Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-05-25
MCCOY WORKING
\ ON AMENDMENT
TO MONOPOLY BILL
Provides for Complaints Re-
ceiVed Against Prohibition of
::3teFIooking Directorate.
ITrom a STAFF Correspondent


WASHINGTON. May $50 many
complaints have been received by
Representatives Mccoy, futile, Town
send and others against the prohibi-
ton of interlocking directorates in
the antitrust bill that Representa-
tive Mccoy has taken up their side of
The case. He has found a way he be-
lieVes out of the quandary. A way
which will coincide with the dictum of
the President that pernieious inter
locking directorates must be abol-
ished and at the same time provide p
middle course to permit such inter
locking directorates where they are
not flagrantly in violation of the prin-
eiples of the antitrust act.
Representative MeCoy's plan is to
put the solution of the evils of inter-
locking directorates up to the Federal
Reserve Board He will introduce an
amendment to the antitrust bill con-
tanning the above clause. He was
working on It when u correspondent
of the Eveningof the Evening Star
called on him in his office this morn
ing. He said he would probably have
IL introduced this afternoon or tomor-
row. Representative Mccoy has been
tied UP 60 many hours a day with the
hearings of the charges against Judge
Daniel Thew Wright that he has had
few minutes for anti trust legislation
or anything else these last three
weeks. He is the chairman of the sub
committee hearing the charges against
the associate judge of the D<strict of
Columbia Supreme Court
Wilson Is Determined.
Word was sent from the White
House that the President will not be
satisfied with anything less than the
passage of some tnti-trust laws. 1t is
known that he has modified his views
considerably about some OF the orig
inal measures, but one thing he still
insists on is that there shall be some
antitrust legislation, so that the
country at large will know that he
has kept faith in that respect.
Representative Dyer, Of Missouri.
and some others, who have been
keen tabs on busir conditions.
have publicly annoEn-z that they
would be pleased to let al antitrust
legislation sleep until next session,
or for that matter until the new Con-
gress comes IL. They point to the
unsettled and unsatisfactory business
conditions prevailing in certain sec
tions of the country, and they con-
tend that if antitrust legislation Is
enacted at this time, it is going to
have the effect of giving business q
setback, and this viii prove bad for
some of the representatives, partie6-
larly those from city districts, in
the coming November election. Not
n few representatives, who have not
the outspoken holiness of Repre-
sentative Dyer, feel the same Wey
and talk the same way privately. but
the word having gone forth from
The White House that there must be
antitrust legislation compels them
To keep their private views in re-
straint.
Doubt About Bilrs Passage.
Notwithstanding the desire Of the
White House for antitrust laws 1t is
an open question whether any VIII
be enacted this session. one way out
of il may be that the House may
PASS the trade commission OH ana
the CLAYTON bill TO supplement the
nresent laws and then adjourn with
cut waiting for action on the part oil
the Senate. This would mean that
there would probably be no real
antitrust legislation for another
wear or more. There is some talk OF
the possibility of a Senate Demo
cratic caucus, similar to that held
bv the House Democrats week ago
to arrange for program fole the
final days of the session.
While the representatives worry
ing about adjournment and are eager
To ret back to their respective homes
to attend to their political fences, no
such worries afflict the senators.
The Senate is a cool place even IN
the hottest days and Washington mas
MANY enticing golf links and not
few attractions for those VINO are
forced to stay here during the heated
term. The heated term Is a relative
term anyway. When you nave I'M
limited electric fan service free OF
cost, cooling drinks for the asking,
free baths right in the Senate once
building and an occasional sail down
the Potomas on one of the govern
ment boats, life is not such a dreary
place in Washington in summer after
all
Under these conditions, the sena-
tors are not worrying over adjourn
ment. The President has tent on
his back lawn and he is willing to
forego vacation again If 1t is neces-
sary and as he feels that antitrust
legislation is necessary, he plans to
stay here until it is brought about. 1t
is becoming noted here now that
when Woodrow Wilson sets his mind
on accomplishing anything, he gen.
orally does 1t. His mind is set on
antitrust legislation.
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