Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-09-03
Many Amendments to House
Measure Must Be Settled in
Conference Before Final
Vote,
RADICAL PROVISIONS
ARE STRICKEN OUT
Fines and Imprisonment Pro-
vlded for VioIators Of Law
Regarding Corporations in
Restraint Of Trade.

nv NoNhiNo JOURNAL tFtctAh tNAhto WfHel
Washington. Sept. 1.-The Clayton
antitrust bill to supplement the sher-
man law. which will complete the add
ministration trust legislative program
for this session of congress, passed
the senate today. The vote was 46
TO iG.
Seven republican senators, Brady.
Clapp. cummins. Kenyon. Morris.
Perkins and Jones, and Senator Poin-
dexter. progressive, voted for the bill.
The bill was amended by the sem
ate In many particulars and will be
sent to conference where the federal
trade commission bill-first Of the
anti-trust measures--still Is under
consideration. Reports on both meas
ures are hoped for within two weeks.
Prohibitions In Bill.
The bill provides fines and i'm
prlsonment for officers of corpora
tions convicted of offenses against the
trust laws; prohibits exclusive and
fieing contracts which restrict inde-
pendence of purchasers: prohibits
V0DNiiiE companies Nftlt AIitll tIlttl
is to lessen competition or create mo-
nopoly and makes illegal two years
after the passage OF the act interlock-
ing directorates in competing corpora
tons. any one of which has capital of
more than $1,000. 900. 1t also forbids
the interlocking of railroad directors
with corporations dealing in securi-
ties. railroad supplies or contracts and
liberaiizes procedure in Injunction
and contempt cases.
Sections Stricken Out.
Sections of the house bill relating
to price determinations and unfair
competition were stricken out in the
senate.
Labor. agricultural and horticulture
al organizations mot conducted for
profit, are exempted from the pro-
visions relating to monopoly.
The maximum penalty fixed for vio-
lation of the provision preventing ex-
elusive contracts is a fine of $4,000
or year Imprisonment. or both.
The provision against holding COM
ftHf'o 0Vtft hot PitNtflA tObiftion
carriers from acquiring branch lines
where there is no substantial compe-
tition.
Sections relating to interlocking di-
rectorates are made effective two
years after the passage of the act
Restrictions ON Railroads.
Directors of railroads. under the
terms OF the bill. cannot be inter-
locked with corporations dealing in
securities, railroad supplies or other
articles of commerce or contracts for
construction. maintenance. etc, to
an amount Of more than $4,000 in
any one year, unless purchases are
made after competitive bidding under
regulations of the Interstate Com
meree commission. A penalty of two
years Imprisonment and $4,000 fine
Is prescribed for violation.
Another provision makes a felony
for officials of common carrier cor
poratlons wilfully TO misapply or per-
nit misapplicaiion Of funds Of the
corporation, the penalty being not less
imam $500 fine or Imprisonment for
not less than one or more than ten
Years, or both.
Regarding Injunctions.
The section dealing with court pro-
cedure provides that no injunction
snail issue between employers and
employees in labor disputes unless nee
essary to prevent injury to property
or property rights and no such order
shall prohibit the right of employees
TO strike or peacefully persuade others
to do so.
Disobedlence of writs subjects Of |
renders to contempt proceedings, ac-
ensed in indirect cases being granted |
trial by jury.
PRESIDENT Wilson will delay his Sc
lection Of members of the new trade |
commission until after the measure
mas been harmonized with the Clayton I
Dill by the conference reports.