The daily commonwealth. (Greenwood, Leflore Co., Miss.) 1916-1919, 1916-09-08

fishing Farm Loan Board in contro
of system Of. Farm Loan Mortgag'
Banks. -
WORKMEN'S COMPENSATION
Law: Providing uniform sick and &C
cident benefits for employees Of tn,
Federal Government, and benefits t,
dependents in case of death. :
EMERGENCY REVENUE LAW
Providing for doubling the normal in
come tax on the lowest class; making
an additional surtax ranging from one
per cent. on that portion Of incomes
exceeding $4,000 to 13 per cent. or
amount Of incomes in excess Of 81. 2.OO0,.
600; levying graduated tax of one t.
ten per cent. on inheritances ranging
from 5000 to $4,000, 900; q ten pei
cent. net profit tax on msnufseturers
Of munitions, five per cent. net profit
tax on manufacturers,of materials en-.
tering into munitions; . license tax on
actually invested capital stock Of cor.
porations capitalized at more than $685..
600; wine, beer and liquor excise
taxes and miscellaneous stamp taxes.
GOOD ROADS Law: Providing for
cooperative Federal aid to the States
for construction Of Highways, and an.
propriating SIS, 600, 200 to be spent in
five years.
POSTAL SAVINGS Law: Amend
ment increasing the amount which In
dividuals may deposit from $500 to ST.
600 with interest and On additional $1,.
600 without interest.
FEDERAL RESERVE: Amendments
including amendment to the Clayton
antitrust law permitting officers and
directors Of member banks to become
officers and directop Of not moee than
two other .pon-eompsttng bsnks; also
amendments psrmitsins !ase l6asis banks
70 sssabiish foreign bfsnsliss. libsralis-
ing regulations for discounting com
mercisl paper and psrmittibg member
banks in towns Of 5000 or'lsss populs-
ton to act u agents for insur snce
companies. .y 80
RAILROAD LEGISLATION: Crea-
ton Of Joint sub committee of Senate
and House interstate commerce com.
mittees to investigate necessity for
further legislation for railroads and the
Interstate Commerce Commission, ques-
ton Of government ownership Of pub.
lie utilities and comparative worth Of
government ownership a. against gov
ernment regulation. t
TARIFF: Creation Of q non partisan
Tariff Commission of five members to
investigate and advise Congress on
tariff revision: repeal Of free sugar
provision Of existing tariff laws; amend
ments increasing duties on dyeAtuffs
to encourage manufacturing In the
United States; enactment Of IN anti
dumping provision to prevent dumping
Of foreign made goods At less than for
eign market prices; authorization for
the President to retaliste against for
eign nations prohibiting importation of
goods from the United States by lay.
ing an embargo against imports from
offending nations.
, COTTUN FUTURES ACT: Provid-
ing q prohibitive tax on cotton sold for
delivery in fictitious or wash sales.
PHILIPPINES:' Law to provide for
more autonomous government of the
islands. enlarging self government, re-
organising election laws, establishing
an elective Senate and promising inde-
pendence whenever, In the judgment Of
the United States, the Philippine pso-
pie dsmonatrate cspsbihty for it.
S.HOUR DAY LAW: Estab.
fishing eight.nours % the standard for
reckoning tho cQHpelnsatipn Of railroad
employers operating trsins In interstate
commerce s1tsr January /, 1917, and
providing for q commission Of three to
investigats the effects Of the eight;
hour standard, prsssrt wages not ~ BE-
reduced during the lnttstigation, NOR
for thirty days thereafter, and work IN
excess of''eight-houfs TO abs atfa
pro.rats rate.