The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-01-08
Combinations Reported to
Desire Federal Incorpora-
ton Law as Shield.
BILL MUST BEAR
CAREFUL SCRUTINY
Insurgents Viii Oppose Any Fea-
ture Ofering-Lo oPhole TO
BAD Trusts"

A biz fight Is ahead Of Congress over
the question OF euaCtinE a voluntary
national incorporation. law The Inol-
cations are nat the controversy over
this measure which the President has
proposed in his recent special message
VIII Be- much more animated and in
tense than over the Presidents pro
posed railroad legislation
Thus Ear, there has rot heen q COM
pEete capitalization OF sentiment about
the legislation recommended BY the
President. But the indications ROW
are that the railroad legislation pro-
posed will go through without serious
opposition. except as to details OF the [
bill which Attorney General Wicker I
sham has prepared
The Senate and House leaders IN view I
Of strong political eligencies, have de-
teEninsd 10 support the AdministTa-
tons bill for The strengthening OF the
interstate commerce laws. And while
there are q number OF the insurgents
OF proE-essives who believe the leEis-
lEti0n On railroads and other carriers
does not 20 as Tar IS II would be
advisable 10 90. most Of them recognize
tsat what the President recommends, If /
properly fashioned into law would be a
long step in advance. a. they VIII.
after trying 10 make the railroad bill as
strong and stringent as they can, vote
To Be Scrudnized.
Some features OF the railroad bill viii
receive especially close scrutiny from
The more radical and progressive Repub-
liCsus- For instance every provision as
TO control Of the capitalization Of com |
mon carriers viii be subjected to rigid
examination Efforts viii be made 10
see to # that the provisions as TO CAPT
talization control are such as 10 eX-
Clude Uuearned Increment as a basis for
capitalization. and such as 10 prevent
Capitalization OF surplus earnings The
capitalization features OF the interstate
commerce measure the proposition to
allow railroads 10 make traffic agree
ments. and the interstate commerce
court are the features OF the proposed
railroad legislation which VIII be most
discussed
When it comes to the national incor-
poratiOn measure il VIII have CANT
let Of a severe sort 10 run. The bill pre-
pared for the President by Attorney
General NViCkeTsham is for Voluntafv In
corporation To this idea OF voluntary
incorporation there Is much objection
n Congress II viii be commended by
many members that there should be
compulsory corporation or compulsory
Federal licensing But If a voluntary
incorporation measure has the stronger I
support. as II is likely 10 have there
VIII arise the highly important ques-
ton OF how stringent It's provisions
here IS likely 70 resolve many bitter
fights The whole fabric Of leEisIa-
ten on this. question may split right on
this point
Consulted By Taft.
Some Of the members Of Congress who
have been consulted by the President on
national Incorporation think the bin
drawn by Attorney General Wicker
sham would allow the national incor-
porstion Of 2 number Of big combina-
tons, which are now looked on as
amenable 70 the Sherman law and as
bad trusts They think IL would give /
refuge 10 some OF these combinations (
and allow them 20 escape from under
-ha provisions Of tzle Sherman law ANY
FEATURES Of the national fucoruo-arfoTr /
OH which are In any way open 20 this
suspicion viii be bitterly opposed The
NuoLe LnSuTgenr strength in House and .
senate VIA be thrown against them
ABOUT DoLh House and Senate there /
IS strong suspicion i0 many quarters I
Lhat somewhere In the background Of (
the movement for Federal 5-~orn7-atfr-7 /
WIl be found such combinations or
EnonopollStlc agEreE cations as the Stand i
ard Oh Company the SUGAR rrr-sr ~. 4
TOBACCO trust, and others that might he 4
named and that they are r--,i7-r- -
see national Incorporation law 50 faer-
loned as TO enable them TO Eet in m 4
II goes without saying II is not fba
purpose OF the AdruiuISr~ ration, r., -,o--,---- 4
anything Of that sort BIT on rHc o--e
Lanls me measure VIII have 10 no fash /
loneo with the utmost care 20 rrever- 4
MS especially after II has been in the /
House and Senate IOng enough -, ~ 4
EApCSs0 70 the injection Of iCEers from
Various sources That the friends ia
congress OF the big condensation viii
aLJeInpL 70 make the measure inclusive .
enough 70 allow many OF these com bfrYa-
Llons 10 get into a warm. safe and
comfortable rOoSt away from the IN
clemency Of the Sherman law is 10 be .
q expected
( So far as the House and Senate in
}SuESeLlLs nave n program. they are re-
solFed IlaJ they VIII support those
: 7 nzSeS OF the Administrator hills that
tthey deem progressive. but that thew
VIII oppose any details which they 40 4
not consider SO And the- are TfIzzTz- - .
n especially critical Of the national in
corporation measure
One OF the reasons why national In
corporation or any LEGISLATION touching 4
corporations Is looked on with much .
doubt BY Congress Just now Is that the J
ciusiOn the attacks on q number of the
otE coTnb11ations. For instance. the /
Standard OIL Company is getting into
close straits and Is threatened with dis
solution and the Tobacco trust IS in \
like difficulty. One can hear uTpnrv OF I
talk about the Capitol that such mOuoD-
olieE as these are hunting high and low
fOr q. refuge and that Il Is a time when
especial care must be exercised on leEis-
tafton touching the trusts
SPANKS THE GIRLS.
TRF0-UON- I'm & --~--,--r --.---F-Y,