The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1917-10-15
TRADE NET
Tcon.inued From Page one.l

son, representing the Shipping Board;
and a representative of the Secretary
of the Treasury, yet to be named. All
but the Treasury representative now
are members of the Exports Admins
tratiye Board, whose work hereafter
will be done by the Bureau of Exports
of the War Trade Board.
The name of the present Exports
Council is changed to War Trade
Council. with the Secretary of the
Treasury and Chairman Hurley, Of the
Shipping Board, added to its member
ship, the Secretaries Of State, Agri-
culture and Commerce and the Food
Administrator This body will act in
an advisory capacity to the President
and the War Trade Board.
The Presidents order vests in the
War Trade Board power to license
trade indirectly or indirectly with, to
or from or for, or on account OF, or
on behalf OF, or for the benefit Of, any
ether person, with the knowledge or
reasonable cause to believe that such
other person is an enemy or ally Of
enemy, or is conducting or taking
part in such trade directly or indirect
~ for, or on account of, or on behalf
of, or for the benefit Of, an enemy
or ally of enemy"
Boards Consent Essential
Only with consent Of the board may
agents of enemy companies do bust
ness in the United States after No
vember 5. Enemy companies also may
not change the names they used at
the beginning of the war without spe-
cial license.
Secretary McAdoo is vested By the
president with and is expected TO turn
over to the Federal Reserve Board
the executive administration Of any
investigation, regulation or prohibit
tion of any transaction in foreign eX-
change, export or earmarking of gold
OF silver coin, or bullion or currency,
transfers Of credit in any form (other
than credits relating solely to trans
actions to be executed whilly within
the United Statesl and transfers of
evidences Of Indebtedness or Of the
ownership Of property between the
United States and any foreign coun-
try or between the residents Of one or
more foreign countries, by any per-
son within the United States" The
Reserve Board already exercises vir.
tual contro, over gold and silver ex-
ports
The Secretary of the Treasury's
vested authority to prevent transmits
sion of information to an enemy eth
er to or from the Secret Service. will
be exercised by the Secret Service.
The Secretary may grant permit of
this transmission when he wishes.
q further authorize the Secretary
of the Treasury" says the president
u, To- 70 ut
such terms and conditions as are not
inconsistent with law or to withhtld
or refuse the same to any enemy or
ally OF enemy insurance or reinsur-
ance compeny doing business within
the United States through an agency
or branch office or otherwise, which
shall make application within 80 days
CT October 6, 1917" (The date of the
act was approved.)
Duties Of Censorship Board
The Censorship Board is entrusted
with the censorship Of communities.
ton by mail, cable. radio, or other
means Of transmission passing be-
tween the United States and any for.
eign country from time to time spe-
cited by the president, or carried by
any vessel, or other means OF trans
portation touching at any port. place
or territory Of the United States, and
bound to or from any foreign coun-
try"
Among the most important and
far-reaching of the provisions of the
enemy act" says an official statement
explaining the law. ARE those dealing
with the taking over by this govern
ment of the custody and control of
enemy property within the United
States.
THE property affected by these pro
visions is that which is located in the
United States and belongs to any
person or corporation that is an en-
envy or ally of enemy within the def
nitions Of the act referred to above.
except those licensed to continue do