Show i MAY ENACT FEDERAL INCORPORATION lAW LAAI President and Lead Leaders Leaders Leaders ers Are Giving the Matter Serious Consideration SUPREME COURTS DECISION If It Affirms Circuit Court In Oil Case 1 It May 11 Affect Business ulness Washington Dee Dec Serious consid consideration consideration consideration It was ivan announced today is III be being beIng being ing given by b President Taft and lead irs era In Congress to the tho question of or at attempting attempting attempting tempting to enact a federal fe Incorporation tion act In advance of a cm final decision In the tho Standard Stan ard Oil dissolution case There appears to be an Important dif difference ference ferenec of or opinion between Mr MI Taft luCt and his lila advisers who nho want vant him to withhold the tIme message me he lie has an aim announced announced flounced ho ime will send to Congress TAFT FREAKS FOR BUSINESS It Is It understood Mr Taft fears busi business business ness generally generall will suffer stiffer If Ie tho the su an premo court affirms the tIme finding of oC tIm tho circuit court In the dissolution case cn and amid that ho strongly stron ly favors what might bs vaccination of oC the tho body bod corporate J by the tho adoption of ot legislative tIve remedy before the tho th evil appears appearsOn On the time other hand congressional lead leaders leaders ers cam fear such Uch a course cOUlse would supply Im un Immunity to opponents by b giving them theman theman an excuse to charge tho the force fOIce oC of tho the Tart Taft regime Is being used toward cre creating a shelter for monopolies mon l olIes If the president should submit hl hlll his recommendations soon after aner Congress reconvenes and should follow what is isto s said Mid to be bc his present inclination he lie would ask for fOl the tim passage of or a federal corporation law IM without delay dela on the ground that honest business Is menaced under the time Interpretation of the time Sherman antitrust act given by b tho time court decision in the time Standard Stan OH Oil case While the presidents lre view Is 19 shared by b congressional headers they the nice that there thele will be bo serious opposition opposition tion to any nn legislation apparently apI cal calculated calculated to narrow the scope of or the Sherman law They Timey The believe bellee this OPi Is so strong that there would be bea bea bea a protracted contest over such a mea incas u ure ule e and that it would be the part of wisdom therefore to await the decision of f the supreme court t it is said has reviewed per pcr i the evidence In the Standard Oil case ase with the result that he believes the he decision correctly Interprets tho time IR aw if so he lie presumably expects the thc decree will be sustained by the su ireme court The Time understanding of ot those hose with whom Mr Taft Tart has Imas die cussed the case is that he could recommend recommend mend the Ume enactment of or a federal Incorporation tax without becoming amenn amena ble bie le to a charge that he was seeking to o prejudice the supreme court BAD TIME FOR MESSAGE That time the present Is an nn unpropitious Im Ime to send such a message to Con Congress gress gres and that rip no matter how cau cautious ious the president might be In the wording of ot his recommendation political cal al Issue will certainly be made of or It is the he opinion of Republican leaders These do not agree that tho the supreme court ourt will sustain the decision without the force of ot that interpretation lon tion of oC time the Sherman law lace They point to tho the fact that the time su supreme preme court sustained the fight of ot Congress to enact the legislation con contained tamed In the commodities clause of oC tho the Hepburn law but that It did so In a manner such as to make it virtually It is 15 suggested as not impossible that thata a decision with the time edge dulled d In iii Inke like ke manner maimer might be handed down III In Inno the no Standard Oil case cn e Past decisions of oC the time supreme su reme court courtIn courtn In n cases brought brou ht under the Sherman antitrust law have m in the main con confirmed confirmed firmed the tho constitutionality of the law lawand and nd have hau given to it the tIme broadest In interpretation Nevertheless In view or of oric the ic far reaching effect of the time recent de tIe islon In the Standard Oil case upon corporations generally both good and ba bad ad Congress may well evell be asked by byth ho time th president to modify the time force fOlce of or the time act cl The Tho record In the time Standard 1 case caso ably bly abl will reach the time supreme court by Jan 3 1 and that counsel for the time gov go government and the time company will concur In n a request for fOI advancement for it Itma may ma be argued early In March This would give gic tIme limo to time the attorneys to prepare for the time adjournment in May If dispatch is shown in Iii getting final adjudication it is probable theme thero still sUlI be opportunIty for Congress to consider remedial legislation In the time pcs ses cession lon ion |