Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1913-04-17
In Senate Measure Corpora
tons, With Majority Of Stock
Held by Foreigners Escheat
at End of Year,
BATTLING PROBLEM
PUZZLES LAWMAKERS
Men Of Prominence Protest
Against Action That Might
EmbarraSS Californla's Fi-
nanciaI Affairs,

tBs Morning journal Special Leased Wirel
Sacramento. cal. April l6-Not tho
exclusion of the japanese farmer, but
the probable effect of the proposed
allen land law on European capital In
vested in the state Is now the prln-
cipai issue involved in discussion oi
the bills proposing 20 restrict the
rights of foreigners in California, one
Of which was passed yesterday by the
assembly.
Protest has arisen from representa-
tives e the English and continental
syndicates and stronger influence
than that represented by the formal
complaints of the Japanese govern
mcnt is being brought to bear in an
effort to kin the measures altogether.
or to amend them In such "a way as
to effect only the Japanese
The assembly bin permits corpora
tions controlled hS persons eligible 10
citizenship To own property, hut the
senate bin makes no distinction.
which is Ia line with the sentiment
heretofore existing against giving Of
fense to Japan by discriminating in
favor of the subjects Of any other ma
tion. The senate bin classes all for
eign syndieatos and corporations as
alien and it Is admitted that if the
wording of the act is retained II will
be impossible to exempt European
capitalists
Within the past twenty-four hours
scores of letters and telegrams have
been received and dozen attorneys
.and capitalists have made their ap-
pearance. all protesting against a law
that would be inimical 10 the present
or future investments Of the banking
syndicates of London. Paris and Ber
lin II is pointed out that the stocks
Of many of the large corporations Of
California are dealt IN on the ex-
changes Of European capitals, and
that at a particular time a majority
Of such stock might be owned by per
sons not citizens Of the United states
Under the senate bill the property
owned by such corporation would be
subject TO escheat to the state after
one year.
Senator Thompson. author of the
senate bill, is convinced that interna-
uonal complications can be prevented
only by enactng an impartial law re-
stricting an aliens alike and for this
reason he is opposed TO the assembly
bill. That bill. he said. differed from
the senate measure prepared by his
committee only in the clause relating
to corporations, and he believed the
senate measure the more restrictive
on Japanese, since it provided that a
majority of the stock Of any corpora
tlon owning California land must be
held by American citizens or those
who have declared their intention Of
becoming citizens
Senator Thompson found upon in
vestgation today that the eligibility
of japanese TO citizenship in the
United States had never been carried
to the supreme court In two circuit
decisions, the first in 1902. and the
second eight years later, the rights
of japanese subjects to ctizenships
are denied on grounds of race.
Both the senate and assembly blllsI
are awaiting action In the upper house
and viii not be brought to Il vote I'M
til the question OF amending them is
settled in conference.