The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-13
MII0RAWETZ FINDS
TRUST BILLS FAULTY
financial Expert Says They
Don't Make Sherman Law
More Definite.
VAN TlSE ALSO CRITICAL
goth Urge Caution at Annual
Convention Of /. =. Cham
her Of Commerce.

c,.ulSGruS, Feb. 1.-THE Admins
,,,,ior's antitrust programme got much
tvsrso criticism and also received strong
-dorsement by speakers AT to-day's ses-
.I,r Of the Chamber OF Commerce Of the
,.ri,cd states, In annual convention here.
The mort notable speeches We're made
.,, Victor Morawetz OF New York city and
t., sid.ut Charles Van ltisc of the tn-
costly OF Wisconsin. Both speakers
~ -eed that the greatest care should lie
',,en by the draftors of the antitrust bill,
.o tina, legitimate business activities
should not he restrained or discouraged.
They united in approving the Presidents
aea for the establishment OF an inter-
tate trade commission. but said that the
~, which has been introduced In Con-
r-ess should he amended In many par
,l.llArs So as to define more clearly the
-wers OF a." proposed body.
Vr Mu-awctz declared that al acts
which create nionopolies In product or in
.-adu g., contrary to the common well
fsrc flr believes that they should be
p-ohiN'trd definitely 10y the law.
pr Var Hisc. on the other hand. Is OF
,hc opinion that II would b. unwisc to
prohibit nlOuopolies altogether and that
only tvos.. shown to be detrimental to the
punlc good should be done ava, with.
He declared that the most important
fNilu"ll't ~ ln' Sn'T1nbn ACT mas Dttn
tie accclerston OF the process OF con-
c.airsiiDI of industry -the very opposite
OF Nhat WAS Intended
The decisions that the trust was Illegal
h, sad. led to the establishment OF the
holding companies and the attacks made
upon th, holding companies have rapidly
sccelei Aied tine evolution OF the complete
merger Or Van lIise continued;
"Wh.rcin will the public be benefited
by ih" dissolution OF the Union Pacific
md the southern Pacific railways Are
rates more for passengers and freight
than they were before the separation
Ar, they likely 20 become SO? The only
Eject one can foresee 80 far as the public
n concerned in the separation of these
abroad companies Is that there will be
,-vcr through trains. greater expense in
accounting and less close cooperation be-
.v,.u III. two systems IN handling the
i-Dght and passenger business vi the
COUNTRY
Mr.. Nornwrts Opposes TinkerinR.
Victor Mor;tweiz protested against
lukerIng With the sherman antitrust act
AID declared that none 81 the bins now
,o'ore Congress. promised 10 maze the law
more definite and certain.
81 IN, same time Nj. Moraw.z adj
..,',d that more effective Ulachiu. r!''
mfl, ." provided FOR carrying out the
,.pv.. ous If tn. present act. Ho ac-
yvca.rJ III. creation of a' Interstate trade
COMMISSION a. the proper means 20 this
enc.
Before hoginnii.; a review and aiiu!y
s.s Of IN. sherman act of lc9" Mr.. Mora
S,.l SAID:
'ra- sentiments and the hopes expressed
IA ..- Presidents message 81 antitrust
.,r...st.vu have been received with gen
ra trituva. and syfnpathy The great
'.a'..t', - the people asrc" Win tn
p..-... tl-. "a" creation % prINat
n.,rU..y. - g.. the industries and IN tad,
10 .aio.c,.A.e AID should be stopped,
"Tl-y ARE .t,so that thu desired re-
.u.t shou,G u. attained without ''arins
w e; L.s .1ots OF ,insu'ilny Legitimate.
b.sls.s. without rlakiuS sweeping and
lo,1 changes and without importing III,
ii-,1Je. e.. st'."u when H. essential IL
I'll ...; .,a successful enterprise.
"Ai Ight minded people agree that
~, snia.uuis.u between Government and
...u.>s should end and all want the
iGoused r's,' that Is honor ana iTee'
org, apd prosperity.
"lt = certain that the business men
4 Il Is country ar. ready and anxious &c
met the Government IN hearty coopera-
Ton 20 attain these bcn-hceut ends"
lie sad hat IT,. Presidents message
tho.,1 De read moi only a. AN assuvanc.
..a promise 80 law-1 biding business men
l-. tlru a. o. caution, as an "Nh"Ftatlo'
q 'aa lexis ..tige branch OF Government
g. spirit OF suspicion ANA antago'
Lsu," said Mr. Morawtez. (Which has
sf-c,ra some of our Legislators. as wei
~ some OF their constituents. sh"ui'
ctiS.. The srcs.t problem under consul
tg,-luu ,h"uld - approached in new
s,l.t. iu u spirit ~ thoughtful m"dera
:,.. free from prejudice ana from con
s.r.at.ous ga n."lr political .<p"ni"ncN
NJ MOre Wrt4 said thnt some OK rae
a:t-..I,, bids Introduced In Congress
rsrs not conceived %. this spirit ana ina
Instead OF furnishing safeguards 70 IN
.-s'." "wslid place shhcklcs upon !esiu
nae uc,.a"s- ol.'.Ipr.s..
T.a ri. ezs necessary 20 tne pros
rert TO-. .;r country" ne said, 'canno
% '5'u. tea under a set Of rules adapt.'
'n'y - s. grocer. store"