San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-01-25

zion of new texts can mean no advan-
tagC, DuL ON the COHtrar! VIII result al
a tremendous tInauClal loss.
Inc real question, however, Is wheih-
CT the governor will sign these bills. Be
cause ., his attitude IN the matter, there
Is every indication lie will dIsapprOvc
them. and then the ..gEt Will be their
russagc over his vCtl. There IS some
doubt as to this being done ut the pres
ent Time.
May Regulate Motor Traffic.
Regulation ut motor transportation
mcluulmg freight and passenger traffic
upon the Texas highways, would be
placed urdcr the Jurisdiction OF the
.allruad commission, and such trans
portatIuu companies declared common
carriers. under a bill introduced IN the
nGuSe By Representative Fugler and
Others. Ihc blIl would give the railroad
commission the same authority to pre-
scribe rates and scneL as 1t now mas
over the railroa, OF Texas.
The bill provides that the railroad
commission shall have the power and
authority TO supervise and regulate the
public service rendered by every auto
transportation company operating over
the public highways IN TINS state; 10
fix lust. fair and reasonable rates, fares
and charges to be charged by such COM
panieS. The commission is also 10 pre-
scribe the routes over which such trans
portation companies are to operate
Such transportation companies ShaIt
also be- required to obtain fl, the com,
mission a certificate of convenience and
necessity showing there is need for
the operation Of such motor transpOrta-
ton concerns. The certificate shall also
designate the territory over which the
applicant is to operate. An annual fee
of $40 is to be paid by such company for
each motor vehicle employed in the
transportation business.
Banking Bills Favorable.
Rv vote of 81 TO % the House
passed finally the Carpenter-lrwin-Mel-
son bill providing for the separation OF
the department of insurance from that
of banking. The bill also creates the
office Of commissioner of insurance with
an annual salary of $4,000 year. The
biz originally contained a salary Of SlO,-
600.
Representative Irwin has also OBJ
tanned favorable committee reports on
several of his bank bills by House
committee on banks and banking ana
among those having received favorable
committee consideration, is one addins
two practical bankers TO membership
of the state banking board which Is
NOW composed of the commissioner OF
insurance and banking, the attorney
c,neral and the state treasurer; also lhe
bill fixing the minimum capital stock at
which a state bank may be chartered at
sd. 600: also the bill permitting state
hanks TO advertise the guaranty tund as
they see fit: also the bill which would
probibit district court from interfering
in the liquidation of state banks except
whore an Injunction i involved.
May Compromise on Oil Tax.
That The Legislature will not pass the
CoffeS of Wise bill 1rOposins a D per
cent gross production tax on OIL ana
not even a tax of 2l2 per cent, was IN.
Dictated by Representative lacKey OIL
Dewitt. chairman Of the House com
mittee on revenue and taxation, before
which this and other revenue measures
have been introduced Mr.. Lackey add,
ed that the independent producers VIII
NOT approve the enactment OF Dill pro,
viding such a heavy tax, IN TACT ne sara
il was shown at tie meeting oil the
committee considering the bill, that such
a heavy tax would drive most OF the IN
dependents out Of business, especially IN
the shallow oil fields.
A compromise may be reached on a