The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-06
TRADE COMMISSION
BILL PASSES SENATE
Two Democrats, Thomas and
West, Vote Against Presi.
dents Measure.
CLAYTON ACT rs TAKEN Up
Trust Programme and Adjourn.
ment Are Expected Now
by August %.

wAsHfNGroT, Aug s.-Tho r-ds.,l
trade commission bill. the fr'l ~ the
three antitrust bills 20 be Considered
by the Senate, was passed this ctcrbc
BY vote of SO 20 is. Two Democrats
Thomas and West-voted against IL
The following Republicans voted To-
tho bill Brady. Bristow. Clapp, Crav.
ford, Cummins. Fall. Gronna .iore,.
Kenyon. Norris. Perkins and Sterling
These Republicans voted against II:
Brandegee. Burton. Catron. Clark q,
Wyoming. Colt. Gallinser. Lpr'tt Ma.
Wyoming. Colt. Gal,nger. Lippltt. sroo.
Sutherland and Weeks
The only independent. amendment a.
ded to-day was one by Senator Ssulsburv
of Delaware providing that corporation,
having capitalization OF 100000 should
maintain an agent In Washington to ac.
cept service. Senator Ponerene had
two small amendments accepted, one Z,
permit a complainant In a. proceeding be.
fore the Trade Commission to appear
by attorney and the other requiring that
a record OF proceedings be kept In evary
case.
After the passage OF the trade ourn-
mission bill the Clayton bill was mad.
the unfinished business. Tho Senate now
hopes to finish the trust programme
and adjourn by August 25
The bill passed to-day establishes q
Federal trade commission, TO be com
posed of five members, not more nan
three Of whom shall be members ~ the
same political party. The President vii
make these appointments subject TO con
| frmatlon by the Senate.
Tho commissioners will draw $4,000 a
| year each and the bill provides for a sec
| rotary at $4,000 and an assistant secrs-
| tary at $4,000
with the organization Of the commits
sion the Bureau of Corporations shall
cease to exist az such and the offices OF
Commissioner and Deputy COMMISSIONS
of Corporations will be abolished and thu
working force of tho office merged with
the Trade Commission.
II is expected that the President will
make Joseph l.. Davies Of Wisconsin. At
| present Commissioner of Corporations. the
| head of tho new commission. Tho hi
provides that one commissioner shall b.
appointed for three years. one for -four
one for Ave. one for six and ono TO-
seven years. but that thereafter the term,
shall be for the full period Of sever
years. The commission II authorized h
elect a secretary and assistant and u
/ appoint the necessary attorneys, &C
| countants, experts, examiners specia
| agents. &c, All the employees will b.
under the classified service except tn
secretary, assistant secretary, one clor'
| 10 each commissioner and the attorncv'
and experts.
The commission gets authority to %
vestlgate the organization. financial cor
/ dillon, conduct. practices and manaE,
ment OF any corporation engaged IN con
merce and its relations to other corpo-a
tons or individuals, associations m.
partnerships.
II IL authorized to require oorDorl
tons to open their books. disclose tho
records and produce books. document
correspondence, contracts. memoranda
&c. regulating transactions. The ~
quistorial powers Of the commission 49,
very broad.