ITEMS OF INTEREST April 4, 1908 Issue

ITEMS OF INTEREST

President Roosevelt, in his message sent to Congress on March 25, deals among other matters with child labor, employers' liability law, modification of the injunction law, amendment to the anti-trust law to permit traffic agreements between railroads, Federal representation on receiverships; changes in the anti-trust law to permit proper and necessary combinations of business men, farmers, or laborers; recognition of the right of employers and employes to combine and contract with one another or with their employes or employers; legalizing of peaceable strikes for the purpose of securing satisfactory wages, but the illegality of violence, disorder, or coercion by the blacklist or boycott; early revision of the traiff, a permanent waterways commission, waterpower rights on navigable rivers.

A proposal to levy a "three-mill tax" on intangible personal property is before the Massachusetts Legislative Committee on Taxation. A similar tax has obtained in Maryland for a number of years. Just before the three-mill tax law was adopted in Maryland the value of taxable securities on the assessors' books in Baltimore was $6,000,000, yielding $120,000 in taxes; the first year of the new law there was registered $555,000,000 of securities, paying $165,000 in taxes; in 1907, ten years later, the books contained $150,000,000 of securities and $450,000 were paid in taxes.

Mount Marcy and its surrounding peaks are included in a purchase of a tract of thirty-five hundred acres of land in the Adirondacks which the State Forest Preserve Board has just secured for the State Park at a cost of twenty-eight thousand dollars. The tract is heavily timbered and the lumber would soon have been cut off for pulp.

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