New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-02-11
TRUST DECISIONS
CAUSE ANXIETY
TIFT AND 4LDRICH
CONFER ON THEM
Su preme Courts -4ction ttM
HAZE Momentous Financial
and Political Results.

ana n OfftfNttt -
Washington. Feb ia conleleHOo
zr,,ic,, Was held at the White House l0s'
night between President Taft ana SCI
60 A16rjch vas only the forerunher q
others in the near future. the OUTCOME
~ ,bi.h probably will be the early ISSUE
tl,,,,,,e-, some appropriate channel ol d
statement dealing with sltoa'loIi ~
: widely discussed here pr1Na'e'''
which apparently nobody thus Id ii'-S
-eene5 il prudent 10 make the suoJe0'
# public utterance-
--,,.- ef+,Ia1iofl relates TO the pOsSlpIe
,.--,,,,,ar,,-es financial. industrial anu
-,,i,fo,i hanging on the decisions OF liAe
-, Court Of the United States III
- ending cases of the American 10
-, .-,n,rsnv and the Standard oii
.--,,,srv Tie former has been afgueu
- e nov in the hands OF the couI''
the latter has been advanced ana SCI iO1
argument Oh March IL
The immediate subject OF last hlsh1
,,,rsro1ce between the President ana
A. A1drfch was The perfection OF lle
s6r7frfst-atic,r1's proposed amendments
10 the interstate commerce law but the
fleets Of the Supreme Courts decisions
In ire tobacco and Standard OIL cases
we're discussed 10 some extent. and VIII
re further discussed after Senator Al
erich returns on Monday from Ne"
York. whittier he went this afternoon
PRESIDENTS SPEECH HERE.
Meanwhile. the President will speak
f- Neu- York on Saturday evening on
tie subject. It Is said. Of party pledges
rr5 how they should be kept He is not
.r--ea1ine his intention TO make the de-
-ls5ors Of the Supreme court the suiuS
- The Governments further action in re-
rzr5 u corporations charged with Nlo-
z.for7s Of the sherman iaw. he makes
r ,,rsir 70 ali irGuirers that he has not
hanged his view Of Dlat in his message
n congress he described as his duty ana
lis purpose TO investigate the conduc' oI
ct trusts. and will not be swerved there
from By rumors or furries or other man
lrestations in Wall street
The general impression here Is lfls'
The proposed federal Incorporation Ia"
all not be passed at the present ses-
zion of Congress all the TAX IS una
,-orahle 70 its substantial progress, ana
~ Taft recently disclaimed any IN
sen7fon Of attempting 10 force It's pas
sspe But. even = it were enacted N
: r-asenr form. il offers. in the oP1n-
IN both OF astute members Of Congress
md II representative corporation men,
no material relief for the CONDITIONS
v1fcs, depend on the decision IN the
s.-f-rrusr cases The bill provides. IN
al 171,r 50 many words, that it shall not
ha construed 10 create q shelter or m
u.rir. for any corporation which mas
Violated the sherman law Nobody mere
shares what appears 10 have been the |
nor1llsr ilnuression-that the proposed
federal INCORPORATION act would afford |
relief 10 corporations. directly or indl- |
rect-y. threatened under possible au- i
verse decision Of the court Of last re-
tort. /
SENATOR ALDRICH'S VIEW
Nor IS other legislation contemplated
which might be expected to relieve the
tension. Senator AIdrich said to-day
before his departure FOR New York:
.Tcsn conceive Of no legislation WITHIN
The rov er Of Congress which can meet
this situation. either in anticipation TO
The Supreme Courts decision or subse-
quent 70 it
Unless. perlla ps. the repeal Of the
Sherman law" the questioner suggested
The Senator smiled grinlly. 1t was
erident that he regarded that as OUTSIDE
the domain of possibility
As for the scope OF the antitrust cases
before the Supreme Court. here Is what
4ttorner General Wickersham said in
connection with his motion TO advance
tie Standard oil case to immediate
hearing
The tobacco case, just argued and
Submitted 10 this court. and the Stand
ard Oil case present TO the court pracu-
oeliv the entire range Of modern indus
trial organization in this country, ana
Substantially, every feature Of the So
called trust problem IN SO far as II IS
affected by the Sherman act II
las been tbs policy of the government 10
select Z few extreme instances of great
combinations apparently controlling the
greater part OF trade and commerce IN
: particular line of industry, and 70 |
make them tests of the full meaning ana
APPLICATION of the statute.
The Standard OIL case is the most i'm
forlant II al these cases, affecting, as 1t
Goes, the widest range Of combinations
ard contracts which may be claimed TO
o1end against the act of Congress IN
eer these circumstances, and as this act,
h rs general scope, affects an enormous /
Number of business and industrial organ
1eoors throughout the country, it is OF
Homentous public Importance that this
cogrt shall define and apply the act in
seIerence 10 this character Of organlZa-
ton
ALL EAGER FOR NEWS.
The 3roverbially delicate relation which
lie market Wall Street and the
financial world generally bear to the