The Horry herald. (Conway, S.C.) 1886-1923, June 11, 1914, Image 5
*
PASS TRUST BILLS
?
r HOUSE SENDS WILSON'S MEASURES
TO THE SENATE
TAKES QUICK ACTION
*
House of Representatives Dispatch
Much Autl-Trust I .legislat ion in
Short Order?Now up Defore Senate?
Summary of the Clayton Dill
Delotf.
All three bills on the administration
trust legislation program passed
, the House late Friday and were sent
to the Senate lor action. Opposition
melted away when the final test came
and the voting went through quickly
and without incident.
The Covington interstate trade
commission bill was passed without
a record vote; the Clayton omnibus
anti-trust measure received 27 5 votes
to 54 against it, and the vote on the
Raybtrn railroad capitalization bill
was 325 to 12.
Action on the trust bills came
rather unexpectedly. The three measures
had been agreed to in "committee
of the whole", the Itayburn bill,
as amended by the committee, being
completed late Friday.
When the trade commission bill
came before tho House for a final
vote Progressive Leader Murdock
moved that it be sent back to the interstate
commerce committee, with
instructions to report the Murdock
bill as a substitute. This was rejectkA
ed?151 to 19?and tho pending bill
was then passed without a roll call.
Then the votes on the other two
measures were taken in rapid succession.
Representative White of Ohio
?tio me umy UUIIlOCraL 10 VOte
against the Clayton 'bill, and all the
Progressives voted for it, except Rep?
resentative Chandler of New York.
Forty-three Republicans and sixteen
Progressives joined the majority in
supporting the measure.
The Clayton bill, a part of the administration
anti-trust program, carries
provisions designed to strengthen
and support the Sherman law and
other acts against monopolies and
restrains of trade. As framed by administration
leaders and considered
by the House the bill contained:
Prohibitions against price discrimination,
or arbitrary refusal to sell
k natural mineral products, and
^ against the enforcement of condltional
leases, or contracts of sale
WB under which lessees or purchasers
agree not to deal in the products of
competitors of the seller or lesser.
A provision that decrees in suits
brought by the government under the
anti-trust law shall be final evidence
in suits brought against the defendant
by others, involving the anti^
trust law.
Provisions against holding companies
and interlocking directorates
in concerns under the jurisdiction of
the Federal government, and provisions
guaranteeing labor and farmers'
organizations their legal existence
under the Sherman law, limit*
ing tlie use of the injunction in labor
* disputes and providing for jury trials
in cases of indirect contempt of court.
In addition the bill clears up various
jurisdictional questions and
questions of procedure which have
arisen in the administration of the
anti-trust laws.
The provisions insisted upon by
/jf- representatives of organized labor,
and agreed to after conferences between
them and the representatives
of the administration were looked
upon as the culmination of a long
fight by labor to secure exemption
under the Sherman law.
They provide that nothing in the
jk anti-trust laws shall be construed to
"forbid the existence and operation
of labor and farmers' unions, and
that such organizations and their
members shall not be construed or
held to be "illegal combinations or I
conspiracies under the anti-trust'
laws". How far the exemption will
extend was a matter of debate in the
House, and many members contended
the question would result in long
litigation.
The restrictions placed about the
issuance of injunctions in the bill
are close. It would provide that 110
"preliminary injunction shall be issued
without notice to the opposite
^ party", and that 110 temporary restraining
order shall be issued unless
it shall appear from specific facts
shown by affidavits that immediate
and irreparable injury will result to
property or a property right of the
applicant before notice could be served
or hearing had thereon. The bill
provides that every injunction or rej^/straining
order must be specific in
terms, thus outlawing the so-called
"blanket injunction".
In labor disputes injunctions
would be forbidden by the bill "un!
less necessary to prevent irreparable
injury to property or a property
\ right", for which injury there is no
adequate remedy at law. It would
also forbid injunctions against striking,
peaceful picketing, primary boycotts,
the payment of strike benefits
or the peaceful assemblage of strikers,
and contains a provision legalizing
such acts.
