Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 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
lions Of the Statutes-Riaid
Inquiries Are Ordered.

w" DbtCdt nCpoFN
lions Of the Statutes-Riaid
Inquiries Are Ordered.
Washington. Jan 23.-E>nbodyine
the program laid down by the presi
dent In his recent message, the ad
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 be
enacted into law. Their purposes are:
1. Definition of unlawful monop-
oily or restraints OF trade.
2. 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 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-
strictions 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.
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 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 5000 or i'm,
prisonment for one year or both.
Guilt is made personal through q
section that whenever a corporation
shall be guilty OF the violation of the
law the offense shall be deemed to
cover the individual directors, officers
and agents OF such corporation, as
authorizing, ordering, or doing che
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 purchasers
of commodities. with the purpose OF
intent to injure or destroy a competi
tor, either OF the purchaser or OF the
seller, shall be deemed an attempt to
monopolize interstate commerce.
1t is specifically declared that the
law is not intended to prevent dis
elimination in price between purchas
ers OF commodities ION account OF
difference in the grade, quality, OF
quantity OF the commodity sold, OF
that makes only due allowance for
difference in the cost OF Transports
ton"
Further, II Is prescribed that moth.
ing contained in me act shall prevent
persons from selecting their own Gus
toners, but this provision shah not
authorize the owner or operator oil
any mine engaged In selling its prod
uct in interstate or foreign commerce
to refuse arbitrarily to sell the same
to responsible person. firm. or cor
poration. who applies to purchase"
An attempt at monopoly also Is de
olared to exist for any person to make
a sale of goods, wares, or merchandise
or fix a price charged therefor. or dis
count from or rebate upon such price
on the condition or understanding
that the purchaser thereof shall not
deal in the goods. wares, or merchan
disc Of competitor or competitors OF
the seller
Deals With Damage Suits.
A judgment against any defendant
in suit brought under the antitrust
law the bill provides shall constitute
as against such defendant conclusive
evidence of the same facts and be
conclusive as to the same issues OF
law in favor OF any other party in any
other proceeding brought under and
involving the provisions Of the law
For the benefit of parties injured In
heir business or property, by any per
son or corporation found guilty OF vic
lating the law the statute OF limita
tons applicable 70 such cases shall be
suspended.
Injunctiye relief is accorded against
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