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Show J DRAFT QF DBAST1G TRUST BILL M l jf Subcommittee Completes Its i Preparation of Measure; I j Will Go to Senate. II t 1 WASHINGTON", April 25. Drastic 9 j provisions lor tbe control of trusts, j the prohibition of interlocking directo- : j rates and holding oompuniea which in- jji ' tcrfere with the iroe play of competi- jf' , tion and tho creation of a powerful : ' j trade commission arc proposed in a j! , finul draft of the so-called trust bill j ', which will be laid uoxl week before the , t senate interstate commerce committee. I- bill was understood today to have the approval -ot President Wilson. Administration Ad-ministration leaders hope to brine tho measure into the senate early in uay. . i The subcommittee's draft t provides for a trade commission of five members, mem-bers, with full power of investigation, t and tbe present bureau of corporations I is to be legislated out of office. Inter- i loclcing directorates and holding compa nies arc prohibited, and the committee will determmo wbothor thoro has been I1 a restraint of competition through such i , means. The provision with regard to ; ! capitalization is stringent, and is de ll ; j j-igncd to prevent the issuo of pocuri- j ties except on tho basis of actuul , values. Jwr 1 Tho bill rontajus no referenco to ! . prioe fixing. The question of inserting i:' a provision excluding fanners and la- j, j bor organizations from the operation of i tho Sherman antitrust act was still un der consideration todav. Another point to be decided is whether court decrees relating to tho reorganization of combinations combi-nations shall be referred to tho trade commission. |