Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1907-07-02
MANY STATES
SEE NEW Law
IN OPERATION
ENACTMENT OF RECENT LEGls-
LATURES IN EFFECT TODAY
MANY RADICAL MEASURES ARE
ENFoRcEp

ENFORcEp
Washington, D. c., July 1.-Numer-
Gus acts passed by the legislatures of
the various states during the past
winter and spring are to go into effect
today. A number Of them are Of a
mere or less radical character, and
many are directed against the opera
tion of trusts and bucket shops while
others provide for the regulation OF
railways and insurance companies
Still others are decidedly Of the freak
order.
In half a dozen states the 2-cent
passenger rate and maximum freight
rate laws come into operation today.
In Iowa an anti-pass law goes into
force.
The new local option law of Illinois,
which goes into force today, is ex-
pected to close hundreds Of saloons,
especially in the rural districts.
| In South Carolina an anti-hucket
shop law becomes effective. The law
IS patterned after the Georgia law and
lis expected to result in the closing up
of all exchanges dealing in futures.
In South Carolina also new ten
hour labor law affecting cotton mills,
goes into operatoion. For the present
the mills will be permitted to main
tain schedule Of 62 hours week,
but on January / the 60 hour schedule
will go into effect
/ The measures enacted by the last
session of the Texas legislature are
not to come into force until July IL.
The most important of the new laws
In the Lone Star State, or the one OF
most general interest. Is that which re
qutres the life insurance companies
:, doing business in theS state to invest
Is per cent of the reserve on Texas
business in Texas securities and de
posit them with the state treasurer
A number of the big insurance com
Epanies have decided to withdraw from
Texas rather than comply with the
new law. Another measure passed b!
Che last Texas legislature entities. {
i, traveller to have top sheet of min
imum length" of nine feet, and an!
,, innholder, lodging house 9eper O
/. sleeping car proprietor who fails t.
. comply with the law Is liable to a fine
q | u6 SO-CdlltU OIllLlSS DlIl
, which became law in New York to
q day is one of the most far-reachinl
t reform measures even passed by al
j. American legislature. It puts under d
d rect state control every public servic
9 corporation. great or small, with tn
! exception OF the telephone and tele
: graph. Under the new law four of tn
h most important state commissions pas
cut of existence. In their place are t
be two boards Of five members eacf
! all of whom are appointed by the go'
= ernor, and these boards are to hav
:, complete control Of the regulation
governing the transportation an
i lighting facilities Of the state. 1t wi
y be for them to compel all corporation
d tc give safe and adequate service 6
a. Just and reasonable rates; to prever
a all rebates and determinations; I
IS compel all common carriers to hay
" sufficient cars and motive power an
It to see that they be held specificall
1t liable for loss or damage due to della
r. occasioned by negligence.
le The same law prohibits the givir
of Of free passes except in a few limite
r instances. 1t provides also that :
It. franchise shall he capitalized in exce!
s, of tie amount actually paid to II
~ state as consideration for the grant
a. the franchise. that the capital stce
Of CORPORATION formed by the merg
% or consolidation of two or more corp
p -attons shall not exceed the sum
y the capital stock Of the corporation
a. a. SO consolidated at their par value.
~ ~ such sums and any additional sun
~ ~ actually paid in cash; nor shall al
-. contract for consolidation or lease
- capitalized In the capital stock of al
corporation whatever; nor shall al
IN corporation hereafter issue any bon
"a against or as lien upon any contra
he for consolidation or merger 1t is pl
Nv vided also that no corporation sh;
RS purchase or hold stock in another su
lc- corporation or common carrier unle
at authorized by the commission