The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-04-12
BROAD PROGRAM
OF TRUST CURLING
DELAYED FOR TIME
Practical Solution Is
Found for Vexatious
Problem.
WILSON is FIRST
TO SUGGEST PLAN
Proposed to Pass One Bill Gre
ating Interstate Trade Com
mission, and This Body Will
Investigate Big Business
Evils for Remedy at
Next Session.

Washington, April f1.--Antitrust
Liquidation supplementary TO tho Sher-
man act probably Will not be under
taken at this session or Congress- on
tho broad scale originally outlined By
tho administration. THIS became
known here tonight, Democratic Sen
ate and House leaders agreeing that a
practical solution OF the vexntious
problem to cope with evils OF big bust
ness through Legislation nad been sug-
geHtcd
The plan. Il was asserted. Is to pass
one bill which would create an Inter
state trade commission with broad
powers to investigate affairs or COY
porations and with specific authorize
ton TO inquire into the relation 10
commerce Of inte-locking d!rectoratea,
holding companies. stock watering, the
issuance OF railroad securities and
! price Determinations which tend to
destroy competition. Tho commission
would recommend TO the next Congress
wha, further trust reGulative legisla-
ton It deemed advisable for the well
| fare OF the country.
Suggested by Wilson.
J Such culvninat!on or an antitrust
Legislative program, originally sug-
gcsted BY President Wilson IN n special
message to Congress. has been WORK
! Ing out IN conference between tine
/ President and Senate and House lead
e!s for many weeks. The task lcnta :
lively outlined In bills proposed as
sumed proportions that precIudcd it's
accomplishment, leaders believe. in
view OF other Legislative problems con-
fronting Congress. and also because OF
the many conh;cting opinions OF men
IN the councils OF the dominant party
I a m an Igf Oh ha
After many conferences OF Demo
cratic and Republican Senator'S. who
| In turn have conferred with members
OF the House Interstate Commerce and
Judiciary Committees. tentative
amendment TO the Senate bill TO create
! an Interstate trade commission has
been drawn. designed to take the
place OF proposed bills to prohibit or
regulate irtcrlocking directorates,
holding companies. stock Watering: to
provide for government regulation OF
the issuance OF railroad securities and
10 solve the problem OF destructive
price discrimination. 1t would provide
! that ell these problems be referred to
the proposed interstate trace commits
sion, directing an exhaustive study OF
the stbJect for the Information or
Congress
! President Wilson, II became known
tonight. has had this solution of the
/ va pc4cHi IttSeIltu 10 HllH, ana admin
istration leaders declare he has look ed
on ii with favor. The President to-
night could not he reached ut White
SULPHUR Springs, W. Va. White House
officials declined to comment on the
reports.
Makes Frank Statement.
! Senator Joseph It. Robinson. of
Arkansas. member OF the subcom-
inittee OF the Interstate Commerce
Committee especially assigned 10 work
out the trust legislative program.
made n frank statement tonight OF
his view OF the matter.
There are some radical differences.
said Senator Robinson, between the
trade mission bill, soon to he re
ported by tho House COMMITTEES on In
terstate and Foreign Commerce. ana
that which the Senate committee has
tentatively agreed on. We OF the
Senate committee who have had come
part In the preparation or the bin
believe q trade commission should be
vested with broad powers. and. rs a
result OF this belief. 1t may he ex-
pected that a bill soon will be re-
ported which VIII make the commits
sion In many respects an independent
body with liberal powers"