The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-11-07
THE TRUST S I POLICY
The Presidents Probable Recommen-
dations to, Congress This
Winter.
The Cabinet Meeting To-day Con-
,., siders Some, of These
Questions.

F.o,,, tn. Journal Bureau. Room 81. Pos
Building, Washtn0fo''
WASHINGTON Nov. THE cabinet met
to-day for the first time in several months
The meeting was important because the
president for the first time outlined tc
his official family his views regarding
what should go into his message to con-
sress on trusts and other PUBIC ques-
tons. He regards the result OF the cleo
ton as a vindication Of his antl-trus
policy and is said to be considering Il
Recommendation to congress OF an amend
ment to the Sherman law
A wear ago he told congress that the
Sherman law should be amended to reach
the worst evils of the trust organ1za'
lions, The experiences of the past year
and the developments under the prosecu-
tons brought by the department OF justice
against the violaters Of the Sherman anu.
trust law have, it Is understood, connrmeo
the president in his attitude On tnls ques
ton. He is convinced that the American
neople demand further legislation and ne
will not only renew the recommendations
| in his message of last year, but VIII EN-
phasize them and place them hfst.
The president is firmly convinced tna'
| congress has the power to pass leglsiatlo
| in further regulation OF trusts ana ne
| believes it possible for something TO DC
| done at the coming session. Attorney
in his great speech at Pittsburg. Oct. IA
clearly defined the administration at
titude and when he declares that congress
has power to extend the Sherman law sc
as to reach the worst evils OF the trus'
organizations, it is believed ne SPEAKS the
presidents mind and foresnaooWs tne
presidents recommendations. The form
Of this new legislation will be left to the
wisdom and experience of congress. BotE
the president and attorney general have
studied the question:, but neither Will pre-:
| sumo to dictate a bill, although Whatever
measure is acted upon Will undoupteolS
! embrace the administrations views. ms
attorney general is ready to consult WITT
members of the house and senate judi
ciary committees as to the best con-
| stitutional bill that can be prepared
He is convinced that congress can amene
the Sherman law so as to require pup
| lefty and prevent the evil OF over cap
| italization. If, after canvass OF the
| situation, including a proper estimate Of
the democratic opposition, 1T appears tina
! the next session will be too brief to &C.
| cornplish complete legislat ton, 1t Is be-
| lieyed the president will recommend the
| authorization of a commission to, investl
| gate and report bill to the next congress
This idea has been discussed by the presi
| dent with the cabinet and the suggestion
is made that a commission composed o
experienced legislators, constitutions
| lawyers and economists, might present {
more nearly invincible measure thai
would be secured among the dozen O
more bills that individual members Nigh
| introduce. 49,.
| Practically all the legislation in tn
presidents first message was taken car
| of at the long session of the present con
sress, except this question of trusts. On
Important piece of legislation ! whicl
failed was that providing reciprocity witt
Cuba This question will now be handle,
by the state department In treaty whicl
has already been framed and which
in possession Of President Palma at Ha
| vana. The, state. department expect
complete agreement upon that treaty be
fore the assembling Of congress and /
will be sent, to the senate for ratifica tion
i t;.srf; nd H, % w. w. Jermane.