Perth Amboy evening news., 1921-05-05
MANUFACTURERS CONFER
WITH APPLEBY ON TARIFF
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which threatens to destroy it's in
dustry unless additional protection
is given; and +. J.. Stone, president
of the Carborundum Company of
Perth Amboy, which company is
DESTROYS of having the materials
which it uses kept on the free list,
were among the prominent manu-
facturers represented.
At the request of Senator Edge,
Congressman Appleby has intro
duced in the House a bill similar to
the one introduced by Senator Edge
in the Senate, amending the federal
reserve act. This bill has the ap-
prevail of the federal reserve board
and provides in cases of corpora
tons having a larger subscribed
capital than 81 0O,0 900, that when
ever this amount of the capital stock
is paid in, the remainder of the cor
poration's capital stock or any I'M
paid part of such remainder may,
with the consent of the federal re-
serve board, be paid in upon call
from the board CT directors. There
is q proviso in the bill, however,
that the unpaid subscriptions u
be included in the maximum of ten
per cent of the national banks cap
ital and surplus which a national
bank is permitted under the provi-
sions of the act to hold in stock of
corporations engaged in business of
the kind described in sections 25
and rs (a) of the federal reserve
act. The bill has been re-
ferred to the committee on banking
and currency, of which MI. Appleby
is a member and it is his intention
to secure an immediate favorable
report on the same If at all posi-
BILE.
On Tuesday Congressman Appleby
introduced a bill granting pensions
to certain members of the former
~life-saving service. A similar bill
has been introduced in the senate
by Senator Frelinghuysen. The
House bill has been referred to the
committee on interstate and foreign
commerce, and hearings have al
ready been set for an early date. Mr..
Appleby anticipates favorable action
the committee on the bill, and
it's ultimate passage by the House.
Tuesday night of this week Sena-
tor Frelinghuysen gave a dinner to
the Republican members of the New
Jersey delegation in congress at his
home on Sixteenth street. The
guests included the junior senator
from New Jersey, land Hamilton
Kean, the National Republican ex-
ecutive committeeman for the state.
Many problems, both legislative and
political, were discussed at this get
together dinner. Following the din
ner Congressman and Mrs. Appleby
attended the reception given by the
| Speaker of the House and Mrs. Gill
lett at the New Willard Hotel.
C. S. Atkinson, secretary Of the
| Board of Trade of New Brunswick,
has been spending several days in
Washington in the interest of this
body. Among other matters which
he took UP with the congressman
were the project for the deepening
of the Raritan river, now being con-
sidered by the corps of engineers of
! the war department.: and the secur-
ing of speakers of national promi-
| nence for the next annual banquet
of the board.
Mrs. Christian kuhlthau and Mrs.
S. K. Silver, of Midtown, delegates to
the Mothers Congress and Parent
| Teacher Association in session in
Washington last week; Z. L. Lewis
of Allenhurst, and H.. w. Jeffrey, of
Pl~ainsboro, were recent callers at
Mr.. Appleby's Office at the capitol.