The Birmingham age-herald., 1904-03-17
Does Not Effect Legitimate Ac-
 cretions of Capital.
BROADUS SEES PRESIDENT
Williams of Mississippi Points Out Way for the Republicans of Missis- sippi to Follow Up the Anti
 Trust Prosecutions.
BY WATTERsoN sTEALEY.

Washington, March 16.-(Special )-1n
 the course of an interview on the merger
 cases decision here tonight Senator De- pew of New York, chairman of the board ! of directors of the New York Central. said: "The decision removes the exag-
 gerated perils which created so much
 alarm to the far reaching effect of an
 adverse decision.
 We now see that 1t does not reach and
 disrupt the many long established aecre- tions of different corporations by pur-
 chase or consolidation, like those of the
 New York Central or Pennsylvania rail-
 ways.
 Tt decides simply that a merger upon the lines and of the character of the
 northern securities is Illegal, and there
 will be no unsettling of conditions to the
 detriment of the investing public or the
 promotion of legitimate, beneficial and
 lawful enterprises.
 If there is another northern securities company 1t will be closed up. but 1t must
 be like organization, and as clearly in
 violation of the antitrust law as defined l by the present decision of the United | States supreme court
 Should Follow Precept. | Representative Williams of Mississippi, leader of the minority in the house, said today that in his opinion democrats would | insist that the attorney general, follow ing the precept of the decision in the merger case should look further into all legged combinations of railways and in- dustries. Mir. Williams pointed out that the department of justice has been given by congress $5OO.OOO with which to prose- cute the trusts.
 l According to the report made to con- gress at this session, not more than s25 GOO of that sum had been expended. MT. | Williams thought there would be no ex- | cuse If the department of Justice did not | look into a few other combinations. He | thought for instance it might be profit
 able to ascertain if the steel trust is re- ceiving benefits from railroads in reduced
 rates on steel manufactured for export.
 In fact he could see quite a wide field
 of activity for the department of justice if it cared to look further into combines
 in restraint of trade.
 Soon as the supreme court decided the l case" said Mir. Williams in a speech in | the house today "The attorney general of the United States was interviewed and
 was careful to tell the country that the government would not run amuck against all railroad combinations. Of course the
 attorney general, would not have been
 interviewed unless he had wanted to be | interviewed. nor would he have wanted ] to be interviewed unless he had some ob- | ject in being interviewed and in send l ing that particular message to the eoun- 1 try.
 "The attorney general seems to have | been called on to quiet the apprehen-
 sions of the trusts and combines for fear l they might think the government was | going Into the of discovering and prose- cutting them. miscellaneously without re- gard to political affiliations, or connec- l tions with republican politics The coun- 1 try will wait carefully to see whether this is a new theatrical campaign trick or whether it is the beginning of a gen. eral policy of "shackling cunning now
 as we have in the past shackled force | according to the celebrated utterance of the President.
 First Time in Three Years. Representative Underwood of Alabama does not come under Senator Bailey's
 head of white house congressman" The ! Alabama member this morning presented | to the President Samuel Broadus of ! Florence. It was the first time Mir Un-
 derwood has called at the white house in
 three years.