The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-03-16
Bill Has Support of Nearly
All Members of Com.
mcrce Committee.
IT MEETS WILSON'S IDEAS
Corporations Capitalized at 49,
100000 or More Must File
Annual Reports.

WAsHINUToHs MaTCn lo.-Ine huninls-
tration bill proposing the creation OF an
interstate trade commission will be intro
duced In the. House tomorrow.
n will be reported promptly by the Com
mittss on Interstate and Foreign Com.
merce ana will be the frst antitrust bill!
Of the Administration to be passed by the
House.
Tho belief 10 that the measure will be
called up for passage next week. follow
ing the disposal OF the bill providing for
the repeal OF the tolls exemption clause
OF the Panama Canal act
The trade commission bill was prepared
hy . subcommittee composed of Repre-
ocntatives Covington OF Maryland, chair
man Sims OF Tennessee. Talcott Of New
York. Rayburn OF Texas and Montague OF
Virginia Democrats. and Stevens Of Min
nesota, Esch OF Wisconsin and Knowland
of California. Republicans. All these
members approved the bill.
The bill provides for the creation of a
trade commission of three members. one
Of whom must be of the opposite political
party to his colleagues. The measure was
drawn OF suggestions made by the Pr ST.
dent In his address to Congress las; Janu-
AIRY. when he discussed trusts and monop-
olies.
The President al that time recommended
a trade commission AS an Instrument OF
ottairinR information and publicity, and
as clearing house Tor the facts By which
both the public and the managers of grea,
business undertakings should be guided"
Presidents IDEAS Carried Out.
p,..,asrt William aiso rscomua,dea
- .,.-,... .,,,. :.
N""' '"e N''''''''o'' NC "'Aue ."pao'e VI
assisting th' courts IN the Shaping OF cor
rsctire processes. The President believes
In the preservation of proper connective
cord,,,or. and for tbis r.oso, dnas M,
.,.- 40. ,, =. -.
oe'"e INC @o'''''sS'oi w nave power VI
regulating or coatrol!ing prices or any
authority OF direct control over the lawful
oDeratIons OF Industrial business In
s-.n,,,. a.. hu, =. ,.on,r.a o. ,n.ro,,.
uoa W-horro" these lucas nave peen
Because Of the failure OF the bill to
authorize the commission to fx prices and
otherwise regulate the practices OF inter-
state CORPORATIONS II probably will be on.
oo.ed he tho pro,ro.sIys.
-,
ee s.el'oh' Vi w. oiiI eNPia'ii .ne
1880, p, a.u y, .ne
'A .,S, " 80, anu ore a. Io'ioMs
.,'.. ~ ., ,Ia' e'e,s w. poI ~"
$500 $500 :" 80 ,'i.'N. eNN.p'."e vi
po'a'I.ns euo'e'' 70 e,'e as " ,eSu-
- ei''''I y, "nIN' ~ zen VI
~ VI ~, " Fo' '''oilo o"neu'
eomt ~, " VI aHIAeu IN
N,n., i. .,or va" :, 80 as W Nois'ltu'e
1870, 20 az o"o noo n un'' nas
-. -, w. - ", ~ VI ''ns
$500 en- oe,I'e" " any t1aea
80 ,ne
.a.,.; s' u'u'Sn W I"e
stnn s,ata,a,s 80, s 10
crraoi.a,in, h-,Shoias, , y.
Sa7aa." - a"'T' 49, s'',"
aIso 80, a., T, aa,i ,. gu"
,acnrJ. -, g., ra,,,rr -. 49,, '.a Gnu
ston. 81 IT, h',',,. -
vhu. a,,aa,d A., e,. -. ~,
nnn,rtssi, III . Nc o. t,'o
commission 80 20 - -, 40
bet,,r 70 c.rrw 49,, ~ .,,.,. ~
,h,s a.. ,rasa.,. ~. w. pulpuaes "a
a uni,orm s,s,,,r, - -. ay W
- 'P0
ro..>
The said annual reports shall con-
tain all the required information and
Statistics for the period of twelve
months ending with the fiscal year OF
each corporations report and they
shall be made cut under oath
or otherwise in the discretion Of the
commission and filed with the COM
mission at its office in Washing
ton within three months after the
close OF the year for which the re-
pert Is made unless additional time
be granted In any case by the COM
mission The commission may also
REQUIRE such special reports as II
may deem advisable
III any corporation subject 10 this
section Of this act shall fail 10 make
and filc said annual reports within the
time above specified or within the
time extended by the commission for
making and Ming the same or shall
fail TO make and file any speclal re-
port within the time fix, d by the order
Of the commission such corpor,tion
shall forfeit TO tho United states tho
sum Of 500 for each and every dov II
shall continuc In default i'm making
or alinp said annual reports said
forfeiture shall be recovered in Tho