The Indianapolis journal., 1902-12-06
Important Bill That Provides for Pub
Iicity in the Affairs of Conn
merciaI Combinations.
CASE OF ALFRED DALE OWEN
PENSION ASKED BY MIR. HEMENwAY
FOR AN OLD ANTAGONIST.
Soldier Who Embarked I'm Politics
and Lost Much Money-Pensions
Asked for other Indianians.
tatr corresponaence OF the Journal.

stan Correspondence OF the Journal.
WASHINGTON, Dec. 5-Representative
Jesse Overstreet. of indianapolis, will be
busy man this session Of Congress. In adj
dition to his other work he will act one
of the members of special subcommittee
of the House judiciary committee. The
subcommittee was named to-day, and IL
will be its function TO consider all anti
trust legislation. Its members Little
field, Overstreet, Powers, De Almond and
Clayton This afternoon the subcommittee
reported favorably 10 the full committee,
with amendments, Mr.. Littlefeld's bill pro-
viding for publicity in the affairs of COM
mercial combinations.
The publicity bill as amended provides
that every corporation. joint stock company
or similar organization engaged in inter-
state or foreign commerce and every such
corporation which shall be hereafter organ
lied shall file with the Interstate-commerce
Commission on or before Sept. each year
a return stating among other things its
name, date Of organization, where and
when organized, the statutes under which
organized; and, IL consolidated the names
of the constituent companies and the same
information concerning them. IL the con-
Germs have been reorganized the original
corporation or corporations must be stated
with information concerning them.
1t is also provided that the amount Of
authorized capital stock. shares into which
divided par value, whether common or
preferred and distinction between each.
amount issued, and outstanding, amount
paid inflow much, IL any paid In cash
and how much. II any. in property. and tx
paid in property, description and cash
market value of the property at the time
II received m shall he stated.
The Indebtedness, its nature and for what
purpose incurred is to be given. also a
statement of the assets at their present
cash market value, giving the elements
upon which the market value is based
1t is also required that the total earn
ings and income, operating expenses, In
terest, taxes, permanent improvements, net
earnings, dividends declared. with rate and
date % during the Pseeedins - the dss sss
and wages of employees be disclosed.
1t is provided further that the treasurer
or other officer of concerns affected by the
bill having the requisite knowledge, shall
answer on oath all inquiries that may be
made In writing, under the direction OF the
Interstate-commerce Commission relative
| to its finacial condition or to its capital
stock Such answer Is not TO be used as
evidence against the person making II. ex-
| cept in prosecutions under the proposed
act.
The tax of per cent. per annum is i'm
posed on so much OF the capital stock out
| or other property at it's full cash market
value. and provision is made for collecting
| the tax
| ing 10 make the return as required under
| this bill and any concern failing to pay
| tax imposed is TO be restrained on the suit
| of the United States from engaging In In
terstate or foreign commerce 1t is made
| the duty of the attorney general at the
! request OF the Interstate-commerce Com
| mission to enforce the provisions of the
proposed act and suit may be brought IN
any District Court at the election OF the
| Germ has a place OF business.
Provision is made that the Interstate
commerce Commission shall prepare and
! publish a statement showing a list of cor
porations and disclosing their condition.
! The bill does not apply TO any concern. the
amount OF capital. stock of which does not
| exceed 100000.
Among the bills for private pensions in
troduced in the lower house Of Congress to-
! day was one by Representative Hemenwsy.
who is asking for a pension OF $50 a month
for Col. Alfred Dale owen. of Mount ver-
non, Ind. Two years ago Colonel Owen
was Mr.. Hemenway's opponent for con-
gressional honors in the First district. and
! in the Mount Vernon candidate Mr. Hemen-
way found a foe worthy of his steel. The
race was very close. the colonel being de-
/ feated by only little over 200 votes. Indi-
/ ana politicians are familiar with Colonel
! Owens misfortunes- II Is said that I'm the
| race two years ago he practically gave up
all he had I'm the vain hope OF winning.
! fine farm was swallowed up with other
] funds in the losing race. Colonel Owen
found himself at the close of the campaign
/ practically a financial wreck and in a feeble
condition of health. The Democratic poll
ticians in ''the Pocket which Mr.. Hemen-
/ way had TO fight this campaign. and which
he whipped &c a finish. had no mercy on
/ Colonel Owen, and when IL came time 10
/ nominate a candidate again undertook TO
hold inn for har Va 40
said would be required IL he made the race.
! This demand made IL impossible for him to
be a candidate again. Colonel Owen was
wounded in the army, but after the war he
was In good circumstances until his unfor-
tunate political experience wrecked him
/ financially and he found IL necessary TO ask
/ for a pension. Mr.. Hemenway said to-day
he would use every effort In his power 10
procure pension for the colonel. who is
other pension bills introduced by Mr..
Hemenway were; Phoebe Clark: n2 a
! Averill s2i; John Bilderback. s2i
Representative Griffith has introduced a
bill in the House asking for pension OF
$50 a month for Elisha Brown Storey one
! of Brown countys commissioners.
Since the members OF Congress have re-
/ turned and the politicians have begun TO
gather here, some good stories OF the cam
paign are related. Many OF the Democrats,
who at no time took the campaign seri-
! ously and had not the slightest idea OF
winning this year. refer faeetiously 10 the
result of the contest Ii is related here
/ that Jacob II. Dunn. OF indianapolis. re-
Gently related a parrot story that was par
ticularly applicable I'm his case. IL seems
/ that an Indiana man, who Is now In WASH
ington. met Mr. Dunn on the street the
4 other day. and. after greeting him. asked
how he felt over the election. Il feel"