The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-06-24
TRADE COMMISSION BILL
IS FAVORED IN REPORT
Senator Newlands Will Call Measure
Up To-Day and Make 1t Unfin-
:. ished Business.
ENAcTING CLAUSE REMAINS
Only Feature OF House Bill Kept In
as 1t Comes From Lower Branch.
Proposed Commission Is to Deter.
mine What Is Unfair Competition
Especial to The Times-Dispatch.

lSDcclal 10 Inc Times DtSp1tCn.l
Washington, June o3.-A strong re-
port in support of the Senate Federal
trade commission bill was made to tina,
body this afternoon by Senator New
lands. who expects TO call the measure
up tomorrow and make il the uniin-
ishcd business. The Ncwlands bill is
4 substitute for the House measure, the
only thing remaining in the bill as IL
came from the House being the enact
ing olause. They are alike in principle,
but totally different as TO detail. In
the Ncwlands bill. the proposed COM
mission is given full power 10 deter
mine what is unfair competitions.
and empowers the commission to pre-
vent such competition.
The esta blishncnt of a trade com
mission when the Interstate Commerce.
Commission WAS established" Says thu
report. would have prevented the ex-
traordinary development Of monopo-
listic organizations in industry. Ic
this commission had been in existence
during this period. we would not now
have 20 deal with such organiZa lions
as the United States steel Corpora
ton, the International Harvester Com
rany, or the American Sugar Refining
Company: the American Tobacco Com
panv would never have been organized
and even the Standard Oil Company
would never have survived the disso
luton OF the old Standard Oil trust In
1892. Such a commission would have
kept in limited bounds the activities
OF Il multitude OF price fixing associa-
tons in different branches of business.
which. together with the great trusts
have been potent causes Of the present
high cost Of living"
with the development of public
sentiment on the subject of trade
commission" the report continues.
l.,
with respect TO the extent of the power
to be lodged III such commission.
Some would found such commission
upon the theory that monopolistic in
dustry is the ultimate result of eco
nomic revolution. and that II should
be so recognized and declared to be
vested with public interest. and as
such be regulated by the commission.
This contemplates even the regulation
OF prices.
Others hold that private monopoly is
lntolerablc, unscientfic and abnormal,
but recognize that a commission is
necessary adjunct to the preservation
,of competition and to the practical
enforcement of the law. The function
Ioi such commissions would be as dis
tinct and different as the IDEAS upon
which they arc founded"
The commission proposed bv The
pending bill in the Senate is founded
upon the latter theory. And" the re-
port continues. Iii would appear to be
the part of wisdom to proceed care
fully With that end in view, the
committee has aimed to provide a body
which will have sufficient power
ancilliary TO the Department of Justice
10 aid materially and practically in
the enforcement of the Sherman law
and TO aid the business public as we'll
IL conditions demonstrate and warrant
there VIII be natural growth in the
power OF this body"
The value OF such administrative.
oversight and control" the report en-
phasizes. has been recognized I'm the
banking and transportation business
we have in the Comptroller of the
currency the newly created Reserve
l'oard and the Interstate Commerce
commission, practically illustrations of
the operation OF such organizations
ana frequent eXamples~ of the benen-
cial eHertcs of their activity. AS the
general realization of these facts is
widespread and confined 10 no one
particular party. the introduction of
this bill for n trade commission simnlv
responds TO a general need"
The Judiciary Committee TODAY
again considered the boycott and other
labor features of the Clayton bill. The
DEFINITE decision has been reached that
these must be substantially modified
ana labor shorn of the extraordinary
privileges and exemptions the House
granted.
The details of how this is TO he
done have not yet been worked out.