Ogden Standard-Examiner | 1923-11-25 | Page 21 | Urge Repeal of Trust Law

URGE REPEAL OF TRUST LAW I Chamber of Commerce Notifies Congress of Intention BY nr H IT K R International Now News N w Service Berric WASHINGTON Nov In 24 24 In formed that the th administrations administration's decision ton to abandon consolidation of the tho th railroads railroad Into a fw few great systems Is final and conclusive the UnIted States chamber of commerce today served that congre would bo asked to nullity nullify such INch parts of the th federal trust anti laws now make mak largo large amalgamations tion of capital 1 Illegal and subject to dissolution The Th chamber regards regard such astep a I IThe step tep as an on essential In clearing cl the th nay w oy ny for railway con con- con consolidation Authorization tor for which Is expected to be b pro ld provided d In lIs amendments to th the tho Esch Isch act 1 The Th Interstate commerce commeree com corn commission mission is I endeavoring to bring Its I hearings to a 11 conclusion so that oral arguments ar may be submitted by the th railroad executives early next lear car after atter which a report will be b submitted to congress as required by law LA LAW V V Meanwhile plans to expedite expedit vol- vol voluntary voluntary vol voluntary consolidations a ar under underway way woy A special committe appointed by Julius Juliue H Barnes president of the chamber to study the tho th consolidation question In with the tho general transportation problem pointed out that railroad groupIng began more mono mor than 70 10 years yar ago but that It bad had been beon b on larely largely suspended In recent years through the th opera opera- operation operation tion ot of the tho th trust anti-trust laws and through the th restricted returns return to the carriers Among monr the th recommendations of f the commIttee w Wa was the th chartering of great rat corporations by the th federal government Instead ot of by the th sev- sev severa v- v oral era ral states If It railroad consolidation is 8 worked out as anticipated aid Id the commIttee which Included some ot of the tho th country country's leading rail rall- railway rail railway Inthe way voy executives executives the th railroad railroads In the United States State will wilt be b owned and operated by corporations corporation as large or larrr larger than tho that con con- control control the th existing systems n It ItIs Itis ItIs Is logical log that these thes great treat systems stems should hold hoM corporate corporal allegiance to the federal government The Th change would very vry considerably lessen the present prerogatives of the th states tat In In taxation etc tc and It ii Ie I but flat flat- nat natural ural that the tho th states elates should not favor the change