Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-11-23
100000 WILL
| De ASKED FOR
TRUST INQUIRY
! Investigation To Be Greatest
Ever Undertaken by Govern
ment, Says Davies.
PREDICTS REMEDY AT LAST
Declares Opposition of Wilson to
Monopoly in Industrial Field
Is Well Known.
PREDICTS REMEDY AT LAST

WASHINGTON, Nov 22-Joseph
| E. Davies, Commissioner of Corpo-
rations, declares he will ask Con-
gress for 100000 to defray the ex-
penses of an investigation of the big
interstate corporations which his bu-
reau is about to institute under the
direction of President Wilson. 1t will
be the most extensive work ever UNI
dertaken by the Bureau of Corpora
lions. II Congress appropriates that
amount 1t is the intention of Mr..
Davies to double his present force.
1.-THE investigation" Mr.. Davies
said, will be two-fold. We will make
a scientific study of the question of
monopoly to determine the question OF
fact as to the alleged advantages Of
economies in production by the trust
form of enterprise. The attitude OF
the Democratic party on the question
of monopolies is, of course, well
known, and my own adherence to ths
declarations of the platform never
has been fairly open to question.
Says Evils Exist.
THE Pujo and Stanley committees
Of Congress made exhaustive investd-
cations, as did also the COMMITTEES
on Judiciary of the House and the
Interstate Commerce Committee OF
the Senate, and have demonstrated
that certain evils exist which should
be remedied forthwith. These COM
mittees have given the most care
full consideration to the remedy. In
, my judgment Congress and these
committees will address themselves
to these remedies, and any investiga-
ton which this bureau will make will
not interfere with or delay Congress
In this work
His Speech Misinterpreted.
II regret that my speech at Atlantic
City last month should have been in
terpreted to mean that I believed
Congress should await the deterrni.
nation of this question by the Bu-
reau OF Corporations before acting.
THE other work Of inquiry to be
undertaken by this bureau is the
gathering of Information regarding all
of the large corporations of the coun-
| try. so that 1t will be available in
the framing Of legislation or the de-
termination OF executive action in the
future. We propose to ask the cor
porations to fill out blanks giving all
valuable information about their or
ganization conduct and management
which Is the language employed in
the law creating the bureau
Meant No Reflection.
Mr.. Davies made it clear that he
had not the slightest intention of in
timating that President Wilson's
mind is not made UP on the ques-
ton whether monopolies are good or
bad for the country, nor did he in
tend to reflect on Congress when he
said in his Atlantic City speech:
There is now no governmental or
other agency engaged in attempting
to get scientific information with ref
erence 20 this fact. 1t is character
tstic of the quality of mind of the
President of the United States that
he should desire facts on which to
base his judgment. 1t is the inten-
ton and purpose OF the Bureau Of
Corporations, acting under the direc-
ton of the President of the Unit i
States, to make survey of the ia
dustrial field and an intensive in
vestigation of this subject"
Wilson's Opposition Known.
Mr.. Davies said that the Presidents
opposition to monopoly was too well
known for him to be misunderstood
on that score
The trust" inquiry which Mr.. Da-
vies intends to make will not be con-
fined to an intensive investigation of
one or two corporations at a time,