The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-02-12
SCOPE OF new DEPT BRIDGE AND TRAIN
Most Important Man in It Except
Secretary Will Be Commission
er Of Corporations.
President Already Looking for the
Right Man Who Will Report
Direct to Him.

: Washington. Feb 12.-According to the
terms of the new department OF com
merce bill the act takes effect immediate
ly and the new department Is formed with
the various bureaus transferred from
other departments as the new ones
formed
The adoption of the Nelson publicity
amendment makes the bureau Of corpora
lions In this new department one OF the
most important branches OF the puDlc
service. The chief of this bureau who is
to be appointed by the president and to
be known as the commissioner OF cor
porations will receive $4,000 per annun.
His duties and authority are scarcely
second In Importance to those of the sec
retary, Of the department, While the sec
rotary directs and controls the head of
this bureau. it is the commissioner who
is to make 'diligent investigation into the
organizati ton, conduct and management of
the business of any, corpora ton. joint
stock company or corporate commission
engaged in commerce among the several
states and foreign nations excepting COM
mon carriers He is given the same
power and authority in respect to cor
porations that the interstate commerce
commission has in respect to common
carriers.
He will report direct to the president
and the informa ton he gathers is to en-
able the president to make recommended
tions to congress for legislation for the
regula ton Of corpora tons. ID ~. 80.
1t is known that President Roosevelt
is diligently seeking the proper person
to place at the head of, this powerful
bureau. He desires a man thoroughly
equipped In knowledge, of corporation
law and business in general The field
will be much larger than that covered
by the interstate commerce commission.
and the head OF this bureau will have
to be man of wider general information
and experience than a member OF the In
terstate commerce commission. -
This bureau Of corporations affords the
machinery by which publicity OF the con-
duct or management Of corporations such
trusts and other corporate combina-
lions is esta blished. 1t is required to
gather. compile, publish and supply use
full information concerning corporations
doing business within the limits of the
United States and any foreign country
The president Is authorized to make pub
lie all or part Of the informa ton as he
may see fit. ...... - ~ &C.
The department of commerce and labor
will consist of the secretary and an as
sistant secretary, chief clerk and dis
bursting clerl. and such other clerical
assistance as may be authorized here
after. The following bureaus, divisions
and Officers are included in the depart
ment:. .~'.-. 49,
The Lighthouse board the lighthouse establish.
Mus tbs ,..t:onal bureau of standards the
,.sst nj gt~.detic survey, the commissioner gen
erai of immigration. the commissioner of mmi-
grafton. the burea,. OF immigration, the im1ni
grafton service at large. the bureau of Stats
ties, the sten mboat Inspect ion service, the bI
r"au Of navigation and the United States ship
ping commissioners from the treasury depart
ment, the census office. the department Of la
Dor. the fish commission, the bureau of foreign
commerce. which is to be made part of the
bureau Of statistics The bureaus are the
bureau of manufactures and the bureau of cor
porations.
The control over the fur seal, salmon
and other fisheries OF Alaska and over
the immigration of aliens into the United
States and Chinese immigration is placed
with the new department. The president
is authorized to transfer at any time
any office, bureau division or other
nch Of the public service engaged ir
~ tistical or scientific work except the
.ts"sts.te commerce commission