The Montgomery advertiser., 1907-07-10
 WORKING FOR TEASLEY BILL Business Men of State Hold Meeting. APPEAL TO THE LEGISLATURE Senator Mil1er's Bill is Not
 Favored. Foreign Loan Companies Have Been Great Aid to state-wM With
 draw If Bill is Not
 Repealed.
APPEAL TO THE LEGISLATURE

cial Clubs throughout the State met in this city yesterday in joint sessions. unanimously endorsed the Legislative bill introduced into both houses of the Legislature by Senator Charles B. Teasley of this city, and voted to send committees, having in charge the re- peal measure, appealing to the legisla- tors and praying that the Teasley measure be voted favorably upon and so reported to the Senate and House.
 The first session was held in the rooms of the Commercial Club yestsr- day afternoon shortly before o'clock. at which time the measure of Senator Teasley was thoroughly hashed over and discussed in its every phrase. At o'clock yesterday afternoon, the Rep ' resentatives at the morning session, augmented by a few other arrivals, unanimously came to the conclusion that in the Teasley bill lay the future prosperity of the State, and relief from what has been characterized by the clubs throughout Alabama, the "dras- tic measures" of the bill at present operant.
 In attendance upon the sessions of the commercial representatives were a number of prominent citizens of Mont gomery, Birmingham and other cities. all of whom were present as result of the decisive efforts which were made at the annual session of the com mercial bodies. which convened in Sel- ma on the 3rd and 4th of July last. At this session, which was held in the Central City, the Association of the State Commercial and Industrial Clubs voted to oppose the bill which is at present in force. and to sustain any attempt on the part of any legislator to repeal the measure or obviate its measures.
 Bill is n Repeal.
 The bill of Senator Teasley which was yesterday introduced in both houses, and which Is in the nature of a repeal, doing away with the meas ures that are looked upon as drastic, was decided to be the one framed in accordance with the hopes of the As- sociation, and upon this measure. the representatives who were present yes- terday decided to throw influence for its passage. The measure of Senator N. L. Miller of Birmingham, which he looked upon as a compromise measure between the bill at present in opera tion, and the bill of Senator Teasley, was voted not sufficiently strong to render relief to the loan companies de- string to do business in Alabama, nor sufficient relief to the State promoters who desired the loan companies aid.
 The sessions of the business men
 
 loan measure. Their opinion at the end of the conference was that the measure of Senator Teasley met the conditions enabling foreign moneys to be brought into the State for invest ment, and that the bill of Senator Mill Ter was more as a compromise, which would not give the. relief desired Moreover, the Teasley measure, besides being simple and easily comprehended, answers all purposes desired by the loan companies, and thus allows them the privileges that will keep them in operation in this State"
 The Legal View.
 Prominent lawyers of this and other cities of Alabama transmitted to the representatives at their session yes- terday, their views on the constitu- tionality of the Teasley measure. The commercial representatives were of the opinion that the bill was entirely adapted to all the constitutional pro- visions. and that its legality could not be questioned.
 The arguments of the business mer will be presented to the House an( Senate committees today at noon, by Massey Wilson of this city, former at torney general of the State. who will present the argument from a lega viewpoint. Both leaders will be ac' companied by strong delegations iron all over Alabama, many of whom art expected in Montgomery today.
 One of the most interested atten dants upon the sessions of the busi ness men yesterday was Joseph B Babb, Secretary of the Commercial Club located in the Magic City. Sec retary Babb was thoroughly interested in the measure of Senator Teasley, anC expressed himself as being of the opin ion that this measure was the onlJ one so far presented that met the con ditions
 Major A. G. Forbes, president of thu local Commercial Club and of the Statt Association, gave out an interview yes terday in which he expressed himsel as opposed to any measure other thar that of Senator Teasley.
 This bill," the president stated, 'ii the one which meets the conditions and which gives the relief desired Our meeting yesterday was merely ont in which we met to endorse the meas ure of the Senator, and to make ap peal to the legislators that its pro visions and sections be put into oper' ation.
 Unless the Teasley measure il passed, l. as well as all the commer cial club representatives present yes terday, think that a great hardship will be worked upon the people. Or the Legislatures action upon thii measure depends the future prosperity of the State. We are burdened with ( lack of capital. The loan companies have this capital, and are willing tt furnish it, provided the increased tax ations are not compelled, and provid ed such a bill as Senator Tesley's il made to repeal the past ruling.
 Building Suspends
 q know of a number of people throughout Alabama who have at th' present time suspended building ac tivities owing to the fact that they have not sufficient capital with whicl to buy labor and material The loaT companies will not come forward witt any assistance unless they are relieved so there is the whole situation in nut shell unvarnished. The Legislators have the greatest interest of the State foremost in their minds and so also have the representatives of the Com mercial and Industrial Association. We are very much In hope that the Teas ley measure will be passed. for We be- lieve that 1t will fill the bill, whereas the Miller measure does not"