Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-01-20
President Wilson's S Policies Are
to Be Followed With No At
tempt at Bringing n Other
FeatureS,
| SHERMAN LAW NOT
TO BE COMPLICATED
Completed Measure May
Be Put Up to Democratic
Caucus 10 Insure Early Fa-
yorable Action,

10y soHmpe JOURNAL srselAL lgAssp waEl
Washington. Jan TO- Democratic
members of the senate Interstate conn
merce committee and the house Judi
clary suh-committee, held Joint con
florence late to-day 20 discuss the pro-
posed antitrust legislation on which
President Wilson VIII address con-
gress in joint session tomorrow.
The conference was arranged In the
interest OF cooperation between the
committees which are TO have charge
OF the trust legislative program to b.
framed following President Wilson's
message on the subject to be delivered
tomorrow. Senator Newlands and
Representative Clayton headed the
committees, which met IN Senator
Newlands office In the capital II
was determined that there shall be-
several bills proposed in addition to
measure thar would create an in
tersiate trade commission. the latter
TO serve as an aid 70 the courts in
keeping corporations within the terms
Of the sherman antl-truat law and.
as President Wilson termed Il 70 call
crs today TO facilitate the processes
of accommodation as contrasted
with the processes Of suit in deal
ing With big business.
Hhe biH for the creation 0f the
trade commission Us tentatively
drawn by the house subcommittee.
was read TO the majority members
OF the senate committee today. This
measure, it was stated. would provide
for a commission Of five members. To
be appointed by the president The
commission would have authority %
conduct investigations into complaints.
to aid the courts IN the execution OF
DEGREES and vested with other powers
Of lending aid both to the government
aud business in order TO keep bust
ness Ia the straight path and avert the
necessity for prosecutions.
The basis for the measure was the
trade commission bin introduced last
session by senator Newlands. Many
OF the radical features Of the New
lands bill however are said 10 have
been eliminated and otner features
added which would coincide with the
view of the president Tho measure
also eontemplates The absorption by
the proposed commission OF the hu-
reau of corporations. now branch
of the department OF commerce,
other blis were discussed among
them measures 10 prohibit intcfloek
ing drcetOrntes. the control OF rail-
road securities and prohibition of
holding companies. II was the gen
eral opinion that no measure would
bc offered amending the terms Of the
sherman act. az It stands. but that
all legislation proposed would be sup
Elemental 10 that act
We mad general preliminary
conference on the whole subject
said senator Newhnds tonight. "and
wa found that there " much common
ground between the committees as to
the work before us. As to the inter-
state trade commission Bill. which has
been outlined by the judiciary sub
committee, ! was amazed to find the
fine suggestions that have been mado
whereby such IA commission can be of
assistance to the courts and to the
government in the regulation Of big
business
Senator NcWlands added that the
discussed the question of
hearings aud consultation with other
and also members outside
the committees and that II was de-
tefmined to widen the scope of con-
as the work progressed.
Eventually. after representatives Of
All parties have been consulted. the
bills may be made party measures AZ
to whether democratic caucus would
he called to pass upon the bills. Il
was said no determination had been
reached.
We viii give the widest latitude
for discussion. said Senator New
lands we want every member Of
who has views on this i'm
portant subject 20 be- heard. When
the committees have agreed as TO the
COURSE to be pursued, it is our purpose
to widen our scope Of consultation as
much AZ possible before final action
Later. IT may be deemed advisable
10 present the bills finally drafted as
of the party IN power
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