The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-12-11
new ANTITRUST
BILL is AhALYzED'
Administration Blu Now Law May
Hit Hawaiian Companies,
Plantations Excepted

gives resume OF the playton AMI
Trust Bill, MS follows:
son October IS, 1914, the g!a}ion
Anti. Trust Bill was Signed Iy the pres
ieent aud became Inv OF the lard Or
dinarily, a measure Of such great i'm
poft woari nave been the occasion fol-
continuous debate and perhaps organ
lid opposition, bit IN this case con.
gress was too busy with emergency
..essur,s and apparently too willing 70
aIide by the mandates Of the President
TO dissect the original measure thor
oaghsyi Aside iron eliminating few
Of the unworkable features and the
modifying aud unifying OF certain 9th
sr pio,isiohs, the bin passed in its orig
inal form.
:. The Following synopsis is offered in
order that our readers may Keep Ia
touch with legislation that might have
application locallyi
4lsn monopoly. fS s
The bill makes Il unlawful for any
person TO discrnhhhte ia price between
different purchasers OF Commodities,
wnese the sntet OF such discrimination
may be to substantially lessen compe
tIll1n or tend TO create monopoly
',it is unlawful 70 lease or make q
CONTRACT Tor saie OF goods, machinery
or supplies, whether patented OF unpa.
tented, or III price charged therefor,
or condition that the lessee shall MOI
Sc o. ueal IN the goods, machinery OF
supplies of a competitor.
THAT the labor OF human being is
not a commodity OF article of commerce.
Farmers Excepted s3y
Nothing contained in the, anti.
trust laws shall be construed to forbid
the existence and operation of labor,
agricultural OF horticultural organixa-
tiohs, or restrain their members from
carrying out the legitimate objects Of
such associations, or construed to be
illegal combinations OF eonspiracies in
restraint OF trade.
q No corporation shall acquire direct.
", or indirectly the whole or any part
Of the stock of another corporation
where the effect of such acquisition
may be to substantially lessen eompes
tition or tend TO create a monopoly OF
any line Of commerce.
Interfering Directorates. 3
1.-TWO years after the passage Of the
bill no person shall at the same time be
a director or officer of more than one
bank or trust company, which had de-
posits, capital, surplus and undivided
profits aggregating more than - ,000,-
coo. This applies to banking institu-
lions located in cities having popula-
tion Of 100000 or more, but does not
take in mutual savings banks not hav-
ing capital stock.
That two years aftercthe passage Of
the act no person Mt the same time
shall be q director in any two or more
corporations, any one Of which has cap
.ital, surplus and undivided profits ag.
gregating more than 81 ,Q00,000 engaged
III whole or in part In commerce, II
such corporations are or shall have been
heretofore, by virtue of their business
and location, competitors so that the
elimination by agreement between them
would constitute a violation Of any an
THRUST laws. ,s Va ,t
Common Carriers Not Merchants a
ssNo common carrier shall have any
dealings In securities, supplies or other
articles, or shall make or have any
contracts for construction TO the amount
Of more than $4,000 in the aggregate
in any one year with another corpora
tion, when the said common carrier
shall have upon its board Of directors
or as its president or officer a person
who is at the same time-an officer Of
such corporation. Bids for supplies
must be made in aceordanee with regu'
lations prescribed by the Intefstate
Commerce Commission.
Penalties Severe
THAT whenever corporation shall
violate any Of the penal provisions Of
the antitrust laws such violation shall
be deemed 10 be also that OF the indi.
vidual directors, officers or agents who
shall have authorized or done any Of
the acts constituting in whole OF in part
such violation. Upon conviction there.
for such director shall be punished by
fine not exceeding $4,000 or by inn
Tprisonment, t, =: E,
ono preliminary injunction shall be
issied without notice to the opposite
party. No temporary restraining order
shall be granted without notice to the
opposite party unless II shall clearly ap.
pear from specific facts that Immediate
and irreparable injury win result to
the applicant before notice can be serv-
ed and a hearing had thereon, X