Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-01-23
TO DEBATE
ON PRESIDENTIAL
TRUST MEASURES
Text of Four Bills Outlined in
Wilson'S Message Made .
Public.

WASHINGTON, Jan. 23.-Adminis-
tration leaders in Congress settled
down today to deliberations on the
tentative anti. trust measures de-
signed to supplement the Sherman
act, In accordance with suggestions
of President Wilson.
Measures prohibiting interlocking
directorates, defining restraints in
cluded within the meaning of terms
of the Sherman act, and prohibiting
cut throat" competition, were intro
duced in the House by Representa-
tive Clayton and agreed upon in con-
ference.
osns for extensive hearings were
discussed in the House judiciary COM
mittee. The interstate trade commits
sion bill was referred to the interstate
commerce committee to be perfected
after hearings. The three bills re-
lating to the Sherman antitrust law
will not be introduced until perfected
after hearings. Applications for op-
portunities to be, heard received by
both committees included one from a
delegation of Boston business men.
Samuel Untermyer conferred with
several members on the stock ex-
change regulation bill.
That there should arise no necessity
for party caucus action on any Of the
antitrust legislation was the hope ex-
pressed by Democrats of the interstate
commerce committee.
Senator Newlands, chairman of the
Interstate commerce committee,
planned to also introduce them, with
the Interstate Trade Commission bill
in the Senate as soon as the Alaska
railroad bill was out of the way.
In fhe frada att0DG n1aa sire M
provision was made for the prohibi-
ton of holding companies as sug-
gested in President Wilson's message,
but 1t was announced that the COM
mittees would further consider that
phase of the trust regulation program
and probably would add a section to
the bill.
The text of four of the measures
prepared by the House judiciary sub
committee, for submission and con-
sideration by the full committee, were
given to the public in accordance with
the Presidents program of publicity
last night. Hearings will be held on
all of them. The three bills to be
introduced embrace the following
subjects:
An interlocking directorate bill
A Sherman law definitions bill.
A trade relations bill.
Fifth Measure Not Drafted.
Chairman Clayton announced that
fourth projected measure, which
would provide for government regu-
lation of railroad securities, had not
been drafted and would be taken up
by the House and Senate interstate
commerce committees.
The Sherman act definitions bill
would include within the meaning
of the terms '.every contract" "com-
bination in restraint of trade or COM
merce,' combination in the form of
trust or otherwise" and the word
''monopolize" as used in the act, any
trade combination or agreement
which purposes:
ITO create or carry out restrictions
in trade or to acquire a monopoly in
any interstate trade, business, or
commerce.
ITO limit or reduce the production
or increase the price of merchandise
or of any commodity.
"To prevent competition in manu-
featuring, making. transporting. SELL
ing. or purchasing of merchandise,
produce, or any commodity.
ITO make or enter into any ar
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