Evening star., 1914-07-21
ANTITRUST BILLS
READyFOR SENATE.
Committees Put the Finishing
Touches on Three Big Ad-
ministration Measures.
RAYBURN BILL TO BE
REPORTED TOMORROW
Clayton and Newlands Measures Also
Ready for Action-Scope
of the Bills.

The interstate commerce committee OF
the Senate today completed the Rayburn
stock and bond issue bill. A final meet
ing is to be held tomorrow morning.
when the bill as amended will be in
printed form. and Senator Newlands.
chairman of the committee. will report
the bill to the Senate upon its conven-
ing.
The DILL as it will be reported autho-
rizes and directs the interstate commerce
commission to investigate and pass upon
the issue Of all securities by steam rail-
roads and such electric roads as are
parts of steam railway systems" said
Senator NewlandS. He made it clear that
all other common carriers are excluded
from the operations OF the bill.
THE commission will have the power"
he continued. Ito investigate into the pur-
poses for which the roads desire to raise
money through the issue of securities.
not impair the roads or interfere with
their carrying out their functions as COM
mon carriers the commission will ap-
prove the issues Of securities
Clayton Bill Completed
The judiciary committee has completed
the Clayton antitrust bill and Senator
Culberson, chairman, will report that
measure to the Senate tomorrow. When
these two measures, together with the
Newlands trade commission bill, are be-
fore the Senate. the administration en-
tire trust program will be ready for ac-
ton by the upper house. So far the de-
bate on the trade commission bill in the
Senate has Jagged. but it Is expected that
with the entire program before them the
senators will begin to press the consid-
Grafton of these measures more rapidly.
Scope of Measure.
The Clayton antitrust bill. as agreed
to by the judiciary committee, was
made public last night.
Most important of the amendments
recommended by the committee is one
to provide for a court review of orders
issued by the interstate commerce COM
mission or the proposed interstate trade
commission against corporations found
to have violated the trust statutes.
The amendment would provide that in
case corporations or individuals neglect
OF fail to obey orders of either commits
sion. the commission, through its attor-
ney or district attorneys may apply for
enforcement of the order to the United
States district court. transmit the origi-
nal record of the proceeding, including all
testimony taken. and the ruling of the
commission shall be taken as prima facie
evidence Either party, however, would
be permitted to adduce additional mater
ial evidence.
Right of Appeal.
Either party to any proceeding
brought before the commerce or trade
commission under the amendment
would have the right to appeal from
any final order by either commission \
within ninety days by service notice
on the adverse party and filing it with
the commission. The final orde- of any
district court the amendment would
provide. might be reviewed by the Su-
preme Court upon appeal
Discrimination Permitted.
The section of the original bill relat-
Ing to price discrimination is amended SC
that determinations in price made in
good faith to meet competition and not
intended to create monopoly could not
bill which would make 1t unlawful to
refuse to sell products of mines, oil or
gas wells or hydroelectric plants to bona
fide applicants is stricken from the bill.
The provision making it unlawful to
lease or make contracts for sale OF
goods on condition that purchasers
shall not use or deal in the products
of competitor is retained with an
shall apply to all products. whether
patented or unpatenred."
The exemption section. which in the
House bill included fraternal, labor
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 sligh,
amendments in phraseology.
New Provisions of Bill.
The section of the House bill relaun,
to interlocking directorates has been al
most entirely rewritten by the commit
tee 1t would provide that after two
years from the approval of the act n,
common carrier engaged in interstat.
commerce having ON its board any office
who Is an officer or has any direct in
terest in another corporation dealing in
supplies or securities, shall make "pur
chases OF supplies or have any dealing
In securities with such corporation I,
one year. except by competitive biddinj
under regulations to be prescribed b,
the interstate commerce commission
Violation of this provision would b.
punishable by fine not to exceed $25.O
and Imprisonment not exceeding tw'
years. The committee retains the section
Of the House bill providing that no per
son shall at the same time be a directo
In any two or more corporations. an.
one of which has capital and surplus AM
undivided profits aggregaung more thai
100000, if elimination of competition
between such corporations by agreemen
would constitute a violation of the anti
trust laws.
The sections of the original bill per
tanning to injunctions and punishment TO
contempt are left intact in principle ex
cept that the clause which would hav
leSalized picketing the premises of in
dividuals or corporations in case o
strike or lockouts, is eliminated.