Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-07-14
Democratic Statesman From
Missouri Declares Trade
Commission Bill Would Be
Injurious to Country.
LAW ENOUGH NOW IS
OPINION OF B0RAH
Sherman Act Sufficient to
Meet All Needs and Prevent
MooopoIieS, Is Declared in
Debate.

Inf AoHNihu JOURNAL ef9Cftt t0kafp WIRE
WaAhington, July Attacking
the administration interstate trade
commission bill on the floor of the
senate today. senator Reed of Mis-
aour. democratic member Of the ju-
dietary committee, urged that the in
tcrsiute commerce and Judiciary COM
mittces should work out the trust
legislation Jointly. with view of con
solidatng all pending measures on
the subject
Senator Reeds attack. directed par
ticularly az the section relating to
unfair competition" was followed by
assaults from other members of the
judiciary committee, and later IL de-
Nciuped that an unsuccessful effort
already had been made by the inter-
state commerce committee To have
the judiciary committee cooperate
with il. Senators Reed and Hoke
smith Of Georgia, We're reported TO
have looked with favor on the sug-
gestion, but other members of the
judiciary committee declined to Yield
sole Jurisdiction over the Clayton
antitrust bill
Suggestions for Joint Sessions.
The suggestion for joint sessions Is
said TO be growing in favor, however
and Senator Reed was drawing a res
0lution on the subject when the SEN
ate adjourned.
Senator Reed declared that the
unfair competition section of the
trade commission bill would dispel
public sentiment in favor of trust leg
isation without giving the people n
single remedy not already accorded
them by courts. Moreover, he declar-
ed. he did not believe the people ever
would sanction "A bill that would place
the business of the country in control
of board governed by no rule Of
conduct except its own concepts Of
right ana wrong.
Ask for Amendment.
Senators Newlands and Salisbury
of the interstate commerce committee
repeatedly urged Senator Reed to sug-
gest amendments to the trade bill to
make It more specific.
Senator Nelson another member Of
the judiciary committee, attacked the
trade commission bill as merely nib
bling" at the trust problem, while
pretending to solve the entire prob
lem. lie declared the unfair competi-
tion section would act as q protection
to trusts, which had felt the uneom-
Portable effect of the sherman anti
trust law.
Senator Newlands demanded a
vote on the unfair competition Sec
tion so that the country might know
If senators We're IN favor of prevent
ing big concerns driving out of busi-
ness little competitors before the big
concerns reached the stage of mo-
nopolies.
Plenty of Law Now. Says Borah.
Senator Bofdh declared the Sher-
man antitrust law. as interpreted by
the supreme court prohibited acts
tending to monopolize as well as mo-
nopolies. There is plenty Of law he
insisted. what we need is somebody
to enforce IT, What we need is to put
a few big fellows where they be-
long" I'm places of honor" inter-
rupted Senator Nelson, who Is stren-
uously opposing the confirmation of
Thomas d. Jones, director of the
International Harvester company, as
a member Of the federal reserve
board.
The judiciary committee continued
its work Of whipping the Clayton bill
to supplement the Sherman law into
shape throughout the day and eX-
poets to complete its draft of the
measure tomorrow. The section relat-
ing to the punishment of individuals
is being rewritten in order to make it
more binding.
The bill to regulate issuance of Sc
curties of common carriers by the
Interstate Commerce commission has
not yet been completed by the inter-
state commerce committee, which
seemed to be deadlooked today on
several important features
President Still Confident.
President Wilson is not disturbed
by the adverse results of the referen-
dun conducted last week by the
Chamber Of Commerce of the Unit
ed States on his antitrust program.
He feels the questions sent out by the
chamber referred more specifically to
the Clayton antitrust bin as it passed
the house and that therefore the re-
plies do not bear directly on the stu
alton at present, since the Clayton
bill has been materially changed
since it reached the senate.
The president told callers today
that he still felt that the business
men of the country were with him on
getting antitrust legislation at this
time, although he had not compared
in detail the results of the chamber
referendum with the voluminous cor
respondence he has had with business
men in different parts of the country