Show PRESIDENT T TAFT WILLING WILLINGTO TO TAlE TAKE RESPONSIBILITY I Federal Fed ral Incorporation Bill How However However However ever Will Not Be Pushed at Present Time Washington Feb 7 The federal incorporation bill introduced in Congress today is not to be pressed for passage at this tills session If the bill should pass President Taft has stated his ills willingness to stand as its sponsor and to take the responsibility for having recommended re it i Further Farther than this thia the President told tol F s v ral callers today that he would not ir m ake the incorporation bill an adminis i tr illon measure me He II declared he felt he lie hei i 7 d no right to do so BO and that it did tiEd ii nt t rank with the proposed proponed amendments U t the t interstate commerce law the pos pea postal tab tal savings banks and the measures de des dea s a gred for the conservation of natural r sources These latter were promised in inh Int h t platform upon which the President was as elected and h feels that the party is 18 I I for their passage at this ses sea son sorL of Congress President Taft believes that there are many ninny things In the Incorporation bill blU that i will commend themselves to the legisla legislators tors tom He will viII not attempt to Influence InfluenceS Senators S or Representatives In Its favor however The bill bUl now goes to the judiciary corn cora coram m mUe t e of Congress for consideration Wall all street Interests inclined at first to look lock upon the idea of a federal charter with the utmost fear were rather rudely av a when It was learned that the President would insist that In any an bill passed sed on this thia subject there should be in ini i the provision that nothing in the tho nt It t should be construed as exempting cor corporations corporations from the th operation of the anti antl antitrust antitrust trust act A great many corporations it IB II said were ere looking forward to a federal I I charter as an indication that past sins i were forgiven il there were no nomore nomore nomore I more transgressions in the future Frank D Vand and George W iv Per Perkins PErkins Perkins kins of New York who saw the President i last week told tol him that the corporate In Interests I I were anything but pleased with I I the character of the proposed measure and that few f w if any an corporations would woul take tal advantage of the tho act I The President It Is understood retorted that the act was a voluntary one and anti I 0 or I th 1 rrt ot r nio to tn cO cOunder under federal control need not do so He Tie vl h visions vision of the act w re compiled with wito i it would appeal to corporations and that they the would come to see the tho many man ad advantages advantages advantages vantages that the act contains I As to exempting companies with federal charters from the operation of the anti antl antitrust antitrust I trust law the President said that was I impossible The constitutionality of the proposed act is a serious question how however however however ever as it would deprive the states of jurisdiction over corporations holding fed ted federal federa eral era charters I Already Attorney A General Is being Plied piled with Inquiries regarding I various arlou features of the bill lie He has ex explained exPlained that the organizations whose op Continued on Page Two PRESIDENT Will VILL WillBE BE RESPONSIBlE Continued from Page One orations are covered by It are amenable to national authority for the reason that they thus have but one ono master as against they might have did the repeal of their charters or punishment for of ot offenses tenses rest with the states There are a number of reasons evinced why more satisfaction may be secured by b giving the federal courts jurisdiction Litigation in the federal courts is more economical and more rapid and a federal jury is less liable to prejudice One of the main objections to the bill Is the denial of the right of state juris Suns jurisdiction jurisdiction diction over the corporations but the of ot believe that after the law has had hada a working chance it may be possible to modify Its provisions to make them less objectionable from the states rights point of view The proposed law does not con contemplate contemplate contemplate template supervision of ot railroads as they exercise exorcise tho the right of eminent domain This is a matter that Mr I says sas may be taken up later |