The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1914-01-18
|DCRA|N|NE OF
hE PRESIDENT 7
lis ANNOUNCED
ke New Features in Ad-
hss the Executive Is
'|cheduled to Read to
7 Congress Tuesday.
;tINESS WORLD TO
I SET in JUDGMENT
BE Time to Be Allowed
Adjustment to New
'onditions Before Laws
/ Become Operative.

onQItlOnS DeIOre Laws
Become Operative.
ELLINGTON, Jan. 17.-President
h announced today that he would
us message on antitrust reform to
% session of both houses of con-
ne1t Tuesday. The president al
has shown the document to Dem
d leaders In congress, members of
NO congressional committees in
. Of the legislation and to members
cabinet. All have expressed ap-
president has left the task Of
ng the detailed remedies to the
of congress.
be hitherto unannounced features
president IS plans are:
The prohibition Of holding COM
B Corporations would be forbid.
b own or hold shares or be inter
N the business of actual competi-
Z cognate concerns; and the acaui-
of stock or interests in noncom-
ve concerns would be possible only
the consent of the Interstate com
commission or the proposed in
te trade commission.
nee of Securities.
Empowering the interstate com.
commission to regulate and su-
b the issuance Of securities by the
Rds, SO that tho public would cx-
through the commission, a GER
control over the future uses to
the money obtained from the is
Btocks or bonds would be put.
Wherever, at the instance of the
1meDt, either in civil or criminal
3dings, the courts have rendered
lent on the unlawfulness of any
nation, individuals or concerns
we'd through the combination
have the benefit of such adiudi-
and not be required in their suits
|Ye again the illegality of the com
|on. -
ic Hearings.
president has dealt with those
y principles in which he believes
sentlment is agreed that correc~
y necessary. He has emphasized
spirit Of friendlipess rather than
lty should characterize the method
Proaching the work of reform. To
No the president himself, it was
% Today, Is behind the announced
mime Of public hearings on the
eed bills.
president has made it plain 10
uan Clayton of the house iu.
y committee that the business
fttee that the business world
De given full opportunity to ex.
lts views.
president is anxious. too, that in
<glslatlon ample time should be
IN ample cases for business to ad
nteelf to new conditions, even to
oo OIL rom one to two years.
ing Companies.
ne VIII the idea that public opiu.
more Or less agreed on certain
neS' the president considers the
''tion of holding companies AZ a
part OF the programme. He be.
trae' beginning with the decision
Il ohileu states supreme court in
ortnern Securities case, holding
nies nave come under the ban o,
o'sapproval' While governor OF
Jersey he caused to he enoo+oG
'pfes prohibiting holding compapie,
~ state, aud permitting only spel
'frs or nou-competitlve Concerns q,
!. .sa9ctioned by the public utilities
'esaer psa analogous function, it is un
~, "ta,w now would be given to tht
nterstate trade commission tbro,, I of
I'Wers of inquisition and invest;gs
'aoi what constitutes competitfv,
pom competitive conditions II i
Hlzed by administrative advocate, =
~ feature that there are many
"a which n wide sweeping prob;
y on nolding companies might pre-
INC Organization of useful enter