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Show I Anth Trust Bill I To Gome Soon 5 I Provide for Drastlo Regulations of I Corporations In Interstate er I Commerce ia, I ln I Washington, April 29. Tho final ' M draft of a drastic bill for the regular " lJ tlon of Interstate corporations was of mf approved today by" it subcommittee. It will be laid out before tho full com- o. I mlttce Friday and may bo reported to 10 I the senate next week. 'P I This new measure for the anti-trust 10 I legislation programe would provide y I for the creation of an Interstate trade v'- commission of five members with pow- 11 I era greatly similar to the interstate I 'commerce commlslon; it would pro- J I hlblt Interlocking directorates and c I holding companies; giro trade com- 0 I mission supenrlslon over capHallsa- 1 I tlon and make unlawful the purchase I or sale of commodities by a common 1 I carrier to or from any other corpora- I tlon directors of which are direct- ors of a carrier. Tho question of I whether the Sherman anti-trust act I shall be enforced against the laborers' I and farmers' organizations is not I dealt with In the bill. I Members of the committee said to-I to-I night that the bill Is radically differ- L I ent from that being framed In the I House. It Is not known definitely whether It has tho approval of President Presi-dent Wilson, but It Is polnteq out that prominent Democrats on tho coraral-tee coraral-tee havo had frequent consultations at the White House. When the. commltto meeta on Friday Fri-day a suggestion will be mudo tUist the committee shoull hold hearings ln about two weeks. According to member of the subcommittee sub-committee the hill proposes In the creation of the commhilon an erglne which Is designed to bo most powerful ln governmental affairs. It would lia-'e wide power of Investigation, e-hmlna tlon and recommendation. The committee's draft proposes a stringent guard over capitalization and would provide that stock tssuos shall be based on actual property values.. val-ues.. The commission howevor, would not supervise bond lsues. Authority would also be given the new body to deter nine when to ot-poratlons ot-poratlons ln Interstate buslsess are In competition. This, senators say, oay lead to future avoidance of aany suit J under the Sherman law. The subcommittee which worked out the bill was composed of Senators Newlands, Pomerene, Ttoblnson, Sauls bury, Democrat, and S.natora Sauls-bury, Sauls-bury, Townsend and Brandigo, He-publicans. |