Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-06-22
TOB0ARD0F TRADE
FOR FINAL ACTION
Report of Subcommittee on
Referendum Relating to
Antitrust Legislation.

Several recommendatio made by a
special subcommittee of the executive
committee of the Board of Trade were
favorably received by the executive COM
mittee Of that organization at meeting
today. The recommendations were in re-
gard to a referendum submitted by the
Chamber of Commerce of the United
States of America and related to anti
trust legislation.
One proposition was referred back to
the subcommittee with power to act.
This was. That the final decree In an
equity suit brought by the government
which establishes the existence or the
non-existence of restraint of trade
or of a monopoly should be conclusive
evidence as to the same general fact
in private actions brought against the
same defendants under the same anti
trust laws.
All of the propositions will be brought
before the Board Of Trade at a special
meeting to be held July 1 at 4:3o pm
Propositions Favored.
Following are the propositions of the
referendum favored by the committee:
That there should be no attempt by
statute to forbid Determinations in prices
of commodities.
That 3 proposal to compel persons con-
trolling the products of mines to sell to
all applicants who may be responsible
is wrong in principle and unavoidable IN
practice.
That there should not be statutory
prohibition of conditions accompany
ing sales and leases to the erect that
buyers or lessees cannot handle or use
the products of competitors
That interlocking of directors among
competitive business corporations. in
Guiding railroad corporations. should
be prohibited regardless of the size OF
corporations II elimination OF compe-
tition among the corporations In ques.
ton would constitute a violation of
the Sherman act
Question Of Interlocking.
That interlocking of officers and direct
ors between railroads and industrial BUSH
nesses with which they transact a sub
stantial volume of business (for exam
pie, In the relation Of buyer and seller)
should be prohibited except in such in
stances as the interstate commerce COM
mission may determine are not detri-
mental to the public interest.
Legislation in a form which would not
pronounce illegal existing situations. but
would authorize the interstate commerce
commission. upon finding a detriment to
the public interest In any interlocking, to
order that 1t be terminated.
concentration of credit should be referred
for investigation and recommendation to
the federal reserve board or some other
competent body.
Stock Ownership.
That corporate ownership of stock, d.
rectly or indirectly, Of competitor cor
porations should be prohibited if elimina-
ton Of competition among the corpora
tons in question would constitute viola
ton of the Sherman act, except in such
instances as the interstate trade commits
sion Tor the Interstate commerce commits
sion in the case of railroads) may deter
mine are not detrimental to the public
interest
That there should not be an attempt
to regulate the shares of stock issued
by corporations engaged in interstate
commerce.
A suggestion made in a letter from
]. W. Hunt, urging that persons trying
to sell machines designed to prevent
the raising of checks, should be pro-
hibited from showing how this might
be done, thus educating persons along
criminal lines. was referred to the
committee on law and legislation.