Montpelier examiner. [volume] (Montpelier, Idaho) 1895-1937, 1914-01-30
FRAME FOUR BILLS
TO CURB TRUSTS"
MEASURE APPROVED BY WILSON
HAS NO ESCAPE LOOP.
HOLES.
TO BECOME LAWS VERY SOON
Penalty for Restraint Of Commerce,
Unfair Business and InterIockins
pirectorates Ample Provisions
Made for Trade Commission.

washington, Jan. Z5.-Ino admins
rations trust bills, embodying the
'rogram laid down by the president in
lis recent message, have been present
ID to congress.
The bills have received the approval
Il Mr.. Wilson and the Democratic
eaders Of both houses of congress.
With little modification they will be
nacted into law. Their purposes are;
/. Definition of unlawful monop-
oily or restraints of trade.
2. Prohibition of unfair trade
practice.
3. Creation Of an interstate
trade commission.
A. Regulation Of corporation d.
dectorates and prohibition of In
terlocking directorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined as
my combination or agreement be-
ween corporations, firms, or persons
designed for the following purposes
l. 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.
8. 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
s fixed at not more than 81, 900 or i'm.
Drisonment for one year or both.
Guilt is made personal through a
section that whenever a corporation
shall be guilty of the violation of the
aw the offense shall be deemed tC
cover the individual directors, officers
and agents of such corporation, al
ordering, or doing the
prohibited acts, and they shall be pun
shed as prescribed above.
A paragraph prohibiting holding
is to be added to this meas
lre.
Covers Unfair Trade Practices.
The bill forbidding unfair trade
practices declares that to discriminate
In price. between different purchasers
of commodities, with the purpose o.
intent to injure or destroy coISpeti
tor, either Of the purchaser or of the
seller, shall be deemed an attempt Il
interstate commerce.
It is specifically declared that the
law is not intended to prevent dis
In price between purchas
ers Of commodities ION account o
difference in the grade, quality, o.
quantity Of the commodity sold. Of
that makes only due allowance 70,
difference in the cost Of transporta
ton"
Further, 1t Is prescribed that moth
lag contained in the act shall proven
persons from selecting their own Gus
but this provision shall no
authorize the owner or operator o
any mine engaged In selling its prod
uct in interstate or foreign commerce
to refuse arbitrarily to sell the samt
to a responsible person, firm, or cor
poration, who applies to purchase"
An attempt at monopoly also is de
Giared to exist for any person to max,
Il 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 no
deal in the goods, wares, or merchan
disc OF competitor or competitors o
the seller.
Deals With Damage Suits.
A judgment against any defendan
ih a suit brought under the anti-trus
law the bill provides shall constitute
as against such defendant conclusiv
evidence of the same facts and b.
conclusive as to the same issues O
law In favor of any other party in an,
other proceeding brought under AM
involving the provisions of the law.
For the benefit of parties injured II
their business or property. by any pei
son or corporation found guilty of vic
lating the law the statute of limita
tions applicable to such cases shall b
suspended.
Inounctive relief is accorded agains
threatened loss or damage by a viola
ton of the act under the same cond
lions and principles that injunctive re
lief against threatened conduct whic
will cause loss or damage is granite
by courts of equity,
It is required that a proper bon
shall be executed against damages 70
an injunction improvidently granted
and 1t must be shown that the DANCE
OF irreparable loss or damage is in
mediate.
Hits lnterlocklno Directorates.
Concerning directorates, the bill O
that subject, which is to become e