The Barre daily times. (Barre, Vt.) 1897-1959, 1910-02-08
Administrations Bill Goes to
Congress
PROVISIONS FOR CHARTERS
President Taft Is Anxious That the Bill
Be Passed-He Regards Il as an
Important Political
Measure.

Washington, Feb. s.-The administra
tion bin providing for federal incorpora
tion Of corporations engaged in inter
state commerce was presented in both
branches Of Congress yesterday. The IN.
Productions were made BY Senator Clark
Of Wyoming and Representative Parker
Of New Jersey, chairmen, respectively
of the Senate and House committees
on judiciary.
IN The House reference Of the bill
to the judiciary committee wac made
without objection, but in the Senate Mr.
Newlands opposed the second section Of
the bill and gave notice that to-day be
would ask 10 have it referred to the com.
mittee on interstate commerce.
Mr. Clark said that the measure in
volfed many legal points, which only the
judiciary committee could deal with
properly.
The bin provides that no corporation
viii be appointed to acquire Or hold
stock in any other corporation and that
forfeiture Of charter may follow any at
tempt to form a combination in restraint
Of trade. An corporation charters are
made subject to alteration, suspension
or repeal by Congress. At least ma
iority Of corporation directors must be
citizens Of and residents in the United
States. Provisions are made governing
increase and decrease Of capital stock
and the issuance Of bonds. Fees are
fixed at one-tenth Of one per cent. or
the total capital up to Sl00cOo00, one
twentieth 81 one per cent. from $1,000
600 to s2O00o00o. and $3.50 on every
million dollars Of capital IN excess Of
s20oo000o
The Senate was in session for Ave
hours yesterday. The calendar was
cleared Of unobieeted bills, including bills
authorizing the establishment Of fish
hateheries IN many states, the postal
savings bank bin was briefly considered,
and Senator Raynor addressed the Sen
ate. pointing out objections to the meas
ue, which be thought was unoonstitu-
tional No action was taken on the bin
which went over.
senator Clark Of Wyoming introduced
tile administration federal incorporation
bin ana asked that il be referred 20
THE judiciary committee 81 which the
senator i chairman. The proposed ref
erence was objected To ~ Senator New.
lands, who desired that the bin be re-.
fefred to the committee on interstate
commerce Pending the settlement Of
the question Of reference, the bill tent
over until to-day.
A revival Of the sectional strife Of
Civil war days was heard in the Senate,
when a bin was introduced authorizing
the war department to loan tents to the
Confederate veterans for their annuai
eHeampmeut at Mobile. Senator Hey
burn Of Idaho bitterly opposed the reso-
luton and incidentally condemned the
plan to place Robert q. Lees statue ID
statuary hall AZ the capitol The reso
luton Vas passed, Senator Heyburn's
being The only vote il the negative.
The Senate held BRIEF executive ses-
sion and confirmed The nomination Of
Daniel AshWorth as pension agent at
10 report was made yesterday BY
Chairman Kean Of the Senate committee
on contingent expenses on the resolution
before it providing for an investigation
into the subject Of increased cost Of
living. Action was delayed in order
that The Senate leaders may confer with
reference 70 formulating some plan for
3 quick and thorough inquiry and to
determine just what the scope Of the /
Investigation shall be-
Senator Elkins opposition to The
Lodge resolution WIN, il is said, be with (
irawn.
TIE win participate IN the conferences
IN The subject
The indications are that an agreement I
Will be reached III time to report reso-
luton for an Investigation, with a state
nent Of the probable cost thereof to.
day or Wednesday at the latest.
The rules committee Of the House de
voted some time yesterday to consider
ing the Payne-clark resolution proyid
ing for a food inquiry by the House
Ways and means committee, but no &C
ion was taken.
Clement g Dickerson, successor to tho
ate Representative DeAmond, was YES
-erday sworn in as member Of the
House to represent the sixth Missouri
district
The Senate yesterday passed The binI
providing for the extradition Of criminals
rom one state to another on einforma.
ton" as well as Indictment proceed
ngs.