New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-01-28
WILSON TRUST BILLS
UNDERGO AMENDMENT
Changes Granting Corporations
More LeeWay Agreed Upon
at Conference.
NOT GOING TO PANAMA
President Elect Denies Rumor
Spanish Marquis Says King
Alfonso Cannot Visit
This Country.
rBy Telegraph to Tie Tribune. ]


Trenton, y. j., Jan. IA number of
changes in the corporation bills fathercd
by Governor Wilson were decided on at
conference to-day between the Governor,
Chancellor Walker and Justice Van Sick
el The most important of these changes
is in Senate bill No So which permits
corporation to acquire bonds, securities
or other evidences of Indebtedness Gre
ated by non-ccmpeting corporations in
payment Of debts due from them.
Other changes in the Wilson bill, as ex-
planned by Chancellor Walker. follow:
In Senate bill No. "A, which is the anti
discrimination bill, the one that prevents
underselling in certain localities TO drive
competitors out Of business, the type
writer who struck Off the original bill
by inadvertence left out the clause maxi
ing a violation of the act misdemeanor
although the act itself is a supplement to
the crimes act
I'm Senate bill No 45, which is an
amendment TO Section 80 of the present
corporation law. the provision that cor
poration may purchase property and the
stock of any company owning, mining,
manufacturing or producing materials or
other property necessary for its business
IS changed to read that any company
may purchase property or the stock or
any other company, without limiting ii to
mining companies, etc, only TO prevent
an unfair discrimination against COM
panes that are trading and selling COM
panes and not mining, manufacturing or
producing companies.
"It,is TO be borne in mind that this act
prevents the purchasing of property or
stock by one corporation from another,
unless the property or stock OF the selling
company IS the same in character and use
"a the property utilized by the purchasing
company in the direct conduct of its own
proper business. and provides that GER
tlhcatc of the purchase OF property or
stocks must be signed by the directors of
the purchasing company and filed in the
Office of the Secretary of State, and II Is
further provided that any falsity I'm the
statement is constituted Il misdcmeanor.'
Senator J. Warren Davis the Demo-
cratic leader OF the Senate, who has
charge of four of the Wilson corporation
bills in the Judiciary Committee, said to-
night that any person desiring to be
heard on these bills would be given an
opportunity, as a number Of hearings
would be held IN the Senate chamber.
Governor Wilson made it plain this
evening that he was not considering any
trip to the Panama Canal, the Philippines
or anywhere else. When asked If he an
ticipated visit to the Philippines after
the special session. he said: My thoughts
do not extend beyond going TO Washing
ton and getting down TO business there"
The President-elect's visitors to-day in
cluded United states Senator Thomas, OF
Colorado. and Representative Taylor. OF
the same state, who came 10 urge eX-Gov-
ernor Alya Adams for Secretary Of the
Interior.
\ committee of the National Grange,
headed by State Senator Gaunt, also called
to urge the appointment Of practical
farmer as Secretary of Agriculture. They
presented no names, the President-elect
said.
An interesting visitor this afternoon was
the Marquis de la Nigalmain. who called
OF the Presidcnt-elect as the representa-
tive of Spain to the Panama exposition.
The Presdent-elect said he had asked the
ma <lus If King Alfonso was going to
make visit to this country, and that he
had replied regretfully that the custom
and laws OF his country made 1t impos-
sible The visit of the marquis was one
OF good will. the Presdent-elect said.
The President-elect will take part in a
conference of the Democratic members Of
the legislature tomorrow, and In the
evening will attend the Senator's dinner
Mt Atlantic City. He will return to Tren-
ton on Wednesday morning.
Mr.. Wilson heard to-day Of the suggcs-
ton to hold a reception in the White
House instead OF at the Capitol on the
night OF his Inauguration. but he does not
think the plan practicable.