The Birmingham age-herald., 1912-07-21
Report of Republicans Will Be More Startling Than
 Democrats
DISSOLUTION NOT
 YET RECOMMENDED
Chairman Stanley Denies Reports That Democrats Have Decided to Ad- wise Disintegration of the
 Steel Corporation

l Washington, July @.-Republican mem bers of the Stanley steel trust investi- gatlng committee worked today on re- port of their views of the results of the steel inquiry and when 1t is submitted to the House it win create more of sensa- tion than that prepared by Chairman Stanley. This assertion was made by a member of the committee today. He said republican recommendations would be more far reaching than those of the democrats and bills to bc suggested to the House would be for constructive leg islation to amend the trust laws rather than censure officials who failed to curb growth of the Steel corporation.
 Much to Praise in Report
 Republicans will find much to praise in the Stanley report but will differ with its ce4icluslons. Findings Of the Stanley faction of the committee will not be eepted by the republicans but some of the Legislation proposed in the Stanley report will be indorsed. Representative Gardner of Massachusetts will resist the sugges- ton of Chairman Stanley that the reports and data gathered by the commissioner l Congress. He fears if the law is changed the bureau of corporations will be unable to get information.
 Representative Gardner will stand by l Representative Stanley on the bill amend ing the Sherman act by putting the bur den on defendants to prove their comb- nation does not cause 'unrea sonable re- straint' of trade. Other republicans will join with Representative Llttleton (demo- craD in opposing this bill
 Representative Gardner is at work on the republican report. He thinks all re- publican members will sign 1t. although they may differ on it's phraseology. It will be submitted to the House after the report by Mir Stanley Is filed The republican views on the steal in- : quiry have been more easily reeonciled than those of the democrats and mem bers of the, minority are confident their , programme will be more acceptable to the country.
 Republican members will not recom- mend the dissolution of the corporation. They say the committee long ago decided pthat move was to be made to embar- rass the governments suit against the steel corporation and they will adhere l to it.
 Stanley Denies Report Chairman Stanley today authorized a denial of reports that the committes would recommend the dissolution of the l United States Steel corporation MT. Stanley declared today he believed that reports given out to that effect had been calculated to affect the New York stock market.
 Stirred by recent publication of what .l.gta t.1 .p the committees report or it's recommen- dations, Chairman Stanley today declared he would no longer be silent ant would from time 10 time give to the public the conclusions of his colleagues on the com mittee.
 The committee, he said, agreed that no recommendation for dissolution would 5e included in the report when the govern ment suit against the steel corporation was filed.
 Some Recommendation
 Some of the things the democratic mem- bers of the committee really have agreed upon are:
 That hereafter records of the commis- sioner of corporations Shall be open to l Congress.
 They will propose to amend the act 1 creating the department of commerce and labor to make the investigations of the bureau available to Congress as well as the President.
 The democrats have agreed to a bill to prevent any stockholdec official of any , locomotive, coal, ore steel company from serving as a director on any Inter state commerce carrier
 Members of the committee practically admit that such a statute will not pre- vent interlocking ownership, although It may stop interlockng dlrectorates of tho big industrial and railroad companies.
 The majority of the committee also has agreed to proposed amendment to section four of the sherman act, giv- ing any injured party the right to sue on an equality with the government 10 enjoiu cons piracy in restraint of trade. As the law stands the injured party may sue for triple damages. Under the pro- posed amendment one would have equal ] right with the government to seek a pre- ventive decree as we'll as the right to l collect damages.
 Littleton Opposes Stanley 1 Representative Littl-son Is said to op- nose the effort of Chairman Stanley 10 write an interpretation of ''reasonable' | and unreasonable" restraint of trade into the law. The proposed amendment as now drawn would put the burden of l proof on the defendant. MT. Littleton holds that would do violence to fundamen- tai law.
 Chairman Stanley says he is sure there is a leak which is vitlatng his report He Is unable to locate 1t. He thinks that plecemea publications of the report in- | dicate an attempt at a bear" raid on steel stock
 To offset that he has decided to issue a summary of the progress of the cofl- mittee when the democratic members re- turn from Seagrt.
 Smith on Panama Canal
 Washington. July 20.--That this gov ernments purchase of the Panama canal zone changed the relations be- tween the United States and Great Britain and superseded the Hay 7 Pauncefote treaty of 1901. and that the i United States now has a right to use the canal as though 1t were an interior waterway was the contention ex- pressed in the Senate today by MT. Smith of South Carolina. The real question. Senator Smith said is whether we shall submit to arbitration that which pertains only to the nations domestic affairs, or by strict interpretation of the Hay lPauncefote treaty establish prece- |