The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-11-12
HOW WILSON
FEELS ABOUT IT
Presidents Trust Policy Civ
en- Out and Will be Taken
up Soon by Con-
gress.
uu rc Hrom ArDArr
HE IS NOT AFRAID
Does Not object to People Getting
Rich From Conducting a
Business on Pru-
dent Basis.

UNITED Press Leased Wire Service.]
What the Wilson Trust Policy viii
Comprise.
Specific definition of just what con-
stitutes a trust
Prohibiting merging of corporations
which would give the new concern a.
monopoly in it's field.
Prohibiting interlocking direcoratesl
and stock ownership in rival concerns
by corporations.
Regulating stock issues SO that wa
ter cannot be injected into corpora
tion stock SO that new combinations
can be MIXED by promoters who un-I
derwrite new issues.
Making guilt personal, 80 that di-
corporations shall be punishable rof
| violation of antitrust laws and pro-
/! viding for prison sentences and not
money fines
| Prohibiting discrimination in rates,
prices, etc, to crush out the existence
! Of rival corporation.
! Prohibiting the issuance of fictitious
4 stock and prohibiting the buying by
corporations Of rival factories merely
to close them UP to keep their product
4 from the market.
Possibly explicitly exempting mutual
arru ,s0ok 80 20 ,f,Y.c ND q Ir0r
! unions from the provisions OF the law.
4 by John Edwin Nevin, Staff Cores
j pondent OF United Press.1
/ WASHINGTON, Nov. 12. With a
certainty that currency legislation
j will soon be ready for his signature,
4 President Wilson today turned to his
!, trust policy This will be the all over.
J, shadowing issue Of the regular session
8 OF congress. The president will devote
) the major portion of his annual meS
!, sage to this problem. he has told a
the last few days that the antitrust
bugaboo must be eliminated for all
time The big corporations Of the
country, he believes, are ready to &C
ahead and do business under the new
, tariff bill but they want and they
have, the president thinks, the righl
to expect that they will have defined
for them how they can operate ane
whether they are to be limited by ,
series Of new laws.
!, To every single one Of his visitors
the president has insisted that the fac
of billion dollars is no reason VIII.
. anyone should fear it. To one visito
he said; II am not objecting to tn
size of the enterprises. Nothing is br
enough to scare me. / am not object
ing to the size of the business an
least of all am not objecting to pee
y pie getting rich from conducting bus
o ness with prudence. What am goin
to object to, is that the governmen
should protect and put them on tn
same footing with Others"
a The keynote of antitrust equalit
it for every one under the law, smalles
y as we'll as the large producer TIL
IS president has told men who will hal
die his legislation-Senator Newland
and representative Clayton-that b
wants the republicans taken into thei
confidence. He insists that while tn
democracy by reason of being in COZ
= troll of congress must assume respol
:, sibility for iniating legislation, it mus
= make legislation so broad that it ca
" bid for opposition support in enactin
st 1t.
or In many respects the propose
n TRUST legislation will follow the lint
q of the so-called Seven Sisters" la
IN Of New Jersey. When Wilson realize
la that his home state was the moth,
.. of trusts he called into consultatic
a. some of the best lawyers in the cou
- try. And by their legislation, th,
solved the trust problem, it is adm
ted. So the national laws will
o framed on this "bone skeleton broa
IT, ened out to meet the exigencies of Il
IL larger
NJ A trust will be specifically desi
n mated as an agreement between &C
es poration firms or persons to "crea
10 or carry out restrictions in trade or
to acquire monopoly in trade or col
u merce; to limit or reduce productio
lc- merchandise or commodities; to pr
US vent competition through agreemen
hit to fix specific prices for the sale
to merchandise and fix penalties f
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