Evening star., 1938-06-24
President Tells NeWsmen
He Will Give Answer
Tonight.
ANTITRUST ADVISERS
CALLED FOR FARLEY
Morgenthau, Roper and Douglas
Among Group-Pump. Printing
Program Under Way.
BACKGROUND

Congress closed last session NTH
rush OF important legislation, au-
thoris'ng creation OF seueral neu
agencies and undertaking OF seperal
important inquiries Among major
investigations looming is s.that into
monopoliStic concentrations of busi-
ness po1Der and Uedlth, requested
in special message from President
last April. Before Leaving for busy
summer OF travelling and speaking,
President is expected to clear way
for these activities.
President Roosevelt, back in Wash
ington to take personal command of a
new recovery" drive, will disclose to-
night whether he plans to call special
session of Congress before next jan
uary.
The disclosure will come during
radio address to be broadcast at $50
o'clock over three Nationwide net
works, Mr.. Roosevelt said at his press
conference today.
Although finishing touches are to be
put on his speech later today, the
President arranged numerous other
Important tasks for his first - hours
back in Washington.
Foremost among today's under
takings, perhaps, was conference ar
ranged with his principal advisers on
antitrust matters. preliminary to
the governmental inquiry into mo-
nopolistic business practices.
Group Called for Talk.
The group summoned included Sec
retarles Morgenthau and Roper of
the Treasury and Commerce DEPART
ments, Assistant Secretary of Labor
Charles V. Mclaughlin, Assistant At
torney General Thurman Arnold and
Chairmen Garland S. Ferguson and
William O. Douglas of the Trade and
Securities Commissions.
Each of the six departments and
agencies they represent will have a
member on the l2-man commission
which will inquire into monopolistic
practices with view to recommending
new legislation. Three Senators and
three Representatives comprise the
other members.
MIR. Arnold, Mr.. Ferguson and Mr..
Douglas probably will be members of
the board. Richard C.. Patterson, jr..
new Assistant Secretary Of Commerce.
Is expected to represent his depart
ment, and John w. Hanes, who soon
Will be an Assistant Secretary of the
Treasury, probably will act for Secre-
tary Morgenthau's department.
Arrived Back Today.
Mr.. Roosevelt reached Washington
by train this morning one of his COM
panlons for part of the trip from HYDE
Park being Thomas Corcoran. assist
ant counsel for the Reconstruction
FINANCE Corp. and one of the closest
presidential advisers.
mus far. the principal subject mat
Ter OF tonight's speech has not been dis.
closed, but two subjects. the s3753.
100000 spending-lending drive and the
Government inquiry into monopolistic
business practices, are expected to fig
ure prominently.
Pump Printing Under Way.
The pump-priming drive got Under
way mere this week before either Mr.
Roosevelt or P. w. A. Administrator
Ickes had reached town with allot-
ments OF loans and grants for public
works projects totaling s139,I56, ,974 in
two days.
The monopoly probers also have
been making their preliminary plans
with governmental economists and
prominent industrialists sitting joinclv
IN informal conferences. Another such
meeting is scheduled tonight even
while Mr. Roosevelt is making his ad-
dress. Prentiss j. Conley, promi-
nent in the Commerce DEPARTMENTS
Business Advisory Council arranged
the session.
Although not touching on the pro-
cedure to be followed, Senator O'Ma-
honey. Democrat, of Wyoming, one
OF the congressional group to partici-
pate in the inquiry, made it clear in a
speech yesterday at the National
Press Club that the committee hopes
to gain the support Of the great ma
Jority of the Nations corporations
in efforts to break down the concen-
tration of power in the hands of rela-
lively few giants"
Contrasting 594 corporations of
more than $50,00O,O00 assets each
with N,0c0 corporations having less
than $5o,000 each in assets, the Sem
ator described the former as eco
(See ROOSEVEI Page A.al