The review. [volume] (High Point, N.C.) 1908-19??, 1914-01-29
FOUR new ANTI
TRUST BILLS OUT
Measures Based on Wilson Poll
cies Define Sherman Act
and Allied Laws.
FULL PUBLICITY IS SOUGHT
Trade Commission Instead OF Corpora
ton Bureau Would Report VIOLA
tons of the Statutes-Rigid
INQUIRIES Are Ordered.

Washington, Jan. 23.-Embodylng
the program laid down by the presl-
dent in his recens message, the ao-
ministration's trust bills were 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 De
enacted into law. Their purposes are:
/. Definition of unlawful monop-
oily or restraints of trade.
3, Prohibition of unfair trade
practice.
3. Creation Of an interstate
trade commission.
4. Regulation of corporation d.
dectorates and prohibition OF IN
terlocking directorates.
Unlawful Monopoly Defined.
Unlawful mopopoly is defined as
any combination or agreement be-
tween corporations, firms, or persons
designed for the following purposes:
1. To create or carry out re-
strictions in trade or to acquire
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.
3. 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 a 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 $4,000 or I'm
prisonment for one year or both.
Guilt is made personal through
section that whenever a corporat1o
shall be guilty Of the violation of tn
| law the offense shall be deemed t
cover the Individual directors, officer:
and agents of such corporation, a
authorizing, ordering, or doing tn
prohibited acts, and they shall be pull
ished as prescribed above.
A paragraph prohibiting holdin
companies is to be added to this mea
ure.
Covers Unfair Trade Practices.
The bill forbidding unfair trad
practices declares that to discrim1na1
in price, between different purchaser
of commodities, with the purpose I
intent to injure or destroy compel
tor, either of the purchaser or of tt
seller, shall be deemed an attempt
monopolize interstate commerce.
It is specifically declared that IL
law is not intended to prevent di
elimination in price between purcha
ers of commodities ION account
difference in the grade, quality,
quantity of the commodity sold,
that makes only due allowance
difference in the cost of transport
ton"
Further, it is prescribed that not
ing contained in the act shall preve
.. persons from selecting their own CT
toners, "but this provision shah I
authorize the owner or operator
any mine engaged in selling it's pr
uct in interstate or foreign CONNER
to refuse arbitrarily to sell the sal
7 to responsible person, firm, or c
. poration, who applies to purchase.
. An attempt at monopoly also is
= clared to exist for any person to ma
a sale of goods, wares, or merchant
or fix a price charged therefor, or {
;, count from or rebate upon such pr
on the condition or understand
- that the purchaser thereof shall
- deal in the goods, wares, or merch
disc of a competitor or competitors
- the seller.
- Deals With Damage Suits.
- A judgment against any defend
- in a suit brought under the anti-t1
a law the bill provides shall constit
49, as against such defendant conclus
-, evidence of the same facts and
- conclusive as to the same issues
~ law in favor Of any other party in
-, other proceeding brought under
&C. involving the provisions of the lay
-. For the benefit of parties injure'
their business or property, by any
10. son or corporation found guilty of
no lating the law the statute Of lin
~, lions applicable to such cases shall
~. suspended.
,rs Injunctive relief is accorded aga