The Sentinel=record., 1913-12-11
ADMINISTRATORS
 TRUST PROGRAM
IS OUTLINED AT A CONFERENCE AT THE WHITE HOUSE TO DIS.
 cUSS PLANS.
Definition of Various Forms of Monop- oIy and Character of Proof Is Set. tied Upon.

Prestdent Wilson's program of anti. trust legislation became fairly well defined today, at the end of a eonrer. ence at the White House between the president and six Dmocrauc mem bers of the house judiciary commit- tee, that Is to undertake the prepara- ton of the administration bills. The measures to be advanced for action at this session will aim at the fol. lowing results:
 Definition of the various forms of monopoly and restraint of trade which would be "conclusively deemed" un- reasonable and in violation of the law
 Placing upon the defendant the bur. den of proof to show that there is no reasonable" restraint of trade.
 Prohibition of interlocking directo. rates between la~ge corporations.
 Establishment of an interstate trade commission, to exercise regulatory powers, make original investigations and aid the courts in carrying ont deerees of dissolution of trusts.
 The details of legislation were not worked out at the White House con ference, nor was a complete under standing reached as to the number of bills which will be pushed for ac. ton at the present session. The pres ident made it clear however, that he favOrs legislation along the general lines of the Lenroot-LaF Toilette brl. which has been before Congress since last June and which was designed to clear up the twilight zone" of cor poration activities.
 This measure was the subject of much of the discussion and members of the committee will take up it's pro- visions for further consideration It would define by law nearly a dozen forms of contracts, agreements, re straints price cutting and the like, the "reasonableness" of which is now left to the courts, but which would be conClusiyely deemed to be unreason- able and in restraint of trade by the proposed new law
 President Wilson's trust conferences of the last two weeks have included long talks with Senator Newlands, Chaiuma nof the Senate interstate commerce committee: Secretary Red field of the Department of Commerce: Representative Clayton and Joseph F. Davies, commissioner of corporations The president will confer again in a few days with Senator Newlands and other members of the Senate commit tee that will handle trust legislation
 The House committee will begin work at once on the preliminary draft of trust bills, but the members will. seek further discussions with the president over the form of the meas ures before completing them for sub mission to the House
 The president emphasized in the conference today the need of lega bounds for business activity that will place the smaller business man upon an equality with the larger, and that will give to the business world in gen. eral a clear. legal definition of tbe. forms of combinations that are un-' lawful.
 Senator Newlands' bM for an inter stase trade commission, also intro duced in Congress early last summer is expected to be the basis for leg station along that line. The presi- dent is understood to favor many fea- mes of this proposed law 1t would establish commission with power| to regulate corporations doing inter- state business. to aid the attorney gen eral in the prosecution of those ac- cused of monopolistic actions and tdI carry ont the dissolution of trusts that nave been decreod as illegal by the courts
 Samuel Untermeyer of New York l v ho acted as counsel for the money trust committee of the House in it's of money trust has met members Of the House interested in trust legislation recently and is i working upon the preparation of bills that probably will he closely studied by the committee.
 
 IMPORTANT NOTICE.