South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-06-06
BILLS DIRECTED
At TRUSTS PASS;
WILSON VICTORY
All Three Measures Approved
by the PreSident-Get Big
Vote in House and Will
Reach the Senate Today.

WASHINGTON, June 6.-The anti
trust legislation dictated by Pres. VIII
son passed the house Friday afternoon
bv decisive votes The three bills car
rving plans for further reform of big
business and in issuance of securities
will be rushed TO the senate SatnT Jay.
on the Clayton general trust bill
which carried the labor and farmers
organization exemption clause and
limitations on the power of courts 10
issue injunctions in labor disputes the
vote was 275 10 54. a roll call on the
stocks and bonds bill resulted 325 TO
II The federal trade commission bill
passed without opposition.
The Clayton bill besides the pro Ia
Dor amendments carries legislation
against the use of unfair methods by
large corporations and seeks TO re-
store competition. 1t provides also
against intcTlOck1ng directories
among competing concerns and be-
tween corporations and their supply
companies IL is believed this provi-
sion will bring to the front a number
OF new men now held in subordinate
positions because Of the enforced re-
tirement OF many men from positions
on a number of directOrates. besides
opening TO individuals opportunities In
the supplies contract field.
Bill is Opposed
Opposition to this bill came largely
on the labor exemption and the in
junctive and contempt sections. Sew
eral lawyer members Of the house
argued that other sections of the bill
were vague and involved and would
require judicial interpretations before
they can be enforced.
Republican leaders contend that the
section eXempting labor unions from
provisions of the antitrust laws
makes OF labor a privileged class,
Al. F.,.rI "a Il is hnl o.
sponsible to the law. They urged
also that the restriction on the judges
IN issuance Of restraining injunCtiOnS
in labor disputes opened the door 10
the commission of violence by strikers
and was a blow at the powers and
dignity OF the courts.
Only two democrats went on record
as opposing this legislation. They
were White Of Ohio and Geary OF
Rhode Island. The latter announced
pair with another member and
withdrew his vote. All the progress
sives except Chandler of New York,
voted for the bill.
Republicans voting against the bill
were;
Austin. Bartholdt, Calder. Dan
forth. Drucker. Dunn, EdmOnds. Esch,
Fairchild, FOss. Gillette, Green (Ver-
mont; Humphreys (Washington);
Kahn, Keister, Langley Mcclure
Vania) Paige (Massac husetts); Park
er Payne. Pratt. Plumley. Zells,
Shreve, Anthony, Britten, Browne
wisconsin,; Graham (Pennsylvania);
Hamilton (New York; Hayes, Kinds.
Howell, Johnson (Utah); kennedy
(RhOde Island) Kiess. Mott. Nelson,
Slemp and Steenerson.
Regulates stock Issues.
The bill given 10 the interstate COM
merce commission the power TO reg
ulate the issue OF stocks and bonds by
common carriers was opposed by
southern states rights men because it
carried no provision retaining in state
railroad commissions the powers they
now have under state laws.
As passed the bill requires railroads
TO file with the Interstate commerce
commission notice of all proposed new
security issues and the commission is
authorized TO prohibit such issues
where the purpose of the issue is not
approved or the physical value of the
property does not justify it. A later
report by the railroads must state the
cash received from the sale of the
new issue and the purposes TO which
the cash was applied. There is pro-
vision in the bill also against inter-
locking directories amOng competing
railroads or the service of an individ-
ual on two or more common carrier
directories without the consent of
the commission.
The Bartlett and Stevens amend
ments were defeated on statements by
mem ers of the house interstate and
foreign commerce committee that
there could be no conflict in author
ity between the interstate commerce
commission and the state commissions
and that ample exceptions 20 the
general law were carried in the bill
10 enable the railways 10 make all
necessary new issues
The federal trade commission bill
which passed without opposition ere
ates new independent commission of
three members TO supervise the opera
tiOn OF the big business corporations
that mOnopOiize and restrain trade
may Doe prevented through publicity
add advice The commission IS
10 assist the courts in dissolution pro-
ceedings 90 bring about effective dis
solution. Where unfair methods are
employed by corporations 10 crush
competition the commission can ad-
wise prosecution unless such practices
are discontinued on notice. The pres
ident ls 90 appoint the commissioners
who shall divorce themselve from all
business and receive each a salary OF
$4,000 a year.