The holding companies provision
COVINGTON TRADE BILL 1
i
PASSED BY HOUSE TO INSPECT
CORPORATIONS.
Broad Inquisitorial Powers Over Cor- ]
porations Are Given to a Newly
Created Commission.
The following is a summary of one
of the anti-trust bills passed by the
House Friday:
The Covington trade commission
bill, the first measure on the administration
anti-trust program as considered
in the House, would create a j
commission with broad inquisitorial
powers over corporations engaged in <
interstate commerce. The bill would 1
turn over to a commission of three i
members the power now held by the
bureau of corporations in the depart- j
ment of commerce, and confer on the
commission additional powers.
The bill provides for the appointment
of three commissioners, no
more than two of one political party,
by the president. The commissioners '
would servo six years at $10,000,
and employ a secretary at $5,000.
The commissioners would be barred
from engaging in any other vocation
while serving. <
After abolishing the bureau of corportions
and the positions of commissioner
and assistant commissioner
of corporations the bill would turn
over the organization and powers of
the bureau to the new commission.
It then provides that all corporations,
with a capital of not less than $5,000000^
except those now subject to
the interstate commerce commission,
shall submit annual reports, records
of its organization, bondholders and
stockholders and financial condition"
to the commission. The commission
may also designate corporations having
a capitalization of less than $5,0
00,000 from whom its desires reports.
It may call for special reports in
addition to the regular annual statements
required by the bill, and would
provide a penalty of $100 a day for
delay in filing reports.
Upon the direction of the president,
the attorney general or either
house of congress, the commission
would be authorized to investigate
and report the facts relating to any
alleged violations would also recommend
possible readjustments of the
business of corporations so investigated
in order that they might conduct
their business in accordance
with the larw. When the commission
finds information as to any "unfair
[competition or practice in commerce,
not necessarily constituting a vlola|
tion of the law," it is called upon to
! report to the president and aid in
making recommendations to congress
[for remedial legislation.
The bill would authorize the commission
to take charge of cases in
which the courts have decided a complainant
entitled to relief under the
anti-trust laws, and recommend "an
appropriate form of decree to the
court". It would also empower the
commission, on its own initiative or
at the request of the attorney general,
to investigate the manner in
which decrees under the anti-trust
laws have been carried out. A report
on such investigations would be
submitted to the attorney general for
action.
The commission is given wide authority
to make public all Information
secured in the course of its investigations,
and is called upon to
submit a report to congress on or before
the first of December each year.
This report would include such information
as the commission has secured
and such recommendations as
to additional legislation for the regulation
of corporations in commerce.
u:ii -i? * * * *
x no mil piuviues, iiowever, mat no
"trade secrets or private lists of customers"
shall be made public in the
reports of the commission.
of 'the act would prevent one company
from acquiring any stock in another
corporation "where the effect
of such acquisition is to eliminate
or substantially lessen competition
between the corporations, or to create
a monopoly". The provision exempts,
however, corporations purchasing
stock solely for investment
and not attempting to lessen competition.
The interlocking directorates prohibition
in the bill is an effort to
reach all corporations, railroads and
banks over which the federal government
has jurisdiction. It prohibits a
director in a concern dealipg in supplies
for common carriers from being
a director in such common carriers;
prohibits a director in a bank
from being a director in a common
carrier for which the bank acts as an
agent or underwriter; directors in
private or State banks, having de- [
. I X - '
posus, capuai, surplus and undivided
profits of more than $SI,500,000, ineligible
as directors in banks in the
national system, and makes ineligible
as national bank directors the
directors of private and State banks
in the same city or town. Th*? provision
becomes effective two years
after the passage of the law, and exempts
the directors of mutual savings
banks.
The bill revises the proceedings in
contempt of court cases. In contempts
other than those committed
"in the presence of the court or so
near thereto as to obstruct the administration
of justice", the bill pro
PRAYS FOR QUICK PEACE
WILSON HOI^ES CIVILIZATION
WILL WIN IN MEXICO.
President Tells Anapolis Middies
That Service and Not Aggression is
End of the Navy.
