Fulton County tribune. (Wauseon, Ohio) 1883-1925, 1914-06-12
PRESIDENT TRUST /
LEGISLATION WINS
Caytcn Bill Passed by House by
-ra Vote Of 275 to 54.
LABOR UNIONS ARE EXEMPT
FARMERS Societies Also Aided b.
seasure - Trade Commission
Bill Pass>d Without
Opposition.

Washington, Juna e.-The antitrust
Legislation dictated by President viii
Ann passed the house Of representa-.
tives by decisive votes The three
siils carrying plans for further re
Gprms of big business and an issuance
ID securities win be rushed to the SEN
ate.
On the Clayton general trust bill
which carried the labor and farmers
organizations exemption clause and
Mznitations on the power of courts to
2zsHs iniunctions in labor disputes the
vote was 275 to "a. A roll call on the
xtocks and bonds bill resulted 325 to
H. The federal trade commission bill
passed without opposition.
The Clayton bill, besides the pro
h6Or amendments, carries legislation
RgaInst the use of unfair methods by
large corporations and seeks to re-
Etere competition 1t provides also
against inter1ocking directorates
among competing concerns and be-
tween corporations and their supply
epuzpanies- 1t is believed this provi-
sznn viii bring to the front a number
at new men now held in subordinate
positions because of the enforced re-
zaremeEt of directorates, besides open
Ing to individuals opportunities in the
supplies contract field.
Opposition to this bill came largely
an Inc labor exemption and the in
5zngsiye and contempt sections.
Two Democrats Oppose Bill.
Only two Democrats went on record
ne opposing this legislation They
were White of Ohio and Geary of
Kkrde Island. The latter announced
IL p4ir with another member and with
Scew his vote. All the Progressiyes
wEeept Chandler of New York voted
knr the b-n.
Republicans voting against the bill
were: Austin, Bartholdt, Calder, Dam
tnrth, EdIlonds, Druckker, Dunn,
Rsrh, Fairchild, Fosss Gillett, Green
wa. Humphreys (Wash.) Kahn.
Keister, Langley. Mcclure, Madden,
Mann, Moore tPa), Paige lMass.).
Parker. Payne. Pratt, Plumley, Sells.
sErreeve. Stevens Mimi, Switzer,
zreadway. Wolstead. Wallin, Willis,
WInslow, Anthony, Britten, Browne
wis.,. Graham (Fa.), Hamilton IN.
Y), Hayes, Kinds. Howell. Johnston
eUtzh], Kennedy tR. ID, Kiess, Mott,
zVelson, Slemp and Steenerson.
AS passed the bill requires railroads
- file with the Interstate commerce
EDruzzission noticesof all proposed new
security is-ues and the commission ID
Euthorized TO prohibit such issues
where the purpose of the Issue Is not
improved or the physical value Of the
property does not justify it. A later
report by the railroads must state the
rash received from the sale of the new
aEsua and the purposes to which the
EasEa was Sprlied. There is a provision
ia the bill also against interlocking
ksrectcrates among competing rail-
ru1ds or the service Of an individual
nm two or more common carrier direc-
Ecrzfes without the consent Of the com
usission
The federal trade commission bill,
xttfch passed without opposition, Gre
Etes new Independent commission
OF three members to supervise the op-
grxtfon Of the big business corpora
lfsRs to the end that monopolies and
restraint of trade may be prevented
khr30gh publicity and advice. This
rnmmission is to assist the courts in
dissolution proceedings to bring about
zfectiye dissolution. Where unfair
zsethods are employed by corporations
To crush competition the commission
ran advise prosecution unless such
gractises are discontinued on notice.
Tine president is to appoint the COM
Hsizsioners. who shall divorce them
selves from all business and receive
s2ch a salary Of $4,000 a.year.