The New York herald., 1922-12-15
UNTERMYER URGES
STATE RULE UNIONS
And STOCK MARKET
Outlines Legislative Pro-
gram That Would Put
Control at Albany.
LICENSES FOR LABOR
Trade Commission Would
Supervise Actions of
Organizations.
WOULD LIST SECURITIES
Proposals to Lockwood Com
mittee Also Ask Monopoly
on Insurance.

supervision OF all labor unions in this
| State was recommended by Samuel
| Untermyer yesterday at special
meeting of the executive committee of
the Lockwood committee in his Office
at 120 Broadway. The program pro-
posed by Mr.. Untermyer provides for
more extreme legislation OF the sort
than was ever before proposed in this
State, and II enacted would virtually
place botn capital and labor, so far
as they are concerned with labor
unions and stock exchanges and the
selling of securities, under the domi-
nation OF the State government.
Among the bills which Mr.. Inter
myer suggested the committee have
introduced and try to pass is one pro-
viding for a State trade commission
with power to regulate labor unions.
another to amend the workmen's COM
| insurance a State monopoly, another
! would be blue sky law regulating
| stock exchanges. The bill TO regulate
labor unions would require every
union to take out license, the license
not to be granted until the trade COM
/ mission has approved the unions con-
stitution and bylaws.
The members Of the executive com
mittee discussed Mr.. untermyer's pro-
posals, but did not take any definite
action other than TO ask him to make a
more comprehensive review OF the pro-
posed laws. This will be considered at
state Trade Commission.
The recommendations proposed by
Mr.. Untermyer yesterday are as fol-
! lows:
THE establishment of a State Trade
Commission. the purpose of which will
| be the effective suppression of illegal
trade associations and other combina-
tions that are now operating or may
hereafter attempt to operate in TINS
state in violation of the antitrust laws
I The bill will be on the same general
lines as that prepared by Mr.. Inter
myer which was introduced at the last
session Of the Legislature. II is claimed
I
mlnate these combinations by admins
trative machinery rather than by judi
\ cial process. The bill will place in tine
! hands of the commission the prosecu-
| ton OF offenses against the law, and
! the commission will have its own prose
! cutors and other lega, machinery for
! that purpose.
THAT the State Trade Commission bill
be accompanied by u memorial to Con-
/ gress asking that the Federal Trade
\ Commission bill be amended by enlarg
I ing it's powers to conform to those of
/ the state Trade Commission bill, and
/ to place the prosecution Of offenders
against the Federal antitrust laws
under the jurisdiction Of this commits
| sion. which will in like manner have
! it's own\ legal staff Of investigators and
/ prosecutors thus avoiding the duplica-
| ton of work between the Federal Trade
/ Commission and the Department Of
Justice.
state Insurance Monopoly.
"a bill to amend the Workmens Com
| pensation Insurance law by excluding
| all private companies and making II a
! state monopoly. as in Ohio and other
| States. It is claimed that this would
eliminate the abuses and oppression that
have arisen from the competition be-
tween the state Fund and the private
companies. the result Of which has been
A continuous war by the private com
panies for the destruction OF the State
| Fund so that. although the latter does
/ the business for / 3 per cent less than
tho private companies. Il gets only
/ about per cent. Of the business. This
/ Is charged to be due mainly to the fact
/ that employers who are required to
insure their workmen also take out
| other forms OF insurance that are not
! compuIsory--such as public liability
! and the like, and that they give rebates
| upon workmens compensation indirectly
/ through concessions on other lines, In
which there IS no competition by the
I state. II IA claimed that in this busl-
ness Of insuring workmen. which Is
made compulsory on the employers. the
nrlvate companies distribute only about
! sixtv-fiye cents on every dollar connect
cd I'm nromiurns whereas under a State
rnonopoIy at least ninety-four cents on
every dollar could be distributed. thus
/ Increasing the benefits to the workmen
without increasing the burden to the
employers.
"a bin to require fire and casualty in
surance companies 10 dispose OF their
atock investments within five years. and
limiting their future investments to those
that are not permitted 10 life insurance
companies.
"A bin to regulate and supervise the
constitution, bylaws, rules. regulations
and practices OF labor unions within the
state through administrative machinery
that will force the elimination OF the
abuses that have been brought to the at
tention OF the committee in the testimony
taken. and others that there was not
time TO expose The bill Will carefully
Continued on Page Seven.