The Lancaster news. [volume] (Lancaster, S.C.) 1905-current, 1914-01-30
COMMITTEE BEGINS
WORK ON TRUST BILLS
senate Committee Perfecting the
Interstate Commission Bill.
THE HEARINGS BEGIN.
House Judiciary Committee Will
Have Hearings on the Vari-
Gus Measures.

washington, Jan. 28.-Perfection
OF the Interstate Trade Commission
Dill, introduced in the Senate and
House last week as the first of the
antitrust legislative measures of the
Administration, was begun TODAY nv
the Senate Committee on Interstate
Commerce. 1t was determined at
the outset that no public hearings.
other than those to be held by the
House committees would be neces-
sary.
An amendment proposed TODAY
would limit, to a certain extent. the
publicity feature of the measure by
prescribing particularly that no trade
process, list of customers Of like trade
secrets, submit, >" TO the commission
by corporations Lould be made. AS
the bill stands .ow, all information
concerning the business OF corpora
tions is required to be made a mat
ter of public record Another amend
ment will be proposed later to en-
large the powers and scope of the
commission.
Hearings before the House Ju-
dietary committee will begin tomor-
row on the various bills proposed to
supplement the Sherman act. Rep
reSentative Clayton, the chairman to-
day asked Representative Stanley of
Kentucky, Henry of Texas, (Demo-
crats) and Lenroot Of Wisconsin IRE
publican), who are not members of
the committee, to appear at the hear
ing. All are particularly interested
in trust legislation and will suggest
amendments to perfect the bills ten
tatively drafted. Commissioner Davies
OF the Federal Bureau OF Corpora
tions, who under the Clayton Inter
state Trade Commission bill, would
become chairman OF the new board
and whose bureau would be merged
with the commission, has been asked
by Representative Adamson to appear
before the Interstate Commerce Com
mission Friday to discuss the pro-
posed commission and the regulation
Of railway securities.
There was an informal conference
today between Representative CLAY
ton, Floyd Carlin of the Judiciary
Committee, and Samuel Untermyer of
New York, regarding the three bills
before the Judiciary committee re-
lating to amendments to the Sherman
antitrust law. Mr.. Untermyer had
number of suggestions to make re-
garding the legisl ion to be framed
by the committee Representative
Henry, who also las conferred with
Mr.. Untermyer will discuss with the
Judiciary Committee his bill to amend
the Sherman law by defining ex-
plicitly what constitutes monopoly or
conspiracy in restraint of trade, pro
viding prison terms for violators and
by adding an adaptation of a Texas
law to provide that the Sherman act
shall not apply Ito members of or
ganziations not conducted for profit
and without capital stock, or to agri-
cultural products or livestock, in the
hands of the producer or raiser"
Representative Stanley and Len
root also have bills amending the
Sherman law on the docket Of the
committee on which they will speak.
Some opposition is developing TO
the salaries proposed in the Inter
state Trade Commission bill which
would give each OF the five members
OF the commission $4,000 annually
and the secretary $4,000. An amend
ment also will be proposed to limit
the membership of the commission
to three members.