The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-09-09
IMPORTANT MEASURES

the effect of the eight-hour day on rail-
road revenues.
| IMPORTANT MEASURES
| Most important legislative enactments
of the session. exclusive of laws for ma
tional defense, included the following:
| Government ship law: Appropriating
$50, 100000 to operate ships in foreign and
| coastwise trade when unable to lease
them to individuals or private corpora
tions.
| Child labor law: Denying interstate
commerce to products of mines and quar-
| ries employing children under 16 years
| of age and factories, mills. canneries and
other establishments employing children
| under IA years.
| Railroad eight-hour day law: Establish
ing eight hours as the standard for reck-
oning the compensation of railroad en-
ployes operating trains in interstate
commerce after January 1, 1917, and pro-
viding for a commission of three to in
vestigate the effects of the eight-hou
standard, present wages not to be reduced
during the investigation nor for 30 days
| thereafter, and work in excess of eight
hours to be paid for at pro rata rate:
Rural credits law: Establishing a
! farm loan board in control of a sys-
tenn OF farm loan mortgage banks.
Workmen's compensation law: Pro-
| yiding uniform sick and accident ben
efits for employees OF the federal gov
eminent, and benefits to dependents in
| case of death.
Emergency revenue law: Providing
Tor doubling the normal income tax on
the lowest class; making an additional
surtax ranging from per cent on that
portion of incomes exceeding $4,000
to IL per cent on amount of incomes
| In excess of 100000; levying a gradu-
ated tax of 1 to 10 per cent on inheri-
tances ranging from $4,000 to $5,0OO.-
| 900; 10 per cent net profit tax on
manufacturers of munitions per cent
net profit tax on manufacturers of
materials entering into munitions; a
license tax on actually invested CAP
| ital stock of corporations capitalized
at more than $4,000; 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-
pr1ating $75,000,000 to be spent in five
years.
Postal savings law: Amendment in
creasing the amount which individuals
may deposit from $500 to $1,000 with
| interest and an additional $1,000 with
out 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 noncompeting banks; amend
| ments permitting national banks to
establish foreign branches, liberalizing
regulations for discounting commercial
paper and permitting member banks in
| towns of 5000 or less population to act
as agents for insurance companies.
Railroad legislation: Creation of a
n m NJ 70
House interstate commerce committees
| to investigate necessity for further leg
| islation for railroads and the inter-
| state commerce commission; question
of government ownership of public
utilities and comparative worth OF
government ownership as against gov
eminent regulation.
l. tariff commission of five members to
| investigate and advise Congress on tar
| iff 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 goods
! at less than foreign market prices;
| authorization for the President to re-
| taliate against foreign nations prohib-
! iting Importation of goods from the
i United States by laying an embargo
against imports from offending ma
TONS
Cotton futures act: Providing a pro-
hibitive tax on cotton sold for future
delivery in fictitious or wash sales
Philippines: Law to provide for
more autonomous government of the
islands, charging self-government, re-
organizing election laws, establishing
an elective Senate and promising indie
pendence whenever, in the Judgment
of the United States. the Philippine
people demonstrate capability for It,