The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1914-10-29
CONGRESS-
ADJOURNS

/ Washington. Oct 21.-The first
/ regular session of the Sixty-thIrd con-
gress, which began Dec. l, 1913, Is
about TO be concluded. Begun as an
uninterrupted continuation of the
special session called bT President
Wilson month after his inaugura-
ton, 1t Is the longest sitting of con-
Rress 10 the history OF the nation.
The work, including that OF the
! special session for tariff reform and
income tax provisions, represents the
legislative achievement Of the first
democratic congress since March 4,
1877. The chief enactments include
the new currency law, antitrust leg
sslation, repeal OF the toll exemption
proyision for American coastwise
ships in the Panama canal, and the
provision 20 build . government rail-
road in Alaska. !.
TIE congress was remarkable for
the fact that in less than two years
IL had b. deal with conditions arising
from two foreign wsrs-the reyoIu-
tion In Mexico and the European
conleI--and WAS on tile verge OF fac
log var between the Uaited States
aud Mexico. Both of these situations
demanded emergency legislation some
OF which mas have far-rsaching
effect upon The future course Of the
nation In it, foreign Affairs.
The most important OF the laws en-.
acted by congress since Dec. J., 1918.
WEIR:
Federal reserve act, creating IL re-
gional reserve tanks and federal re-
serve board OF control and reforming
the currency system.
| Federal trade commission act, Gre
ating q commission OF i've members
aud absorbing the bureau Of corpora.
tions. To investigate the organization,
conduct and practices Of Industrial
corporations; inquire into unfair
composition and alleged violation Of
antitrust acts. TO aid the department
u justice and the courts In the prose-
cution Of business offenders: TO make
public information deemed to 10 Of
public interest relating TO Industrial
conditions. and TO recommend remed.
ial business legislation.
The Clayton antitrust act, which
provides for punishment Of lndivid
uals connected with corporations con.
yicted Of Violating the antitrust laws,
limits interviewing directorates, pro-
hihlts holding companies which will
lessen composition, prevents exelus-
i've and tying contracts. libeTalizes
laws relating TO injunction and con-
ten pt aud exempts from prosecution
under antitrust laws agricultural
horticultural, fraternal and labor or
CARNATIONS.
Act repeating tle provisions OF the
Panama canal Law exsmpting from
the payment OF tolls American yes
sells engaged In coast = lse shipping Of
the United States.
The Alaska railroad law, providing
for government construction aud OPP
GRAFTON Of 1000 miles OF railroad with
telegraph aud telephone lines for the
lower Pacific coast 70 interior waters
ana mineral REGIONS OF Alaska at a
cost not to exceed s35, 900, 600.
Laws placing on war footing the
volunteer militia and naval militia oI
the states and subJecting them IN
time of war TO the call Of the sigma
corps OF the army.
Laws regulating cotton future sale'
on stock exchanges, providing y tai
OF cents pound on sales for future
delivery unless actually delivered un
der conditions and grades established
by the department OF agriculture.
OyeIshadowing much other import
ant legislation were emergency meas
ures demanded by the extraordinar!
conditions pTeoipitated by the war IL
Europe. Sucn legislation, enacted o.
about TO become law Included the fol
lowing measures:
War revenue law imposing specia
internal revenue taxes 10 aggregate
approximate annual revenue of slos,
600, 600 to offset estimated treasur!
J deficit due TO loss Of customs receipts
/ during the European war.
Amendments TO Panama canal ac
admitting to American registry for
: eignbuilt ships OF American owner
: ships 10 engage In overseas and SOutl