Arizona republican., 1914-03-17
TRUSTS
 WITH 0NE BILL
Instead of Several as Be fore Planned - Draft of Bill is Presented to the President-Wilson's Sug- gestions
ASSOCIATED PRESS DIsPATCH1


 WASHINGTON, March 16. - One trust regulation bill, instead of sev- eral as originally proposed, has been determined upon by the senate sub committee on interstate commerce as the policy the administration should adopt in perfecting proposed legisla- tion to supplant the sherman law.
 This announcement was made to- cay after the introduction in the house of revised bill to create an interstate trade commission, a bill over which conflict of opinion has developed among democratic leaders.
 Although the new house bill has the approval of President Wilson and Attorney General McReynold, mem hers of the senate committee on in terstate commerce did not hesitate to assert today that hey had completed measure to create trade commis sion with broader powers. and that they would urge the acceptance of the principles of their bill in any legislation to provide for the trade commission
 The senate bill, it is said, would empower the proposed commission to institute Investigations on it's own initiative as to whether corporations operate in violation of the sherman act, and it's champions declare the elimination of the initiative in the house bill would rob the proposed commission of it's effectiveness.
 President Wilson at a conference tonight with the house judiciary sub committee on trusts, put the stamp of administration approval on the substance of the four bills to amend the antitrust laws which the sub committee submitted in a virtually final form. The bills will probably be reported to the house within a fortnight The president indicated his belief that it will be better to consolidate all bills into one in order to expedite legislation. This prob ably will be done.
 The president made a number of suggestions to the sub committee, which is comprised of Representa- tives Clayton of Alabama, Carlin of Florida and Floyd of Arkansas. and i4t llSiSteu lHtl lilc ptlSoildi SuHl of individuals in control of corpora tions should be prescribed in every bill in order to break up evils that have grown up under the present anti trust laws. The committee will revise the bill with this in view and talk with the president again before submitting the measure to the full committee and to the house.
 The draft of the holding corpora ! tions bill had been completed just before the conference. The measure would make unlawful those holding companies that combine stock of cor | porations so as to lessen competition, i but would not affect companies l which hold the stock of corporations that form essential parts of their business. Holding companies that are entirely for investment and not for business directly are not prohb- ited This would permit companies like the big insurance concerns to | hold stock of corporations which are 1 not competitors.
 1 The committeeman pointed out to | the president that the bill would save l tc industrial business the investor who buys stocks and bonds of var ious corporations, but it will not en- gage in the business of operating any of them. The bill applies to railroad holding corporations, but not to sub sidiaries.