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Show TRADE COMMISSI BILL ISJIPIIEO Subcommittee Makes Public Final Draft of Administration Administra-tion Anti-trust Measure. WASHINGTON. May 1. Th administration adminis-tration interstate trade commission bill, as framed by a subcommittee, of the senate sen-ate interstate commerce committee for report to the full committee, was made public today. Railroad lepresentatlves will be heard on tho bill by the committee commit-tee May 11 and 12. and others Interested Interest-ed ns opportunity offers. The bill would -provide for a commission commis-sion of five, not more than three of one political party, at $10,000 a year, and a secretary to the commission at S5000 a year. The commlslson would be authorized author-ized to Investigate the organization, business, busi-ness, financial condition, management and its relation." to other corporations, of any corporation engaged In such commerce com-merce ns congress has tho power to regulate reg-ulate under the constitution. The bill would also empower tho commission com-mission to call on the district courts to enforce its orders against corporations. The bill makes, guilt personal by making mak-ing directors, ofltcera and agents responsible respon-sible for violations of the lawtby corporations corpor-ations and providing a line, of SoOOO. or one year's Imprisonment, as a penally against such officers. Identity of directors among; common carriers and banks Is prohibited In a section, sec-tion, which mukes it unlawful from two years after the passage of the act for a carrier to enter Into any contract for the disposal or acquisition of stocks or bonds or any other securities with any corporation corpor-ation where there are common directors. It prohibits the sale or lease of any properly prop-erly under tho same conditions, and both prohibitions apply also to any person, partnership or unincorporated banking Institution. |