The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1914-04-18
WANTS COMPLETE TRUST Law
PRESIDENT DISAPPROVES OF
PLAN 10 CURTAIL TRUST
LEGISLATION AT PRESENT
SESSION,
|""rC VIII be Made TO Hasten Con.
sldcration Of Single Measure to EN-
oracc Main Points i'm Administer.
tion Campaign Against Monopoly.

disapproval was expressed Inv presi-
dent Wilson today of the pronosa, ,n
congress to curtail the anti-tr,st ,.o
islative programme for this session
Later members of the house Judiciary
subcommittee, who had conferred
with the president on the subfec,
declared that an effort would no
made to report cut quickly a single
measure embodying the substance or
all the separate tentative trust bills
and that legislation also would be
pressed to meet the demands of labor
for restriction of the injunction DOW
er of the courts.
That opposition to carrying out the
full trust legislative programme is
growing among senate and house
Democrats continued ir evidence dur
ing the day notwithstanding deter
mination to revive the effort to Der.
feet measures affecting interlocking
directorates. holding companies, price
determinations and other evils.
Senator Newlands, chairman of the
senate interstate commerce commit
tee, said his committee expected to
report general trust bill soon
though the members had not agreed
upon details.
Before the committee determines
hnaiiy upon it's course it will pass
upon the amendment already pre-
pared to preclude action at this ses-
sion upon anything but bill to create
an interstate trade commission with
broad powers and express direction
to investigate the whole problem of
big business and to recommend to the
next congress what legislation sup
Elemental to the Sherman law should
be enacted.
Unless this plan is agreed to the
committee will proceed to perfect the
tentative measure it has worked out
in five sections. The first section
would create a commission to regu-
late corporations; the second would
prohibit forms Of interlocking direc-
torates in competing concerns; a
third would regulate holding compa-
nies; fourth would deal with stock
watering and the issuance of railroad
securities and fifth would attempt
to eradicate price determinations
which affect competition.
Besides the members OF the house
Judiciary committee. President VIII
son conferred with Representative
Webb OF North Carolina After the
conferences the subcommittee deter
mined upon the following programme:
Speeding up OF committee consid-
Grafton Of the antitrust legislation
with view to reporting as quickly
as possible single bill comprising the
principles OK the Clayton bills on
trade relations, interlocking direc-
torates, holding companies, and def
nitions; inclusion of the anti-injunc-
ton plan in this bill OF in a sepa-
rate measure to regulate issue of in
functions and restraining orders i'm
strikes and other labor controversies
in contempt proceedings for violations
OF injunction DEGREES.
Chairman Clayton Of the judiciary
committee said tonight he hoped to
have the antitrust bills out of his
committee and reported to the house
within fortnight.
A section Of the Clayton bill, which
will be offered before the committee
as basis for the anti-injunction
measure, would estop any restraining
order or injunction i'm any case "in-
volving or growing out of a dispute
concerning terms or conditions Of en-
ployment, unless necessary to prevent
irreparable injury to property or to a
right of the party making the appli-
cation" and these rights would have
to be sworn to by the applicant with
particularly"
The interstate trade commission
bill was reintroduced in the house to-
day by Representative Covington OF
Maryland for the interstate COM
merce committee with some minor
changes. The principal change in the
bill, as already made. is an amend
rnent to provide that in any equity
suit brought under the attorney gem
erals direction Under the antitrust
| law, the court may on the considera-
ter of the testimony refer the suit
to the trade commission to ascertain
and report an appropriate form of de-
cree and that upon such report ex-
ceptions may he fled. The court may
adopt or reject the trade commission
report in whole or in part.
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