Pine Bluff daily graphic., 1914-01-18
WILSON MESSAGE MEETS APPROVAL Cabinet Members Hearing It, Place o. K. to
 Document.
WARNING IS SOUNDED.
President Points Out Dangers That
 to Sherman Antitrust Law.

Washington. Jan. I.-PreSldent Wilson will outline his trust ]egisla- tive plan to Congress early next week. He is expected also to tell what he wants in the way of rural credit legislation in aid of the farm e:s. With these statements from the White House, Congress will begin in earnest it's legislative grind for the l,1g essioo to put through the gen. eral legilation necessary for the oper- a,lon of the governments machinery, a ,d to meet the demands of differ en; sections and localities of the country.
 The Presidents trust message. ex- pectedby Congress Monday, was heard by the Cabinet members today, ard met their approval. It will the legislative way for antitrust legislation that is to be framed by tie Democrats and is expected to as- sure passage of such legilation by Congress before the close of the pcresent session.
 Warning against danger in ame1d- ment A to the Sherman law because o: the certainty that amendment to ttat organic act will result in long litigation to get judicial construction, the President will insist that the law shall be strengthened and clarified through supplements legislation. He will ask Congress to send him bill or bills providing.
 That persons found guilty by the courts of violation of the law against nlonoply or restraint of trade shall be liable to personal penalties ln- stead of civil penalties and that penitentiary and jail terms instead of nominal fines shall be imposed.
 That a federal interstate trade co commission or board shall be author ized with power to pass on the legal | ity of interstate commerce methods and acts of the great industrial cor porations of the country. This board shall have authority to demand O1 corporations that they shall desist from business methods that tend to prevent expedition and the destruct- | ion or absorption of their rivals. Stress is to be laid on the fact that l if tusiness conditions are to be kept healthy in this that all business must be unfettered and must be given g
 f.:ir field without government or ad-
 vantage.
 That Congress shall make specific l wLat it considers resetraint of trade S, that courts shall not be left in doubt and the law can be applied
 unifmorly. There vii be recommen-
 dations for modification of the "rule
 ot reason" as to restraint of trade
 laia down by the supreme court ir
 it's construction of the sherman law
 Recognizing impossibility to take l from the courts right of the judicia judgement the resident will ask tha1 | Congress shall mark limitations
 bounding the courts in their decis' l io.s.
 1 That interlocking directorates shal be prohibited under penalties pro viding personal punishment and thai
 individuals shall not be permitted tt
 act as directors of industrials whicf complete in any way or which should
 complete. In connection wirn 1hl,
 recommendation will be a suggestion 1 for legislation preventine price fix
 iIg agreements. formal or informal
 through so-called gentlemen's agree
 ment. and division of trade territory
 With recommendation for thi' legislation launched. the resident will
 ei.er on plans for rural credit legis
 lat,on, p ending to give the fa)rmer'
 easier and better banking facilities
 His messafe on the subject is expect
 ed to follow the trust message with in a short period. Both the trus
 and the rural credit legislation ar
 ta he put through Coneress by th' l President at this session in spite Q
 the desire of members to get ava.
 for political work early in tho cum liner. ..l. '. ls... 2. .i.- '.