The Brandon news. (Brandon, Miss.) 1892-1961, 1907-11-07
EXTRA SESSION
OF CONGRESS
TO DEAL WITH THE FINANCIAL,
SITUATION.
BY CONSERVATIVE LEADERS
Represent Present Conditions as Com
polling Action to Effectively Eradi-
cate ALI Ground for Suspicion Of
American Industrial Methods.

undoubted sources that President
Roosevelt is now being urged to call
an extra session of congress to deal
with the financial situation. The re-
quest comes from, and represents the
judgment of the conservative leaders
in the financial world, who have rep
resented the present situation as one
compelling action of a character
which will effectively eradicate all
ground for suspicion Of American in
dustrial methods.
The president has been assured
from most reliable sources that there
will be no opposition on the part Of
the great industries of the country
to the enactment Of the necessary
laws to carry out his ideas of federal
control of the extent to which he has
expounded them in his recent public
utterances.
The assurances are made at this
time to avert what has been repre-
sented as the most dangerous situa-
ton which has confronted the coun-
try during an extended history per-
iod. Also that seemingly growing lack
of confidence based on known irregu-
larities in business methods in some
quarters, and to insure speedy means
of separating the good from the un-
sound.
To this end it is suggested that the
president set congress to the task,
first of making amendments to the
financial laws as will result in the
maximum, of official ability to deal
with the minimum Of basic changes in
our currency system. Next and pos
sibly most in Importance that the
president embody his suggestions on
corporations control, into succinct rec
concentrations for enactment into law.
In this connection the presidents at
tention has been directed to what he
said at Providence, Mass, August 20
last.
II believe in national incorpora-
ton law for cororations engaged in
interstate business. believe further
more, that the need for action is most
impressing as regards those corpora
tions, which, because, they are COM
mon carriers exercise quasi-public
function and they can be compelled
controlled in all respects by the fed
eral government by the exercise of
the power conferred upon the inter-
state commerce clause and if neees-
sary, under the postroad's clause of
the constitution.
The national government should
exercise over them similar super
vision and control to that it exercises
over the national banks. We can do
this only by proceeding further along
the lines marked out by the recent
national legislation.
"Almost every big business con-
Germ is engaged in interstate COM
merce and such concern must not be
allowed by dextrous shifting of pos
ition, as is too often the case in the
past, to escape thereby, all responsib-
ility, either to state or to nation
To meet his view, the president
then suggested amendments to the
Sherman antitrust law, and the add
ton Of a, criminal clause and to that
end the interstate commerce regula-
tons. The benefit Of having federal
legal machinery to- detect and eradi-
cate unwholesome business methods
at this time was said to be the desir-
able end to be accomplished. This
would mean, it is pointed out, prac-
teal wiping off of the slate and a
starting afresh under business con-
ditions, which would have, and which
could bear the closest public scrutiny.
That the president has given the re-
quest for an extra session careful con-
sideration is indicated by those who
have been asked to lend their advice
to the matter. That the information
as to existing conditions is not alarm
ing, has been the continuing assur-
ance which has come from the govern
ment's careful observations. With
this in view the president has been
told that the call for an extra SEES
sion Of congress might have the re-
verse effect from that desired by
those who are urging such action
and that it would tend to emphasize
in the public mind an apprehension
Of unfayorable conditions which do
not exist.
Failing in obtaining an extra SEES
sion those who have made the appeal
for it, have resented an alternative
or an additional request, that the
president make public statement Of
the assurance he feels in the sound
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