Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1914-02-06
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
tions of the Statutes-Risid
Inquiries Are Ordered.

Washington, Jan. 23.-EmbQdyins
the laid down by the presi
dem 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:
l. Definition of unlawful monop-
oily or restraints of trade.
2. Prohibition of unfair trade
practice.
g.. Creation of an interstate
trade commission.
4. Regulation of corporation d.
dectorates and prohibition of In
terlocking d~irectorates.
Unlawful Monopoly Defined.
Unlawful monopoly is defined as
any combination o. agreement be
tween corporations, firms, or persons
designed for the following purposes:
l. To create or carry out re-
6tTictions in trade or to acquire 2
monopoly in any interstate trade,
or m
2. To limit or reduce the pro-
duction or increase the price Of
merchandise or of any commodity.
g.. 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
i at any understanding by
which they, directly or indirectly,
undertake to prevent a 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 S., 1000 OF i'm
~prisonment for one year or both.
Guilt is made personal through {
section hal whenever a corporation
shall be guilty Of the violation of the
law the. offense shall be deemed tc
cover the individual directors, officers
and agents of such corporation, a:
authorizing, ordering, or doing the
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 o.
intent to injure or destroy a competi
tor, either of the purchaser or of the
seller, shall be deemed an attempt tt
m~onopolize interstate commerce.
1t is specifically declared that thu
law is not intended to prevent dis
elimination in price between purchas
ers Of commodities "on account o
difference in the grade, quality, O.
quantity Of the commodity sold, o.
hat makes only due allowance fol
difference in the cost of transporta
ton"
Further, it is prescribed hat moth
ing contained in the act SHAH prevenr
persons from selecting their own cue
toners, but this provision shah no
authorize the owner or operator o.
any mine engaged IA selling it's prod
uct in interstate or foreign commerce
to refuse arbitrarily to sell the same
to a responsible person, firm, or cor
poration, who applies to purchase"
An attempt at monopoly also is de
clared to exist for any person to make
a sale of goods, wares, or merchandise
G fix a price charged therefor, or dis
count from or rebate upon such price
on the condition or understanding
that the purchaser thereof shall MOI
deal in the goods, wares, or merchan
disc of a competitor or competitors O.
the seller.
Deals With Damage Suits.
A Judgment against any defendant
in a suit brought under the anti-trus'
law the bill provides shall constitute
as against such defendant conclusive
evidence of the same facts and bt
conclusive as to the same issues o.
law in favor of any other party in any
other proceeding brought under ant
involving the provisions of the law.
For the benefit of parties injured II
their business or property, by any per
son or corporation found guilty Of vic
latfng the law the statute of limita
tons applicable to such cases shall be
suspended.
Injunctive relief is accorded agains'
- c-.-> "