Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-01-08
WIRE TRUST CASE NOT
PARALLEL OF RAILROADS
holders 60 be Given Time 70 Dispose Of
Stocks Without Financial loss-Nss
havsn Officials Ready 70 Comply
With Government Dsmands-House
Committee Completes Draft.

COn0a6o1061O0 So0ay Dy u. ~ AOoOs dS
sistant 10 attorney general McReynolds
In charge Of prosecutions under the
Sherman antitrust act. Mr.. Todd
listened yesterday to tentative propos-
als from G. T. Kingsbury, vice presi-
dent Of the American Telephone and
Telegraph Company. relating to the
disposal Of the Western Unions stock.
While the present negotiations have
not as yet reached the stage where the
plan can be outlined, It is known the
government will oppose pro rata dis
tribution Of the Western Union shares
among the stockholders Of the Ameri-
can Telephone and Telegraph Company
No Parallel Case.
They take the position that this case
is different from that Of the Union Pa
cific and the B. & o., and no parallel
is to be found in the two cases. The
two railroads are not competitors fol
business, the officials hold, while the
wire companies are. Altho a final de-
cision in the matter may not be reached
for many weeks, the department OF
justice probably will adhere to its an
nounced policy Of allowing the
American company as much time as
possible in disposing Of the Western
Union stock without loss to the stock
holders.
New Haven Ready For Readjustment
Conferences between Chairman FL
lott, Of the New York. New Haven &
Hartford railroad and officials Of the
department OF Justice were continued
today IN an effort to reach an agree
mAnt for the reorganization Of tho New
Haven. Mr.. Elliott, before entering the
conferences. would NOT predict when q
settlement might be reached.
Were ready he said.
The points that are troubling depart
ment officials were understood today to
involve the separation Of the New
Haven from the Fall River line OF
steamboats, and the disposition of the
Interstate and intrastate trolley lines in
New England controlled by the railroad
House Committee Concludes Work.
The administration antitrust legis-
lation program was completed today SC
far az the preliminary work by the
house committee on judiciary is con-
cerned. Bills have been prepared COW
ering every phase Of the trust question
and are ready for submission to the
full committee soon after congress re-
assemblies Monday. The judiciary com
mittee members will confer next week
with the president and the antitrust
LEGISLATION details will be made clear
Representative Clayton. Of Alabama
chairman Of the committee. authorized
the announcement that in cooperation
with Representative Carlin. OF Virginia
chairman Of the subcommittee or
trusts, and Representative Floyd, OF
Arkansas, he had finished the prelim-
mary work Of the committee on the
subject OF trust legislation. He said
that .sbills touching every phase of the
subject have been prepared" and that
on return of the full committee the
bills will be taken up for considera-
tion.
Follows Platform Views.
The views Of the president and the
democratic party as expressed in the
platform have been followed out in the
bills. He declined to give details OF
the proposed legislation but said the
Sherman antitrust law had been left
intact. He also stated that one of the
bills would cover interlocking director
ates.
It il known that this bill has been
drawn 80 as not to take effect until
two years after its passage. This is
to permit corporations to adjust them