The Birmingham age-herald., 1910-09-04
Stock and Bond Commission
 Named Before He Leaves \
WILL BEGIN WORK AT ONCE
Arthur IT. Hadley of Yale Is Chairman of the Commission and Four Other Men VIII Assist Him in
 the Work

|
 l Springfield Mass, September B. | President Taft announced this after.
 noon his appointments to the new
 stock and bond commission, which vii investigate the question of bringing
 future issues of railroad securities un' | der the supervision and econtrol of the
 interstate commerce commission.
 The announcement was made shortly
 after the President left Boston for St
 Paul, where he will speak before ths
 national conservation congress. | pr. Arthur T. Hadley, president oi Yale university, is named as chairman | of the commission. The other members | are Frederick N. Judson of St. Louis
 Frederick Strauss of New York, Wal.
 ter l.. Fisher of Chicago, and Prof. B
 H. Meyer of Madison. Wis 1 The President Is particularly grati-
 fled at obtaining the consent of all
 these men to serve More than 200 names were suggested to him and care fully considered before he arrived at 
 a choice.
 MT Taft regards the commission as representative both of conservative and progressive thought In railroad legis- lation. If there would be a class- fcation along the lines he would prob ably place Messrs. Judson and Strauss with the conservatives and Messrs. ,iFisher and Meyer with the progress sives, leaving Chairman Hadley as the impartial referee.
 The commission will begin It's work at once, although delay obtaining the Lacceptance of some members has made 1t impossible to hope that a report | can be submitted to the coming ses- sion of Congress. President Hadley will sail for Europe shortly to study methods abroad. The remaining mem bers of the commission are soon to be in Washington.
 Political Conferences The Presidents train had hardly pulled out of Boston today before he was in the thick of series of polit- ical conferences. Representative Washburne of Massachusetts was his guest from Boston to Worcester. Sen ator w. Murray Crane, his most inti- mate political adviser, boarded the train here to ride to Pittsfeld, which is the nearest stop to the senator's home at Dalton.
 Governor Hughes of New York rode from Pittsfeld to Albany.
 capator Crona bod not eaap tho President for several weeks and con sequently had Tong report to make on political conditions In general. Gov ernor Hughes brought a welcome op- | portunity for conference on forth coming appointments to the supreme court. The governor already has been confirmed as an associate justice and | for chief justice.
 Regarding the work of the new stock and bond commission, it was stated to- night that their Investigation will be thorough. The President feels that the standing of the commission members in their respective communities Is an earn est of what may be expected of the report they will make.
 MT. Judson is a graduate of Yale, the author of several books on law, taxation and interstate commerce., and in 1890 acted as special counsel for the United States in the prosecution of the Atchl- son. Topeka and Santa Fe railroad and the Colorado Fuel and Iron company for giving and requiring rebate.
 F Ftsderfck Strauss, economist and bank er .s a member of the firm of Seligman < Co. of New York.
 Flsher1 Work fin Chfcaro
 Walter L. Fisher of Chicago was at- torney for that city in the settlement of the Chicago traction dispute, which in- volved the delicate readjustment of a complicated situation, whereby all the underlying securities of the H.s set Rail- ways company of Chicago were taken up, exchanged for new securities and thu companies themselves consolidated He also Is regarded as author of the plans whereby the city of Chicago and the street railways divide profits.
 | He has been president of the City club of Chicago and Is vice president of the national conservation commission
 Prof. B. H. Meyer of Madison, Wis, has the chair of political economy at the Uni versity of Wisconsin, Is an expert spe- cial agent of the census bureau, and Is in charge of the interstate commerce com missions bureau of physical valuation | or rHllWdyS. TIC IS huOWn dS dH dulnOT- ity in railway matters in general
 Maj Charles Heine, one of the busi- ness experts who has been in Washington | for the last few weeks to study new eco monies in the government departments
 accompanied the President from here to
 Pittsfed and had a long talk with him.
 The President Is travelling in the pri- vate car Mayf1ower. which he used on
 his long trip through the west last fall With him are Secretary Norton and Capt
 A. w. Butt. his military aide Several
 newspaper men occupy car ahead.
 A Noisy Welcome
 crowd of several thousand people
 stood in the rain here for an hour await. | ing the President, and gave him noisy
 and demonstrative welcome when he ar. rived. Mayor Lathrop. Senator Crane and
 Representative Gillette climbed aboard
 the car and the mayor spoke formal word of welcome and introduction.
 1T am both surprised and gratifed al l this welcome" the P esident said in re. | ply. II live in Massachusetts during the
 summer and am such a commonplacs .s4s-.., \ tho fo that tbopOhf oo,.1