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Show 1110 CHIEFS b Long Conference, Protest "iusf Further Interstate Commerce Legislation. fcFTSAVS HIS VIEWS -f REMAIN7 UNCHANGED Lfial Message on Points in poesfion Will Go to Con- gross Friday. . ;wjjNGTON", J:m. ."Following . a Loa conference with presidents 'of k tf the great railroad systems of the etff, President Tnft Into this afler- E:B announced a change, of programme fending of his message dealing hj Interstate commerce and trust laws. iimnts to congress, fn racsiiso will he split into two The section dealing with trusts Bbc rtnt to congress Thursday noon-fctrtion noon-fctrtion dealing with the Interstate jrce law, In which railroads are dj- interested, will he deferred until (jilj-, The president's special message ne iflitfcrvn lion of natural resources j)itcd to be ready for congress on hsaf'er -the railroad presidents ha fe'tf.c White House it was announced KtrtfMent sill' hoped to have his mcs-(nid" mcs-(nid" 'Or congress on Monday. It i ten 'his original intention to treat iKtbtr the two subjects of Interstate iatrv" and anti-trust amendments. It u fj late this afternoon that the ibin probably would receive greater jutioti If divided into two purls, nclth-irfnoro nclth-irfnoro than iflOO words. i Make Tow Changes. Jesuit of the call or the railroad Wtnts, It was said that only a few kill clums would be made in the mse dealing with the interstate com-fc'lin'. com-fc'lin'. and that these would make B jwl'kiii s position more clear. Rsideol TV.fl found t lie railroad men i considerate in presenting their in. While deprecating the idea, of any fciifoii at all at Uiis time, wlieu. they Eitd. conditions in tho railroad and btrial rorlds arc righting themselves lir hro yH of depression. they did II fk to dler the president from nice his nf-sspgo They devoted ewes to more or less specific objects objec-ts to the Mil prepared by Attorney-wil Attorney-wil WicUersham. whicii forms the ft o( tllf message. :-t President's Attitude, lit prciiijejil, it is declared, will noL papl if force llje Wickcrsham or any P'Mtl upon congresH. He, will ray !tetnffipe that such a bill has been Mill and is at the disposal of con-m. con-m. Tlio railroad presidents admitted, jl llidf objections to tho proposed Ktacnts to tin- interstate commerce r.m jrc-iiri-nl hi tlicir application to Vflw amendment;. Tin- president, gjTfr. tad made his poslton char'" lo .0l)jvnn in h brief interview last tr monilnc Mr. Morgan, in turn, fcjfl for todav'u ennforenee and nd-W;thi nd-W;thi railroad men to confine them-1 Ira to j.iigcc?! Ion; of changes in nitnMits lather than to an attempt bJ'Jfnn? the president as to his genii gen-ii course. V Yliat To ft Expects, p Tart hag let It be known ho not p "sill make recommendation!, for Ffi In the law. but that ho expects gftsj lo adopt 1he suggestions at this Wrj.nnJ thus carry nut the promises & Itcpubliean platform, mrf' who attended the conference, to-Bim to-Bim Presidents MeCrea of the '.JtVpllnnia Lovtt of ihe llarriman rS. Briwn of the New York . Central. 'KB'50' the New V'ork, New Haven lMli Baer of the I'hiladelpbia A iM'Wr2- on'' . l'lnley of the .Southern Tho railroad presidents tWjpt Lwis ';i5s Led yard of New 7MBfth 'hem as general counsel. Al-,tfcHg?'Cnen Al-,tfcHg?'Cnen 1 "W'lekershaiu represented jiamjyt department of lh! government. 