The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-11-15
BY Associated Press.

Washington, Nov. 14.-President
Taft is not inclined to approve any
amendments to the Sherman antitrust
law unless it becomes apparent that
congress will not pass the federal in
corporation act. The president indi-
Gated this today. Taft is anxious for
legislation to clear UP the situation
for business men so they may realize
exactly where they stand, but made it
plain he preferred to see changes in
the regulation of commerce accom-
plished through federal charters,
which could provide for corporations
of certain defined limitations. He let
it be known if that is impossible he
would endorse amendments to the
Sherman law pointing out specifically
what big business may not do.
WILSON MAY RESIGNS.
The president met his cabinet today
for the first time in three months.
Secretary Stimson was the only mem
Der absent. The head of the war de-
partment is in Kansas City, Mo-,
where today he made an address on
the Panama canal.
The reassembling of the PRESIDENT s
official family gave recurrence to the
runlors that Secretary Wilson is soon
to resign.
This is generally believed to be true
anu III OIuCldl Circles SIdIeu the
secretary of agriculture is only de-
laying the announcement of his resig-
nation until President Taft decides
upon another man for his place.
1t is said the portfolio has been
offered to at least two men prominent
in scientific agricultural work who de-
clined it. Today's meeting was large
ly devoted to consideration OF fns.
presidents message to congress and
Official reports of the cabinet officers.
The presidents recommendation to
congress for supplementary antitrust
legislation, probably along the lines
of federal Incorporation act, will be
formed after thorough conferences
with Attorney General Wickersham.
1t is understood the presidents ad-
visers today pointed out that the
work of the coming congress would
center upon two main issues-the
tariff and the trusts.
With Democratic leaders declaring
for some readjustment of the Sher-
man law and the Republican insur-
gents declaring for some affirmative
legislation to point out the paths for
the legal conduct of big business, the
presidents, close counseIlors seem to
favor some legislation which will per-
NIT buiness' to go ahead and know
where it stands.
Attorney General Wickersham, at
the presidents direction, prepared the
federal Incorporation act which was
offered to. congress two years ago.
Whether the president had directed
him to prepare a like measure for the
coming congress Mr.. Wickersham
would not indicate.
1t became known today that a de-
cision in the first National City Bank
case would be. made known soon by
the president, although steps have
been taken to dissolve the relations
between the bank and the National
City Company.
Certain presidents of the western
banks, particularly a Chicago group,
are reported to be insisting that the
legality of such. corporation as the
National City Company be fully de-
termined before they will give their
full support to the Aldrich plan of
currency reform.
1t is understood Attorney General
Wickersham has reported to the pres
fdent that the present action of the
National City Company in disposing
of certain of it's bank stock holdings
does not eliminate all the conditions
which he criticized in his investiga-
tion.