Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1919-08-12

WASHINGTON, Aug. 11.-Another
blow was aimed at the high cost Of
living today in a bill introduced by
Senator kellogg, Minnesota, to Ii
cense large corporations under the
federal trade commission.
This is along the lines of one Of
the suggestions made by President
Wilson to congress in his message
last Friday.
Along with Senator Kellogg's reso-
luton another senate move to re-
duce prices was put underway when
Senator Cummins; chairman of the
senate interstate commerce commit
tee, appointed a subcommittee to
frame measures recommended.
The subcommittee is made up OF
Senators Townsend, LaFollette, Wat
son, Underwood and Smith, South
Carolina.
) Mr.. Kellogg's bill would require
all corporations with capital or as
sets of 100000 to operate under
federal license. The federal trade
commission would be authorized to
revoke licenses of corporations at
tempting monopolies or other activ-
tiles IN restrain of trade. Mr.. Kei-
II ogg, in presenting his bill suggest
ed that the bill might be amended
. to reach smaller concerns.
Senator Ke11ogg's Opinion
"It is my opinion that prosecu-
ton under the present antitrust act
is not a sufficient remedy Senator
Kellogg stated.
There should be a department of
the government having power of su-
pervision. not necessarily Interior
ing with the business of the country,
but possessing the power to invest1-
gate publish facts, and take 1mme-
date action to revoke license II
a corporation abuses it's power. with
this power in the federal government
there will be less likelihood of price
fixing agreements. The bill pro-
vides, however, if the license is for
feited, the corporation may protect
Its rights in the courts. 1 would
not give to any executive board OF
the government the absolute power
to bar a corporation from engaging
in interstate commerce.
The bill also regulates the issu-
ance of stock and securities by SUCH
corporations and requires all stock
issued to be fully covered either IN
property or money.
On the floor of the senate, Sen
ator Borah, Idaho. urged prosecu-
ton of profiteers in commenting on
published figures showing earnings
. of eighty-two corporations. Other
senators Joined in the debate
Farmers Seek Publicity
A delegation of farmers represen-
tatives arrived here today, ready for
4Iaunching a publicity drive to con-
vince the consumers that the prices
wheat raisers are getting for their
crops are not the basic cause OF the
high cost of living. This delegation
met wheat senators. Senator Gron-
ma, chairman of the agricultural
committee prepared a statement to
be issued tomorrow in behalf of the
farmers.
Meanwhile, a repeal Of the govern
ment wheat price guarantee, $226
bushel, was before the house and
senate agricultural committees They
were to meet to discuss this propo-
sition.
Attorney General Palmer's legal
campaign to halt profteering and
boarding appeared to have been fur
Their strengthened today by his re-
vival of the fair price committees"
of the old wartime food administra-
ton. Mr.. Palmer telegraphed for
mer state food administrators ask
ing them to request their county ad-
ministrators to name sch commit
tees. Each committee will include
Representatives of wholesalers, re-
tailers. consumers and the public
generally, and will denounce any