The Sentinel=record., 1914-01-29
INTERSTATE MEASURE IS FIRST /, TRUST LAWS TO BE TAKEN
 UP BY SENATE.
TO PROTECT TRADE SECRETS
m the Hearings Care Will Be Taken . Not to DivuIge Methods of Differ. ent Business instltutions--House to Hold Hearings.

Washington, Jan. 2S--Perfpc,io, oi the interstate trade commission
 olli, introduced in the senate and
 mouse last week as the first of the
 antitrust legislative measures of
 the administration, was begun today
 Dy the senate committee m inter-
 state commerce. 1t was determined
 at the outset that no public hearings
 other than those to be held by the
 house committees would he neees-
 sary. An amendment proposed to-
 day would limit to a certain extent
 the publicity feature of the measure
 by prescribing principally that no
 trade processes, list of customers or
 like trade secrets submitted to the
 commission by corporations should be made public. As the bill now stands all information concerning
 the business of corporations is re- quired to be made matter of public record. Another amendment will be proposed later to enlarge the DOW
 CTS and scope of the commission. Hearings before the house judi
 cia7y committee will begin tomorrow
 on the various bills proposed to sup
 plement the Sherman act Repre-.
 sentative Clayton, the chairman to-
 day. asked Representatives Stanley of Kentucky, Henry of Texas (demo- erats), and Lemroot of Wisconsin
 (republican), who are~not members of the committed, to appear at the hearing All are particularly inter. ested in trust legislation and will suggest amendments to perfect the bills tentatively drafted
 Commissioner Davies of the fed eral bureau of corporations, who un- der the Clayton interstate trade commission bill would become chair man of the new board and whose bureau would be merged with the commission, has been asked by Rep- resentatlYe Adamson to appear be- fore the interstate commerce com- mission Friday to discuss the pro- posed commission and the regulation of railroad security.
 There was informal conference to- day between Representatives Clay- ton Floyd and Carlin of the judiciary and Samuel Untermyer of New York regarding the three bills before the Judiciary committee relating to amendments to the Sher- man antitrust law. MT. Untermyer had number of suggestions to make regarding the legislation to be fram- ed by the committed Representa- tive Henry who also has conferred with MT. Untermyer, will discuss with the judiciary committee his bill to amend the Sherman law by defin- ing explicitly what constitutes mono poly or conspiracy in restraint of trade and providing prison terms for violators and by adding an adoption of Texas law to provide that the sherman act shall not apply "to members of organizations not for profit and without capital stock, or to agricultural problems or to live stocks in the hands of producer or raiser"
 Representatives Stanley and Len root also have bills amending the sherman law on the docket of the committee on which they will speak.
 Some opposition is developing to the salaries proposed in the inter- state trade commission bill which would give each of the five members of the commission $10,000 annually and the secretary $7.200. An amend ment would be proposed to limit the membership of the commission to three.