The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1909-08-19
PLANS OF THE
ADMINISTRATION
PRESIDENT TAFT RESOLVED
ON THE SUPERVISION OF
CORPORATIONS.
Will Insist on Congress Ratifying
the Law Governing the Conduct
of Corporations.

Beverly. Mass, Aug. 17.-Attorney
General Wickersham Is expected II
Beverly next week. After his depart
ure the plans OF President TAFT for a
revision off the laws regulating COR
porafions will De we'll under way
They have already been formulated
and Secretary of Commerce and La
Dor Nagel left Beverly cottage with
a clear idea of the presidents pur
poses.
The revision of the corporation
laws will be entrusted to claw com
mission" composed of the two cab
met officers, Solicitor General Bow
ers, Representative Townsend, OF
Michigan, and Interstate Commerce
Commissioners Knapp and Prouty
aided by Secretary OF the Interior
Ballirger. They will make thei
headquarters in New York. Mr.Wlck
ersham rs already there and Secretary
.Nagel will s-ave has summer home
in Marion, Mass, on September l:
TO john hmm.
The Taft plan provided FOR redraft
ing the laws to prevent combina-
tiorls in restraint OF trade so as to
include more feasible method OF as
certaining the business of corpora
tions from their own books than by
the inqtIisTtorial features embodied
in the Payne tariff law for the col
lection OF the corporation tax 1t Is
the purpose OF the present admins
TRITON TO go anto corporation sec
rts legally and with diligence. 1t Is
proposed to draft statute which will
be put up 10 congress as the best
method OF curing the corporate evils
(which now exist and at the same
time protect the legitimate interests
of h corporations,
One result OF the new program
may be to curtaTl the powers OF the
Interstate commerce commission by
making it a judicial body and giving
FITS administrative work to the bureau
OF corporations. This will elevate
this bureau in the department OF
commerce and labor to point near
the department of justice
The bureau of corporations will be
required to find the evidence Of IL
legal combinations, and the depart
ment OF Justice will be entrusted with
the task of prosecution. This work
will b. under the immediate super
VISION OF Wade H. ElGs, assistant to
the attorney general and a close
friend Oh President Taft.
The new plan provides for sound
laws under which convictions can be
obtained. instead OF the old method
by wfioh nearly all prosecution:
failed through technic alities.
During the summer and prior to
Mr. Taft's message to congress tn,
"lafw commission will investigate
its subject thoroughly Trust buster!
as we'll as trust makers will be in
terviewed and their opinions digest
ed. The work will be mo makesl1if
or hasty accomplishment but the ID
ture Judgment OF the soundest think
ers in the Taft administration.
The president and his friends De
lieve they will have no trouble il
getting their program through con
gress. If they encolater dffficultie:
Put IN thenr way by members of TIL,
senate and house who are identified
with the so-called Cannon-Aldrici
crowd, these difficulties will be over
come.
Mr.. TSft's pledges to the people o
the United States to reinforce thu
Roosevelt TRUST policies will be re
deemed by the president if he has tt
invoke all The power at his commanS
TO ovencome amy opposition which
may develop Through friendship o
some leaders in congress for the cor
pOratiorls