The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1911-12-06
TAFT UPHOLDS SLEPT IN BED
TRUSTsLAW IN 4 FIRST time AT
HOUSE MESSAGE ORPHANS HOME
Indicate. oppo,on 70 Repeal Little Arthur Once Tramp Now
Or Amendment Of Sherman Respected Resident OF
Statute - Qldren's Home
URGES FEDERAL REGULATION TOTAL PASSES 500 MARK
States He will Send Other Employee. OF Department Stor,
Message To- Congress Give sls.25 II Less Than
Before Holidays Hall Hour
Indicate. Opposition To Repeal
Or Amendment Of Sherman
Statute
URGES FEDERAL REGULATION
State. He Win Send Other
Message 70 Congress
Before Holidays

II kaA x .
Washington, Dec. g. President
Taft's third annual message to Com
grcss.. devoted exclusively to the
Sherman antitrust act and the trust
question in general was read In
Congress today IL
The President defended the .Shsr-
man act as Interpreted by the Su-
premc Court Of the United States,
indicated plainly his opposition to
the repeal or amendment of this
statute, but suggested that Congress
pass federal Incorporation law
ana supplemental legislation that
would describe and denounce meth-
ods Of competition that are unfair"
To supersise corporations char
tered under federal law. President
Taft proposed the creation OF an ex-
eeutlve bureau, or commission, with
rover akin to those of the Interstate
Commerce Commission. n
Speaking of the much discussed
dissolution OF the Tobacco trust. the
President declared that in his opin-
ion mot in the history of American
law has decfee more effective for
such n purpose bcon entered hy q
court"
Y isorti6nsg Of hts message Of Jam
nary 1910 proposing federal incor-
pofation were referred TO In this
message,
Reviews Trust Recommendations.
~ renew continued the Presi-
dent. the recommendations OF the
enactment of general law provid-
ing for the voluntary formation of
corporations to engage in trade and
commerce among the states and with
foreign nations. 1t Is even more
manifest now than IT was then that
the ,denunciation Of conspiracies III
restraint of trade should not. and
does not. mean tho denial OF organ
izations large enough to be entrust-
ed with our interstate or foreign
trade. 1t has been made more clear
now than IL was then that a purely
negative statute like the antitrust
law, may well be supplemented by
specific provisions for; the building
up and regulation of legitimate ma
tional and foreign commerce.
The supplemental legislation the
President desires is explained in a
paragraph. "1rhe attempt and pur-
pose to suppress competitor by un-
dcrselling him at a price SO TN
profitable as to drive him out OF
business, or the making Of exclusive
contracts with customers under
which they are required to give up
associations with other manufactur-
crs and numerous kindred methods
for sitting competition and effect
ing monopoly, should be described
with sufficient accuracy in crimi-
mel statute on the one hand to en-
able the government to shorten it's
task, bp prosecuting single misde-
meanors instead Of an entire .con-
spiraey,' and, on the other hand, to
y serve the purpose OF pointing out
more In detail to the business com
munity what must be avoided"
Asks Federal Incorporation.
Mr.. Taft did not attempt to set
forth the details Of the. federal in
corporation act he recommended but
suggested that combinations Of capi-
tai allowed to become federal cor
porations should be subject to rigid
rules as tos organization and proceed.
urc. inclnding effective publicity,
and to the closest supervision" as
to stock and bond issues by the pro-
posed executive bureau or commiss-
ion In the Cofmerce and Labor De.
partment.
Federal incorporation, the Presi-
dent declared, would not exempt any
concern or it's officers from prose-
Sutiou Under the Sherman act for
= illegal acts. Such an act. could be
framed so as to prevent "vexatious
and unnecessary invasion NY the
states" but yet permit control by
the states with respect to purely To-
cal business The courts should be
empowered, the President said. to
invoke the aid Of the Bureau Of Cor