The Trust Problem

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" We shall call them briefly the anti-trust act and the trade-com- mission act. The trade-commission bill, as it passed the House, was substantially confined to procedure, to machinery and methods for enforcing the laws. The Senate, however, inserted in this bill provisions with respect to unfair competitive methods, and these stand in the act as finally adopted, altho they more logically belong in the other act, which is chiefly concerned with prohibitions of unlawful practices.
It is perhaps
...needless to call attention to the fact that both these acts are, of necessity, limited to fields over which the federal government has jurisdiction. Ex- cept certain provisions on national banks, they deal exclusively with interstate and foreign commerce.
The new prohibitions and definitions of unlawful practices in the two acts fall under three main heads: (1) those relating to competitive methods; (2) those relating to methods and forms of combination in re- straint of trade; and (3) those relating to mismanage- ment of railroads.


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