New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-15

executive Administrator OF any '"'''
tigauon. regulation or prohibition OIL
any transaction in foreign exchange
cxport or earmarkiuG Of gold or SILVER
coin. or bullion or currency, transfers
Of credit in any form lother than
credits relating solely to TRANSACTIONS
20 be executed wholly within tte Oh'''u
States and transfers Of evidences OF
Indebtedness or o. ownership Of prop
crtv between tho United states and any
foreign country or between the resi-
dents OF one or more foreign countries
hv any persons within the United
States" Tho Reserve Board already
exercises virtual control over gold and
silver exports.
The Secretary OF the Tressury's vest.
ed authority TO prevent Transmission OF
information TO an enemy. either 10 OF
from, the United States. will be ever
cised by the Secret Service. The Sec
rotary may permit this transmission
when he wishes.
81 further authorize the Secretary
az the Treasury says the ireSloen'
IN his order. go grant license under
such terms and conditions as are not
inconsistent with law, o. 10 withhold
or refuse the same. 90 any enemy or
ally o. enemy insuranc/or relrsui
ancc company doing business within
the United States, through an agency
OF branch Office or otherwise, which
shall make application within thirty
days Of October 6, 1917
The Censorship Board is intrus,ed
with the Censorship OF communication
by mail. cable. radio or other mctns
81 transmission passing between the
United States and any foreign country
from time 70 time specified by the
President. or carried by any vessel or
other means of transporting, touching
40 any port. place or territory OF the
United States and bound 10 or from
any foreign country.
Among the most important and lai-
reaching Of the provisions o. the enemy
act" says an official statement explain
ing the law. "ary those dealing with
The taking over nv this government of
the custody and control Of enemy
property within the United States.
The property affected by this pro
vision ia that which is located in the
United States ard belongs 10 any per
son or corporation that is an enemy or
ally Of enemy within the definitions OF
the act referred 20 above. except those
licensed 20 continue doing business m
the United States. German subjects and
the subjects OF her allies resident in
The United States do not, from the
mere fact Of their nationality fall
within these definitions. The act makes
10 the duty OF every concern within the
United States issuing shares Of stock
within sixty days after the approval OF
the act to report 70 the alien property
custodian the names Of such Of ITS OIL
fcers. directors and stockholders as are
known 70 be or reasonably believed to
be enemies or allies Of enemies and
the amount OF stock or shares owned by
each.
Must Report Trusteeship
"The act provides, in addition, under
severe penalties, that every person IN
the United States holding any property
for an enemy or ally of enemy or for
any person whom he may have reason.
able cause 10 believe 20 be an enemy
or ally Of enemy must report the TACT
8 the alien property custodian within
thirty DAYS after the passage Of the
act. So also any person IN the United
States indebted in any way 70 an
enemy or ally Of enemy or 20 per
son whom he may have reasonable
cause 10 believe 90 be an enemy or
ally Of enemy must make similar
report"
The alien property custodian may
require a transfer 10 himself of any
propertv held for or debt owed 70 an
enemy o. enemy ally, and any person
so holding any property or so owing
any money may transfer such properly
or pay such money TO the custodian
with his consent.
Property or money transferred 70 the
alien property custodian viii be held
until the END Of the war and then dealt
a. t,1 1frarf All fund
or ready money may be invested in
Liberty bonds and held in such form.
The President has delegated TO the
Attorney General the power 70 direct
the payment of claims against enemy
property in the hands Of the custodian,
upon the consent Of all persons inter-
ested.
The definition Of an enemy" or
"ally Of enemy" is explicit. Any per-
son, regardless Of nationality, who re-
sides within the territory Of the Ger
man Empire or the territory of any
OF its allies or that occupied by their
military forces is expressly made an
enemy" or "ally Of enemy" by the act
Even citizens Of the United States re-
naming within such territory are re-
A garded as enemies" or allies Of an
ID enemy"
VI An enemy" or "ally Of enemy" do
ing business within the United States
before November 3, may apply for a
license 90 continue 10 DO business in
the United States.
"The main application Of these pro-
visions" the official statement says
"wll be 10 German or ally-of- German
concerns which are doing business In
the United States through branch
houses or agents such as insurance oil
reinsurance companies. Such ar
enemy or ally of enemy may continue
70 do business within the United State.
until such applications are acted upon.
The license provisions Of the act dc
not apply 10 Germans Austrians, Turk:
or BulCarans doing business in tht
United States and having no bushes:
connections with interests actually
operating i'm Germany or her alice
countries Thus thousands Of alier
enemies having small business estab
lishments y the United States need not
apply for license 20 continue operation
unless they have dealings with com
panies having connections il. enemy OIL
ally-of- enemy territory. The act au
thorized the President TO declare al
these alien enemies subject TO license
regulations. but he has not eTtende
the provision 70 these persons by hi
order.