The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1914-01-23
ONE OF WHICH WAS INTRO
DUCED IN THE HOUSE
YESTERDAY.
Other Three Will BE introduced
Today-Hearings 10 BE Held
on All Measures.


WASHINGTON. Jan. es.-Four OF
THE proposed bills TO supplement- the
I sherman antitrust act suggested hy
President Wilson in his recent mes
sage TO ConCress. were made public
tonight. one of them the measure To
create an interstate trade commission.
day in the House by Representative
4 Clayton. chairman OF the judiciary
committee.
! Three other measures prepared by
the House judiciary subcommittee,
for submission and consideration by
the full committee. were given 10 the
public in accordance with the frcsi-
dents program OF publicity. Hear
ings viii be held on all of them.
j The three bills to be introduced to-
morrow embrace the following sub
iects:
Prohibition OF interlocking director
ates of Industrial corporations, rail
roads. banking or trust companies. 10
be effective two years after approNal.
! Define Terms Of Sherman Act.
4 Definition of the terms OF the Sher-
| man antitrust act. TO specifically IN
| clude within the meaning of "conspir-
! acy In constraint OF trade every con
tract. combination IN the form OF n
/ trust or otherwise within the meaning
4 mite offenses. all of which would be
prohibited. and fixing guilt upon indi-
I yidual
] A trade relations measure designed
\ TO prohibit "cut throat competition
through price determinations. etc,
and giving 10 individuals injured by
| reason OF anything forbidden in the
sherman act. the right TO bring suits
in equity against corporations againrt
which decrees have been obtained by
the government.
Chairman Clayton announced that
a foursi projected measure, which
would provide for government regula-
tion OF railroad securities, had not
been drafted and would - taken up
by the house and senate interstate
commerce committees.
| WASHINGTON. Jan. 22.-President
! Wilson's trust message to congress
: suggesting antitrust legislation sup
Elemental to the Sherman law which
would eradicate evils of big business
and at the same time restore conf
cence and commercial activity bore
Its first fruit to-day when a bill 10
Great an interstate trade commission.
was introduced in the house. Follow
ing q conference between Attorney
General McReynolds. Senator New
lands OF the Interstate commerce
committee; Representative Clayton
chairman. and other members OF the
Judiciary subcommittee, Mr.. Clayton
submitted the measure and N was re-
ferred TO the Interstate and foreign
commerce committee. An effort by
Senator Newlands to Introduce tne
bill simultaneously in the senate Wa
; blocked by Senator Smoot. owing Ia
debate on the Alaska railroad bill.
President Wilson expects action by
congress during the present session
on all the various bills being prepared
IN the urnagfpnul -.
ceal with the trust question lie told
callers to-day that he regarded tho
group OF bills as reasonably nomog
eneous ana In the same field and that
ne had every reason to expect prompt
action.
Past Issues not Affected.
=. While the president recommended
IN his message the supervision BY the
Interstate commerce commission OF
thc Issuance OF railroad stocks and
bonds. he took occasion to-day 10 EN-.
phasize that this did not mean neces.
sarily that past issues of securities
would be inquired into or affected by
the present legislation. Nor did the
president consider that the regulation
OF railway securities has anything tc
do with the subject Of regulating
stock exchanges LEGISLATION on This
subject, he explained. was not recon.
mendcd in the Democratic platform
ana ne did not feel that he would roc
ommend any ching that had NOT been
included In thc platform.
lne commission proposed by the
blll introduced to-day which would alb
sorb the bureau OF corporations and
which would have as its first chair
man the commissioner Of corpora.
tions-in this case. Joseph =. Davies
OF Wisconsin. would consist of five
members. salaricd At 10000 and
would have powers of inquisition Over
an corporations. save common car
IleIs which are regulated by ths
Interstate commerce commission rI
also would act as an advisory bosrf
10 tho attorney general and ths
courts. but its most important furr
Ton o. designed 60 assist busiDes.
and me government IN preventing vi0
laNous ci the sherman act. in aidIrf
me attorney general to terminate af
itsed unlawful conditions hv arros
WchIs such as have recently been cv
IcIi'd 'u the American Telephone a
lci'eraph company and New Yor.
New Haven a Hartford raiiro4,
cases. lu This capacity the cororut-
sion would serve. iu accordauca vriff
The suggestion Of the president ir II.
n, Hsag' as The business georf or fI.
'Contiiution Of peace
Investigate Any Corporation.
ih tiothing The commission with AN.
lhoflt' 20 Do Of service in f0reefalIiue
CONDITIONS that might neccaeiiafs
prosecution. On" bin prescribos that ID
.HaH, uron the request Of the aff0r.
uey General or any cnruorafior fbaf
may De- affected. or upon its own ini