The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-15
Contiaued from First Pope.

to labor unions as we'll as other mutual
organizations mot having capital stock or
conducted for profit" II provides that
such organizations shall not be restrained
from carrying out the legitimate objects
OF such associatons.'
This does not estop prosecutions OF
labor unions ~ they commit acts that are
of the bill dealing with this question
reads:
That nothing contained in the anti
trust laws shall be construed to forbid
the existence and operation OF fraternal
labor. consumers, agricultural or horti-
cultural organizations. orders or associa-
tons operating under the lodge system.
Instituted for the purposes of mutual help
and not having capital stock or coDductei
for profit or to forbid or restrain indi-
y1dual members of such orders or associa-
lions from carrying out the legitimate OBJ
jects of such associations"
Price Determination
Section 1 to 6 inclusive OF the Clay
ton bill deals with price determinations.
IL Is made a misdemeanor. punishable by
fine not exceeding 5000 or imprisonment
not exceeding one year or both In the
discretion OF the court for any person to
discriminate between purchasers and com
munitles IN the matter OF prices with q
view 10 injuring or destroying the bus!-
ness OF a competitor.
Section relates TO holding compa-
MES. II prohibits a corporation from ac-
curing control over a competitor where
such acquisition might tend 10 the crea-
ton Of a monopoly in any line OF busi-
ness The prohibition does not apply 70
corporations purchasing stock solely for
inves tment purposes Here lie new sec
ton OF the bill that Is regarded as OF
impor lance.
.Nor shall this prohibition prevent n
corporation engaged in commerce from
causing the formation Of subsidiary cor
porations for the actual carrying on Of
their immediate lawful business or the
natural and legitimate branches thereof
or from owning and holding all or a part
OF the stock OF such subsidiary corpora
tions when the effect Of such formation
il not to eliminate or lessen competition"
Another new provision is that which
permits railroads TO assist In the building
Of feeder lines and 20 purchase and con-
troll branch" or short line railroads
that are not substantial competitors.
Violation o, the holding company
prohibition is made punishable by fine
not exceeding S. 900 or imprisonment for
one year or both.
Interlocking Boards.
section tlCnl mas 10 no WIN iHN'f
locking dlrectorates II prohibits inter
locking d!rectorates between railroads and
corporations that are engaged In selling
railway supplies. II also prohibits inter
locking directorates among banks and
other financial Institutions
In addition TO the provision limiting
the enforcement OF the prohibition only
against financial institutions with re-
sources In excess OF $2.50o.00o there ir
another new section affecting private
bankers and trust companies In all cities
with population IN excess OF 100000.
This reads as follows.
"No bank. banking association or trust
company organized and doing business In
any city or town Of more than 1OO.OGN
inha bitants shall have as q director or
other officer or employee any private
banker or any director or other officer or
employee OF any other bank. banking
association or trust company located In
the same place."
Violation OF the prohibition against
interlocking directorates Is made punish