The Montgomery advertiser., 1907-07-05

and that it soid for, on an average, of
 IS cents per pound. and tAat 1t could
 be raised for between anS ' cents
 John Craft of Mobile mads .a verbal report for the Committee Ion Good 1 Roads. He spoke in behalf of good roads for the State and said that they
 were needed in every county in the State. and compared the difference of cost in transporting the products of the farms over the public roads and over railroads, and said that the cost over the public roads would-dgure at a rate of about 90 per cent higher than road. Better legislation for good roads 1 throughout the State, he said, was badly needed.
 Upon motion of T. H. Motion of Bir- mfngham, the work of the good roads committee of the State. Association and of the Good Road Association or the State was endorsed.
 F. P. Glass of the Committee on Res olutions made the report for his com mittee. and the following resolutions were adopted:
 F,urdens on Foreign Loans. "Whereas, 1t appears that certain laws enacted by the Legislature or | Alabama, at its recent session VIII nm nose such heavy burdens upon the Ior- eirn mortgage or loan companies @do- | inr business in this state as Is caus- | ing said companies to either increase | their rates of interest, to such an ex- tent as will impose great hardsnips upon borrowers, or to cease absoluteiy from doing business in Alabama ana
 "Whereas, the loans made by said companies in this state, are larseiy confined 70 farmers. mechanics ana other persons of moderate means; | therefore be it
 "Resolved, By the Alabama Commer- cial and Industrial Association, that we believe such Legislation is pre1udi- cial to the best interests of the state of Alabama, and that this Association memoralixe the legislature at it's ad- | journed session to be held in July, to repeal its recent acts regarding the | business of said foreign mortgage or Iloan companies to justify them In do- | ing business in the State as heretofore | "Res.lved. further. that we believe
 1t best to repeal the law passed by the present legislature and ieave the law | as 1t stood before the enactment of this | last bill; that any attempts to modify | or amend the law might be regarded with suspicion and doubt by the for
 eign loan companies; the old law being
 understood. and having proved satis-
 factory to the loan companies, we l think 1t unwtse to pass any law that
 might possibly keep them from doing business in the State. What we want | is more and cheap money to develop 1 our state.
 "Resolved. further. that these reso- l Iutions be submitted to the legislature | by our Committee on Legislation and | that said scomnlgttee, and every mem
 Der of this association be requested to
 urge the legislature to repeal the act referred to-"
 Resolved. shat every Commercial Club in Alabama be requested to send
 delegations to Montgomery to co-op-
 crate with our Legislative Committee I in securing the repeal or the law im-
 posing further taxation upon foreign loan companies in Alabama.
 Life Insurance Business. Resolved that this association is op- l posed to the passage of any law by
 our legislature, to force life insurance companies doing business in Alabama to invest part of their reserve fund
 in Alabama. believing. as we do. that
 1t would be unwise to dictate to any
 company where 1t should invest. I Resolved, further, that we believe Alabama Is regarded with favor by the large life insurance companies and so long as they can invest and do bus mess in our state under laws as favor
 able as the laws of other States, we I need have no apprehension about their | willingness to invest in Alabama se- | curities and loan money at 6 low rate of interest.
 Resolved further. that our Legisla-
 tive Committee be instructed and di-
 rtcted to use its influence before the
 legislature. to prevent the passage of
 any such bill"
 TransHowtation Problem. l Whereas, 1t is almost universally
 conceded that a solution Of the serious | transportation problems which are | confronting the country and affecting 1 its progress and prosperity, can only be found in the deepening of Its haf- bors and the development of its in- land waterways; and.
 Whereas. the port of Mobile is the natural outlet for the vast commerce of great expanse of territory, and is the only seaport in the great State of
 Alabama; therefore be 1t
 Resolved. by the Alabama Commer- cial and, Industrial Association, That
 we recognize the necessity of arousing
 throughout the State greater interest in the improvement of her inland wa r terways and the harbor and channel at Mobile, and of securing united and harmonious action on the part of the commercial bodies in efforts to per- suade the Congress of the United States, through our Representatives in that body, that 1t would be the part of both wisdom and duty if more lfb- erality were exercised in making ap- propriations for said purposes"
 Return Thanks.
 'whereas, this Association has held a most successful two days session, in the beautiful city of Selma and has observed with surprise and admiration the splendid development and substan- tial growth evident on every hand and whereas. we have been Tn large measure the recipients Of the graceful courtesy and warm hospitality flor which the city Is so justly famous;
 Now, therefore, be 1t resolved. that the Alabama Commercial and Indus | trial Association as a body and as in- 1 dividual members congratulate the city of Selma upon having such a potent force for it's uphuilding as the Com mercial and Industrial Association, that we wish 1t God-speed in its work; and that we tender our sincere thanks for the welcome which has been so uniformly rendered as by the press the people and the members of the Selma Assoiation."
 Employers Liability BiII.
 'Whereas, bills have been introduced into the Alabama Legislature to fix the liability of employers to employees in personal injury cases, which win make radical changes in the existing laws and especially in matters of evil dehce and burden of proof, which will have a tendency to increase litigation to the disadvantage of industrial, min ing, building construction and trans rortatt0n anfarnrisas nf all kinds. and