Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-21
FIVE ANTITRUST
BILLS COMPLETE;
OK. D BY WILSON
Tentative Draft of Measures
Made After Conference at
White House.
TRADE COMMISSION OF
FIVE IS PROVIDED FOR
President to Hold Conference
on Plan for Supervision
of Railroads.

WASHINGTON, Jan. 21.-Five bills
to carry out the suggestions of Presi-
dent Wilson's trust message were
being completed in Congress today.
The bills will embrace the following;
An interstate trade commission of
five members with inquisitorial pow
ers into corporations and authority
to aid the courts and keep hig busi-
ness within the law.
Prohibition of interlocking directors
In Interstate corporations, railroads
and national banks.
Empowering the Interstate Com.
merce Commission to regulate the is
suance of railroad stocks and bonds.
A Sherman law definition bill,
which would define specifically what
constitutes conspiracy in restraint OF
trade.
A general trade relations measure
seeking to eliminate "cut-throat"
competitive business and which would
provide punishment for individuals,
Instead of business, and made it pos
sible for firms or individuals injured
by unlawful business restraint to
avail themselves of findings against
combinations and institute suits In
equity for relief
Following a conference last night
at the White House, members of the
House judiciary and Senate interstate
commerce committees went to the
capitol today with the program as
outlined in mind, and revision or
tentative drafts of measures already
prepared was undertaken.
Senator Newlands, chairman of the
committee which will have charge of
the legislation in the Senate, and
Chairman Clayton, Representatives
Carlin and Floyd of the House
Judiciary subcommittee on trust
legislation, were in conference with
the President.
Representative Adamson, chairman
of the House committee on interstate
and foreign commerce which will have
jurisdiction over the bills relating to
government supervision of railroad
securities and interstate trade COM
mission, expects to confer with Presi-
dent Wilson today or tomorrow
There is already pending before his
committee a railroad securities bill
drawn by himself, which Will torn
the basis for the administrator
measure. A trade relations Dill
drafted by the judiciary sub-commits
to the President last night may be
introduced by Senator Newlands,
and, with other measures pending
turned over to the Adamson COM
mittee to aid it in its work
A meeting of the entire member
ship of the judiciary committees has
been called for tomorrow, when oills
relating to trust subjects will be req
viewed, and probably will be intro
duced the following day, Senator
Newlands had another conference to-
day with the President.
Senator Newlands was with the
President only a short time, laying
before him redraft of his bill for
an interstate trade commission. Mr.
Newlands proposed consolidating the
various bills into a single admins
tration measure. The question, now
ever, was not determined finally, and
will perhaps not be settled until the
bill takes more definite form and is
ready to be reported from the Con-
gressional committees.
Senator NeWlands also discussed
vacancies on the Interstate Com
merce Commission with the President.
Nominations are expected within
few days.
After the House judiciary commit
tee had taken up it's work, CHAR
man Clayton said they hoped to in
troduce the trust bills either tomor-
row or Friday. The question of con-
solidating the three bills amending
the Sherman law, prohibiting price
cutting, making guilt personal and
defining the limits of the sherman
law in a single measure was dis
cussed.