9mP ' changes which ri ejddent ihfPjigTCgd to make in his reromir.enda-fo reromir.enda-fo do with the language of MTToped amendniejit pt'ohlbltlng a tftropnny from acpiirlng stock ijBJ holding stock In a competing AWJ nfter a given date. It was s-flR"5 that the wording of this pro-iiJjWF'acndiuont pro-iiJjWF'acndiuont mm such that it might o upply to lines like the New atCfTiirnl and Ihe West Shore. The rfJKJnd for many years has hnen, 'ir'jK nik fTcutral line, serving virtu- sti overflow trackage system on i(mfn shore of the Hudson river. fjjM. Must Protect Minority. 5l,M,e?rf"sItIrnt Ta.ft mil snggefl JWW'Iflo thin where a. railroad owns S!1111 or more of the stoek of an-R'n an-R'n i ain '"'nuire th. remainder. M(I.iM,d' would afford a measure , jaWTfWctlor. to minority stockholders, lfcV-.'lrO'id owning the majority -ePM he prohlbiioH from acquiring iiK?-' 'he minority wotdd lose their . IlK: P rfliasr, Where a. railroad &mktru "'J1 ll,f- majority of stoek in ctiMnj, "ne. however. It will be provided jKRVF"11 'rfiilrc no more. nHBSm,f . 1,1 ..,h,? intei-staie ooinmerco , v ,5,wlu 110 so drawn aa to legal -8 ,v.n, 0WJng of ntock in a competinc iBlvi V'1. "oldlng of the stork rc-t2WMo'all,Jn rc-t2WMo'all,Jn of the anti-trust law. m; Oonfereucc Prolonged. c!Bi ? T;ia llfic0fl to tho railroad .n F,1"01" than two hours. He iWa&n. !i rmc(J ln advance of many SBPi tnfJ .y would make, and he prac-'hem prac-'hem Hint, whllr Hudr PK. ftnuJ? br" Sivon every congfdcrallon iitliBa i. ,?ordinK of the message, ho LlMUl nlter hl lalc recommenda- , rlB?tto.Ld',,",t's Proposal of an inlei 'f BBrf ppo;,,s from ,,,f interstate Jta ,h COIilbslon. with an appeal I"e Preni court of the Knlted JSWrilli P"r,rlnrly objected to by BWll3? .Psentntlvc!.. They de-vStj de-vStj ilJ, C0l,rt s" wotdd become TVIfn" V,l,n a second commlFsIon. CSMhK .l0 lak,i nppeals direct sCTCJmC"rnn),!h,n o federal courts. JK'Wi J"''1" "tlou f'T a rourt. how- cnia,n ' 'he menage "utML ,.ViBOrous Ohjectionif. HMr Prosldents objer-led most 41' itn 1110 Proposed reslrlc-JM reslrlc-JM ihSrt 1 'f nance of blocks, bonds moSi vU:- President .Tnft .afclun'1, tl,al "o cli securities fl4fl Cll, n 11,0 ftnre without tho " iiBffail6n v. , Interstate commerce 'j&JSR re f'n-'Ve1 nP thviing that the 'fa ."! Purposea authorised hv law 5 11 liii?; l'nn reasonable r cflfc8'! e ?V '""ids. ZMt M?l?Un lnl!5 rentriction will PmV- Til ,.fen,w,lh borrowing JV ovLn,noni,ncnl arc designed to fdflKu"i o :',",', of 'oeks and bonds ZMtA, It lm ,:,,mw" a "watering." If tllW Jui .... amendment alno .jBifitn-r ? J r'n1 10 what Is known n.i 'f'B' o tonMriiou." "Sir' ran Moro mck Jmfa iW. PrrKilcM(s objected to the 1&WL f S,(lnfnt giving shippers tlio tiM iomJ cl,n,s J hrouRh route for I 'nucd on p,,KC Two. RAILROAD CHIEFS MAKE OBJECTION Continued from Pago One. commerce commission tho right to Initiate In-itiate complaints and hold up now ratings and rate classifications until sufficient causo shall bo shown for them. It was said today that no bill has boon prepared hy the administration to carry out the president's view as to a federal Incorporation law. He will loavo tho working out of this meaBuro to congress, He will however, rocommend that the law be voluntary. Tho tnrms upon which charters are to bo allowed and licenses granted will havo to be Included In tho law. but It Is believed that no law can empower tho executive branch of tin government to revoke either a charter 01 a license, and that such revocation can only come through tho courts. |