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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April 4, 1908

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