The comet. (Johnson City, Tenn.) 1884-1916, 1905-02-23
Why2

Recent developments of importance
to the financial and industrial situa.
tion are summarized as follows:
Roosevelts majority after he had
brought suit against the Northern Sc.
curities Company and forced settle.
ment of the coal strike: 2,529,OOO.
Vote for Debs, socialistic candidate,
1856, 055.
Recommended by the president that
the powers Of the Interstate Commerce
Commission be increased 80 as to reg
late railroad rates.
Bill to establish this regulation pass.
ed by the house of representatives with
only seventeen negative votes.
The unanimous decision of the su.
preme court of the United States de-
claring that the beef trust is q combi-
nation in restraint of trade and giving
wider meaning to the term 'inter.
state commerce.
Investigation of the beef trust by
the bureau of corporations, the report
of which Is promised in few days.
An investigation of the Standard Oil
Co. ordered by President Roosevelt
especially in relation to the dispute
with the Kansas producers; this in
vestigatlon to be conducted by the
bureau of corporations.
The state of Kansas to erect an inde-
pendent oil refinery under state con-
troll.
House of representatives orders an
investigation Of United States steel
corporation.
Recommended by the commissioner
of corporations that life insurance COM
panies be brought under federal super
vision.
naturalization of the Equitable Life
Assurance Society.
Recommended by the secretary OF
the treasury that trust companies OF
large capitalization be incorporated un-
der federal law.
Recommended by the bank superin-
tendent of New York that trust compa-
MES be compelled to maintain larger
reserves and to make more frequent re-
ports to the bank department, and bills
have been introduced to provide for
these things.
Various recommendation by the
bank superintendent of New York, and
bills introduced to carry out the same,
to compel directors actually to direct
and to prevent the transfer of control
to other interests without notification
to and investigation by, the banking
department.
Recommended by Commissioner
Garfield of the bureau of corporations
that all companies transacting an in
terstate business be compelled to OBJ
tain federal franchises and in order tC
obtain these franchises to satisfy GER.
tain requirements as to organization
and publicity.
Bills introduced into the house o.
representatives and into the New Yorl
state senate to safeguard the interests
of investors in any organization o
companies and prevent certain evil
which have developed in the promotion
of new corporations and in the consoli
dation of old ones.
Governor Herrick of Ohio recon
mends that the business of interurbal
electric railways should be regulated
and controlled by the state.
The authorities of the city of Ney
York propose the establishment of
municipal gas plant.
Merchants association complains tina
gas sold at 81 per thousand feet yield
profit to companies OF 100 per cent.
and law is proposed to reduce th
price.
Crusade against telephone charges
the city of New York; proposed legisls
tion to reduce them. A senate resolr
tion for legislative investigation
telephone situation.
Bill introduced in the United State
senate to prevent trading in option
and futures in cotton, wheat and oth'
commodities in any part of the Unite
States,
The state legislature OF New Yol
proposes to tax transactions in stool
at the rate of 50 per hundred shares,
The state senate OF Missouri propos
constitutional amendment for taxatiC
of incomes OF more than 1000 yea
A widespread sentiment in favor
the revision Of tariff SO as to remove
-
inequalities. President Roosevelt
understood to favor such revision.
Is there any explanation that will a
count broadly for all these phenome
in q nation and period of abundil
prosperity? The air seems to be char
ed with the electricity of disconte
with certain existing conditions. VIII
Wall Street Journal.
d Buildings Bill May Be Doomed.