Evening journal., 1914-06-06
CITY BUSINESS
MEN TO DISCUSS
TRADE QUESTIONS
Vote Will Also Be Taken On
National Chamber Of Com
merce Referendum
new Corners TO
attend Luncheon

The last MONDAY luncheon meet
ing of the Chamber Of Commerce be-
fore the summer recess will be held
in the Hotel DUPONT next Tuesday
1t will be pre-eminently a business
meeting, most of the time to be de-
voted to the consideration Of Ref
erendum No. 5 on the report Of the
special committee of the Chamber of
Commerce of the United States on
trust legislation, relative to pro-
posals for legislation regulating
business practices, and the ten rec
! concentrations embodied in the ref
erendum by the special committee
/ will be voted upon at the luncheon.
| Philip Wohlstetter, president. II. w.
Stohl, treasurer. and A. c. Simpson,
secretary, Of the Rex Talking Ma
chine Company, will be present as
guests of the trade body, and will
make short addresses. This new in
dustry will occupy the old Liggett.
Myers tobacco plant on Vandever
avenue, coming to this city from
Frankfort, Pa.
That each of the members Of the
trade body may be thoroughly posted
upon the contents of the referendum.
and the recommendation to be voted
upon, the following statement has
been distributed:
"As members are already aware
Referendum No. dealt with the pro-
posed establishment of an interstate
Trade Commission. the scope of
which would be apparently to regu-
late business in the same manner in
which the Interstate Commerce Com
mission regulates the railroads
Referendum No. 8 however, goes
further into the consideration Of
antitrust legislation now impending
before Congress and puts ten diff
ferent questions upon which it de-
sires To have expressions of opinion
from our members.
"A meeting of the committee on
legislation is called for Monday, June
Sth, at 8 p. m. in room 1886 DUPONT
Building, for the purpose of a pre-
limlnary discussion and recommenda-
ton, after which the entire referen-
dun VIII be referred 10 the member
ship with the committees recommen-
dations, on the 9th inst.
FOR the information of those who
may not understand the full import OF
the referendum and its various items,
the ten propositions are quoted below:
THE committee recommends that
there should be no attempt by statute
to forbid determinations in prices OF
commodities.
"Ihe committee recommends that
proposal to compel persons controlling
the product of mines to sell to all APP
plicants who may be responsible IS
wrong in principle and unavoidable in
practice.
"The committee recommends that
there should not be statutory prohibi-
tion OF conditions accompanying sales
and leases TO the effect that buyers or
lessees cannot handle or use the pro-
ducts of competitors.
"The committee recommends that
the final decree in an equity suit
brought by the government, which
establishes the existence or the ron
existence OF a restraint of trade or
of a monopoly, should be exclusive
evidence as to the same general fact
in private actions brought against the
same defendants under the antitrust
laws.
The committee recommends that
lhteIiOcklng oil directors among COM
Detitive business corporations, includ-
ing railroad corporations, should be
prohibited regardless Of the size of
corporations if elimination Of com
petition among the corporations in
question would constitute a viola
tion of the Sherman Act
The committee recommends that in
terlockmg Of officers and directors be.
tween railroads and industrial husi-
nesses with which they transact q sub
stantial volume Of business Tor ex.
ample, in the relation Of buyer and sell
lerl should be prohibited, except in such
instances as the Interstate Commerce
Commission may determine are not
detrimental to the public interest.
Should interlocking of officers and
directors between railroads and bank
ers with whom they have financial
transactions be entirely prohibited?
Should there be legislative prohibi-
tion OF such interloeking with a pro
vision that q find of the Interstate Com
merce Commission to the effect that in
q particular instance there was no detri-
Continued on Page Two.