The Julesburg grit-advocate., 1914-04-02
TO REGULATE TRADE
ONE ANri-rRUsY NEAsURG %
WELL ON ITS WAY TO
PAeoAoG.
WILL De INDEPENDENT BODY
tntsrstste Teo6e cemmieeioa Owes
eswss - iavsstiOsts orssaisatbsa
sa6 0Ssiaees u Any cerpora-
tea gaSaosd In cemmsree.


sa6 ossiasss u Any cerpers-
tea ga0aOsd In cemmsree.
0y oEoRoE CLINTON.
WashingtOn.-One Of the antitrust
msasures prepared by the Democrats
In congress with the approval of Presi-
dsat Wilson and Attorney General
AeReynolds 10 on its way toward pas
sage. The measure is the one estab-
fishing an Interstate trade commits
sion. The Democrats in congress have
found that . good many of their Re-
publican brethren approve the bill In
the form in which 1t has been sub
mttted and there seems to be little
doubt that on its hnal passage . con-
siderable Republican vote will be re-
corded In its favor.
This commission measure was
unanimously agreed upon by its franz
ers who constitute . subcommittee Of
the house interstate commerce COM
mittee and In the membership OF the
framing body were both Democrats
and Republicans.
An independent Body.
OF the bill Representative Coving-
ton has said:
The whole theory Of the creation
Of the commission has been to make
It an eficient independent body. In
most Of the matters OF publicity It has
entire control Of the facts gathered.
Publicity 10 left to its discretion. and
the bill contains ample authority for
It to prevent the disclosures OF those
necessary trade secrets. valueless to
the public. In promoting lawful com
petitfve business. but which. was dis
closed. simply afford opportunity for
injurious use by competitors. Powers
Of Investigation, safesuarded by prop
er constitutional limitations against
unlawful searches and seizures. are
taken from q new subordinate depart
ment under the control Of the execu.
tive and given to this nonpartisan
body"
Under the interstate trade commits.
sion bill all the powers and duties Of
the present bureau Of corporations
and Of the commissioner Of corpora
tions are transferred to the commits
sion Of three members all Of whom
are to be presidential appointees. sub
'ject to confirmation by the senate. and
each Of whom will draw a salary. Of
$4,000 annually. Only two Of the
commissioners can be Of the same DO
htical party.
Every corporation that Is engaged
In interstate commerce. except cor
poratfons subject to the act to reKu-
late commerce. and which has q capi-
tai Of 35.000,000 or more. or having
less carital belongs to class Of cor
porations which the commission may
establish. is to be Obliged to furnish
to the new BODY annually such in
formation. statement and records Of
organization. bondholders and stock.
holders and financial condition. and
also such opinion. statements and
records Of its relations to other cor.
porations and its business and prac-
tises while engaged in commerce. as
the commission shall require"
Powers Of the Commission,
Here IL section 10 of the bill which
shows specifically the powers Of the
commission In matters of investiga.
ton:
Section 10. The commission shall,
upon the direction of the president,
the attorney general or either house
of congress. investigate the orkaniza.
tion. management and business Of any
corporation while engaged in com
merce, to aid in ascertaining whether
or not the corporations Investigated il
violating the acts relating to restraint
Of trade. And the commission shall
make a report Of such Investigation,
which may include recommendations
for readiustment Of business in order
that said corporation may thereafter
maintain its organization, manage
ment and conduct Of business in &C.
cordance with law. Reports made
after investigation may be made pub.
lie in the discretion Of the commits
sion"
The annual reports which corpora.
tions shall turn in containing the re-
Quired Information and statistics for
the previous year must be made out
under oath and filed with the commits
sion at its ONCE In WashinEton with.
in three months after the close of the
year, for which the report is made
In cases Of necessity It will be within
the power OF the commission tn ~,,nt
additional time.
II a corporation delays in turning
in its report the bill as drawn penal.
ICES 1t at 800 for each day Of the
delay A provision of one of the bills
proposed, but not accepted placed the
fine at 81 900 a day for delays in turn.
ing in reports, but congress seems to
have thought that this was excessive.
Reading Test 10 Sure.
Some weeks ago 1t was said in these
dispatches that before many months
had elapsed adult aliens seeking ad-
mission to the United States would be
tested as to their ability to read. This
wss written with full knowled0o th,k