The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1914-01-30
MEASURE APPROVED By WILSON
HAS NO ESCAPE LOOP
HOLES.
TO BECOME LAWS VERY SOON
Penalty for Restraint Of Commerce,
Unfair Business and i%nter,ocklna
D~Ireetorates - Ample Provisions
Made for Trade Commission.

program laid down by the president In
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 be
enacted into law. Their purposes are:
1. Definition of unlawful monop-
oily or restraints of trade.
2. Prohibition of unfair trade
practice.
g.. Creation of an interstate
trade commission.
4. Regulation Of corporation d.
dectorates and prohibition Of In
t~erlocking directorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined as
any combination or agreement be-
tween corporations, firms, or persons
designed for the following purposes:
/. To create or carry out re-
str1ctions in trade or to acquire a
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-
chapdise. produce. or any COM
modify.
:. 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 IS. 900 or i'm
prisonment for one year or both.
Guilt is made personal through a
section that whenever a corporation
shall be guilty of the violation Of the
AoN tAO otChoO email bO tSilit ~
cover the individual directors, officers
and agents Of such corporation, as
authorizing, ordering, or doing the
prohibited acts, and they shall be pun
ished as prescribed above.
A paragraph prohibiting holding
companies is to be added to this meas
ure.
Covers Unfair Trade Practices.
The bill forbidding unfair trade
practices declares that to discriminate
In price, between different purchaser.
of commodities, with the purpose o.
intent to injure or destroy a competi
tor, either of the purchaser or Of thu
seller. shall be deemed an attempt Il
monopolize interstate commerce.
1t is specifically declared hat 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 transports
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 nc
authorize the owner or operator &
any mine engaged In selling its proc
uct in Interstate or foreign commerce
to refuse arbitrarily to sell the sam
to a responsible person, firm, or CO
poration. who applies to purchase"
An attempt at monopoly also is d
clared to exist for any person to mai
q sale Of goods, wares, or merchandis
or fix a price charged therefor. or di
count from OF rebate upon such pric
on the condition or un~derstandin
that the purchaser thereof shall NJ
deal in the goods, wares, or mercha
disc Of a competitor or competitors
the seller.
Deals With Damage Suits.
A judgment against any defendal
in q suit brought under the anti-tru
law the bill provides shall constitu
as against such defendant c%onclusi'
evidence Of the same facts and
conclusive as so the same issues
law in favor Of any other party in al
other proceeding brought under al
involving the provisions of the law.
For the benefit Of parties injured
their business or property. by any pe
son or corporation found guilty Of "
lating the law the statute Of limit
tons applicable to such cases shall
suspended.
Injunctive relief is accorded again
threatened loss or damage by a VIC
ton of the act under the same con
lions and principles that injunctive
lief against threatened conduct viii
will cause loss OF damage is grant
by courts Of equity.
1t is required that a proper DO
shall be executed against damages
an Injunction improvidently grant,
and 1t must be shown that the dana
Of irreparable loss or damage is !