"I pray God it may not be necessary
for our boys at Vera Cruz to
use any more force," declared President
Wilson Friday in an address to
graduates of the Anapolis, Md., naval
academy. He spoke before a gathering
of more than 5,000 people made
up largely of present and future officers
of the navy. The president referred
to the American army and
navy as "the instruments of civilization,
not as the instruments of ag
gression."
"Other nations have been strong,"
he said, "other nations have piled
wealth as high as the sky, but thoy
have come to disgrace because they
Used their force and their wealth for
the oppression of mankind and theit
own aggrandizement; and America
will not bring glory to herself, but
disgrace, by following the beaten
paths of history. We must strike
out on new paths."
President Wilson said in part; "It
ought to be one of your thoughts all
the time that you are sample Americans,
not merely sample navy men
nor merely samples; and that yoV.
have the point of view of America
with regard to her navy and her
army, that she is using them as the
instruments of civilization, not as the
instruments of aggression. The idea
of America is to serve humanity and
every time you let the Stars and
Stripes free to the wind you ought to
realize that that is in itself a message,
that you are on an errand
which other navies have sometimes
forgotten, not an errand of conquest
but an errand of service.
"What do you think is the lasting
impression that those boys down at
Vera Cruz are going to leave? They
have had to use some force?I pray
God it may not be necessary for them
to use any more?but do you think
that the way they fought is going to
be the most lasting impression? Is
these anything new in using force*
The new things in the world are tho
things that are divorced from forcoThe
things that show the moral com
pulsions of the human conscience,
those are the things by which we
have been building up civilization,
not by force, and the lasting impression
that those boys are to leave will
be that they exercised self-control.
"You must bear in mind that you
are the champions of what is right
and fair all around, no matter where
you are, and that it is for what is
right and fair for public welfare that
you are ready to fight and not merely
on the drop of a hat or upon some
slight punctilio.7 The president
praised Admiral Fletcher, saying he
had been on duty longer at Vera Cruz
than the other commanders and that
ho had the qualities of a statesman.
1
WANTS ARBITRATION.
+
Senate Committee Votes to Submit
Canal Free Tolls to Hague.
Just when a vote on the Panama
canal tolls exemption repeal bill
seemed certain to come within a few
days, the Senate foreign relations
committee Wednesday surprised the
Senate and complicated the situation
by reporting favorably a resolution
designed to lead to the submission of
the dispute with Great Britain to
arbitration by an international tribunal.
There was no discussion of the resolution,
but it will be taken up before
a vote is reached on the repeal
bill itself and its appearance before
the Senate undoubtedly will lead to
further debate. So far as administration
leaders know, President Wilson
opposes arbitration unless the
repeal bill previously is passed and
n A \xrr\ ??/! hn /I ? i- ? Al. 1 1 - 1 1 1 *
iiu hui u mm uuiut) LO II1U CiipilOl llllll
he had changed his position. Many
senators believe without the president's
approval no arbitration proposal
can receive a majority.
?
Killed by Tobacco Fumes.
Ell Sawden of Detroit, Mich., aged
fifty-one, is dead as a result of being
locked in a Jury room two hours
while the other eleven smoked. Nicotine
poisoning caused his death. He
had never smoked.
?
Clinkscales Files Pledge.
Prof. John G. Clinkscales of Wofforcj
college Thursday filed his pledge
and paid his assessment as a Democratic
candidate for governor.
i
Krskln? College Closes.
Thn olrvot" ^ ?1 ? -
* ??\? v.iuoiiifs cAciuiaen or rxrsKine
college were held Tuesday nigrt. The
graduates numbered 29.
1
Murder and Suicide.
Mrs. Fred Roab of Long Reach,
Cai., Thursday killed her two little
girls and herself.
ides the machinery for a trial by
jury as in criminal practice. As to
direct contempts the procedure is left
unchanged.
The other two bills will be found
summarized in other articles in different
columns of this paper.
FACE NEW CRIC1S
HUERTA'S BLOCK NOW TANGLES
MEXICAN AFFAIRS
?
OERTA SENDS GUNBOATS
Federal Ships Are to Seek to Prevent
Landing of Arms Consigned to
Rebels, and Momentarily Expected
at Tampico?U. S. Cruisers Follow
Mexican Warships for Observation.
