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Show Interstate Commerce. 1 , "There has not been time to test the benefit and utility of the amendment! to the Interstate commerce taw co tallied In the act approved June It, 1910. The law as enacted did not con. tain all the featurea which I recommended. recom-mended. It did not specifically de nounce as unlawful the purcbaae by one or two parallel and competing roads or the stock of the other. Nat did It subject to the restraining lnflu ence of the Interstate Commerce commission com-mission the power of corporations erv gaged In operating Interstate railroads to Issue new stock and bonds; nor did It authorize the making of temporary agreements between rallronda limited to 30 days, fixing the same ratea foi traffic between the same places. "I do not press the consideration ot any of these objects upon congress a! this session. "The interstate commerce commission commis-sion has recommended appropriations for the purpoH of enabling It to enter umiu a valuation or all railroads. Thia has always been within the jurisdio tlon or the commlsMlott, but the requl-Mtt requl-Mtt funds have been wanting. Statistics Statis-tics to the value or each railroad would be valuable for tnsny purposes, espe dally If we ultimately enact any limitations lim-itations uiwm the power of the inter state railroads to Issue stocks and bonJ. aa I hope we may. "For the protection of our own people and the preservation of our cre.llt In foreign trade. I urge upon congress ih i.iirntuUtj rr.actu.cr.t of a law under which one who, in good faith, advances money or credit upon a bill of lading Issued by a common carrier uion an interstate or foreign shipment can hold the carrier liable for the value of the foods described In the bill at the valuation specified In the bill, at least to the extent of the advances made In reliance upon It "I further recommend that a punish- " ment of fine and Imprisonment be Imposed Im-posed upon railroad agents and shippers ship-pers tor fraud or misrepresentation tn connection with the Issue of bills of lading issued upon Interstate and foreign for-eign shipments. "Kxcept as above, I do not recommend recom-mend any amendment to the interstate commerce law aa it stands. I do not now recommend any amendment to the anti trust law. In other words, it seema to me that the existing legislation legisla-tion with reference to the re gut at loo . of corporations and the restraint of their business baa reached a potnt where we can stop for a while and wtV , ness the effect of the vigorous eic-tton eic-tton of the lawa of the atatute books tn restraining the abuses which cer-tslnlj cer-tslnlj did exist and which roused tie public to demand reform." |