. the references TO fratcrnal,
consumers and similar organizations
bcinc stricken out. There - inserted
81 niovision. moreover. that nothing
contained in the antitrust law shall
he construed 20 forbid the existence
and operation Of labor. agricultural
and horticultural organizations lnst-
tuted for the purpose OF mutual help
and having no capital stock. nor 10
forbid individual members of such or
ronizations from lawfully carrying
out the legitimate objects thereof.
end that no such organizations so op-
Grating shall be construed 10 be a
conspiracy In restraint Of trad" under
the antitrust laws.
The pro, isiou that nc corporation
ENGAGED in interstate commerce shall
acGuire STOCK in any other cosporatio"
wher, the ,fcci Of such acQulrCm MT is
to lessen competition Is agreed TO wi;h
out change. II. this connection. the
provision that nothing contained thcr,-
in shall operate 80 make stockholulny
(ontiuusd On mare I rolun,u