The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-07-30
oldest of Anti Trust
Bills, Now i'm Senate, Is
Prepared by Sen. Work S
California Member Of Upper House Prepares Comprehensive sya-
bus EmbodyIng Provisions Of Measures Form
ing Administrative Program


onu-trust bills now being discussed OH
49,. ooor Of the senate has been made
senator John ID. Works OF Caiifor-
senator Works has prepared the
-" -, in short sentences and para
Sranbs about each provision OF three
sns that embody the program of the
wilson administration.
rho abstract of the three bills, In
order is as follows:
,...,state Trade Commission Bill.
rederal trade commission OF hVe
-ar,hers created. Appointed by the
resident, by and with the advice OF
~, senate. Term Of office, seven
roors Salaries, $4,000 year each;
soorotarv. $4,000: assistant secretary,
"a 600, total, $4,000 year.
commission authorized to appoint
o,,orneys. special agents, accountants
,ynerts examiners and other employ
eos no many as congress will appro-
priate money to pay.
Commission given power: Ffrst-To
,,vestigate any corporation or associa-
zion doing an interstate trade business,
whenever and as often as ii pleases.
second-To require any corporation
60 furnish any information 1t calls for
at any time, without limitation.
Third-To prescribe forms of annual
ronorts from such corporations and TO
compel the making of annual reports
and sneciol reports without limit and
at any time.
ronrth-To make public the infor-
nation II obtains.
Nav Prepare DEGREES in Suits.
Ffth-To prepare DEGREES i'm suits
h,ought BIZ the attorney general.
Sixth--To investigate and determine
whether DEGREES procured by the attor-
ney general are being carried out or
are being violated and what, il any,
other or additional decree is advisable.
Seyenth--If il finds that any one has
violated the antitrust law, to report
Ifs findings and the evidence to the at
torney general with lis recommends
tons.
Eighth-Have access to all books
and papers of such business.
Ninth-To investigate trade condi-
tons in other courses.
Tenth-To prevent unfair methods OF
competition.
Elevehth-To hold hearings affecting
any concern whenever it pleases. TO de-
termine whether its methods are un-
fair or not.
Twelfth-If It finds they are unfair
to issue an order restraining and pro-
hibiting the use of the same.
Thirteenth-If the order is not COM
piled with, to bring an action to en-
force compliance.
Fourteenth-To issue subpoenaes,
compel the attendance and testimony of
witnesses and production of evidence
and TO administer oaths.
The bill imposes severe penalties for
failure or neglect to comply with any
Of the orders of the commission.
The Clayton Bill.
The Clayton bill forbids any person
engaged in commerce to discriminate
between different purchasers of COM
modites, with the purpose or intent to
thereby destroy or wrongfully injure
the business Of competitor OF either
such purchaser or seller.
II forbids any person to lease or sell
commodity on condition or UNDER
standing that the lessor or purchaser
shall not deal in the commodities of IA
competitor.
1t makes decree or judgment in ac-
ton by the United States under anti
trust law prima facie evidence against
defendants in action brought by other
parties.
Authorizes Federal Suits.
1t authorizes suit in the federal
courts by any person injured by the
violation of the antitrust laws with
out regard to the amount involved.
II fixes the time in which suits may
be brought or Indictments found for
violations of the nti-trust laws at six
years, and the running of the statute is
suspended during the tendency OF an
Injunction by the United States.
Labor Organizations Exempted.
II eNempts labor, agricultural and
horticultural organizations instituted
iuf the purpose of mutual help and
aWlully Carrying out the legitimate
purposes of their organization, not
only from the provisions of this act,
put existing antitrust laws.
IL forbids any corporation engaged
!" commerce To hold stock of another
corporation so engaged, the effect of
"h'ch rs To eliminate or substantially
rSSen competition or create a mono
poly.
lorblds corporation To hold the
o'N Oh TWO or more corporations
"here such effect will result.
Two Exemptions Provided.
ihis not to apply-(first) to corpora
''ohs purchasing stock for investments
'second) to common carriers aiding
:" .he construction of branch rail-
roads' feeders to its line.
iorbids any common carrier &c
purchase supplies or make contracts
ior construction or maintenance tn tn,
amount of $4,000 or more for any one
Sear where the two have interlockinl
directors, except upon competitive bid
ding.
makes 1t unlawful TO prevent OF
,'ehpt to prevent any one from bid
ding