Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-01-05
A. National Board to Exercise
Supervision Over Corpora
tions Is Talked of
SENATOR HEYBuRNs PLAN
Would Have the Board Consist of a
Commission of Five Members on SAL
aries of $1,000 Each, Secretary Of
Department Of Commerce and Labor
70 be Ono Member.

Washington, Jan. S. A national
board to exercise supervision and con-
troll over corporations IS provided for
in a bill introduced in the senate yes
terday by Senator Hepburn. 1t is pro-
posed that congress create new de-
pertinent Of the government to exist in
connection with the department Of
commerce and labor, to be known as
''the national board Of corporations
This board shall consist of five persons,
four to be nominated by the president
for terms of four years eacn at salar-
ies Of $4,000 annually, and the fifth
member shall be the secretary of the
department of commerce and labor.
Authority far greater than that en-
joyed by the department now entrust-
ed with the regulation of so-called
trusts and monopolies will be given
to the national board of corporations if
Senator Heyburn's bill becomes law.
The bill provides that the board shall
have the power to compel the produc-
tien of all books or documents, or the
attendance of witnesses to testify to
any question affecting the right of a.
corporation to engage IN business und-
Or provision of this act.
Senator Newlands yesterday intro
duced in the senate q joint resolution
providing for commission with in
stluctions to frame and report to con-
gress q national incorporation act for
tina construction and consolidation of
railroads employed in Interstate carry
Ing. The action proposed by the reso-
lutions, the senator says, has nothing
whatever to do with the recent sug-
gestions of Commissioner Garfield,
which he said simply covered the ques-
ton OF licenses to manufacturing COR
porations engaged in interstate COM
merce. It's purpose, he said, is to I'M
ify and simplify the railroad systems
Of the country, to place such systems
under national control, to make the
taxes fixed and certain and to make
dividends reasonable so that hereafter
any increase of business may tend
ma dramatically either to a betterment
Of roads and an increase of wages or a
dirlinution in rates.
Il bill introduced by Representative
Stevens of Minnesota proposes to a
mend the interstate commerce act so
tls to bring within the control 9 the
interstate commerce commission s-ate
car lines engaged in Interstate traffic
ilndl put such lines under restriction of
the Interstate commerce laws. Provis-
lon is made against the granting of
discriminating rates or rebates and
for reports to the interstate commerce
cornmission.
Senator Clay introduced bill grant
ling fifteen days annual leave of alb
SERGE to rural free delivery carriers.
Senator McComas introduced bill
yesterday to advance to the next high
Or grade any officer of the marine
corps who served during the civil war
and is on the retired list below the
rank Of brigadler general.
Fly bill introduced yesterday by
REPRESENTATIVE Gillespie of Texas it is
proposed that United States district
Judges shall have been residents Of the
dis sr;ct for at least five years prior to
appointment and that they shall reside
continuously within the district while
ION the bench. A violation of the provis-
lion is made high n1isdemeanor.
Senator Plat of New York yester-
day presented to the senate petition
asking that provision be made for the
collection of statistics relating to mar
riau,es and divorces, in order to bring
information Of this character down to
the latest practicable date.
Representative Dayton of West Vir-
iyinta introduced a bill yesterday au-
thorizine the president to place lIpon
the retired list .of the army with such
increased rank as he may deem just
tlnd proper any officer who served with
credit during the civil war, either as
an officer or as an enlisted man, and
who has been retired since the COM
,nencement Of the Spanish war on ac-
count of disability in service and who
did not receive the benefits of the act
of April %, 1904.