Items of Interest
Article
Attorney-General Knox in his report concerning trusts and combinations, which represents the general attitude of the administration and is authorized by the President, recommends immediate legislation forbidding all discriminatory practices affecting interstate trade, making them offences to be enjoined and punished; such legislation to be directed against both those who give and those who take illegal advantages, and covering discrimination in prices as against competitors in particular localities, resorted to for the purpose of destroying competition; and the creation of a bureau or commission in the proposed Department of Commerce to secure publicity through investigation of the affairs of the trusts.
Article
During the year 1902 the number of National banks increased from 4,291 to 4,666; the total resources increased from nearly five and three-quarter billions to over six billions—more than a million a day; the increase in loans and discounts was about three hundred millions.
Article
The Powers have agreed to submit the Venezuelan dispute to The Hague Tribunal for arbitration.