History for ready reference, Volume 7 : $b Recent history (1901 to 1910)Larned, J. N. (Josephus Nelson)
History
History for ready reference, Volume 7 : $b Recent history (1901 to 1910)
Larned, J. N. (Josephus Nelson)
History -- Dictionaries
"The Bill, Mr. King stated, was not designed to interfere with
trade, but to protect the public from the operation of
monopolies. The bill provides that if six or more persons show
prima facie evidence to a superior court judge that a combine
exists, which has unduly enhanced the price of a manufactured
article, unduly limited the production of any commodity, or
unduly restricted trade in any way, the judge shall order the
minister of labor to have an investigation made. This shall be
done by a board of three, one member to be appointed by those
who complain, one by those complained against, and a chairman
by the first two, and if they fail to select the judge who has
heard the complaint shall act.
"This board has the full powers of a court to compel the
attendance of witnesses and the production of evidence. The
board must report to the minister and he must give the report
the fullest publicity.
"Two remedies are provided where a combination is reported to
exist. The government may withdraw the tariff protection from
the articles produced by the combine and bring the
manufacturers into competition with the world.
"The other remedy is a provision that if the combine persists
in its course after ten days there shall be a fine of $1,000 a
day imposed until the abuse is remedied. There is also
provision that when a patentee makes use of the protection of
the patent act to restrict trade or unduly enhance prices his
patent may be revoked.
"The act provides for its expeditious and thorough
enforcement, and all expenses of investigation are to be borne
by the government.
"Where question is raised as to the scope of the
investigation, the board shall make it as thorough and
complete as public interest requires. Boards are to conduct
their investigations in public and the decision of two members
shall be the decision of the board. Whenever the minister of
labor believes that counsel should aid the investigation, the
board may retain the services of a lawyer upon the consent of
the minister of justice. Witnesses are to be allowed the same
fees and traveling expenses allowed at the present in civil
suits. With the consent of the minister of labor a board may
employ experts to examine books and to report upon technical
questions."
COMBINATIONS: GERMANY:
Corporation Reform as the Germans have handled it.
Public-domain text, read in full here on John Shaqi.
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