The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1907-11-09
PRESIDENT URGED TO CALL COX.
GREss TOGETHER.
High Financiers Now Ready for
Federal Control Recognize
= Only Way to End Crisis Il to
kemoveSuspicion of Corporate
Crookedness.

washington, Nov. Alt is learned
here from undoubted sources that
PRESIDENT Roosevelt is now being urged
10 call an extra session of congress.
The request comes from and repre-.
SCENTS the Judgment Of conservative
leaders In the financial and business
world, who have represented the pres
ent situation as one compelling action
OF character that will eradicate all
ground for suspicion of American in
dustrial msethods. The president has
Deem assured fromg most reliable sour.
ces that there will be no opposition on
the part OF the great industries of the
country to the enactment of the neces.
sary laws to carry out his ideas of fed
eral control to the extent to- which he
mas expounded them in his recent pub
lie utterances.
10 this end it is suggested that the
president set congress to the task, first,
OF making such amendments to the fin
ancial laws as will result in the maxi
mum OF fexibiilty with the minimum
OF basic change in our system. Next,
and perhaps most important, that the
president embody his suggestions on
corporation control into succinct rec
concentrations for enactment into law.
In this connection attention has been
directed to what the president said at
Provincetown, Mass, August 20 last:
II believe in national incorporation
law for corporations engaging in in
terstate business. believe, further
more, that the need for action is most
pressing as regards those corporations,
which because they are common car.
riers exercise a quasi-public function
and which can De completely control
led in all respects by the federal gov
eminent, by the exercise of the power
conferred under tho interstate COM
MERGE clause of the constitution. /.
The National government should exer-
else over them a similar supervision
and control to that which it exercises
over national banks. We can do this
only by proceeding further along the
lines marked out by the recent nation
al legislation.
almost every big concern is en-
gagged in interstate commerce and
such concern must not be allowed,
by dexterous shifting Of position, as
has been too often the case in the past,
to escape thereby all responsibility
either to state or to nation"
To meet his views, the president
then suggested amendments to the
Sherman antitrust law and the adop-
ton of q criminal clause to that and
the interstate commerce regulations. :
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
in the matter.
Failing in obtaining an extra session,
those who made the appeal for it have
presented an alternative, or an addi'
tional request, that the president shall
make public statement Of the assur'
ance he feels in the sound condition
of public credit. This has met with
measure Of opposition from the ad'
ministration's advisers. Both suzges'
lions are still matters of consideration,
although no information whatever II
obtainable regarding either directly
from the White House.