New-York tribune., 1919-05-23
Two Out of Every Five
Bills So Far Introduced
Aim to Benefit the Ma.
tion's Industrial Situation
Quick Action Promised
Repeal of Onerous Taxes
One of the First Duties
To Be Disposed OF
NeW York Tribune
tEn.sjlin0fOn Burenu

WASHINGTON Bureau
WASHINGTON, May 22.-The Sixty
sixth Congress will give more attention
to fostering American industry and ex-
tending American trade than any pre-
vlous Congress in the nations history
This was made evident to-day when
it was found that two out Of every five
bills introduced so far this session are
designed to deal with industrial prob
lens. The reduction Of taxes that are
burdensome to industry and the re-
vision of the Sherman antitrust laws
will be among, the first tasks under
taken when the House and Senate get
down to regular business.
The first measure for the liberaliza-
tion of the anti trust laws was intro
duced in the House this afternoon by
Representative Walsh, of Massachu-
setts. 1t would permit director of
corporation other than banks, trust
companies and common carriers to be
come a director in not more than two
other corporations.
Immediate repeal Of the semi-iuxury
and soft drink taxes was assured to-
day, when the Ways and Means Com
mtteo of the House decided to take
up the various bills introduced for
this purpose at once.
Representative Moore, of Pennsyl-
vania, and Longworth, of Ohio, who
are pressing for this legislation, we're
assured that their resolutions to re-
peal the taxes would be favorably re-
ported next week.
A new bill designed to build up
American trade with South America
was introduced to-day by Representa-
tive Edmonds, of Pennsylvania. 1t
the establishment of mail
steamship lines between Boston, New
York and gulf ports and South Amer
ica by the shipping board The ship
ping board may operate such lines or
may charter them to private operators.
Net profits up to 80 per cent would
be divided between the government
and the operating company. All prof
its over 80 per cent would go TO the
government.
Cheaper Oil Is Sought
Half dozen bills designed to make
available cheaper oil and other raw
through opening up restrict
ed parts of the public domain to de-
velopment have been introduced, and
1t was indicated to-day that water
power legislation aimed to secure
cheaper power for American manu-
lecturers will be enacted before the
close of the present Congress.
Mr.. Esch, in his capacity as chair
man Of the Commerce Committee, an
nounced that $1,000, 100000 must be ap-
propriated early this session to make
good the railroad deficit.
AS means of safeguarding Ameri |
can investors against wildcat schemes.
Representative Taylor, of Colorado, Of /
Tered IN the House Federal stock
publicity act" requiring all corpora
tons issuing stock for public sale to
furnish the Secretary of the Treasury
with full information.
A"~"oNAC PI ISSGuIcQ TO-DAY DN b
Representative Wilson, of Louisiana
would authorize Federal land banks to
make loans at per cent to honorably |
discharged soldiers and sailors to en-
able them to engage in agricultural
pursuits.
Government Paper Mill
An appropriation of $1,00O,OOo for
he construction Of government paper
mill was proposed in bill by Repre-
sentative Raker, of California.
Chairman D. Fels, of the Committee
IN Education, announced that his COM
nlttee would begin consideration next
week of plan for the Federal rehahili-
alton of war cripples.
Quick action on the Presidents sug-
sestion that high tariffs be levied for
he protection Of the dye and related
chemical industries was indicated to-
lay