The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1914-06-06
Trade Commission Measure Only
One Reported Out by Com
mittee Today
HOUSE PASSES THREE BILLS
Chairman kewIands Makes State
ment Explaining Attitude of
the Senate

Washington, June 6-The senate in
terstate commerce committee voted to
report out only the trade commission
measure of the three trust bills passed
by the House yesterday and this is
construed by many as an indication
OF the limitation of the administra-
tion's program at the present session
of Congress.
Chairman Newlands said the COM
mittee later might take up supplement-
al legislation and issued this state
ment: "The committee determined
today To segregate the trade COM
mission bill from supplemental legs-
lation and the members have author
lied me to present an amendment in
the nature of substitute for my
original bill for trade commission
The committee concluded to name the
trade commission the federal trade
commwission instead of interstate
trade commission, i'm order To clearly
distinguish il from the interstate COM
merce.
THE fear expressed that this bill
will inaugurate the wholesale acquisi-
tion of the 100000 corporations of the
country is groundless."
Some of the administration sena-
tors said the committees action did
not foreshadow curtailment of the
trust program. this season.
All three measures of the admins
House late yesterday.
The Covington interstate trade COM
mission bill was passed without rec
ord vote; the Clayton omnibus anti
trust bill received 275 votes to "a
against it. and the vote on the Rayburn
railroad capitalization bill was 1926 TO
12
The adjournment problem now is
squarely up To the Senate and the
Democratic leaders on that side of the
capitol are expected to agree upon a
program in the near future
Substance Of the Measures.
The Covington trade commission
bill creates a commission with broad
inquistorial powers over corporations
engaged in interstate commerce. The
bill turns over To a commission of three
members appointed by the president
the power now held by the bureau of
corporations i'm the department of
commerce and confers on the commits
sion additional powers.
The Clayton bill carries provisions
designed to strengthen and support the
Sherman law and other acts against
and restraints Of trade.
The bill contains prohibition against
price discrimination; provisions against
holding companies and interlocking !
i'm concerns under the jur- |
isdiction of the federal government, |
and provisions guaranteeing labor and |
farmers organization their legal eX |
istence under the sherman law. limit
ing the use Of the injunction i'm labor |
disputes and providing for jury trials |
in cases of indirect contempt of Jurt |
The bill also forbids iniunctions
against striking. peaceful pickcting, |
primary boycotts, the payment of strike
benefits or the peaceful assembldge Of
strikers and contains n provision !e-
such acts.
Close regulation and control Of Tie
stocks and bonds OF railroads bv the
commerce commission is
provided by the substitute for the
Rayburn bill. The committee diyideG
he Rayburn measure into two see
ions i'm order that one might stand if
he constitutionality of the other fail.
I'd i'm the courts. The bill makes II
unlawful for any common carrie To
ssue stocks bonds, notes or other evil
lences of Indebtedness without the ap-
lroval of the commission. 1t aisc
would make it unlawful for any dlrcc-
or or officer of railroad to profit
W the sale or disposition of to,ks on
ponds.