Roanoke Rapids herald. [volume] (Roanoke Rapids, N.C.) 1914-192?, 1917-10-19
GREAT POWER GIVEN
WAR TRADE BOARD

over to the federal reserve board 9TH
executive administration OF any In
vestigation, regulation or prohibition
OF any transaction in foreign exchange
export or earmarking OF gold or sil
YER coin. or bullion or currency trans
fers OF credit in any form other thar
credits relating solely to transaction
to be executed wholly With thu
United States) and transfer OF eyi
dence OF indebtedness or Of ownership
of property between the United States
and any foreign country, or between
the residents fone or more foreigI
countries, by any person with the
United States" The reserve board al
ready exercises virtual control ovel
gold and silver exports.
The secretary of the treasury's vest
ed authority to prevent transmission OF
information to any enemy either TO or
from the United States will be exer-
cised by the secret service The sec
etary may permit this transmission
when he wishes
Enemy insurance Companies.
Il further authorize the secretary OF
the treasury" says the president In
his order TO grant a license under
such terms and conditions as are not
inconsistent with law or to withhold
or refuse the same to any enemy or
ally OF enemy insurance or reinsur
ance company doing business within
the United States through an agency
or branch Office or otherwise, which
shall make application within 30 days
of October g. 1911" THE date the
act was apppoyed),
The censorship board is entrusted
with the censorship OF communities
tons or mail orders. racl0 or other
means Of transmission passing be-
tween the United States and any for
eign country from time to time speci-
fed by the president, or carried By any
vessel. or other means OF trapsporta'
ion touching at any port, place or ter
-itory Of the United States and bound
o or from any foreign country
Among the most important and far
'eaching OF the pensions of the enc
ny act" says an official statement ex.
planning the law, are those dealing
With the taking over by this govern
nent Of the custody and control OF
enemy property within the United
states,
Enemy Property In America.
"The poperty affected by these pro
isions is that which is located in the
Inited States ard belonging to any
erson or corporation that Is an
,nemy or ally of enemy within the
efnitions OF the act, referred to
bove, except those licensed to con
niue doing business in the United
tates. German subjects and the sub
,cts of her allies resident in the Uni
ID States do not from the mere fact
I their nationality, fall within these
efnitions.
1.-THE act makes II the duty of every
Dncern within the United States issu
lg shares of stock, within 60 days af'
,r the approval OF the act. 70 report
, the alien property custodian the
ames OF such OF its officers. directors
nd stockholders as are known to be {
r reasonably believed 10 be enemies +
r ally OF enemy and the amount Of
ock or shares owned by each.
THE act provides in addition under
we're penalties that every person in
lie United States holding any property
h enemy or ally Of enemy or for
~ person who he may have reason
BILE ceuse to believe to be an enemy
r ally Of enemy must report the fact
the alien property custodian within
J days after the passage OF the act,
o also. any person IN the United
tates indebted in any way to an en-
my or ally of enemy or to a per
On whom he may have reasonable
luse to believe to be an enemy or
lily OF enemy must make a similar
eport
May Take over Property.
The alien property custodian may
,uuire a transfer to himself Of any
held for or debt owed to an
lemy or enemy ally and any person
, holding any property, or so owing
ny money, may transfer such prop
-ty or pay such money to the custo'
AN with his consent.
Property or money transferred 10
le alien property custodian will be
ED until the end Of the war and then
ealt with as congress shall direct. All
nds or ready money may be invested
Liberty bonds and held in such
rm.
The definition OF an enemy" or
lily of enemy" Is explicit. ANY per-
IN, regardless of nationality, who re-
des within the territory OF the Ger
an empire or the territory of any OF
5 allies or that occupied by their NIL
airy forces Is expressly made an
or ALLY of enemy" by the
It. Even citizens of the United
tates remaining in such territory are
,garded as enemies" or "allies of an
,emy"
Control Of Corporations.
Any person doing business within
UGH territory is placed within the
ehnition of enemy pr "ally OF
nemy." So also, is any corporation
-eated by Germany or Its allies, or by
ny other nation than the United
/. ~. ..,A