The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-03
HOUSE TO SPEED UP
ON ANTITRUST BILL
Judiciary Committee Reports
Measure With a Few
Slight Changes.
nEgATE BEGINS THIS WEEK
Administration Plans Quick
Passage. and Then on to
senate by May o.

w,suiSGroN. May 2.--The Clayton
Mi embodying the Administrators pro-
-,amrn, of antitrust legislation was
,,,orted to-day by the House Committee
=, the Judiciary Plans will he per-
,scted early next week to pass the meas
Ife.
I, is the purpose Of the House lead
&c TO put the bill through without delay.
The Administration In anxious that the
Clayton bill. which will be used al a basis
far legislation further regulating the
4 operations OF interstate corporations.
shall be transferred to the Senate at the
earliest practicable date.
The Senate and House bills differ in
the general provisions In detail to some
extent, but it is believed that the Admin
i,traton will insist upon the House bill
AZ more. nearly meeting the views Of the
President and his advisers on the sub
ject
n present plans are carried out de-
bate on the Clayton bill will be begun in
the House the latter part Of next week.
. II is understood that the leaders have
determined that the Clayton bill shall
have first consideration for the reason
hat It carries the major portion Of the
ADMINISTRATORS antitrust programme.
To-day Mr.. Adamson presented n spe-
cial rule providing for consideration OF
the trade commission bill A special rule
also was offered by Mr.. Clayton for the
antitrust bill.
Early Conference Planned.
Tn. Rules Committee will make a re.
port In accordance with the wishes Of the
{ leaders to be determined at a conference
. to be held early the coming week. It IL
The general understanding that the lead
ev. prompted by the Administration. will
give the Clayton bill the preference.
The rule offered by Mr.. Clayton limits
debate on the antitrust bill to twenty
hours. This means that X II II pushed
Il can be passed in four or five legislative
days. The chances are that debate on the
measure will be begun In the House the
latter part Of next week and that II will
reach the Senate about May 8.
The bill reported by the House com.
mittee to-day does not differ In principle
from the measure as originally framed
and which WAS printed in detail In THE
SrN upon It's formal Introduction BY
Chairman Clayton. The provision limit
nc the power OF Federal courts in the
ssuance of Injunction was rewritten. but
10 purpose is not changed In any par
ocular
The Republican members Of the Ju.
dietary Committee did not Join in the re-
port ordered to-day. They absented
themselves from the committee room. Civ.
ing notice that they would make q
minority report.
Changes TO ..Libe ralise" Law.
number of changes have been made
N the provisions relating to price cutting
and in the prohibitions against interlock-
.ng dTeetor~ses. Chairman Clayton said
'o-day that the changes tended to "liberal-
Se ;he proposed law SO far as II affects
corporations
The committee stood pat on section
, OF the bill relating 10 labor unions and
Voluntary associations of farmers. These
organizations are not exempted from
prosecution AS demanded by labor leaders.
section merely declares that labor unions
and agricultural associations are legal
entities and that the law does not pro-
dblt them from carrying out the legit.
mate objects thereof"
Here Is the text OF section Z:
That nothing contained in the anti
trust laws shall be construed to for
I'D the existence and operation Of fra
ternal labor, consumers, agricultural
. Or horticultural ORGANIZATIONS. orders
or associations instituted for the pur-
pose OF mutual help and not having
capital stock or conducted for pront.
- Or TO forbid or restrain individual
members OF such organizations, or
dtTs or associations from carrying out
the legitimate objects thereof.
Section Of the bill prohibiting a cor.
pfatIon from acquiring control Of an.
o'her corporation, originally provided that
such merger should be unlawful II the
eject was to eliminate or substantially"
lessen competition.
bil1 Made More Drastic.
The word Substantially" does not appear
"a the BILL reported for the reason that
me committee believed II might be sub
zee, to such Interpretation as practically
legaHze many mergers. The committee
wH OF the opinion that any combination
nat lessened competition in given field
mould he declared to he unlawful.
WIN the elimination OF the word Sub
Ndnnaly' before the words lessen com.
Fuugn' 1t is believed that the prohibition
made more effective.
IN the provisions dealing with inter-
ocklns directorates two changes are
mace The first excmpts mutual savings
oaHAs nom the application OF the law.
me second provides that the prohibitions
against lnterlockn- directorates shall not
operate against industrial corporations
- NaPlld44Hdl!On OF less tnan $l,OO0,OU0.
mo text OF the new anti injunction
PROVISION adopted at the instance OF labor
leaders, follows:
Section 15--That no preliminary in
junction shall be issued without notice
70 the opposite party.
80 temporary restraining order
snail be granted without notice to
N' opposite party, unless II shall
'I'dr.N appear from specific facts
SHOWN by affidavit or by the verified
tl- that Immediate and irreparable
injury loss or damage will result to
property right OF the applicant before
I''lr" could be served or hearing had
t',.0N
f.."'F such temporary restraining
o'I' nall be indoFsed with the date
t'l hlu Of ISSUANCE. shall be forth
"" ned IN the clerks Office and
'..4'rd @, r"cord, shall define the In
-, ahl state why It IL irreparable
ny Me order was granted without
- .'e ard shall by It's terms expire
''''n such time after entry. not to
A"ed ten days. az the court or
ifc may fix.
Eariy Hearing Ordered.
tar NJ