The Birmingham age-herald., 1914-09-03
AMENDED IN MANY
 PARTICULARS TRUST MEASURE IS PASSED
Bill Will Be Sent to Confer ence With Trades Commits sion Measure-Reports
 Are Expected Soon

Nnsbtngton, September 2.--Amended
 in many particulars, the Clayton apti- trust bill. which supplements the shcr-
 man law and completes the adminis- tration's trust Legislation programme
 for this session of Congress, passed the
 senate late today, 46 to 18. and will
 be sent to conference, where the fed
 erai trade commission birI---first of the
 antitrust measures--stiIi is under con-
 sideration. Reports of both measures
 are hoped for wItbi ntwo weeks.
 Seven republican senators voted for the bill-Brady. CIapp. Cummins, Kenyon, Norris, Perkins and Jones They were joined by the one progressive. Pon-
 dexter
 The bill provides fines and imprison-.
 ment for officers of corporations con victed of offenses against the trust laws. | prohibits exclusive and tying contracts
 which restrict independence of pnrchas- CTS; prohibits holding companies where | their effect is to lessen competition or
 create monopoly and makes illegal two wears he passage of the act inter-
 locking directorates in competing corpor- ] ations any one of which has capital of more than s1,00O.000. It also forbids the | interlocking of railroad directors with l corporations dealing in securities, rail- road supplies or contracts and liberalizes
 procedure in injunction and contempt | cases.
 Sections Stricken Out | Sections of the House bill relating to ..r | tition were stricken out in the Senate l Labor, agricultural and horticultural
 organizations, not conducted for profit are exempted from the provisions relat- | ing monopoly.
 ! The maximum penalty fixed for viola l tion of the provisions preventing exclu- l siye contracts Is $5000 or one year impris- onment or both. The provision against holding companies would not prevent common carriers from acquiring branch lines where there is nozsubstantial com | petition.
 Sections relating to intoxicating direc- torates are made effective two years after the passage Of the act. l Directors of railroads. under the terms 1 of the bill. cannot be interlocked with corporations dealing in securities. rail- road supplies or other articles of com merce or contracts for construction, main tenance. etc, to an amount of more than $50000 in any one year. unless purchases lare made after competitive bidding under regulations of the interstate commerce Commission. penalty of two years im- prisonment and $25.OO0 fine is prescribed for violation.
 Another provision makes it felony for officials of common carrier corpora tions wilfully to nlisapply or permit mis- application of funds of the corporation, the penalty being not less than $500 fine, or imprisonment for. not less than one or more than ten years. or both. Grant Trial by Jury The section dealing with court proceed ure provides that no injunction shall be issued between employers and employees in labor disputes unless lecessary to pre- vent Injury to properly or property rights, and no such order shall prohibit
 the right of employees to strike or peace
 fully persuade others..t do so. Disobe- |diehce of writs subjects offenders to con- tempt rroceedings. accused in indirect
 cases being granted trial by jury. President Wilson will delay his selec- | tion of the members of the new trade
 commission until after the measure has
 been harmonized with the Clayton bill has been accomplished in conference.
 He has not reported any names ns yet