The Paducah evening sun., 1910-02-08
WASHINGTON NBHs
CONTINUED from Page one.)


rank with the proposed amendments
10 the interstate commerce law, the
postal savings bank and the meas
ures designed for the conservation
of natural resources. These latter
were promised in the party platform
upon which the president was elect
ed, and he feels that the party is re-
sponsible for their passage at this
sessio nof congress. President Taft
believes there are many things In the
incorporation bill which will COM
mend themselves to the legislators
as they study the measure. He viii
not attempt to influence senator's or
represenativs in its favor. however.
The bill now goes to the Judiciary
committee of congress for perusal
and consideration.
Wall streets Idea.
Wall streets interests inclined at
first To look upon the idea of fed
eral charter with the utmost favor
were rather rudely awakened when
il was learned that the president
would insist that in any bill passed
on this subject there should be in
cluded the provision that nothing in
the act should be construed as ex-
empting corporations from the oper-
alton of the antitrust act.
A great many corporations, II is
said. were looking forward to fed
eral charter as an indication that
past sins were forgotten. provided
that there were no more transgres-
sions in the future. Frank ID. Van
derlip and George w. Perkins OF
New York, who say the president last
week. told him that the corporation
interests were anything but pleased
with the charter of the proposed
measure and hat few, II any, corpor-
atlons would take advantage of the
act.
The president, IL is understood,
one and that the corporations which
one and that the corporations which
did no care to come under federal
control need not do so. lie though,
in time. however. that the simplicity
OF doing business throughout the
country. once the provisions of the
act were complied with, would ap'
peal to the corporations. and that
they would come TO see the many
advantages that the act contains.
wickersham Quericd.
AS to exempting companies witt
federal charters from the operation
of the antitrust law. the president
OF the United States said that wal
impossible. The question as to thu
constitutionality Of the proposed ac
Is a serious one. however. as I
would deprive the states OF any ju
risdiction whatever over corpora
tions holding federal charters.
Already Attorney General Wick
ersham is being piled with inquiries
regarding various features OF th'
bill. lie has explained that th'
organizations whose operations arr
covered by IL are amenable to ma
tional authority. for the reason tina
they thus have but one master a
against forty-six they might have
did repeal OF their charters or punisl
ment for. offenses committed res
with the states. There are mum
ber Of reasons advanced why more
satisfaction may be secured by CIV
ing the federal courts Jurisdiction
Litigation there is usually NOR,
economical. more rapid progress Il
had than in the local courts and a
federal jury is less apt to be liable
to bias and prejudice.
One of the many objections to the
bill has arisen from the denial OF
the right of the state jurisdiction
over the interpretations. but the offk
cials believe that after he law has
had a working chance. II may be pos
sible to modify its provisions so as
to make them less Objectionable
from the states rights point OF
view.
Railroad Supervision.
The proposed law does not con-
template supervision OF railroad cor
porations. as they exercise the right
Of eminent domain. This is mat
ter that Mr.. wickersbam may take
up in the future. Livelier interest.
in the opinion OF the officials. is be-
ing manifested in the bill. This has
been stimulated by the publication
of the various provisions of the