Items of Interest February 12, 1903 Issue

Items of Interest

The Elkins Bill amending the Inter-State Commerce laws on the points of rebates and discriminations by common carriers has been adopted by the Senate without debate. Senator Hoar's bill, carrying out the Administration's suggestions for the expedition of anti-trust cases in the courts, has been passed by the Senate and House. The Senate has also put in the Department of Commerce Bill its approval of the Bureau for Corporations and the provisions for publicity as to affairs of trusts.

A number of bills have been introduced into the Legislatures of both Massachusetts and Connecticut to regulate the speed of automobiles and define their privileges. The Connecticut bills are especially drastic. In Rhode Island the speed is limited to the "common traveling pace," which the courts have decided is about seven miles per hour. Maine is also legislating on the subject.

The Fowler Currency Bill came up for consideration in the House last week. This bill permits National Banks to issue credit currency notes equal to twenty–five per cent of their capital, the notes to be taxed at a half per cent per annum and to be safeguarded by a guaranty fund of five per cent of the notes outstanding.

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February 12, 1903
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