Another crisis in the Mexican difficulty
laced the Washington government
Sunday night, a situation
tr>r> i, ..-I-, ? ...til. i 1 ~ a *
itaugm ? in! pei ii? lur uieuiuuon unci
with possibilities that might precipitate
actual warfare between the United
States and Mexico. Gen. lluerta
has brought about the new crisis by
ordering his gunboats to blockade
the port of Tampico and to seize a
cargo of ammunition en route there
for the Mexico Constitutionalists.
The shipment is aboard the steamer
Antilla from New York, flying the
Cuban ag. The Antilla is due at
Tampico Wednesday. Huerta has notified
the powers of his intention to
blockade the port and that he proposes
to seize the cargo consigned to
the belligerents against his sovereignty
as contraband of war.
The purpose of the United States
to suppress the attempt to blockade
and prevent interference with the
Antilla was indicated Sunday night
when Secretary Daniels issued an official
statement announcing that
while no new orders had been given
Rear Admiral Radger, there had
been no change in the policy of the
government in reference to its desire
that the port of Tampico shall be
open to all commerce.
The statement follows: "The navy
department has issued no new orders
to Admiral Radger since the Mexican
gunboats were reported to be leaving
Puerto Mexico. The department has
at no time contemplated furnishing a
convoy to the Antilla, or any other
ship, nor have any orders to that effect
been issued. No word whatever
has been received as to whether or
not the warships of other nations
have been notified of the blockade
at Tampico or what their attitude
will be towards such a blockade.
There has been no change in the policy
of the government in reference
to its desire that the port of Tampico
shall be open to all commerce."
As to whether "all commerce" in
this instance includes contraband of
war, no official of the government
will discuss. So far as known the
only orders relating to Tampico that
have been Issued went to Admiral
Badger on May 18 in a message informing
him that, while it was not
believed the Huerta gunboats would
return to Tampico, it was deemed
advisable that the commanders of
American naval vessels understood
that the government desired that
there be 110 interference with commerce
at that port.
That an attempt to carry out the
blockade decreo will be made was
verified by Admiral Badger in a report
to the navy department from
Vera Cruz, announcing that the Mexican
gunboats Zaragoza and Bravo,
which left Puerto Mexico Saturday
night, had passed Vera Cruz and were
steaming towards Tampico. The
America cruiser Tacoma and gunboat
Sacramento are following the
Huerta ships.
The message from Admiral Badger
received by the navy department as
follows: "10 a. m., Sunday, June 7.
Position of Mexican gunboats Bravo
and Zaragoza at 9 a. m. latitude 1943,
longitude 9 0-3, headed for Tampico,
making about nine knots.
Shauld arrive off Panuco river about
5 a. m. t.o-mnrrnw. Tammo ar?*i
Sacramento following in obseration.
(Signed) Badger."
Three possibilities were discussed
in official quarters as likely to arise
in view of the problem that Gen.
Huerta's decisivo action has presented.
(Should the order to Admiral
Badger be construed as to include
delivery of contraband of war, Admiral
Mayo at Tampico would be
compelled to open fire on Huerta's
gunboats, if necessary, to prevent interference
with the Antilla.
If this were considered an overt
act of war and a violation of the
agreemtn to cease hostilities it probably
automatically would end the
peace conference at Niagara Falls.
In the opinion of many in close touch
with the Washington administration,
this would mean the beginning of actual
hositilities against the Huerta
government and signal the advance
r\f an V A mnflnnn
w j aiiiQi ivnu hi iny ii uin V t?ril
Cruz toward Mexico City.
Another possibility, however, suggested
in ofhcial quarters is that this
government may bring influence to
bear on the owners of the steamer
Antilla to change her course and
make no attempt to deliver her cargo
at Tampico pending the outcome of
mediation negotiations, and efforts to
induce Oen. Carranza to participate
in the peace conference. Should the
Antilla change her course or return
to an American port, danger of an
immediate clash would be averted.
