Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1917-11-03
TRADING WITH
ENEMY Law Is
NOW ENFORCED
lWHE
Judge J.. i Banks Holds Hack.
field & Co. Does Not Come
Within Regulations

Judge J. j. Banks, assistant u. -
attorney, who has made an exhaustive
Istudy of the new trading with. the en-,
enly act, holds that it is not going to
affect the firm Of H. Hackfeld & Co,
forEthe reason that it is a corporation
incorporated under the laws OF the
! territory of Hawaii. 1t would be at
fected, he says, were it partnership.
1 Alien enemies holding stock in H.
| Hackfeld & Co, and who are now re,
siding in Germany, the only country
| with which the United States Is at
war, will have their local interests
taken over by an agent of the federal
| government, who will collect all mon
les and retain them until the termina,
| ton of the war. -. ,>.,.,.s
| The new law puts strict ban on
trading with the enemy and controls
every phase. of u. S. commerce with
the world. i. .~.......
/ 1t is not necessary for German sub.
jects and subjects of Gernany's allies
to apply for licenses to do business
within the united States. This pro-
vision applies only to the branches OF
firms and the agents Of persons who
are in Germany or her allied coun,
1 tries = 49,. r r.. .... :, -
Once licenses have been granted
with these firms business may be
done lawfully within the United
States, but they cannot transmit with
out the United States any money or
/ the basis of any credit for the benefit
of their German home principals.
In addition to the war trade board
the President creates war trade
council consisting of the secretaries
of state, treasury, agriculture and
commerce, the food administrator and
the chairman of the shipping board,
| This council will act as an adviser to
| the board, and to it will be referred
questions by the President or by the
! board. ~ r. =:
The provisions of the law with re.
gard to the custodian Of enemy prop
erty are among the most important in
the legislation Under them all prop
erty of an enemy, an ally of an en-
envy, property held for the benefit Of
either, or property suspected to belong
or to be for the benefit of either must
be reported to the, custodian within
thirty days.
Germans resident in the United
States need not make these reports.
The requirement applies to those de.
fined as enemies" or allies of the
enemy only. :...*.
Corporations Affected 49,. 4 IL
All stock corporations in the United
States must within sixty days Of the
passage of the act report ali stock.
holders who are or whom it SUSPECTS
to be enemies or allies of the enemy.
and the amount of stock held by
each. ~. >a-" -.
Severe penalties are provided for all
persons who fail to report property
held for or Indebtedness owed e. enc
mics or allies Of tine enemy. r.
The alien property custodian may
in his discretion require all enemy
property to be transferred to him
to be held for the term of the war.
He administers such property in a
fiduciary capacity. He may invest all
money so transferred in Liberty
Bonds. At the end of the war this
money and property will be disposed
of as congress determines. The at.
torney general will supervise the pay.
ment of all claims against property
tfns held ........ Il