The Cordova daily times., 1915-12-14


 N be renewed in the Senate immediately the opening Congress- says writer in The Nations Business the off cia magazine of the Chamber of Commerce of the United States The question at issue will be whether in small legs ae body there is public advantage extended debate in speedy action in accordance with the decision of jorly reached in party caucus.
 Military defence of the country both by and by and will be foremost but legislation affecting industry and trade will probably be well forward in the program.
 There have already been conferences regarding the form any necessary additional legislation should take for the pur pose epug foreign competitors acting under the urgency which will bear upon them after the close of the European from practising in American markets against American facures such unfair methods American competitors not against another
 only legsat yivmg American manufacturers lair field their home markets is very probable but also press statutory that they have freedom to combine among themselves in order thai th may be equal foot ing with their foreign competitors in markets abroad
 It possible that the bill for government ownership of which did not succeed in the last Congress- will be Ieinroduced with notifications in form
 The federal system made possible for national banks of large capital organize foreign branches and in fact the National City Bank has branches in Latin America Banks ill the Middle Vest however, have been urging that the law should be amended to permit several institutions to cooperate in opening joint branches oad 1t very likely that the federal board itself will in January recOmend to Congress new legislation of this por At the time there may be other alterations
 e law regarding foreign branch banks such abrogaon of the requirement main bank set aside certain amount capital for each branch thus giving preudicia impression the back of each branch smaller than they in fact
 
 agricultural purposes it will be recalled have been repeatedly urged by the President and will undoubtedly be proposed bill upon which of both houses have been coabor ating.
 With the debates appropriation bills there will have to- go debates upon the from which to- be obtained The emergency taxes imposed in October of last year will be renewed although with changes and perhaps with some additions
 New taxes will have found only because of the increased scale of expenditure which contemplated but for the that in the last fiscal year were less than year before by $830000O and since July of this they have been less by OOO than in the correspond ing months of dsOrganzed commerce. which lmmed followed the outbreak of the in Europe In of these considerations it is not at all unlikely that Congress will the duty sugar. which, according to the present law, will end May l. and Congress may decide 1t IS advls able the income the that was torecasted when the law enacedthat is tO give elasticity and produc tveness b system by the simple expedent of changGg the rates In any event, long continues the port sugar extent usory in the revenues t1oduce upon heavy exportatons to European cou duties paid upon importation of sugar funded Consequently the real reliance upon increase may be the income tax.
 The Cummns will undoubtedly have early attention in order that be amended it will not extend beyond It's original purpose and its present incidental uncertain ties Railway mail pay will probably continue to arouse con roversy The postoce department will rentroduce the bill whict urged in the last Congress- and which severely criticis by the railroads.
 fhe subjects mentioned will to indicate the great likelihood that in the approaching session Congress will be extremely busy with many of direct interest to bus ness men, ti%tsaa8asaaS&sss zaEa
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