Agents of Oen. Carranza in Washington
said they had no ofhcial word |
RAILROAD REGULATION
i
NEW HILL WOULD REGULATE ISSUANCE
OF STOCK. I
Idea is to Make Railroads Show the
Reason and I*urpose of Their InI
dehtedness.
The following is a summary of one
of the anti-trust bills passed by the '
House Friday:
Close regulation and control of the
stocks and bonds of railroads by the
interstate commerce commission is
proposed by a substitute for the Itayburn
bill, prepared by the House interstate
and foreign commerce com-1
mittee, and considered by the House
as the last measure of the administration
anti-trust program. The i
committee divided tho Rayburn
measure into two sections, in order
that one might stand if the consti- <
tutionality of the other failed in the
courts. The bill makes it unlawful
for any common carrier to issue
stocks, bonds, notes or evidence of
indebtedness without the approval of
the commission.
The bill broadens the powers of
the commission to require information
from railroads and other common
carriers, and prescribes an
elaborate system of reports. Tho
commission would bo authorized by
the bill to require periodical or special
reports on the financial condition
of railroads, balanced statements
of receipts and expenditures in relations
to hospital accounts, and all
other financial transactions.
Refore issuing stocks or bonds the
bill would require railroads to filo
with tho commission a certificate of
notification, showing in detail tho
character of the securities, the purposes
for which they are to bo issued,
and the disposition to be made
of them. Such certificates tho Hill
makes public record and open to inspection.
Tho bill would givo the
commission wide authority for tho
examination of the books of railroads,
and would provide penalties
for the concealing of information
from the commission.
Giving the commission authority to
oup^i vihts issues or securties tiro bill
said: "It shall be unlawful for any
common carrier subject to the act to
regulate commerce to Issue any capital
stock or certificate of stock, or
any other bond or other evidence of
indebtedness, or to assume any obligation
as lessor, guarantor or surety
for the securities of any person, natural
or artificial, even though permitted
by the authority creating the carrier
corporation, except for some purpose
within its corporate powers necessary
to the proper performance of
its service for the public, and not
tending to impair the financial ability
of the carrier to discharge its duty to
the public.
"It shall likewise be unlawful to
issue any such stocks or bonds for
the purposes hereinbefore mentioned,
or for any other purpose, unless
and until upon aplication and after
investigation in the premises by the
interstate commerce commission of
the purposes and use of the issue and
the proceeds thereof, such issue is
approved by said commission as necessary
and appropriate for the purpose
stated: Provided, that nothing
herein shall be construed to imply
any guaranty or obligation as to such
issues on the part of the United
States."
The bill exempts from this provision
notes maturing not more than
two years after their issue, when
they do not aggregate more than 5
per cent, of the outstanding obligations
of tlio lacnliii* mi.?
? - v..v >uuuin^ tuiiun. lilt"
measure provides that the commission
in investigating proposed stock
issues shall hear the authorities of
the states through which the railroad
desiring to issue securities
passes.
The bill carries a prohibition, effective
two years after the bill becomes
law, against one director acting
on more than one railroad under
the jurisdiction of the commission's
without the commission's approval.
It also would make it unlawful for
any director or oMlccr of a railroad
to profit by the sale or disposition
of stocks or bnds.
relating to the proposed determination
of Iluerta to blockade Tampico
nor any communication from Gen.
Carranza. As to Gen. Carranza's expected
answer to the proposal from
the South American mediators the
Constitutionalist chief's advisers said
it might not beforwarded before
Tuesday.
A third possibility discussed is that
Admiral Badger's ships would not in4
? lit. * * *
lerieru wiia uen. uuena a purpose to I
blockade the port of Tampito against!
importation of ammunition but that
they would insist on keeping the port
open to ordinary commerce. This
might avert serious consequences
So far as could bo learned no orders
were sent to Admiral Badger to
send any war vessels to Tampico except
the two following Huerta's ships.
The only Americans ships now at
Tampico are the battleship Minnesota,
outside the Panuco river, and
the monitor Ozark in the river, which
temporarily serves as Rear Admiral
Mayo's flagship. These vessels, however,
would be more than adequate
I to cope with any situation that might
I Arise.
