The chronicle=news., 1914-04-16
ayers 1ser US
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The s4a~Mi~sie4 a@sis. sis~e z'ish .,
iia.iiAtisa hsiskt asseso. .as,i, ios
- fssexisisn. Il ssss;
Neither siss hss sss osasr srei-
lsarS sissasra OF sl~ssiitsssise 10 .
sare srisssisA of issfsiass - aa.
ias f&iss~s asess shs Antitrust Aea
~ sss oshsr i&ss~ The ~oAshistss
Is ssasis~.i shs, The xsssssi issis-
aizssSs II The sssssissisa .ks,std ass
e~s-AA Ia p<sSsAs ssa pAstasssfit~.
| risS-s ,k- fsatssiss sssaaa As a
sasss~r sf 'sssise<s SsAgnsss. isSi-
| ssaasis asa t-.s,s~ssEif.s - such sill
ssa ~nsass II ias<s.sais ~ sssssxA
trade oil . sssle saffisieAlis isrs- as
sa sase ne rss.hsisiity sf sffestihs
q ss~sssiss al TRADE OF sassiiss .
rosns.aay. h-sor~ sh~ss business a>-
saass . sksrsss.s oT . soians~ that
creates fn.sTbiiiitr. Of iliessitss as-
| ees skr anst-sruss isss it~r ar Gs-
ses . psssii<si aer-~aIs sr sasi',ias
she sosvsssas~ form With tss h1is~-'
liability snA eshsv sasa.'sr-~"
rk- asSasi,s of sA~ e. ha.nii,rs "a
sssiias iss opt ss.is'ss Z" ihs rf"issFsi
,sas the snnsaissios s~ Eis~h fns.s
TO sAsise ees~<ssins sk.i ssAiisf "a
ss,ssss. soesssstx. snnhsnsstnss. s.s-.
re~s isss lsls .a'.,~ss ss Seas,h AIS
sisenssss tho i~sat IS Ssss as s.-7
gFasti~Ai esss-s of ia u, sat ..~t-
,n~ siss shss ., -. oass~s II Ss.,i.'
s- . rAy.issi issfs<sibih'r fas the
saAsr.sssiaa To fs-s Cfsnn s''- rSsis.
,aliaa..s risss which corporations
has- il se.asa ss soasn-sv~ shai ss
interstate s fas~sEn is shssast-ss q,
.ssss '-Ef~sf ssfssosstA~ sDs~ssins
~ sssid isaa To . he~ ps~>-tssi.sr "s
,A- ssm~ rsas ~nh sh~ ieass lum'.sf
Of ssanees tic srpit-sass -s'i-s ,'-''
sns ~samnA.ioa soaia s.-erss The
s~. isies In n. eas~. whether fssos-
ssis ~ sassvpeshS~ enaid i'- ss-si as
. ps-esd-hi in .shrf sas~s fns .a-h
sss~ unaia russsis not oaiy qs~ssins
at isv. bat also au~sssoas ot fsss asa
IL no rxo ss.~~ ~aaid the facts hs
the ssm~.- The sreans~as 10 sap.afs
Of the eoa,sstloa that the sunmis-
4 sSos shouid h- Giv-s this power ss
sl.o psv.-s,ss is asssn sad eoa'sss.
that shss. So.ia b- ss-at sdsssias-
II t,ss.sn-s ass saaid kno~ In a..
sssse. o. the ssshosisy Of the eon.
satasoa. vas, issituAe ~as r~smi'ted
then hetoe~ -sssssas In 'miostsas
sss>ssahtaes
j II relation to the foissh f-~cns.
mssaaiioa. ihe euomsis-s believes
i shss ~ the total aumt~s of cosfsfa.
,Sess il un~asa ~ TOO eco tho r,.ss
aumhes of s-t.nets which soaid Y-.
su,s wuaid Def, ans us~fai oomrsis.
ssnN or ansiy~lss The limitation oi
the Requirement NJ reports to cosros.
sssc~s capitalized NJ not i~>. than
s..cca. .ooc would reduce the nasnh<s
Of corporations affected tn approx
imAisiy $500. In dssrusains this
4 feature os the hill. the committee
,.ninis oss that ono commissioner ri
corporations after another has t'-r.
.mm-ndcd that tho bar~au have at
j ~. disposal somsshinx IN che nature
of annual reports on the operations
Of The more important corporations
cnEascd In in,rrssa'e commerce. II
" aSrsc dthsi the fact that corpor-
atsoAs would have TO make rerort.
would scrve ~ 4 valuable deterrent
to careless disregard Of tho Law. AZ
to the kind Of information to he re-
quirea IN annual reports. differ
e0ee of opinion II expressed by the
i rommittcc The majority Of the
committee contends that there should
bc q reasonable limitation A. to the
kind Of Information asked for and
i declares: 'if a corporation were
compelled to place on file with the
Il commission data Of the sort indicated
It would In many cases be placing
t,eyond its control facts which lie at
the foundation Of It's existence a. q
competitive business. which II has
always guarded with the utmost
jt alouav because their disclosure to
4 competition would seriously affect
its own ability TO compete. and for
\ which Il felt any penalties provided
by law for persons who disclosed in
4 formation In the possession of the
ommission would offer insecure and
Inadequate protection The dis
venting opinion IA that II II oh
viouriy the Intention cf the bill that
the commtssion h to acquire COM
4 piete understanding OF the business
Of the country and its needs The