New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-22
CONGRESS TO FOLLOW
WILSON'S TRUST Tip"
Democratic Leaders Study His
New Jersey Bills as Basis
for National Laws.
TO ACT IN EXTRA SESSION
President Elects Anti Combi-
nation Ideas To Be Adopted
When Revision of Sher-
man Act Is Taken Up.
From The Tribune Bureau.

From The Tribune Bureau
Washington. Jan. 2l.-Construing
| President elect Wilson's plans for the
regulation Of trusts in New Jersey as
a tip 10 the National Legislature,
Democratic leaders Of the House stud
! led to-day the substance Of the Gov
( errors bills and declared they would
! form the basis Of legislation supple
mentarv 30 the Sherman antitrust law.
which will be considered during the
! extra session.
Representative Clayton, chairman of
the judiciary Committee Representa-
! tive Adamson, chairman Of the Inter-
state Commerce Committee, and Rep
rcsentati,e Stanley. chairman Of the
recent steel investigating committee
and author of three bills 10 cure the
trust evil. all agreed that the Wilson
bills were worthy of emulation by
Congress
I Mr.. Clayton. whose committee Will
begin consideration of proposed amend
| ments TO the Sherman law when the
Democrats come in full control Of the
gov ernment. said without reservation
tonight that the Wilson bills are ex-
ceient and will undoubtedly be closely
followed when the House undertakes
its revision Of the Sherman law"
Representative Stanley took great
personal satisfaction" in the fact that
the Presidents views on the trust ques
tion are in substantial accord with
those have held for years with the
provisions OF the bills introduced IN the
House. following the investigation Of
the steel committee"
! Calls Commodities Clause SHAM"
Mr. stanley appeared before the In
q tcrState Commerce Committee to-day
! in support Of his bill TO prohibit indus
I trial corporations from owning stock in
! or controlling common carriers. He
/ characterized the commodities clause
, iu the existing interstate commerce act
rs sham" and asserted that the en-
actmcnt OF his measure would rob the
/ plunderous corporations Of their tools. "
In discussing the measures intro
duced in the New Jersey Senate yes
I tcrday. with the approval OF the Presi-
dcnt-elect. Mr.. clayton said:
J Governor Wilson's antitrust bills are
. excellent. ! believe that his proposals
I regarding the state regulation OF trusts
may be applied nationally As well-that
4 is. in their substance. There may he "A
d fow minor features which would not he
: included in a general law, hut IN the
main tho Wilson plan furnishes US a
most excellent example for supplement
, tsry legislation To the sherman anu
! trust Law. You may put that as strong
! Iy as you like. and | am glad 10 have
/ had tho advance Information a. 10 the
new Presidents general trust regulation
! ideas. ,
am certain the New Jersey bills Will
: be consulted when We come 70 frame
/ supplementary trust legisla tion ana
4 thai Congress will embrace the majority
] Of thu ideas now advanced by Governor
Wilson FOR use M his state.
/ Commerds Wilson's Example.
Representative Adamson also COM
mcnicd favorably on the Wilson plan
and Democrats generally seemed in
/ clincd to fall in lint and follow the
move Of the New Jersey Executive.
/ said MIR. Adamson:
If Governor Wilson can purify New.
/ Jersey ne viii immortaliIc himself. IT
n" can curiail the cmiSSdri"- OF cNll
sent out to pcstcr the people of tins land
under the authority of stat" laws of IN
/ c0ruo-atiou he Will be enrolled IN me
| list of our great patriots State incor-
pOration laws are responsible Tor many
Of our present day problems. Governor
" ilSon is proceeding III the right dlrcc-
ton.
II the Governors Of other states would
do likewise and advise the enactment or
lcgislation such as Mr. Wilson proposes
Congress would not have to sit in SOS
sion eternally, spending 81 .000. 100000 a
year Effective regulation of the prac-
tees of corporations by the states would
take great burden of the federal gov
eminent II New Jersey can tako the
lead in such a reform, what possible eN-
cuse will there he for any other state 10
hold back:
Members OF the House Judiciary
Committee have abandoned plans Ia
begin trust hearings during the present
session Immediately on the convcning
Of the new Congress. however, the
committee will begin its probe. for the
expenses Of which 10000 has been APP
propriatcd. and Governor Wilson's
Tip" is going TO play an important
part in the Democratic scheme OF trust