The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1912-07-21
WILSON'S VIEWS
PART OF REPORT
Stanley Committee to Incorporate
His Ideas on Corporate
Regulation.

His Ideas on Corporate
Regulation.
OPP0SE THE GARY PLAl
Woodrow Wilson's views on the SUD
ject Of the regulation Of interstate cor
poretions will be presented in the re
port to be made to the House Of Rep
resentatives by the special committee ap
pointed to inquire into the activities o
/ the United States Steel Corporation
Candidate Wilson believes that the Sher
man antitrust law. with certain amend
ments that will be recommended In tn
Stanley report. will prove effective II
eliminating recognized evils In corporate
management. Through the medium o.
the reports to be made by Chairman
Stanley and his Democratic colleagues OF
the Steel Committee. and the Republican
members Of that organization. the att
tude of the two parties on the trust ques
ton will be outlined for the benefit OF
the country. Briefly stated the Demo
Gratis will take this position:
That the corporations shall be regu'
lated through the strict enforcement OF
the law; that the Sherman act is ef.
fective as far as II goes. but that II
should be supplemented in certain i'm
portant particulars. The Democrats
are unalterably opposed to the Idea
advanced by Col. Roosevelt. Judge E
H. Gary, &c ,rge W. Perkins. and Others
that the in iustrial corporations should
= he ayr,o n n
troll that is exercised by the Interstate
Commerce Commission over the rail-
roads of the country.
The Republican attitude toward the
trusts" will be outlined by Represent
alive Gardner of Massachusetts,, one
of the minority members of the Steel
Committee. in brief, as follows:
Gardner's Views.
That interstate corporations shall oper-
ate under Federal charters of incorpora-
ton as proposed in special messages to
Congress by President Taft: that the
time has arrived when industrial corpo-
rations should be brought under as close
governmental supervision as the railroads
OF the country.
1t is the understanding that the Gard
ner report will reflect the views of the
be placed before the country as the Taft
side of the story in the presentation OF
the trust question in the impending cam
paign.
In a word. the Democrats will advo-
cete regulation Of the corporations by
means of the antitrust act. to be
strengthened as they will indicate, while
the Republicans will suggest the creation
CT a new agency in the form Of a COM
mission to exercise Jurisdiction over the
big combines
Woodrow Wilson, Speaker Clark. and
Leader Underwood. have been consulted
concerning the trust programme to be
laid down in the Stanley report. These
three distinguished leaders have approx
ed 1t. according to a statement made
by a prominent member of the COM
mittee. This member stated further that
while there was some disagreement
among the Democratic committeeman as
to certain other features Of the report
that all the Democratic committeeman
are in accord as to the recommendations
to be made on the trust question.
Oppose Gary Theory.
1t was pointed out yesterday that the
Stanley report will place the Democratic
party on record as opposed to the theory
Of Judge Gary, Mr.. Perkins, and others
that the era Of competition has passed.
and that all business should be regu-
lated by the government to the extent
Of fixing prices on all commodities.
The Democrats will take the position
that tine destruction Of competitor would
be a bad thing for the country. and that
to destroy it by legal forms would be
step In the direction Of socialism.
Mr.. Stanley and his associates propose
&aIra k..,, IL. - h.
and they are apparently convinced that
this will be the big question of the cam
paign of this year.
The report Of the Republican members
Of the committee Is now being framed
It Is practically completed. Republi-
can committeeman said to-day that the
of himself and his colleagues
would undoubtedly prove startling to a
good many people, and that It would pro-
pose charges in present law more radical
than the recommendations to be made by
Mr.. Stanley and his Democratic COL
leagues on the committee.
Mr.. Stanley authorized the statement
that the report will recommend
that the so-called secret agreement be-
tween the trusts and the Bureau OF Cor
poratione, by which "confidentiar' re-
ports Of their business are given by large
to the Federal bureau, shall
be abolished.
Stanley Makes Statement.
I'VE will insist" said Mr.. Stanley.
that all reports and documents which
are given to the Bureau of Corporations
shall be also available for every legisla-
i've branch and purpose Of the govern
ment. We will recommend an amend
nent to the law creating the Bureau of
that the bureau be required
70 submit all reports to Congress as well
Is to the President. Now the bureau re-
ports alone to the President, denying
access Of Congress or its committee to
he Information"
The section of the Stanley committee
-eport which Is aimed at the interlocking
II State corporation directors with rail-
Dads reads as follows:
mo persons who are engaged as an
Individual or member of partnership.
,oration In business, In whole or in part
,ars, locomotives. rails. or structural
,teel, or in mining or selling, coal shall
let as q director or other officer or en-
,loye of any railroad company which
conducts an Interstate commerce BUSH
,ess~
Chairman Stanley and other members
II the committee are much upset over
he premature publication" Of certain
eatures Of the report. They charge
hat there IL q leak In the committee,
md that those responsible are unloading
he report piecemeai to- influence the
took market.
rh. Keyo Free School. Of Toxic fake.