Jasper County Democrat, Volume 12, Number 86, Rensselaer, Jasper County, 9 February 1910 — FEDERAL CHARTER MEASURE TO PASS [ARTICLE]

FEDERAL CHARTER MEASURE TO PASS

Is Received In House and Will Be Referred to Committee. PRESIDENT INDORSES MEASURE Taft Hope* It Will Become Law Before Session Adjourn*—Business Interests Are Expected to Oppose Passage. Washington, Feb. 8. —Although President Taft and the administration would be glad to see the federal Incorporation bill become a law at this session of congress the president does not intend to add the measure to the legislative program which has been outlined frequently of late. The president made it known to visitors that he had no idea of forcing the federal charter plan down the throats of the congress. He made it known that the bill was drawn by the best legal minds in the government service; that he had looked it over carefully and Indorsed it in every detail. It is up to congress to act upon it. The president hopes that congress will see fit to pass the bill. He believes that it is the only logical solution of a problem confronting, not only the government which desires to control giant combinations, but confronting those corporations as well. Mr. Taft realizes that the measure will meet with opposition. He considered that it would be another step toward centralized control and he believes that those who advocate states rights will probably fight its provisoins. As to its constitutionality, which the administration seemed to think would be questioned, the president, himself a lawyer and judge, entertains no doubt. Prominent business Interests have objected to the bill because it gives the government too close control over the corporations. Those who have voiced objection to the federal incorporation plan include George W. Perkins and Frank A. Vanderllp. Mr. Perkins qn leaving the White House said that the bill was acceptable, but according to those who talked with Mr. Taft he did not express so much love for it when he spoke with the chief executive.