Middletown transcript., 1914-07-18
BUSINESS VOTE
ON TRUST BILLS
National Chamber Of Commerce
Gives Result Of Wide Poll.
SO STATES IN THE QUIZ
Opposes Attempt To Stop DIscrImIna-
tlon-ProhIbItIo Of InterIoek-
ing Dlreetorates Of Corpora
tlons Is Strongly Indorsed.

Washington, D. C.-Results Of 3
referendum on the trust bills pending
in Congress, conducted by the Cham
Der of Commerce of the United States
among its constituent members, were
announced here at headquarters of the
Chamber.
Some organizations declined to vote,
giving as their reason that they re-
garded such legislation unnecessary at
this time.
Business organizations in So States'
casting a total vote of 559, recorded
their views.
Adverse Vote Heavy.
The vote against attempts by
statute to forbid determinations in
prices of commodities was 531 to %.
That a proposal to compel persons
controlling the product Of mines to
sell to all applicants you may be re-
sponsible" is wrong in principle and
unworkabie in practice was voted SIT
to 80.
That there should not be statutory
prohibition of conditions accompany
ing sales and leases to the effect that
buyers or lessees cannot handle or use
the productions of competitors was
voted 514 to 35.
That final decree in an equity suit
brought by the Government, which
establishes the existence or the nom
existence of restraint Of trade or OF
monopoly should be conclusive evil
dence as to the same general fact in
private actions brought against the
same defendants under the antitrust
laws was voted 484 to 62.
That interlocking of directors among
competitive business corporations, in
cluding railroads, should be prohibited
regardless of the size of corporations,
if elimination of competition among
the corporations in question would con-
stitute a violation of the Sherman act,
was voted 491 to Al.
Opposes InterIocking Boards.
That interlocking of officers and di-
rectors between railroads and indus
trial concerns with which they trans
act any substantial volume of business
should be prohibited except in such in
stances as the Interstate Commerce
Commission may determine are not
detrimental to the public interest, was
voted 494 to 33.
That there should be legislation in
form which would not pronounce
illegal existing situations but would
authorize the Interstate Commerce
Commission upon finding detriment
to the public interest in any interlock-
ing to order that to be terminated,
was voted 800 to ~.
That problems involved in prevent
ing concentration of credit should be
referred for investigation and recon-
mendation to the Federal Reserve
Board or some other competent body,
was voted 44O to 43.
Opposes Control Of Issues.
That corporate ownership of stock
directly or indirectly of competitor
corporations should be prohibited if
elimination of competition among the
corporations in question would con-
stitute a violation of the Sherman act,
except in such instances as the Inter
state Trade Commission, or the Inter
state Commerce Commission, in the
case of railroads, may determine are
not detrimental to the public interest,
was voted 432 to IS.
That there should not be an attempt
to regulate the shares Of stock issues
by corporations engaged in interstate
commerce, was voted 445 to "A.