The Tucumcari news and Tucumcari times. [volume] (Tucumcari, N.M.) 1907-1921, 1914-01-28
NEW TRUST
BILLS READY
PROPOSED MEASURES CREATE
THE INTERSTATE TRADE
COMMISSION.
END INTERlOCKINC DIRECTOHArsS
Presidents Program Finds Ready Re.
sponse Among the Majority
Members OF Both
Houses.

Neutrality-suspicious. OF the proposed
bills to supplement the Sherman anti.
trust act suggested by President vii.
o In his recent message TO congress
were made public.
The bills introduced embrace the
following:
Prohibition Of interlocking director.
ates OF industrial corporations. rail.
railroads. banking or trust companies.
Definition OF the terms Of the Sher.
man antitrust act. TO specifically in.
clude within the meaning Of econ.
spiracy in restraint OF trade" every
contract, combination In the form Of
a trust or otherwise within the mean.
ing OF the word "monopolize" and Ger.
tain definite ~offenses, all Of which
would be prohibited. and fixing guilt
upon individuals.
a trade relations measure designed
to prohibit "cut.throat" competition
through price determinations, dis.
counts, rebates. territorial r~estric.
tions, etc. and giving to individuals
injured by reason OF anything found
In the Sherman act the right TO bring
Suits In equity against corporations
against which DEGREES have been oh.
tanned by the government.
Chairman Clayton announced that n
fourth projected measure, which
would provide for government regula.
ton OF railroad securities. had not
been drafted and would he taken up
by the house and senate Interstate
commerce committees.
The interlocking directorate bill
would provide that after two years
from the date of It's approval no per.
son engaged as an individual member
OF partnership, officer OF a corpora.
ton in the business OF manufacturing
and selling railroad Ears or loco.
motives, rail or structural steel. min.
ing or selling coal. or the conduct of
a bank or trust company shall act In
n capacity as an employe OF any
railroad or public.service corporation
doing an interstate business.
For violation a fine of 500 a dav or
Imprisonment not exceeding one ycar
or both is proposed.
The trade relations bill would
provide that II should he deemed an
attempt al monopolization OF trade or
commerce to discriminate in price
with the intens to injure a competitor.
either OF purchaser or the seller. pro.
vided discrimination ir price on ac.
count OF differences In grade. quality
or quantity or that makes only due
allowance for difference In cost 81
transportation should not he prevented
n provided further that nothing In
the bill should prevent persons from
engaging in selling goods from select.
Ing their own customers. This latter
provision would not authorize tho
owner or operator Of n mine to refuse
:. Oitrarily to sell It's product TO a pur.
! chaser.
The commission proposed by the
bill introduced would absorb the bu.
reau OF corporations. would consist Of
five members salaried ut $4,000 and
would have powers Of inquisition over
all corporations save common car.
riers. which are regulated by the In
terstate commerce commission. Its
most important function Is designed
TO assist business and the government
In preventing violations Of the Sher.
man act; In aiding the attorney gen.
eral 10 terminate unlawful conditions
by agreements.