McNairy County independent. (Selmer, McNairy County, Tenn.) 1902-1969, 1914-01-30
FRAME FOUR BILLS
!. TO CURB TRUSTS
MEASURE APPROVED BY WILSON
HAS NO ESCAPE LOOP
HOLES.
TO BECOME LAWS VERY SOON
Penalty for Restraint Of Commerce,
Unfair Business and interioeking
DIrectorates - Ample Provisions
Made for Trade Commission.

Made for Trade Commission.
Washington, Jan. 23.-The admins
tration's trust bills, embodying tbs
program laid down by the president IL
his recent message. have been present
ed to congress.
The bills have received the approval
Of Mr.. Wilson and the Democratic
leaders of both houses of congress
With little modification they will bs
enacted into law. Their purposes are
/. Definition of unlawful monop-
oily or restraints of trade.
2. Prohibition of unfair trade
practice.
8. Creation of an interstate
trade commission.
4. Regulation Of corporation d.
dectorates and prohibition of in
terlocking directorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined al
any combination or agreement be
tween corporations, firms, or persons
designed for the following purposes
l. To create or carry out re-
strictions in trade or to acquire q
monopoly in any interstate trade,
business, or commerce.
2. To limit or reduce the pro-
duction or increase the price of
merchandise or Of any commodity.
8. To prevent competition in
manufacturing, making, transport
Ing, selling, or purchasing Of mer-
chandise. produce, or any COM
modify.
4. To make any agreement, en-
ten into any arrangement, or ar
rive at any understanding by
which they, directly or indirectly,
undertake to prevent free and
unrestricted competition among
themselves or among any pur-
chasers or consumers in the sale,
production, or transportation of
any product, article, or commod-
ity.
The penalty for violation of the Law
Is fixed at not more than $1,000 or Inn
prisonment for one year or both.
Guilt is made personal through I
section that whenever a corporation
shall be guilty of the violation of tn,
law the offense shall be deemed Il
cover the individual directors, officers
and agents of such corporation, Al
authorizing, ordering, or doing tn,
prohibited acts, and they shall be pun
tshed as prescribed above.
A paragraph prohibiting holding
companies Is to be added to this meas
ure.
Covers Unfair Trade Practices.
The bill forbidding unfair trad,
practices declares that to discriminat,
in price. between different purchaser
of commodities, with the purpose G
intent to injure or destroy a competi
tor, either of the purchaser or OF thu
seller, shall be deemed an attempt Il
interstate commerce.
1t is specifically declared that tn,
law Is not intended to prevent dis
elimination in price between purchas
ers of commodities ION account O
difference In the grade, quality o.
quantity Of the commodity sold, o.
that makes only due allowance To-
difference in the cost of transporta
ton"
Further. It is prescribed that moth
Ing contained In the act shall proven
persons from selecting their own Gus
toners, but this provision shall no
authorize the owner or operator O
any mine engaged in selling its prod
uct In interstate or foreign commerc,
to refuse arbitrarily to sell the sam,
to q responsible person, firm, or cor
poration. who applies to purchase"
An attempt at monopoly also is de
clared to exist for any person to max,
. sale Of goods. wares, or merchandis,
or fix price charged therefor, or dis
count from or rebate upon such price
on the condition or understanding
that the purchaser thereof shall no
deal In the goods, wares, or merchan
disc Of a competitor or competitors o
the seller.
Deals With Damage Suits.
A judgment against any defendan
in q suit brought under the enti-trus
law the bill provides shall constitut,
as against such defendant conclusiv,
evidence of the same facts and b,
conclusive as to the same issues O
law in favor Of any other party in an,
other proceeding brought under ant
involving the provisions of the law.
For the benefit of parties injured II
their business or property, by any per
son or corporation found guilty of vic
lating the law the statute Of limita
tions applicable to such cases shall b,
suspended.
Injunctive relief is accorded agains
threatened loss or damage by a viola
ton of the act under the same condi
lions and principles that injunctive re
lief against threatened conduct whicl
will cause loss or damage is granite,
by courts of equity.
1t is required that a proper bon,
shall be executed against damages 70
an injunction improvidently granted
and It must be shown that the DANCE
of irreparable loss or damage is i'm
mediate.
Hits lnteriocking Directorates.
Concerning directorates. the bill OF
that subject, which IL to become eli