Items of Interest

The beginning of a new, scientific investigation of the industrial situation, under the direction of President Wilson, which will contribute to the administration's trust legislation program at the session of Congress beginning Dec. 1, has been announced by Commissioner Joseph E. Davies of the bureau of corporations, in an address before the National Association of Hardware Dealers. Said Commissioner Davies: "There is now no governmental or other agencies engaged in attempting to get scientific information on this fact. The problem bristles with difficulty. It will demand an increased appropriation from Congress. The results may not coincide with all we hope to produce, but we can obtain facts that will contribute toward correct interpretation of industrial conditions as they exist."

Attorney-General James McReynolds, concluding final arguments for dissolution of the International Harvester Company before the United States district court, asked that an interlocutory decree be entered by the court, declaring the Harvester concern a monopoly in restraint of trade. He requested that the defendants have a reasonable time to submit to the court a proper plan of reorganization. "It is the view of the government that this company must be cut up into separate and distinct units," the attorney-general said. "This must be done in such a way that the stockholders of the different parts will be distinct. We insist that it is an economic impossibility for companies owned by the same people to furnish bona fide competition."

Only One Law
November 15, 1913

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