The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1920-12-30
Refuses Consent for Fur.
fher Delay in Matter Of
Interlochng Direct0-
rates of Carriers
BUSINESS is NOW IN
N WAITING FOR LAWS
DELAY SOUGHT IN A MATTER
WHICH NOW HAS BEEN HELD
IN ABEYANCE FOR THE
LAST SIX YEARS

IA Washington, Dec. 30. - President
Wilson vetoed today, the joint reso-
luton designed TO suspend a section
Of the Clayton act. prohibiting COM
mon carriers from dealing with any
concern having interlocking director
ates, with the carrier, except to a
limited extent as to contracts.
In his message returning the re-
{jccted bill, the president mentioned
among the reasons for his veto he
opinion that business waits for laws,
which will effectually prohibit and
prevent such interlockings OF the
personnel of the directorates Of great
observation-disclosures and railroads. in
dustrinl, commercial and public serv-
ice bodies-as in effect result in
making those who borrow and those
Who lend practically one and the
same; those who sell 'and those who
buy but the same persons trading
With one another under different
names and in different combinations.
md those who affect to compete in
fact partners and masters OF some
whole field of business.
THE grounds upon which further
Extension OF time for the enforce
Hhcnt OF the bin is asked. in addi-
Non TO the six years and more that
havr already elapsed, layo been
6tated They are:
t "l-That the carrying into effect
Of the existing provisions Of Section
10, will result in needless expendi-
turee on he part OF the carriers In
many instances.
NJ "2-That some Of its provisions
Vare unavoidable. and that the changed
nont Of the transportation act require
a revision Of Section 10 in order 70
make it consistent with provisions
Of the transportation trade.
"3-when il is considered that tho
congress is now in session and can
rsadly adept suitable amendments IL
they shall be found TO he necessary
such reasons for further delay appear
10 me to he inadequate. The sound
ness Of the principle embodied In
section 10, appears 10 be generally
admitted. The wholesome effects which
its application was intended to pro-
duco should no longer be withheld
from the public and from the com
mon carriers Immediately concerned
whose protection 1t was particularly
designed"
The measure vetoed was Senate Bill
No. 1926 amending Section SOL Of fh'
transportation act. by extending TN
\ effect date Of Section 10. OF I'M
Clayton Act. Tho history OF th'
clayton bill as given in tho presi
dents message reveals that tho ac'
because law on Oct. Is. 1914, ant
II was provided that Section II
should not become effective until two
ycars after that date. in order ina
tho carriers and others affected migh'
b. able to adjust their affairs 81
that no inconvenience or confusion
might result.
Further extension of time. amount
inC In all TO more than four years
and two months have since beet
made. These were in part due u
the intervention Of federal control. bu
10 months have now elapsed sine
the resumption of private operation
In all. over six years have elapsed
since this enactment was put upo'
the statute books. so that all Interests
concerned havc had long and ampl
notice OF the obligations II imposes