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Show REVISION OF JERSEY CORPORATION LAWS PLANNED BY WILSON Trenton, N. J., Jan. 20. President-elect Woodrow Wilson reached todny whnt ho considers tho cllmnx In IiIb program of reform as governor of New Jersey. Soven bills making for the most extensive revision of the corporation laws In tho history of the stato were Introduced tonight In tho stato legislature Theso acts aro designed to put an end to trusts nnd monopolies under the laws of Now Jorsoy," declared Governor Wilson In a prepared statement state-ment describing tho means, "and I predict confidently that they will accomplish ac-complish that much desired result" Though tho prlnciplo of tho bills which seek to prevent monopoly, underselling un-derselling In local markets, morgors, tho oxlstonco of holding companies, nnd tho Issuance of watered stock, Is one which the govornor emphasized emphasiz-ed repeatedly In the national campaign, cam-paign, be declared tonight that the (.roposcd legislation had ,been drawn with the conditions In tho state of New Jersey, alone In mind. Tho feature of tho bills that attracted at-tracted most attention was the provision provi-sion law making violations of tho proposed law a misdemeanor, punish-ablo punish-ablo by Imprisonment as well as by lines. It wns pointed out In the statement state-ment Issued from tho governor's office of-fice that whllo mergers and consolidations consoli-dations aro prohibited In general, tho proposed laws do not Intend to prevent the legitimate expansion of a business concern by the purcbaso of property "cognate in character." Senators Nowlands of Nevada, and Chamberlain of Oregon, told the govornor gov-ornor today that besides themselves they represented other western senators sena-tors In urging for secretary of tho Interior Governor Norrls of Montana, Governor Hnwley of Idaho, Joseph R. Tcall of Oregon, or Democratic Chair man Tallman of Nevada. |