Co-operation in the United States: Based on Official Sources, Designed as a Text Book on Co-operation for Farmers, Bankers, Students, Editors and Others, Showing the Advantages and the Limitations of Co-operation

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Grain dealers national association, 1925 - 126 pages

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Page 71 - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a misdemeanor...
Page 72 - Third. That the association shall not deal in the products of nonmembers to an amount greater in value than such as are handled by it for members.
Page 71 - Sec. 2. Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several states, or with foreign nations, shall be deemed...
Page 72 - First. That no member of the association 'is allowed more than one vote because of the amount of stock or membership capital he may own therein, or, "Second. That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum. And in any case to the following: "Third. That the association shall not deal In the products of nonmembers to an amount greater in value than such as are handled by it for members.
Page 71 - Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof; nor shall such organizations, or the members thereof, be held or construed to be illegal combinations or conspiracies in restraint...
Page 72 - ... may serve upon such person a complaint stating his charge in that respect, to which complaint shall be attached or contained therein a notice of hearing, specifying a day and place not less than three days after the service thereof, requiring such person to show cause why an order should not be made directing that all contract markets until further notice of the said commission refuse all trading privileges thereon to such person.
Page 44 - ... sold for use, consumption, or resale within the United States or any Territory thereof or the District of Columbia or any insular possession or other place under the jurisdiction of the United States...
Page 80 - ... subject to a fine of not less than one hundred dollars ($100), and not more than one thousand dollars ($1,000...
Page 80 - No association organized hereunder shall be deemed to be a combination in restraint of trade or an illegal monopoly; or an attempt to lessen competition or fix prices arbitrarily; nor shall the marketing contracts or agreements between the association and its members or any agreements authorized in this act be considered illegal or in restraint of trade, § 24.
Page 73 - That if the Secretary of Agriculture shall have reason to believe that any such association monopolizes or restrains trade in interstate or foreign commerce to such an extent that the price of any agricultural product is unduly enhanced by reason thereof...

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