The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-01-24
Legislative Program Is
Not Last Word in Pro
posed Legislation.
OTHER MEASURES .
NOT INTRODUCED
Hearings on Questions Relating
to Various Remedial PROPOSE
tions to Be Held Before
Measures Go to Congress.
Democrats Hope to
Avoid Caucus.

Washington, January 23.-The anti
trust legislative program. as outlined
In bills made public yesterday, is not
the last word In proposed remedial
legislation to regulate big business.
That tho tentative measures submitted
may be altered or extended was en-
phasized to-day In both branches of
Congress. and the President let 1t be
known that he did rot consider that
the forms of the bills drafted were
final.
Pursuant to the purpose Of admins
tration leaders to exhaust the subject,
it was determined by the House judi
ciery and Senate Interstate Commerce
Committees not to introduce at this
time tho measures relating to prohi-
bition of interlocking directorates.
definitions OF restraints of trade, and
specification OF "cut throat" competi-
ton Hearings on the questions are
to be held before the bills go to Con-
gress.
To nc Tnken Up Next Week.
The interstate trade commission bill,
introduced yesterday. Will be taken up
next week by the House Interstate
and Foreign Commerce Committee,
sions suggested by the judiciary Sub
committee. and Senator Newlands,
chairman OF the Senate Interstate Com
rerce Committee.
The fifth OF the proposed bills, that
to authorize Federal regulation of rail-
road securities, probably Will not be
drawn for several weeks. AS a basis
for this measure, however, bill In
troduced some time ago by Represen-
70 tiy. da n
will be taken.
Plans for the hearing now are en-
gaging attention. Representative Clay
ton has called n meeting OF the Judi
ciary Committee for Tomorrow to fix
a course OF procedure. When the
Democrats of the Senate Interstate
Commerce Committee met to-day to
discuss the subject, the suggestion was
made that hearings should be conduct
ell Jointly by the House and Senate
committees in order to expedite con-
sideration OF the bills.
Late to-day Representatives Clayton.
Carlin and Floyd, of the Judiciary
subcommittee, conferred with Senator
Newlands and other Democrats OF the
Interstate Commerce Commission, in
cluding Senator's Smith. OF South Caro-
lima: Pomcrenc. Thomas, Myers, Rob-
inson. Salisbury and Thompson.
I'VE are exchanging views" said
Representative Carlin later. going
over the bills studiously with view
to determining where they may be i'm
proved, and 10 insure harmonious ac-
tion upon any changes that may be
submitted.
Members OF both committees af-
ter discussing tie question OF making
the bills party measures, through cau-
Il a. .l,at
would not lie necessary to handle them
in this way. In this connection, SEN
ntor Newlands pointed out that all
minority members would be given an
opportunity to participate in delibera-
tions on tho bill at hearings and
through consultation with tho com
mittees.
Another Joint conference of the
House and Senate committees will be
held tomorrow.
Position of President.
Washington, January 2S--1t was
stated at the White House to-day in
explanation OF remarks py the Pres-
dent concerning Stock Exchange leg
islation. that tho President does not
mean TO intimate that he viii, oppose
taken the position that his duty is to
push legislation recommended in the
Baltimore platform, and that he will
succeeds i'm leading his party toward
the carrying out of the pledges in the
platform.
The President took this position
cations to favor legislation in their he
half and he has taken the same posi-
tion on other subjects.
AS to stock exchange. and cotton ex
change legislation. il is expected the
Democratic leaders will confer with
the President. and a decision be reach
ed between them as to whether bills
on these subjects shall be pushed at
this session.
Senators and Representatives inter
ested in legislation to reform methods
changes, now pending in Congress de-
clared to day that there is no plan to
ahate the campaign for these bills.
Vt is recalled at the Capitol to-day
that there was an express understand
ing when the tariff bill was in prcpa-
ration and the Clarke amendment pro-
hibiting cotton fnt.reS na,de gave way y,,d to
upon bill at this session to regulate
exchange dealings in cotton and cotton
futures. President Wilson was reported
ment.' '
Chairman Lever. of the House Com
mittee on Agriculture. has such bill
in hand, and as soon. as the appro-
priation bill is out of tho way. will
bring 1t before the committee.
Sentiment Is strong in both House
ton exchanges and speculative deal
ings In that staple. 1t is regarded as
certain that bill on tho subject will
be reported before spring.
Samuel Unterrnyer, tho moving figure
in the Pupo committee investigation.
which brought out the report recon-
mending drastic regulation of the New
York Stock Exchange. was at the Cap
itol yesterday and stated with posi-
tiyeness that the campaign for the leg
islation had not been abonded
Chairman Owen. of the Banking and
Currency Committee. who has intro
duced bill regulating the operations
OF the stock exchanges. with the pur-