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Show DELIVERS SETBACK TO RAILWAY PLANS .yJ ;5u .' .i . i ' PRESIDENT . VETOES : BILL: TO l:i SUSPEND CLAUSE IN THE , CLAYTON. ANTI-TRUST ACT, ,y. Railroad Representatives Declare Action Ac-tion Means a Drastic and -Im- . .perative Revision of Carriers' ' System of Buying Equipment. ' ' Washington. Railroads of the country coun-try will be prohibited from buying equipment from companies In which they or their officers are Interested, as the result of the veto on December 31 by President Wilson of a bill to delay further the operation of such a prohibitory pro-hibitory provision in the Clayton antitrust anti-trust act. The last of three separate two-year suspensions' of the prohibitory- section expired December 81, al midnight. The president, In announcing hit veto through a message to the senate declared the railroads had been giver several extensions of time to prepare for observance of the law and that nc adequate reasons had been presented for further postponement of Its op eratlon. ' Railroad representatives, on learning of the presidential veto, which over rode a six-to-four recommendation ol the Interstate commerce commisslor that the bill be approved, declared failure to suspend .further, the operation oper-ation of the Clayton act provlsior. would mean a drastic and immediate revision of carriers' system of buying equipment. The contention also wa made by the railroad representative that the required change would add hundreds of thousands of dollars tc the cost of railroad operation. President Wilson In his veto message said . that the principle of prohibiting railroads from being both buyers and sellers of their railroad supplies was sound, and that with the interstate commerce commission prepared to enforce en-force the law by preparation of regu latlons he could not consent to furthei delay. |