Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-23
READY TO DEBATE
TRUST MEASURES


rangement, or arrive at any under
standing by which they, directly or
indirectly, undertake to prevent free
and unrestricted competition among
themselves or among purchasers or
consumers in the SALE production, or
| transportation of any commodity"
Penalty of $1,000 Imposed.
All such contracts would be de-
clared unlawful, punishable by a fine
not exceeding $1,000 or Imprisonment
not exceeding one year, or by both,
in discretion of the court. Whenever
a corporation is found guilty, under
the terms of this measure, the effense
| would be deemed to be "alsO that of
| the individual directors, officers and
agents of such corporation, Z who
would be punished equally with the
corporation.
Interlocking Directorate Bill.
The interlocking directorate bill
would provide that, after two years
from the date of its approval. no
person engaged as an individual.
member of partnership, officer of a
corporation in the business of man
ufacturing or selling railroad cars or
locomotives, rails, structural steel,
mining or selling coal, or the con-
duct of a bank or trust company,
shall act in any capacity as an en-
ployee of any railroad or public serv-
Ice corporation doing an interstate
business.
1t would provide further, no person
should. at the same time, be an en-
pIoyee in two or more banks, banking
associations or trust companies
which are members of any reserve
bank operating under the provisions
of the new currency law, and that no
private banker, or person who is
director in any State bank or trust
company, not operating under the
new currency law, shall be eligible
to be a director in any bank operating
under the act. For violations fine
of 500 a day or Imprisonment not
exceeding one year, or both, is pro-
posed.
"Trade Relations" Measure.
The trade relations" bill would
provide that it should be deemed an
attempt to monopolize trade or COM
merce to discriminate in price with
the intent to injure a competitor
either of purchaser or the seller, pro-
vided discrimination in price on &C
count of differences in grade, quality
or quantity, or that makes only due
allowance Tor QlIIefence@ IN cOSI ol
transportation, should not be pre-
vented, and provided further that
nothing in the bill should prevent
persons engaged in selling goods from
selecting their own customers. This
latter provision wouldanot authorize
the owner or operators of q mine to
refuse arbitrarily to sell its product
to a responsible purchaser.
Whenever in any civil or criminal
suit brought on behalf of the gov
eminent under the act decree is
rendered to the effect that q defend
ant has entered into contract, COM
bination in form of trust or otherwise,
or conspiracy in restraint of tradey
or has attempted to monopolize, or
combined with any person to monop-
olize any part of trade, the bill would
provide that the existence of such il
legal contract or combination or con-
spiracy should to the fun ext ito
which such decree would constitute in
any other proceeding an estoppel as
between the government and such
person, constitute against the defend
ant 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 or involving the pro-
visions of the act.