The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-14
WILSON OUTLINES
ANTITRUST VIEWS
Gives Cabinet Members His Ideas
on Governments Relation to
"Big Business"
PEACE AND NOT WAR is PLAN
Wants Message to Be Influence
That Will Eliminate Conges-
tion of Radical Bills.

Washington, January 1s.-President
Wilson to-day gave Cabinet members
his ideas on the governments relation
TO big business" tho field antitru at
legislation should cover in the pres
ent session of Congress and the spirit
In which he believed tho task should
be approached.
Peace and not war; feeling OF
friendly Cancellation rather than Of hos
tile antagonisnl. and yet construc-
Two program that will eliminate un-
certainty about the law and stimulate
the growth OF legitimate business
these are the fundamentals OF tho
Presidents plan OF action to be embod
led In tho message he will read Mt n
joint session of Congress next week.
lie presented the document to the Cab
met to-day and worked all Afternoon
on minor changes as result of the
meeting.
cabinet members spoke OF the mes
sage as progressive declaration that
would reassure the business world Of
the sincere intentions of the admins
tratfon to deal fairly with IT.
Tomorrow the President Will out
line the message to the Democratic
members of the Senate Committee on
Interstate Commerce and the House
judiciary Committee. While the Pres
detailed legislation. he hopes his mes
sage Will be the guiding influence that
Will keep the scope OF activity within
q well-defined compass eliminating so
far as possible any congestion of rad
ical bills that might be misinterpreted
by the outside world
Features of Plan.
SO far as known, the cardinal feat
ures of the Presidents plan are:
l. Supplemcnting the Sherman anti
trust law to reduce the debatable area
around 1t.
2. The prohibition of interloclsing d.
reCtorates
ity and the fixing OF personal guilt for
all violations.
4. The creation OF all interstate trade
commission to perform the functions
OF a bureau OF information and to de-
termine by it's Investigations whether
DEGREES of dissolution or mandates OF
the court are carried out.
The President Is proceedins on the
theory that Legislation is necessary at
this time, and that there should be no
delay In accomplishing these reforms
The recent action of J. y. Morgan &
co. in voluntarily withdrawing from
numerous directorates on account of n
change in public sentiment" is cited
by administration supporters as evil
dence that the business world expects
interlocking directorates to be- dis
solved.
Change I'm Public Opinion.
In this connection President Wilson
believes the whole course OF public
opinion has undergone remarkable
change I'm the last few years
he believes there has developed now
an acceptance of the principle that pri-
vate monopolies are indefensible and
trusts practice certain things which
ought to be prohibited. The President
also is reiterating to those with whom
he is discussing the subject view eX-
pressed in his preconvention speeches
two years ago-that to stop "joy-rid-
chauffeur and not the automoblle" lie
is expected to recommend in his mes
sonal guilt should be vigorously en-
forced and provision made in all legis-
iation for individual offcnses.
one OF tho most important features
or tho antitrust program is the inter-
state trade commission. This organt-
Zation would not be vested with powers
OF regulation, but would be tho medium
through which the government would
keep tho business world Informed and
eliminate the twilight zone" In big
industry.
There have been repeated requests
Tor Information from business concerns
and the need of an authoritative reser-
yoir of information already has been
Continued On Second Page)