The Julesburg grit-advocate., 1914-01-29

tAFsatsAel loss - damage By Q vSeaa-
tiaa q ths set aAAsr tAs sane asoA-
t10As and principles that injunetivs 70
lief asntnst threatened eoaAuct which
Will cause los or damage 10 granted
by courts Of equity.
II II required that . proper bond
shall be eIecuted against damages for
an Injunction inprovidently granted.
and II must - shown that tie danger
Of ireparable loss or damage y IN
mediate
NM laSssseeklaO 0issetsestee-
CoocerninS directories. the blll -
that subject. which h to become ef-
fectivs tvo ysars from date of ~
pfoval sf the act. provides:
NE Dessoa engaged - N indiviA-
ual - - . member Of Q partnership
o. - . director o. other oGicsr oe .
corporation in the bssinsss Of sslling
railroad cars or locomotives. o. rail-
road rails or structural steel. o. min
ing or selling coal. o. conducting .
hank o. trust company. shall act - .
any railroad or other public service
corporation which coaducts an inter
state bssinees.
"No psrsoa shall at The same time
BE- Q director o. other olhcer or en-
ploye In two Or moro federal reserve
hanks. national, banks. or banking a.
sociations. OF other hanks or trust
companies which are members Of any
reserve bank; and . private banker
and q psrson who 10 . director in any
state bank or trust company not oper-
ating under the provisions Of the re-
cent currency Law shall not b eligible
to serve a. . director In any bank or
banking association or trust company
operating under the provisions Of the
law"
Violation Of these sections 70 made
punishable BY = nne Of 500 . day. or
by imprisonment not exceeding one
year. or both.
II any two or more corporations
have common director or directors.
the fact shall be conclusive evidence
that there exists . real competition
between such corporation and such
elimination of competition shall be
construed ~ . restraint of interstate
trade and be treated accordingly.
The trade commission bill provides
for commission Of five members. with
the commissioner Of corporations as
chairman. and transfers all the exist
ing powers Of the bureau of corpora
tions to the commission.
The principal and most important
duty the commission besides conduct
ing investigations will be to aid the
courts when requested In the forma-
tion Of DEGREES Of dissolution.
With this in view, the bill empow-
ers he court to refer any part of pend
ing litigation to the commission. In.
cludins the proposed decree. for infor-
nation and advice.
Much Criticism for 0ills.
The trust bills as framed will be
the subject Of sharp criticism on the
part Of progressives Of all parties who
claim they do not go far enough. 1t
will be declared that the definition OF
monopoly remains inadequate that the
prohibition Of unfair trade practice
does not cover this evil In our econ
omic life that interlocking stock con-
troll 10 not covered and that the pow
ers of the proposed trade commission
are insufficient.
1t is interesting to note that the
proposal to place the burden Of proof
upon . combination believed to be vio-
lating the law has been omitted. No
attempt Is made to prevent or destroy
monopoly based on patents. The great
est difhculty experienced in the effect
i've enforcement of the law has been
found to be in the unwillingness of
the courts to impose jail penalty. 1t
remains optional under the proposed
measures whit the courts to fine or
imprison.
Trade Board May Disappoint.
In connection with the trade COM
mission President Wilson declared in
his message that the country de
mands such . commission only IS an
indispensable instrument of informa-
tion and publicity as . clearing house
for the facts by which both the pub
lie mind and the managers Of great
business undertakings should be
| guided"
| The bill prescribes that the commits
sion acts are to constitute 4 public
record but the body Is authorized
to make public the information "in
such form and to such extent as may
be- necessary" or by direction Of the
attorney general"
1t is apparent that the public mind
cannot be guided unless It has the
facts, and then 1t will not get unless
the commission or the attorney gen
eral deems 1t polite.
| Settlement Of Differences.
The most important feature Of the
bill is that which legalizes the policy
Of the administration of terminating
an unlawful condition by agreement
| hetween the combination attacked and