The Washington herald., 1914-07-23
TRUST PROGRAM
BEFORE SENATE
Clayton and Railroad Sc
curities Bills Completed
by Committees.
DEMOCRATS TO EXPEDITE
Caucus Votes to Abolish Morning
Business and Displaee Rivers
and Harbors Bill.
DEMOCRATS TO EXPEDITE

The administrations full trust program
was laid before the Senate yesterday.
Last night q conference Of Democrats
was held and q policy with respect to the
three pending measures was mapped out
The Clayton omnibus trust bill was re-
ported to the Senate yesterday and the
Interstate Commerce Committee reported
the railroad securities blll. which It has
oeen considering since June last The
bill includes within its provisions only
such electric railroads as form part Of
the general systems Of steam roads. From
all these the InteFstste Commerce Com
mission Is directed TO require annual re-
ports and the commission Is given full
access TO all necessary books and ac-
counts and other records
Railroads are made liable on through
bills Of lading for full actual loss. dam
age, or injury to property caused by any
common carrier No agreement as TO
Limitation Of liability viii be legal This
Is the amendment OF Senator cummins
Where goods are wrapped or boxed so
as to be hidden from the carrier, the
the value.
, After July /. 1915. it is made unlawful
for any carrier to issue any evidence Of
Indebtedness or security, even though
permitted so to do by the authority
SAN@SA6 N44G OCIPOTAlIOnt unless IOr the
following reasons: Purposes Of con-
stFuotion, extension, bstterments, or
equipment Of its RAILROAD or facilities;
payment or refundIng Of q valid debt;
relmbursements OF funds Temporarily ad-
vaneed for these purposes; for the law
ful acquisition OF the property of or in
terest In another carrier; protection Of
the property before acquired or its i'm
prnvsmsnt II not connected with its husi-
ness a. q common carrier, II such ex-
penditures viii not inJuriously AFFECT the
pusac interest
Commission to Supervise.
For these purposes securities can be
Issued only after investigation by the
OF the purposes and uses
to which they are to be put None Of
these securities may be used for any
purpose other than set forth in the
application without the consent Of the
commission The commission IL given
power to enJoin any violation of its
orders in the district courts OF the
United States, and any person guilty
OF violations II liable TO hne or i'm
prtsonmsnt, or both.
A Democratic conference Of Senators,
attended by nearly all Of the Democratic
Senators In Washington. which lasted
from o'clock until nearly II o'clock
lasI ulButT took steps 70 expedite pend
ing legislation with a view Of an early
adjournment. Most of the time was de-
voted TO discussing the river and harbor
bill, and II was finally voted to put this
measure over until after the appropria-
hon bills and conference reports have
been disposed Of and three trust bills |
have also been disposed Of II was voted |
TO make the trade commission fbIll the |
unfinished business until altar II 10 dis |
posed Of and then TO proceed to the Clay |
ton bill. and follow that with the rail- !
road securities bill Thereafter the river
and haroor bill will be considered and
disposed Of.
Beginning today the Senate will meet |
iaily at II o'clock and continue IN session |
intil in the evening. and instead of ad- |
burning each day, 1t will take a recess,
which VIII operate TO cut out the morn
ng business" or oficlal routine of each
iay' thus gaining that much more time
or the consideration Of the trust bills.