The Bridgeport evening farmer., 1914-05-02
SENATE ANTITRUST
 BILL IS DRAFTED.
Interlocking Directorates Impossible Under Condi-
 tions of Measure
Section Provides Fine or Jail Term for Officers of Of
 lending Companies

Washington, May NThe Senate antitrust bill, which is generally re- zarded as the limit to which the ad- ministration will go in carrying out the purposes enunciated in the Presi- dents antitrust message, was laid be- fore the interstate commerce commit tee of that city yesterday by Q sub committee which had devoted weeks of labor to drafting it.
 Only ox1e member ofS the Sub-cOm- nittee - Senator Brandegee = voted against the bill as it stands It is ex- pected that there will be sufficient Re- publican support to pass the measure in the Senate with little modification, if 1t can be drought to a vote during the present session
 The Senate bill provides for the establishment of an interstate trade commission similar to that proposed in the House bill It also proposes leEislation supplemental to the anti trust law for the regulation of big business, which is now the subject of consideration by the Judiciary Com rnittee of the House
 WOULD SHAKE CARBOHYDRATES.
 This supplemental legislation pro- posed in the Senate bill includes the following provisions
 That no corporation shall engage in commerce. if upon its board of d1- rectors or other managing board or among it's officers there is any person who is a member of the board of df- rectors or other managing board of another corporation engaged in com merce and carrying on a competitive business
 That no corporation shall engage in commerce if it owns, holds or con troIs. directly or indirectly. the whole or any part Of the capital stock or any other means Of control of any other
 
 business"
 Persous injured by the violation of these prohibitions may bring suit Tor the recovery of threefoId damages
 The ssguilt-is-personaI theory is embodied in a section which declares that whenever a corporation violates any sof the provisions Of this act, the offence shall bs deemed to, be also nat Of the individual directors, ofH- ers and agents of such corporation authorizing or ordering any of such, prohibite dacts-s A fine of 5000 or tmprisoument for one year. or Doth' is the penalty for the violation.
 Some compensation for the restric- tions upon their activities in inter- gate commerce and the regulation Of stock issues is afforded corporations which comply with the law: clean bill of health from the proposed dn- terstate Trade Commission or the In terHtate Commerce Commission, as the case may be- will guarantee them protection from suits to enforce the law
 PROVIDES FOR IMMUNITY
 The sections prohibiting interlock- ing directorates and holding lconpa-s niee and regulating stock issues con- tain the provision that no suit shall be brought to enforce the law against corporations which file with either commission. within one year from the. passage of the act, petitions alleging that the competitive conditions which render them subject to the law do not, exist In their relations with other cor poratfons1 The bill requires that the commission shall make al prompt in- vegtigation-
 If it finds that the corporation in question is violating the law. 1t is to. have immunity from suit for three months. during which it may read1ust it's affairs If the commission makes a finding sustaining the petition the immunity remains in force so long as the conditions remain unchanged.
 These provisions will, 1t is believed, give big business an opportunity to readiust it's affairs to comply with the law without suffering unnecessary lcGs-