SELLING LUMBER 15 



some remedial legislation to permit in this country the German 

 cartel system as relates to the primary natural resources, with 

 the idea that it might be extended to include all lines of business. 

 I think we are daily impressed with the efficiency which the Ger- 

 mans have brought about, not only from a military point of view, 

 but from an economic point of view as well. 



With that ideal in view, I had the pleasure of sitting in 

 council in Washington on the 5th of last month, representing 

 several of the committee of the Chamber of Commerce of the 

 United States of America, in conjunction with the Federation of 

 Labor, and there we agreed to seek to secure legislation to per- 

 mit of co-operative agreements in all industries involving the ^ Plan to 

 primary natural resources. (Applause.) At that council a sub- Enlist Govern- 

 committee was appointed, the members of which agreed on a bill mentAid 

 which represented concretely their thought ; the provisions of which 

 are to the effect that all the primary natural resources but per- 

 haps it would be better for me to read this proposed bill rather 

 than to try to repeat it from memory. Our idea was to amend 

 the Federal Trade Commission act to permit of this condition, 

 so that such agreements would be under governmental regulation 

 in .the interests of the public. (Reading.) 



AN ACT. 



To amend the Federal Trade Commission Act by permitting 



under its jurisdiction agreements between industries en- Text of 



gaged in the development of natural resources in order Proposed 



, IT j 1 Amendment 



to conserve such resources, protect human life, and lessen 



accidents. 



Be it Enacted by the Senate and the House of Repre- 

 sentatives in Congress Assembled, That Section 11 of the Act 

 entitled "An Act to create a Federal Trade Commission, to 

 define its powers and duties, and for other purposes," ap- 

 proved September 26th, 1914, is hereby amended by addition 

 of the words, "except as hereinafter provided/' so as to read 

 as follows : 



"Sec. 11. Nothing contained in this Act shall be con- 

 strued to prevent or interfere with the enforcement of the 

 provisions of the anti-trust Acts or the Acts to regulate 

 commerce, nor shall anything contained in the Act be con- 

 strued to alter, modify or repeal the said anti-trust Act or the 



