The Washington herald., 1913-01-10
WILSON PLANS
TO GUST TRUSTS
Bills Providing Drastic Regu-
lation Of Combines Meets
President-elect's Favor.
NAMES PERSONAL ESCORT
Essex Troop of Cavalry to March in
Parade-Students Accompany
Party to Capital.

Trenton, \. J., Jan. 9.-President-elect
Wilson had an important two-hour con-
ference this afternoon with Senator
D'Gorman of New York and Senator
Culberson of Texas and at its cOnclu-
sion the President-elect again declared
that William ]. Bryan's name had not
been mentioned in connection with the
Cabinet The President-elect said that
Mr.. Bryan's name had come up casually
from time to time. but he was more
than ordinarily specific in his declaration
that 1t had nothing to do with the Cabi-
net.
Another important development of the
days work was that the Governor had
approved a series of corporation bills
submitted by Judge Van Sickel and
Chancellor Walker, who constitute a
committee that the Governor some time
ago asked to investigate this subject
and draw up what they regarded as
necessary legislation, conforming. of
course. to his expressed Views. These
bills. the Governor said, will have the
effect of increasing the number of Of
fenses designated as misdemeanors.
which are punishable by an optional
penalty of fine or Imprisonment.
The Governor has accepted the Essex
troop of cavalry of Newark, as his per-
sonal escort at the inauguration. but he
has also expressed a wish that place
be found in the line of march for the
1000 Princeton undergraduates, who
have expressed a wish to accompany
him at the Inauguration. The only rea-
son the students could not be designated
as his personal escort is that the rules
require a mounted military organization.
The students, however. will act as an
escort from Princeton to Washington.
does TaILfnp
Senators OGorman and Culberson de-
cllned to discuss their conference with
the President-elect. Gov. Wilson pre-
fers to give his own version of these
conferences. He said:
Il sought their opinions about num-
ker of names for the Cabinet. We had
branch excursions over good stories all
along the roadway, most of them per
sonal in character and it would he lit
tie delicate to repeat them
The Governor here took occasion 10
pass some CauStiC criticism upon those
who have asserted thai differences had
arisen between him and William G Nc
AGoO and William F. McCombs. who in
a way. divided the management of his
Presidential campaign. Mr.. MCCombs,
the national chairman was i'll for a Tins
and Mr.. MCAdee assumed his duties
during his absence. The Governor let
It be understood that he is on the closest
possible terms of friendship with these
gentlemen.
In the morning the Governor had re-
ceived from Judge Van Sickel and Chan
Cellor Walker, the corporation bills they
had been asked TO draw up. He was
asked about these.
The new bills have to do with the
issuance of stock and the formation OF
holding companies" he said.
will they prevent entirely holding
companies in the State"
II hope So" was the reply. That is
their purpose.
"What penalty is provided for viola
.icn of these proposed laws"
They are all of the same character
the kind that are on the statute books
low. Offenses are made misdemeanors. -
Blows to Corporations.
The statute on the subject uses ''or
instead of and" so that it will be op-
tional with the court whether the official
of a corporation convicted of a violation
OF the corporation laws is sent to jail
or merely fined.
The law prohibiting holding companies
probably will affect such corporation as
the American Tobacco Company. which
has many subsidiaries, and a score OF
others. similarly organized
The chief income of New Jersey has
been from these corporations, and every
time any legislation affecting them has
been suggested the State officials have
held up their hands in holy horror. lest
the income be Curtailed. In the recent
campaign. however, Col. Roosevelt
chief attack on Gov. Wilson was based
uHon his failure TO rid New Jersey of
the stigma of being the mother of
trusts" The Governor made no answer.
but his friends pointed out that he had