The Sentinel=record., 1914-04-12
TRUST STATUTES
 ID BE DELAYED
LEGISLATION TO SUPPLEMENT SHERMAN LAW WILL NOT BE
 HEARD DURING SESSION.
Present Plan Is to Pass Only One of the Four Pending Measures Gre ating Trade Commission.

Washington, April 10-Anti-trust leeislation supplementary to the sherman act probably will not be m dertakeh at this session of congress on the broad scale originally outlined by the administration. This became known here tonight, democratic sen ate and house leaders agreeing that a practical solution of the vexatiops problem to cope with evils of big bus mess through legislation had been suggested.
 The plan, it was asserted, is to pass one bill which would create an interstate trade commission with broad powers to investigate affairs of corporations and with specific author ization to inquire into the relation to commerce of interlocking directorates, holding companies, stock. watering, the issuance of railroad securities and price discriminations which tend to destroy competition The commis. sion would recommend to the next congress what further trust regula tive legislation it deemed advisah'e for the welfare of the country.
 Such a culmination of an anti-t,pst law originally suggested by President Wilson in a special message to con gress has been working out in t2n- ference between the president tnd senate and house leaders for many weeks
 The task tentatively outlined in bills proposed assumed proportions that precluded its accomplishment, leaders believed. in view of other legis atiye problems confronting congress and also because of the many conflicting opinions of men in the councils of the dominant party as to just what should he done.
 It was pointed out tonight that President Wilson in his trust mes sage sought merely to suggest to con gress evils of big business which needed regulation. Since then he has had many conferences with members of the house and senate committees which from time to time have sr0mit- ted tentative trust regulation pills.
 Some time ago a subcommittee of the senate interstate commerce com mittee was appointed to incorporate into one measure all features of The various bills contemplated. Sfnte that committee has been at work many stumbling blocks have been en- countered as to how far congress should go in enacting legislation sup plementary to the sherman act just what would strengthen the provisions of that act and just what might weak en it.
 After many conferences of demo cratic and republican senators who in turn have conferred with members of the house interstate commerce and judiciary committees a tentative amendment to the senate bill to ere ate an interstate trade commission has been drawn, designed to take the place of proposed bills to prohibit or regulate interlocking directorates, holding companies, stock watering, to provide for government regulation of the issuance of railroad securities and to solve the problem of destruc- tive price discrimination.
 It would provide that all these prob 1 lens be referred to the proposed in- ! terstate trade commission, directins ! an exhaustive study of the subject | for the information Of congress.
 President Wilson, it became known ! tonight has had this solution Of the | problem presented to him and admin istration leaders declare he has look ed on it with favor. The president tonight could not be reached at White Sulphur Springs, w. Va. White | house officials declined to comment on the reports.
 Senator J. T. Robinson of Arkan- sas. a member of the subcommittee of the interstate commerce commit tee especially assigned to work out the trust legislative program, made a frank statement tonight of his view of the matter.
 .'Th'ere are some radical differ ences.7 said Senator Robinson, be i tween the trade commission bill soon | to he reported by the house commit | tee on interstate and foreign com merce and that which the senate | committee has tentatively agreed on 1 We of the senate committee who have had some part in the preparation or this bill believe trade commission should be vested with broad powers and as result of this belief 1t may i,e ex6ected that a bill soon will be reported which will make the com mission in many respects an inde- obeadent body with liberal powers.
 .sIn my opinion. t is within the range of possibility that this proposed trade commission may be vested with anthnritr 10 inYestigate the relation