Omaha daily bee., 1916-09-09

ceive prorata pay tor work IN excess
of eight hours pending an inyestiga-
ton BY special commission into the
effect of the eight-hour day on rail
road revenues.
Important Laws Passed.
Most important Legislative enact
ment of the session, exclusive Of laws
for national defense, included the fol-
lowing: ,..z
Government Ship Law, Appro-
priating $50,000,000 to operate ships
in foreign and coastwise trade when
unable to lease them to individuals or
private corporations.
Child Labor Law: Denying Inter
state commerce to products OF mines
and quarries employing children un-
der Is years of age and factories,
mills, canneries and other establish
ments employing children under "a
years.
Rural Credit Law: Establishing
farm loan board in control OF a sys-
TEN of farm loan mortgage banks.
Workmen's Compensation Law:
Providing uniform sick and accident
benefits for employees of the federal
government, and benefits to depend
ents in case of death.
Emergency Revenue Law: Provid-
ing for doubling the normal income
tax on the lowest class; making addi-
tional surtax ranging from per cent
on that portion Of incomes exceeding
$4,000 TO 10 per cent on amount of
incomes in excess of $1,000, 600; levy
ing graduated tax on to 10 per
cent on inheritances ranging from
$4,000 to $5,000,000; 10 per cent
net profit tax on manufacturers OF
munitions, 5 per cent net profit tax
on manufacturers of materials enter
ing into munitions; a license tax on
actually invested capital stock of
corporations capitalized at more than
100000; wine, beer and liquor excise
taxes and miscellaneous stamp taxes.
Good Roads Law: Providing for CO.
operative federal aid to the states for
construction of highways, and appro-
priating $75,000,0O0 to be spent in five
years.
Postal Savings Law: Amendment
increasing the amount which in
dividuals may deposit from $500 to
ST 900 with interest and an additional
ST 900 without interest.
Federal Reserve: Amendments, in
Guiding amendment to the Clayton
antitrust law permitting officers and
directors Of member banks to become
officers and directors of not more
than two other non-competing banks;
amendments permitting national
banks to establish foreign branches,
liberalizing regulations for discount
ing commercial paper and permitting
members banks in. towns of 5000 or
less population to act as agents for
insurance companies.
Railroad Legislation: Creation Of
Joint subcommittee of senate and
house Interstate Commerce commit
tees to investigate necessity for fur
Their legislation for railroads and the
Interstate Commerce commission,
question of government ownership OF
public utilities and comparative worth
Of government ownership as against
government regulation.
Railroad Eight-Hour Day Law
Establishing eiglrhhours as the stand.
ard for reckoning the compensation OF
railroad employees operating trains in
interstate commerce after january 4,
1917, and providing for a commission
of three to investigate the effects of
the eight-hour standard present
wages not to be. reduced during the
investigation, nor be reduced during
the investigation, nor for thirty days
thereafter, and work in excess Of eight
hours to be paid for at prorata rate.
Tariff: Creation of a nonpartisan
tariff commission Of five members 70
investigate and advise congress on
tariff revision; repeal of the free
sugar provision Of existing tariff law;
amendments increasing duties on dye
stuffs to encourage manufacturing
dyestuffs in the United States; enact
ment OF an anti-dumping provision to
prevent dumping Of foreign made