Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-02-08
CUMMINS PEEVED
OVER ACTION OF
DEMOCRATS
Decision of Majority Senators
10 Eliminate Trust PROPOSE
tion Of Progressive RepubIi-
cans Is Resented


Washington. Feb 7-One of tnc
ners confronting thH ran
cnngress n charge ef the udminisra-
tlen anti-trust Legislation program b.
how far the administration shall go
with the regulation or prohibition oi
holding companies Others are the
perfection of the pending interstate
trade commission measure and the
drafting of "a measure giving the In
tcrstatc Commerce commission au-
thority to regulate railroad securities.
Not thc least of Che tasks is maintain
ing harmony so that reasonably
prompt action ma, Doe procured
Having had the subject of trust leg-
iflation before them for Two weeks
considering bills outlined bye Presi-
dent Wilson I'm his message TO congress
end listening "a suggestions from citi-
r.ns. house and senate leaders have
a clearer misunderstanding of what is
before them. but many points have
arisen upon which further light IS de-
sired Further conferences with tho
president are contemplated within the
near future.
Senate leaders sought today 90 pla-
cate some Of the republican members
of the Interstate commerce committee
vho have expressed Indignation bee
cause amendments proposed 90 the
Interstate trade commission bill. and
considered i'm the fun committee were
rejected by democratic members in
tfr... 90 Of ltaf
ator Cummns. author of several of
the proposed amendments, and Sena-
ter Clapp left meeting of the COM
mittee Yesterday when they learned of
this action Senator NeWlands. chair
man Of the committee, and some of
his colleagues told the republican
members today that their co-opera-
ton IN perfecting the trust bills was
earnestly desired, and assured them
that no final disposition of amend
ments was Intended TO be taken IN
conference Of democratic members
alone.
House judiciary and Interstate com.
merce committees viii continue their
hearings next week Proposed legis-
lation AGAINST holding companies I.
one of the principal tasks III hand now
ihoing considered by the judiciary sub
Icunmlttee which has decided thai
lthis Legislation should De restricted q
/ the acquisition by holding companies
of stock in competing concerns. Mem
berg Of the subcommittee are much
impressed with tho contention tha
while "a holding company Is device
frequently adopted 90 violate the anti.
trust law. it also ls capable Of us'
/ in an entirely innocent manner and q
create competition instead of Il
siine It,
Chairman clayton and his confer
ecs of the sub-commitec agree tina
somc form Of the holding corporation
I are essential TO competition.
Representative Morgan of OKLA
homa. teld the house committee on IN
tcrstate commerce today. chat the ad
miuistration bin 60 create q fedora
trade commission was Objectionable
because il would give ia commissiei
jurisdiction over al corporations eh
eaaed in interstate business instead o
limiting jurisdiction 60 large corpora
tions commonly known as trusts
Amendments on this line are bein'
considered 'by the senate nterHtat'
commerce ccmmluee AIT Morgan ta
ycfcd restricting the commission lnf
Ilsalctiun to corporations having
aross annual output Of $1,000 600 II
said that white this would ineina'
frem aen fe 500 cooperation out .
26s. 900. i would include cofpofh
iions which employ one third /"
the waee earnors n manafaoiurinl
.assi.s.4 .as. ...at aral'Hre 80 ner cent Q
ithe eoantrsa manufactured products