Evening journal., 1914-01-26
ANTITRUST
POLICY TO HIT
ONLY MONOPOLY
President Says Trade Com
mission Will Not Be the
Enemy Interests Fear
NO AMERICAN GUARD
In MEXICO CITY
BY JOHN E. NEvIN.

staff Correspondent OF the United Press
WASHINGTON. Jan. 26-The ad-
ministration's antitrust policy is di-
rected only at such business meth
DDS as are directly in the nature and
spirit of monopoly. Tne President
made this plain TO callers today. lie
held unwarranted the alarm felt in
some quarters that the bill prohibit
ing holding corporations would af-
feet companies that organize subsidi-
aries to meet State legal conditions.
None Of the trust bills, the Presi-
dent explained to his callers, con-
tains anything which would bar from
business anything that is not of itself
monopolistic And so far as the IN
terstate Trade Commission is con-
cerned he indicated that body will not
be the dragon certain business inter-
asts fear Its findings. the Presi-
dent explained. are not binding upon
anyone. 1t undertakes Investigations
NJ the direction of the Department OF
Justice and its reports are made TO
the attorney general, who acts on
them as he sees 1T. 1t prepares or
doris for the court. but the court can
amend these orders as it sees ft.
Whether all Information compiled
by the new board is to be made pub
lie Will he for the commission itself
to determine. The President be-
lieves that at least certain amount
of publicity Will be necessary in view
of the state of public opinion. he
lid not believe, he explained, that
this commission would be as secretiye
as has been the internal revenue
bureau Of the Treasury Department
in connection with its investigation
of corporations liable to the corpor-
alton tax. But one thing that the
President considered certain. he eN-
planned. and that was that business
rivals will not be permitted TO CLEAN
trade secrets as the result of investi-
cations under the new law.
So lar as the situation OF Colonel
George W. Goethals is concerned the
President made it plain today that al
10 time has any one other than the
anal builder himself been considered
or governor Of the zono.
Goethals has already been assured OF
hi. fact by the secretary OF war, al
Tough the President cannot do 10 Until
ic actually issues the order creating
he civil government.
This order is nearly ready for the
..ecutiNc'- signature. and as eNclusiycl,
dated by the nitcd Press a month ago
contains The namc of Gocthals az
Governor with iull power to select hi'
lNm assistants mp to tho number OF =,
100 60 start operation OF the big water
yoy.
lhc President refused to discuss II
nlyancc whether the fact that Goethal'
nav want 10 retire in year or eigh
cen months might cause him TO change
li. mind. saving that -e had no reasol
20 believe that Gocthals intended 4
,,k retirement until after the cana
na- i'm full and complete operation.
The President insisted that undue i'm
lortanco has been attached to his Dime
ouipht TO the cnatc foreign relation
committee. Tie declared that tho roa
,nrnnsc was to discuss all unfinished bus
ness now confronting that cominitte'
ncmdmg arbitration treaties and tn
ike. Ie insisted that there IS not
critical situation confronting this gov
,rnn,nt anvwhcrc. But with the bi
policy measures" ont of the way, tn
President wants TO got into closer re
ations with the big Senate committed
rp TO the present, Japan has not aske
hat q now treaty be negotiated an
.he President believes that the rela
Continued on Page Six.