ITEMS OF INTEREST March 30, 1912 Issue

ITEMS OF INTEREST

After months spent in investigating the United States Steel Corporation, the Stanley Congress committee has ended its hearings and will report about May I, recommending far-reaching legislation. It will also recommend, it is stated, that laws be enacted prohibiting interlocking boards of corporate directors; separation of industrial corporations and interstate transportation facilities, by control of which the steel corporation is able to control rates on practically all shipments of ores; restriction of ownership of minerals, coal and other natural resources of industrial plants, and the overcapitalization of great industrial corporations.

The plan of a yard dormitory at Harvard University has been abandoned, at the prospect of a series of buildings to be located on the Charles river and which will house the entire freshman classes. The plans, it is understood, call for accommodations for at least five hundred students. In this manner it is expected that men of different financial standing will be thrown together early in their college careers, and democracy among the classes fostered to an extent hitherto unknown. It is hoped to have the buildings completed by next September.

About one thousand corporations have been or will be haled into court as delinquents in the payment of the corporation tax last year. There was a total of thirty thousand delinquent corporations at the close of the last fiscal year. Of these twenty-nine thousand have proposed compromises. The government has accepted twenty-seven thousand of the offers for settlement. The remaining two thousand have been rejected, but there are good prospects, it is said, of agreements without court procedure.

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