The Sentinel=record., 1914-04-14
WILSON OBJECTS
 TO CURTAILMENT
OF TRUST LEGISLATION AS OUT LINED BY THE CONGRESSIONAL
 COMMITTEES.
Senator NewIands Expects to Report a General Trust Bill Covering Five Points Requested.

Washington, April 13.-Unqualified
 disapproyal was expressed by Presi- dent Wilson today of the proposal in congress to curtail the antitrust leg islative program for this session. Later members of the house judiciary subcommittee who had conferred with the president on the subject, de clared that an effort would be made to report out quickly a single meas, ure embodying the substance of all the separate tentative trust bills and that legislation also would be press ed to meet the demands of labor for restriction of the injunction power of the courts.
 That opposition to carrying out the full trust legislative program growing among senate and house democrats continued in evidence during the day, notwithstanding determination to re- vive the effort to perfect measures af- fecting interlocking directorates hold ing companies, price distortions ana other evils.
 Senator Newlands, chairman of the senate interstate commerce commit tee. said his committee expected to report a general trust bill soon, though the members had not agreed upon details. Before the committee determines finally upon it's course, however, it will pass upon the amendment already prepared to pre- clude action at this session upon any thing but bill to create an inter state trade commission with broad powers and express direction to in vestigate the whole problem of big business and to recommend to the next congress what legislation sup plemental to the Sherman law should be enacted.
 Unless this plan is agreed to the committee will proceed to enact the tentative measure it has worked out in five sections. The first section would prohibit forms of interlocking directorates in competing concerns; a third would regulate holding compa' nies: a fourth would deal with stock watering and the issuance of railroad securities, and fifth would attempt to eradicate price determinations which affect competition.
 Besides the members of the house
 judiciary subcommittee, President Wilson conferred with Representative Webb of North Carolina. After the conference the subcommittee deter mined upon the following program: Speeding up of committee consid- eration of antitrust legislation with view of reporting rapidly as possible single bill comprising the principles of the Clayton bills on trade rela. tions. interlocking directorates, hold' ing companies and definitions; inclu- sion of the anti-injunction plan ln this bill to regulate issuances of in- functions in strikes; to provide due notice to all parties concerned and jury trial rights in contempt pro ceedings for violations of injunction deCrees.
 Chairman Clayton, of the judiciary committee, said tonight he hoped to have the antitrust bills out Of ms committee and reported to the house within a fortnight.
 A section of the Clayton bills which will be offered as a basis for the a1ti- injunction measure would estop any restraining order or injunction in any case involving or growing out or dispute concerning terms or condl- lions of employment unless necessary to rreyent irreparable injury to prop erty right of the party making the application" and these rights would have to be sworn to by the applicant with particularity"
 The interstate trade commission bill was re-introduced in the house to- day by Representative Covington oi Maryland for the interstate com merce committee, with some minor changes. The principal change Tn the bill as already made public IS an to provide that in any eouity suit brought under the attor- ne, generals direction under the ah- ti.trust law, the court may on the consideration of testimony refer the suit to the trade commission to as certain and report an appropriate form of decree and that upon such exceptions may be filed. The court may adopt or reject the trade commission report in whole or in part.