Norwich bulletin., 1917-10-15

agents of enemy companies do busi- | ness in the United States after Nov. 5. Enemy companies also may not l change the names they used at the | beginning of the war without special license.
 Transaction in Foreign Exchange. Secretary McAdoo is vested by the president with, and is expected to turn over to the federal reserve board, ''the executive administration of any inves- | tIgation, regulation, or prohibition of any transaction in foreign exchange, export or ear marking of gold or silver coin, or bullion or currency. transfers of credit in any form (other than credits relating solely to transactions to be executed wholly within the United States) and transfers of evt- dences of indebtedness or of the own ership of property between the United States and any foreign country or be- tween the residents of one or more n the United States" The reserve board already exercises virtual control over go1 dand silver exports.
 The vested authority Of the secre- mission of information to an enemy either to or from the United States will be exercised by the secret ser vice. The secretary may permit this transmission when he wishes.
 T further authorize the secretary of the treasury" states &the. president in lis order, ito grant 8 license under such terms and conditions as are not inconsistent with law or to withhold CT refuse the same to any enemy or ally of enemy insurance or re-insur- ance company doing business within the United ~ates through an agency shall make application within thirty days of October 6, 1917." (The date the act was approved.)
 The censorship board is entrusted
 
 ton by mail. cable, radio or other means of transmission passing between the United States and any foreign country from time to time specified by the president or carried by any touching at any port, place or terri tory of the United States and bound to or from any foreign country
 Far Reaching Provisions.
 Among the most important and far-reachfng of the provisions of the enemy act" said an official statement explaining the act, "are those which deal with the taking over by this gov ernment 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 per- son or corporation that is an enemy CT ally of enemy within the def1ni- tions of the act referred to above, ex- cept those licenses to continue doing man subjects and the subjects of her allies resident in the United States, Go not from the mere fact of their na- tionality, fall within these definitions. The act makes the duty of every con- cern within the United States, issuing shares of stock, within sixty days aft CT the approval of the act to report to the alien property custodian the names stockholders as are known to- be or reasonably believed to be enemies or allies of enemy and the amount of stock or shares owned by each
 "The act provides in addition, un- der severe penalties. that every per son nthe United States holding any property for an enemy or ally or en- erny,' or for any person whom he may have reasonable cause to believe to be an 'eTveny' or ally of enemy must report the fact to the alien property custodian within thirty days after the passage of the act. Also any per- son in the United States indebted in any way to an enemy or ally or en- emy' to a person whom he may have reasonable cause to believe to be an enemy or ally of enemy must make a similar report"
 May Require Transfer of Property.
 The alien property custodian may require a transfer to himself of any property held TOT or debt owed to enemy ally, and any person so holding any property or so owing any money, must transfer such property or pay such money to the custodian with his consent.
 Property or money transferred to the alien property custodian will be held until the end of the war and then dealt with as congress shall direct. All funds or ready money may be invest ed in Liberty Bonds and held in such form.
 The president has delegated to the attorney general the power to direct the payment of claims against prop erty in the hands of the custodian, up- on the consent f all persons interest ed.
 Definitions Explicit.
 The definition of an "enemy' or "al- ly of enemy" is explicit. Any person regardless of nationality, who resides within the territory of the Gernyan empire or the territory of any of its allies OF that occupied by their military forces is expressly made an enemy or ally of enemy" by the act Even citizens of the United States remsin-