The Harrison times. (Harrison, Boone Co., Ark) 1876-1938, 1914-01-24
WOULD BAR CONCERNS BEING
INTERESTED IN BUSINESS
OF COMPETITORS.
DETAILS LEFT TO LAWMAKERS
Executive Personally Outlines His
Trust Policy at Joint Session
Tuesday-Favors Public Hear
lngs for Proposed Bills.

Washington. Wilson in
his message on the trust question, adj
dressed personally to joint session
of congress, in part said:
Gentlemen of the Congress; In my
report ON the State Of the Union
which / had the privilege of reading
to you on the I'd Of December last,
| ventured to reserve for discussion
at later date the subject of add
tional legislation regarding the very
graphical and intricate matter Of
trusts and monopolies. The time now
seems opportune to turn to that great
question; not only because the cur
rency legislation which absorbed your
attention and due attention OF the
country in December Is now disposed
OF, but also because opinion seems to
be clearing about us with singular ra-
pidlty In this other great field Of ac-
ton. In the matter OF the currency
It cleared suddenly and very happily
after the much.debated act was
passed, In respect TO the monopolies
which have multiplied about Is, and
in regard to the various means by
which they have been organized and
maintained, II seems to be coming to
clear and all but universal agree
ment In anticipation Of our action, as
II by way Of preparation, making the
way easier TO see and easier to set
OFT upon with confidence and without
confusion OF counsel,
Legislation has It's atmosphere like
everything else, and the atmosphere
OF accommodation and mutual under.
standing which we now breathe with
40 much refreshment Is matter Of
sincere congratulations, II ought TO
make our task very much less diff.
cult and embarrassing than II would
have been had we been Obliged to con.
tInuo TO act amidst the atmosphere Of
suspicion and antagonIsm which has
30 long made II impossible to ap.
proach such question with dspasson.
ate fairness. Constructive legislation,
when successful, is always the EN-.
bodiment OF convincing experience
and OF the mature public opinion
which finally springs out Of that OK.
peronce. Legislation Ia business
Of Interpretation, not Of orlgination;
and II IN now plain what the opinion
Is to which we must give effect In
this matter, II 10 not recent or hasty
opinion. Il springs out OF the expert.
ence OF q whole generation. II has
clarified Itself by long contest, and
those who for a long time oombatted
with II and sought TO change II are
now frankly and honorably yielding
TO Il and seeking 10 conform their
actions to t."
Tho president leaves TO congress
the task Of framing the detailed reno
dies, Besides the provision for an
interstate trade commission, the pro.
hibltlon Of interlooklng dlreotorates
end reduction OF the "debatable area"
Of the Sherman law three hitherto
ufannounced features OF the presi.
dents plan are;
L. The prohibition OF holding com.
pNnles, Corporations would be forbid.
den 10 own or hold shares or be IN.
iereBted IN the business Of actual com.
petltorR or c0gnatc concerns; and the
acquisition of stock or interests in
nonoompottiyo concerns would be
possible only with the consent Of the
interstate commerce commission or
the proposed Interstate trade commits.
sion
2 Empowering the interstate com
moroo commission TO regulate and
supervise the Issuance Of aecurltIea
by the railroads 80 that the public
would exercise through the commits.
sion q certain control over the future
uses to which the money obtained
from the Issue Of stocks or bonds
would be put
g. Wherever NJ the lnatanee OF tho
government either In civil or Grim
inal proceedings, the courts have rem.
dored Judgment on the unlawfIlnesa
OF any combination, individuals or
concerns aggrlcyod though tho com.
bInatlon would have the benefit Of
such adjudication, and not bo re-.
CURED IN their suits 10 prove again
the lllegality Of the combination,
H#HHHa.HHHaHH H.H.a