The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 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
tons OF the Ststutes-RiGid
Inquiries Are Ordered.

tions OF the Statutes-RiGid
Inquiries Are Ordered.
Washington, Jan Embodying
the program laid down by the presi'
ideat in his recent message, the adj
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 viii be
enacted into law. Their purposes are
l. Definition OF unla wful monop-
oily or restraints OF trade.
2. Prohibition OF unfair trade
practice.
8. Creation OF an interstate
trade commission.
1. Regulation OF corporation d.
dectorates and Prohibition OF in
terlocking directorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined as
sny combination or agreement be-
tween corporations. firms, or persons
resigned 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.
.. To prevent competition in
manufacturing, making, transport
ing. selling, or purchasing VI mer-
chand!se, 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 hxed at not more than Sc. 900 or i'm
,prisonment for one year or both.
Guilt is made personal through
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. az
authorizing. ordering. or doing the
prohibited acts. and they shall be pm.
ished as prescribed above
paragraph prohibiting holding
companies is to be added to this meas.
ufe.
Covers Unfair Trade Practices.
The bill forbiddlng unfair trade
practices declares that to discriminate
In price, between different purchasers
of commodities. with the purpose or
tntent'to inJure or destroy a competi-
tor, either OF the purchaser or OF the
seller. shall be dee med an attempt to
monopoiize interstate commerce..
II is specifically declared that the
law Is not intended TO prevent dis.
Niminatlon In price between purchas-
ers OF commodities ION account OF
difference in the grade. quality, or
quantity Of the commodity sold, or
that makes only due allowance for
difference in the cost OF transporta.
too"
Further. It IL prescribed that moth.
Ing contained In the act shalt prevent
persons from selecting their own Gus.
toners. but this provision shah not
authorize the owner OF operator OF
any mine engaged In selling its prod
uct In interstate or foreign commerce
TO refuse arbitrarily to sell the same
10 a responsible person, firm or cor.
poration. who applies to purchase"
An attempt at monopoly also is de.
ciafcd t. exist for any person to make
q sale 0. goods. wares or merchandise
or Tx 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.
die OF competitor or competitors OF
the seller
Deals With Damage Suits.
Judgment against any defendant
10 q suit brought under the antitrust
law the blu provides shall constitute
sa 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
their business or property. by any per
son or corporation found guilty OF VIC
Eating the law the statute OF lmlta
Hions applicable to such cases shall be
suspended
lnjunctive relief Is accorded against