The Washington times., 1913-03-09

I Rudolph and Harding will be the
commissioners. General Johnston de-
| Gliding that his interest in pubic
utilities elsewhere debars him from
The suits for dissolution of certain
companies being considered by Cor
poration Counsel Thomas will be
carefully discussed by the commits
s!oners. The general public utility
4 law will have to be considered In
| connection with the La Toilette re-
straining provision and an interpre-
. tation of the two made together. The
| La Toilette anne ndment. the provisions
| of which are not generally under
stood. IS as follows:
That it shall be unlawful for any
foreign public utility corporation, or for
OIL for any local street railroad corpor-
alton, gas corporation. electric corpora
ton, telephone corporation, telegraph
corporation, or any other local pubic
utility corporation, directly or indirectly,
to own control. or hold or vote stock
tion organized under any general incor-
pcration law or special act of the United
States or authorized under any law of the
United States to do bus ness In the Dis
trict Of Columbia. except as heretofore
or hereafter expressly authorized by
Congress; and It shall be unlawful for
any public utility corporation organized
or authorized as aforesaid to sell on
transfer any portion Of its stock or
bonds to any other public utility cor
poration or holding corporation what
soever, unless heretofore or hereafter
expressly authorized by Congress so to
Go, and every contract, transfer. agree
ment to transfer, or assignment by any
said public utility corporation organized
or authorized as aforesaid Of any por-
tion Of its stock or bonds without such
authority shall be utterly void and of
no effect. That the Supreme Court Of
the District Of Columbia, on application
Of the District VI Columbia by its COM
missioners or attorney or on application
Of the United States by its proper Of
ficer. or on application of any share
holder interested in any such corpora
tions. shall have jurisdiction In equity
to disclose any public utility corporation
organized under any general incorpora-
ton law or special section of the United
States, or authorized under any law OF
the United States to do business In the
District OF Columbia. for violation Of
any Of the provisions Of this section or
quire any foreign public utility corpora
ton. or foreign or local holding cor
poration which owns. holds, or controls.
or which shall hereafter own, hold. or
control any such stock or bonds con-
trary to any Of the provisions Of this
section. to sell or dispose Of the same
and to refrain from voting such stock
or bonds: Provided. That In case the
allegations In any bill fled in said
court relate to the ownership OF stock
or bords Of q local corporation by any
foreign corporation. then II must be
shown to the satisfaction Of the court
that such ownership includes at least
20 per centum Of the capital stock Of the
local corporation"
The concluding paragraph defines TO
cai' and foreign" as relating to the
District Of Columbia
~
The output Of the Greene-Cananea
Copper Company In February was $780,
900 lbs. Of copper. 15.217 ozs. Of silver.
and 750 ozs. Of gold.
A preliminary report to "Bradstreet's''
journal Of building expenditures In
February shows q total permitted for
in that month at 101 cities Of $S9 59S,-
019 against $a2.05s sol In January and
Sc. SIS, ,02S in February q year ago, q
gain Of 23.5 per cent. over January and
Of eos per cent. as compared with Feb
rrary. 1912.