REFUSES TO ENTER
?*
STATE DEPARTMENT IS INFORM
ED Of REBEL'S ATTITUDE
BARS INTERNAL AFFAIRS
Constitutionalist Head Notifies This
Country Informally That He Will
Accept Arbitration Principle, Hut
Uiiiit Scope of Mediators to International
Phases.
Gen. Carranza, first chief of tho
Moxican Constitutionalists, notified
the State department informally Saturday
of the conditions under which
he will participate in the mediation
conferences at Niagara Falls. The
information conveyed to the state department
substantially will be Gen.
Carranza's reply to the mediators.
Substantially, it is as follows:
An acceptance of tho principle of
mediation, but limiting the scope of
the A. U. C. mediators to international
phases of the Mexican troubles.
No internal features will be considered.
The state department received
these advices from Durango, where
Gen. Carranza has established temporary
headquarters, direct from tho
Constitutionalist leader.
The state department has accepted
it as tho final declaration of the revolutionalists
as to their general attitude
and position with recard to the
mediation conference at Niagara
Falls. The message is considered a
tlat declination by Carranza of tho
mediators' invitation to participate
in the sessions at Niagara Falls, as
tho mediators enveloped tho invitation
in conditions which Carranza refuses
to accept.
Immediately upon receipt of the
information Secretary Bryan hurried
to the White House and held an extended
conference with the president.
Mr. Bryan showed plainly he was disturbed
by the tenor of the message,
and now holds little hope for the success
of mediation.
Iin fact, it was reported around
the state, war and navy building Saturday
afternoon that the United
States government had concluded
mediation had failed, and henceforth
the revolutionists would receive the
strongest moral support the United
States could give them in their efforts
to force the elimination of Gen.
Huerta.
President Wilson over the long dis
tance telephone conferred with Justice
Lamar in Niagara. It is understood
he outlined the position of this
country toward the recognition of
Tampico as an open port. It was
stated if mediation has failed by
Wednesday, the day the Antilla with
her cargo of arms aboard arirves at
Tampico, she will be allowed to land
the cargo.
If Carranza joins in the mediation
conference the administration will
probably declare the port closed and
prevent the Antilla from delivering
her cargo. Whether the Constitutionalists
receive the cargo of arms
depends entirely on conditions the
day the vessel arrives.
Stato department ofllcials are not
concerned about any action the government
may take to prevent the
Antilla delivering her cargo because
she flies the Cuban flag. It is generally
understood that the Cuban
government is backing the United
States in its Mexican policy and
would make no protest if the United
States forcibly stopped the Antilla.
Late Saturday evening Mr. Ilryan
reiterated that the administration
had received any protest from the
mediators, directly or indirectly, concerning
the shipment of arms and
ammunition from the United States
to Mexico.
HMl O of O A A /I *-* r% mrxr rl ,-v rv 1 **
X Iiu Dime cilivt 11(1 V jr lit" [Hill infills
wore without advices concerning the
reported delivery of arms and ammunition
at Tampico by the Sunshine.
Agents of tho Constitutionalists
said they know nothing of such
a ship or of the landing of arms or
ammunition at Tampico.
? ? ?
Went to Sleep oil Track.
The bodies of J. W. Shackelford
and James Potter of Hickory, Miss.,
were found on a track near there
Tuesday. It is believed they fell
asleep on tho track.
I
Student Returns Mesial.
A Wofford student who several
years ago won a gold medal returned
it to tho president of the college
ThtirflflflV Tim onHmi?IHnn .1
- ? ? - >iv uiimui uiuo uov.ll Ut'U
to divulge the name.
i Praise for Wilson.
The Virginia State Federation of
Labor in session at Norfolk Wednesday
indorsed the Mexican policy of
President Wilson, paying him & high
tribute.
I 1 ?
| Drowned While Bathing.
Anderson George, a thirteen-yearold
boy of Parolet, stepped into a
deep hole while swimming Tuesday
and was drowned.
?
Duncan in as Usual.
John T. Duncan has authorised the
announcement that he will be in the
race for governor again this summer.