The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-07-21
Stanley Committee Opposes in
Its Report Any Regula-
ton of Prices
INCORPORATION ACT
TO BE RECOMMENDED
First Provision Is I hat There
Shall Be Divorce OF Com
mon Carriers and
Manufacturers

WASHINGTON, July 20.--Squaring
the issues between Democrats and
Republicans. and steering clear
against socialism, the Stanley steel &c
port will condemn fatty any attempt
by the federal government at regis
tratlon OF corporations or control OF
prices.
1t was decided today by the DEM
ocratlc members of the committee
that they would oppose this policy as
recommended by President Taft in a
special message to congress, by COL
onel Roosevelt while president by
Herbert Knox Smith, the retiring
commissioner of corporations, and by
Judge +. II. Gary, OF the steel cor
poration; j. p. Morgan. George w.
Perkins, John u. Rockefeller and An
drew Carengie.
Representative Young. OF Michigan,
ranking Republican member of the
Stanley committee, viii recommend
in his report that congress shall pass
federal incorporation act. He ~
Joined In this recommendation by
Representative Gardner, of Massa-
chusetts; Sterling, of Illionis, and
Danforth, Of New York, but the three
latter are opposed to the extension or
the law TO the fixing of maximum
prices. agreeing with the Democrats
tnaI inns Is NEUTRALITY-SUSPICIOUS. 1h AtiNh
conferwce today. Chairman Stanley
and Representative Littleton fought
out their Democratic differences and
reached as the basis of agreement
these conclusions;
First. That there shall be an abb
solute divorce and separation OF COM
mon carriers from manufacturers.
Second That the Sherman law
should be changed to allow indtvid-
uals To secure inJanctions by bills IN
equity against alleged yiolators of
the Sherman law by which they claim
TO be Injured. This prohibits the
president Of the United States from
debating to the attorney general the
withdrawal OF pending suits against
corporations or noninstitution of
such against them under the Sherman
law. In other words II is intended to
take from the executive the exclusive
control over the initiation or concln-
son OF antitrust proceedings as APP
piled to individual complaints.
Third. That the commissioner Of
eorporations shall be required to :e-
port To the house, as we'll az 10 the
president, the result OF all iiivestiga-
fious into alleged violations by cor
porations Of the Sherman antitrust
law, and that hereafter no bureau
shall be commissioned by congress.
which shall report. solely to the presi-
dent.
As the law now stands congress
may only receive reports OF the re-
suits of Investigations by the bureau
OF corporations when submitted
through the president. ana with his
consent and no power. vests IN con-
gress. under the constitution, 10 force
The president to make report.
All day long Chairman Stanley ana
Representative MARTA W Littleton,
ranresantlnE the divergent views
among Democrats of the committee rs
to the character OF the report 10 tie
made. thresfed out their differences.
Mr.. I.ittieton insisted that no politi-
cal considerations should form par
Of the recommendations TO be mace
In the house. Mr.. Littleton said:
chairman Stanley and / have our
difference In opinion as to the Geo.
nornic condition developed by our in
vestigation into the affairs of the steel
corporafion prior to its organization
,,ys,, y.iY,te tsiage 'gisffsgeTccs age' yFfS
irreconeiliable my judgment Is ina.
we will agree on our report ahu
recommendations as to eSecuus'
enaetments to correct the evils tna'
have grown up through apoSe "a 49,
Sherman law. -
1--WE Democrats are united in THIS
that there have been abuses and tina;
new legislation ~ necessary. We WI
suggest this legislation, and 1t VIII pt
constructive"
The Stanley tentative report Is &C
cepted by the Democrats as a OASIS
for the actual findings Of the com
mlttee when Its report Is mace pun
lie next week.
There has been an agreement
among the Democrats us to the cnar'
acter of the remedial legislation they
will recommend. but the final text O.
the bills remains to be approved
AS heretofore announced By the IN
ternational News Service, and ver,net
by the committee today. there VIII d.
no recommendation In the report @
thu committee for the dissolution @
the United States Steel corporation
because the Stanley committees las
December decided to assist the de
partnent of justice I'm its prosecu
ton.
Chairman Stanley Today was IN
dixnsnt over some recent publication
OF what purported 70 be suesta Stia
sections OF the report. He declared
he would be no longer silent ant
would from time to time give to I'M
nuhlic the correct and authentic con
illusions of his colleagues on the com
mittee.