Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1915-01-01

~ president. although ne soon announced
f, ,T purpose OF turning over the executive
Lu.ncuon to provisional substitute and
iAlmseIf becoming q candidate.
september q Villa declared war up
1m ene provisional president The consti-
C. t-e held meeting at Mexico
10y on October and refused to accept
t. len cniers resignation. At conven-
eion OF the party held at Aguas Caiientes
-. Ia Octoper a. Carranza again presented
MS resignation and a few DAYS later Villa
promised to support a provisional presi-
uent named by the convention At that,
zen. Euialio Gutierrez was appointed by
the convention. but Carranza refused to
recognize him. The new president an
poihteo Villa commander in chief of the
government forces and ordered him to
proceed Proc at once against Carranza AS
VIVA and his men reared the capital.
Carranza and his soldiers withdrew
On November % the American forces
were Withdrawn from Vera Cruz and
soon aIterWard Carranza and his follow
CTS TOOK possession of the seaport Villa
ana Zapata united in support of the
Gutierrez interests, and the prospect of
peace In the immediate future is far from
encouraging
On December Is, 5000 United states
troops We're sent to Naco to stop continued
llrlng py the Mexican factions into United
otates territory. The struggle between
the combatants in northern Mexico con-
tlnues undated.
Longest Congressional Session.
The first regular session of the Sixty
thlrd congress was the longest since that
great law-making body came into exist
ence-from Dece.nber /. 1918, to October
"a, 1914. After the holiday recess both
branches We're addressed by President
wilson upon the regulation of corpora
tons. In his address the president recon-
":ended the formation of trade commits
sion, the doing away with interlocking di-
rectorates and holding companies. and an
antitrust law. On January "a the senate
passed bill authorizing the government
&c construct railroad In Alaska. On
February Is the house passed the bill.
During this month, also, the admins
tration introduced a measure into both
houses to establish a rural credit system
by means Of cooperative banks. On Feb
ruary bill was introduced into both
branches which provided that the govern
ment might mine or lease on a royalty
basis certain coal lands in Alaska.
On March the president delivered an
other address to congress in the house
chamber, in which he urged the repeal
of the provision in the Panama Canal act
of August, 1872 exempting vessels en-
gagged in coastwise trade from the pay
ment of tolls. With senate amendment
to the effect that the United States re-
linquished no rights under treaties with
Great Britain and with Panama, the tolls
repeal bill became law.
On April 20 the president again ad-
dressed congress, giving the facts in the
Tampico affair and asking authority to
use force in compelling settlement. Both
houses passed the necessary measures
lNl- a.
measures prominent in the presidents an
thrust legislation-the creation of trade
commission, the Clayton bill, and the rail-
road capitalization bill-were passed, but
it was not until August that the senate
adopted the measure creating federal
trade commission. The Clayton antitrust
bill did not become law until October.
August 4 both houses unanimously
adopted an amendment to the federal re-
serve act, by which the secretary of the
treasury was given power to issue addi-
tional bank currency in such amount as
would be necessary to protect the bust
ness situation and avoid financial panic.
On September the president once more
addressed congress, pointing out the need
of raising additional revenue to meet the
deficit causd by the decline in imports
due to the European war;
The closing days of the congress passed
in an active effort conducted by members
from the otton-growing states to obtain
legislation for the retail of the growers
of the staple.
On October "a the first regular session
of the Sixty-third congress came to an
end.
American Government and Politics.
On January Q Secretary McAdoo and
Secretary Houston began a series of
hearings to determine where the new fed
eraI reserve banks were to be established.
The federal reserve bank system went in
tc effect November 16. On January 10
the Washington authorities and the New
York, New Haven and Hartford railroad
officials came to an agreement by which
the railroad relinquished its trolley lines,
its control of the Boston and Maine. and
most of its steamship lines, in order to
avoid further conflict with the Sherman
antitrust law President Wilson nomi-
mated John Shelton Williams, then asss-
tant secretary of the treasury, to be
comptroller of the currency and ex-officio
member of the new federal reserve board.
On January 81 the president signed an
important order which established a per-
manent civil government in the Panama
Canal Zone, to go into effect April l. A
few DAYS later he nominated Col. George
w. Goethals to be first governor. On
February II the government brought suit
at Salt Lake City to compel the Southern
Pacific railroad to relinquish its control
of the Central Pacific.
In March government proceedings were
begun against two railroads: The inter- |
state commerce commission accused the
Chicago, Milwaukee and st. Paul road
with overstatement of income and other
financial irregularities, and suit was
brought against the Lehigh Valley road
under the charge that it was monopoliz- |
ing the anthracite coal industry through |
subsidiary companies. In this month. also, |
the department of Justice announced that |
a plan for breaking up the transportation |
monopoly practiced by the New York, |
New Haven and Hartford had been ar
ranged satisfactory to all parties.
Early in April the government met with |
defeat in it's attempt to prove that the !
Delaware Lackawanna and Western road |
and the coal-mining company of the same |
name existed as an Illegal and monopolis- |
tic combination. On April the commit |
tee appointed for the purpose announced |
that it had selected twelve federal re-
serve districts, with their central bank |
ing cities, under the new currency law.
On June the American Thread COM |
many. which was proved TO be a combina-
tion Of manufacturers which practically |
controlled the output. forestalled the ac-
80. z-,+oyar1afed nv the deDar fYnant Of 1