The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-27


made In tho meetings of the majority
members of the Interstate Commerce
Commission. He laid them before Presi-
dent Wilson at conference yesterday.
The first amendment was a substitute
for section 3 of tho Dill Senator New
lands personally Is not favorable to this
amendment, but has prepared II as a
basis for consideration and TO meet the
demands of some Republican members
II changes the language OF the section to
make IL apply TO corporations CONNER
cial. mining and manufacturing" which
are engaged In interstate and foreign COM
merce which have annual gross receipts
exceeding s2.5oo.0oo. II does not bring
wbhin the Jurisdiction OF the trade COM
mission corporations whose annual gross
receipts are s2.500,Vo0 or less
Want Publicity Feature Changed.
Another amendment submitted was pro-
posed as substitute for sections 4 and
IL. II Is drawn to meet objections to the
original draft, which was condemned be-
cause 1t afforded opportunity for dis
closing matters which IL was believed
would not be OF special benefi. TO the
Government and rndght embarrass the cor
porations. The proposed amendment
authorizes the commission to make pub
lie such Information as II may deem
proper except so far as may be necessary
TO protect trade processes names OF Gus
toners and such other matters as the
commission may deem not ~ be OF pub
lie interest"
Another tentative amendment is q SUBJ
SHUTS s, LOT secuon Z, whicn - intended to
make that section more drastic and ap-
piles the penalties not only 10 persons who
make false returns OF information TO the
Trade Commission, but also to those who
"wilf,lly make any false entry In any book
of accounts or record OF any corporation
subject to the provisions of the act"
An amendment proposed as a substitute
for sections and . rewrites and con-
denses the language empowering the com-
mission to make Investigations into
alleged violations of the Sherman act and
TO report Its tnding 10 the Attorney
General.
Probably the most interesting and i'm
portant new amendment submitted by
chairman Newlands was substitute for
section 10 This Is Intended to cover the
critical due process feature
rms sectioh authorlzes the trade Conn
mission 10 assist the course IN proceedings
NJ equity prought uhoer the sherman law
ms ai'ehu'ent p'oN'ues 'n"t the court
may az aiS s'"te III 'i'o H'sa.ioh reieF
10 .ne co'i'hssio'' any issue III the cause
or any pI1poseu oecree entereu or aues-
IONS IONS, reIa.x ~ .ne ehIoree"ient Q, any
nra,,os.s ~ hs g '" any 'eo'e'
"oroseu " ue ..se'
M. .ia'newsoi saiu uIe Woposeu SUD
~, NC " I ,Ni, ue ..'i
,,,a".,. a,,o-,a"a ~, ~. Ca,.s.
~ INV ''"'''''
Gala IL Reelection nm Courts.
!. ioo"S !" me ING reHeV,'on On our
eodr's 70 eaii IN u uaue conii'issloh from
the eAecutiYe oePat,H'sHt 70 "ssst .he
sourus III iIa"'ihs '"o uecree' eusses'eo
Mt; brahueeee,
ne 'esai represe,ta''e ot .he 'natho"r
OF commerce sa'd ne doubted whether or
no. was aev'saoie 10 reGu'te corpora
.'ohs 10 NE annual rePoI's' inns PROVISION
IN section had alarmed business men all
over the country ne SAID ana no advised
,he coinint'ee 10 oui' tha' reaulreIneht AZ
,ets. uhtl u'er inc 'esisia''oh ma" re-
".e"eu tho r'snN ot .he ooyerh
men. 10 requ'Fc Reports rom hatiohai
oanAs, pecauso tno Governments had I'M
uertaAe'' W pro'ec. eepos'to1s' anu saio
that Us 10 INTERSTATE raiiroans the inror-
nation was necessary Tor the proper ex-
erc!se OF tho rate making POWER
but IN this bill you are dealing with
private corporations. not public utilities
corporations and the business OF these
private CORPORATIONS has no reasonable or
| intimate relation TO interstate commerce
or anti-monopoly statutes" suggested Mr.
Msth~wson.
Mr.. Mathewson warned the committee
also that the feature Of section s which
authorizes tho trade commission TO require
corporations to furnish detailed informa.
ton Of the most confidential character
and which proposes TO give the oommis-
sion or its agents .complete socess to al,
records. accounts, minutes. books and pa.
pers OF such corporations, Including the
records Of their executive or other connit.
| teeo.as VI 'ne'' eAo.u'''e Ut o.heI coiniilit-