The Montgomery advertiser., 1907-07-01
NEW LAWS GO
INTO EFFECT
Numerous Acts Passed
By Legislatures.
MANY or The FREAK oRDEn
Two Cent Passenger Rate Law
Predominate.
New Iee-l ostis. Lsw = z,,a.@lu
ass. Iass nssss Ms.xsy- Il.H~ ss
1rsss q s.lse.. Ezsssss&
70 cIssA
lazy OF The FREAK oRDEk

Washington. d. e., June 11s---Num@s
erous acts passed By the legislatures %
the various states during the past wins
ter and spring are to - Into efkoet
today. "A number 81 them are of 81
more or less radical character, -
many are directed against the opera
tion Of trusts and bucket-shopa. whf5&
others provide for the rexu1atfon -
railways and insurance companies. 0<1If
ethsrs are decidedly of tho frshk ex*
der. H
IN half dossn statss the a-csnt pss-
senger rate and maximum xrsixht rata
lows an anti-pass law goes into korc1I
The new local option Law Of IIixno{4
which goes into force tomorrow, n ~
pected 10 close hundreds Of HGlcpn1;
especially Ia the rural districts
In South Carolina an ankf-nuck&<
shop law becomes elective The law
II patterned after the Georgia law ana
Is expected 20 result In the cl0slnx IN
Of All exchanges dealing In failures.
In South Carolina also = raw <&S@
hour labor law Affecting cotton nsf<le
goes into operation. For ths preHenE
the mills will be permitted 70 maintain
y echadllla Of t4sy-sxze Aza.=N 4 WnA&
but on January 1, the sixty hoWx
schedule viii 80 into effect
The measures enactNd bx the IA&<
session OF the Texas Legislature sra no$
to come into force until July IL. TIA
most important OF the new laws IA fh@
general interest II that which requires
the life insurance companies dSkNH
business IN the state to inxest * 9@k
cent. Of the reserve on Texas buSIn4Ss
in Texas securities and deposit tneEz
with tho state treasurer A nuznbar rs
the big insurance companies hay& d.
ctded 20 withdraw from Texas kaf{ts
er than comply with the new taAN
Another measure passed by the i&k4
Texas iegisissnre entities 8 tfArSlisr Is
have q top sheet ef s<ainfmszs6
fanx M Of nine feet, ana &nx innh0 A6E,
lodEinm house Esep&f, or siAH&iiw 0&f
pToprfet0f wia faIie 70 1o30ozN &fik&
the law II liable - 3 line
The so-eaiied Public util4<iea BLK
watch becomes q law IN Ne# York ~
morrow. is one Of the most ~ xe&Asss
ing reform measures sy6r passed AF
an American legislatmre. II pusN Ni<*
der direct state control every pa1lf2
service corporation, great ot 1nS21s
with the exception OF the te1oDnnt
and the telegraph. Undar the n&H l44r
four Of the most imporknfiH e<4x6 s,>i;..
missions pass out Of exz8 z&N&& III
their place are to be two boards AZ
1--we fAEtNDekn SsIhf az o. HA#f# #4*E
appointed BY the governoEs &ua th4e4
boards are to have ccmDaese ecnffef
or the regulations goBernfeS the tks1sr
portation and lighting facilities az the
state. II will be Tor them 10 4oins,&x
ell corporations to give safe anN afA@
Qaato service at Just and eeAnonaf,f&
rates. 10 prevent all rebates ara dis
ordinations; 70 compel all ceuzns6n
carriers 10 have sufsieient Cars HisA
motive power. and to see that th4R h&
held specifically liable for Loss or dams
age due to delay occasioned ~ noaizs
Sence.
The same Law prohibits the giving &c
free passes except in q few umfea6 IN
stances. 1t provides also tha< no trans
chise shall be capitalized IN axeaas aE
the amount ActuAlly paid to the skAk&
| AZ consideration for the grant 81 th&
| franchise; that the capital stock oz 4
corporation formed BY the m&rNef ~
consolidation OF tive or more cnrpasa.
tless shall not exceed tiie sum OF THIS
capital stock Of the corporations "a
consolidated at their par value. Of gucA
sums and any aditiona1 sums aczuAIi5f
paid Ia cash; NOR shall any coptt1S<
for consolidation or lease be capitaItzeH
In the capital stock OF any corp61as
ton whatever; nor shall any coF1iosH@
tion hereafter Issue any bonds aGe&nsE
or az q lien upon any contract for e1N<
soIidation or merger" Il IL provided
also that no corporation shah purchase
or hold stock IN another such ccKpnEa4
tion or common carrier unless GuknnM
rized By the communication.