The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-01-04
|V|[ROAD CHIEFS
| MAKE OBJECTION
A Long Conference, Protest
| Irsjnst Further Interstate
VCommerce Legislation.
|tFT SAYS HIS VIEWS
REMAIN UNCHANGED
|s,risI Message on Points in
|Oucstion Will Go to Con-
gress Friday.

DISTINCTION. Jan. &.-FoiloHing
.,.,op conference with presidents OF
E 4 tie great railroad systems OF the
|-.,n. President TAFT late this after
: announced change OF programme
II .. s.ndng of his message dealing
II, ,o,erstate commerce and trust In VS.
|-,,5ments 10 congress.
y message will be split into two
IL. The section dealing with trusts
Il ), sent TO congress Thursday noon,
I. .n,jon dealing with the interstate
|.--,rce law. in which railroads are
,.lr Interested. will be deferred until
|aar. The presidents special message
4 "A, conservation OF natural resources
4 ,uec,ed to be ready for congress on
|Ersy.
IA Mc White House II was announced
Il ,rssident still hoped TO have his mes
II. rtady ior congress on Monday. lt
u, hon his original intention to treat
|r,,brr the two subjects OF interstate
|-rtrce and anti trust amendments. II
n, lid late this afternoon that the
|-saec probsbly would receive greater
lotion il divided into two parts. ncith-
4 more than i0oo words.
Make Pow Changes.
|r a result OF the call OF The railroad
|rsetnlS. IL Was said that only q few
|skl changes would be made in the
|,ssge dcaliug with the interstate COM
|-lr law. and that these would make
= rtsidcnts position more clear.
|fisidonl Taft found the railroad men
|.f consiicratc In presenting their
|rs While dcprccatinE the idea of any
<S2don al all at this time, when, they
Jared conditions in tho railroad and
.lzbial worlds are righting themselves
fr two years OF depression. they did
y .ssk 10 deter tho president from
.fing his message They devoted
|zsslycs 20 more or less specific objcc-
II to ,hc bin prepared by Attorney
|rrsl Wickcrsham. which forms the
|n CT the message.
Presidents Attitude.
|ne president. il is declared, will not
ozpt to force the WickcrSham or any
~ bill upou congress. Bc viii say
Ii messzgc that such q bill has been
Hald and is At The disposal Of con
y. The railroad presidents admitted
II, lhclr objections To the proposed
|.-lHl'lI. ~ ill's. lllftlNNEfN ''pfllil'l''
q we general iu their application TO
j 'fhe amendments. The president.
|rrer. had made his position clear to
?. Morgan in n brief interview last
|'Ay morning Mr.. Morgan, in turn,
|igtd for todav's confcren"" and ad-
.fi,he railroad men 10 conffnc them
|s 10 Suggestions of changes in
rf,fmcnis rather than to an attempt
4 |Eflcnce the president as 10 his gem
course.
What Taft Expects.
~ Tai, has let It be known he not
ID %ili make rccommcnda tons for
|a,sss In The Law. but that hc expects
-rtss 10 adopt The suggestions 1T this
|a and thus carry out tho promises
" Republican platform.
-s. who attended the conference to-
j ssre Presidents McCrca Of The
n spwn ot tho New York Central.
ss ot the New York. New Haven IL
|nor1; Baer nj the Phla dclphia 4,
/tthE and Finley Of The Southern
ny The railroad presidents
eot Lewis Cass Ledyard Of New
Nth lhcm as general counsel. Al
|l,5-eenoral Wickersham represented
"A f7i department Of The government.
IE, m ths changes which President
M.
ns 10 do with the language OF
nopoFed amendrent prohibiting a
.Ra company from acquiring stock
" competing railroad in the future
hm holding stock in "A competing
go after a given date. Jt was
- mat the wording of this pro-
amendment was such that il might
~ TO apply "a lines like the New
a .entral and the West Shore. The
~ N and for
-. YORK Central line. serving yIrtu-
on overflow track9gc system on
'Grm shore OF tho Hudson river.
Must Protect Minority.
AN ss President Taft will suggest
vnus mat where a. railroad owns
~ cent or more OF the stock Of an
II may acquire the remainder.
49,. 49, b SAD. would afford a measure
- iyUcnon 10 minority stockholders.
-isilroad owning The ma lority
no prohibited from acquiring
<A,sJ. inc minority would lose their
T.. purchaser. Whcr" \ railroad
thau the majority of stock in
"A n nne. however. i, win be provided
E.tl.ah acquire no moro.
|-Sk N the interstate, commerce
q" eSn,s VIII he so drawn as 20 legal
no!ning OF stock in q competing
~ ~, me holding of the stock re-
'ion Of the antitrust law.
conference Prolonged.
aenl Taft listened 10 tho railroad
u N" more than two hours He
.rior, ,htormed In advance OF many
~ .hey would make, and he prac-
II ,n,,YI nYIImcd them that. while their
~ eSuuu pc given every consider9 tiou
IA ra, sl wording Of the message. he
III Wy 'ltsr kis basic vccommeuds-
81 Mes'dsat,s proposal Of an inter
ftsr elce court oi fiTe mem 5HTs 10
ln,-.. appeals from the interstate
IA ~ commission with an appeal
IA Ne Ne supreme court OF the United
rsilrnsa particularly objected 90 by
"a lhoe representatives. They de-
2 .ps ,at s me court soon would become
- ursso ssr. Than second commission.
- a. rred To take appeals direct
-. rsr,D,n,p! ,n,p!hnlssion 10 federal courts.
N rm incubation for a court. how
remain IN tn" message
vigorous Objections.
: tsivS iS'',2ad presidents objected most
upo, ',sso. no. To the proposed rcstrlc-
~ sfou .le Issuance OF stocks. bonds
fecom, ,IIn notes. President Taft
h l,s',Hd THAT no such securities
Easl ~ IA the future without tho
,Xstron thc Interstate commerce
Z.o arc L. >" hpoll Il 1n1lnG InSt t1f
Z. ior vt purposes authorized hv inv
and price not less than par fol
.t,, yab'" u", l"ss than the reasonable
: bsly o., claim his restriction NIL
1t rbn ilere with their borrowing
81 Pat oys amendments are designed tC
= ha c,,srlSSues OF stocks and bond.
= Xflti 4, ,'pnl known as watering" j
p,,, said, tho amendment ais,
. -slsiivoa ah end ia what Is known al
stll More Kicks.
! sss ss,oad road presidents objected To tn,
Of smsnd'nent giving shippers TN.
good uns 8 through route fo
~ "''d giving the interstate
''atinued on Page Two,