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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Feb 26, 1912
Page
3
Rain is expected late in the week as a storm forms in the west and tracks toward the midwest and Ohio valley. Frost tonight followed by rising temperatures tomorrow. The southwest storm system and low pressure bring cool, unsettled air across the region in the near term.
The secretary of state's department has sent blanks to twelve thousand domestic and foreign corporations required to report their financial condition by March 12 1912. Presidents or officers must swornly state authorized capital stock issued and outstanding and surplus and undivided profits as of March 1. The franchise tax rate is 50 cents per 1000 for up to a million dollars, 25 cents per 1000 for excess.
The 1911 Philippine commission reports unprecedented prosperity due to free trade with the United States. US exports to the Philippines exceed 49.8 million dollars, sugar and tobacco revenues rise, and copra outlook improves. New railways spur industry, postal savings banks grow, depositors rise 171 percent, and health conditions improve nationwide.
Senator Cummins introduces a bill to greatly expand anti trust powers by creating a trades commission merging the current corporations bureau. It would apply to corporations capitalized at 5 million dollars or more, allow enjoining violations, and exclude large controlled firms and banks from participation.
Certificates of authority to do business in Texas issued by the department of insurance and banking to American Surety Company New York Great Eastern Casualty Company New York Alliance Insurance Company Philadelphia Milwaukee Mechanics Insurance Company Milwaukee and National Live Stock Insurance Company Minneapolis Minn The Millers Mutual Fire Insurance Company of Fort Worth deposits 3400 in additional security for policyholder protection with the state treasury.
During the week the State Board of Health vital statistics Anti Tuberculosis association and the proposed state laboratory will merge into the same quarters. Dr A B Conley assigned four large third floor rooms in the Capitol for the State Health Officer Steiner and the Tuberculosis commission. Steiner says consolidation will speed up work.
The Atlantic fleet surgeon reports on new sailors showing a young average age with many under 25 and many under 20 among ordinary seamen. He urges stricter selection due to signs of physical and mental deterioration, undersized physiques, and doubts about endurance in emergencies.
Governor Colquitt expresses gratitude to President Taft for sending federal troops to El Paso to guard Texans from Mexican gunfire. He telegrams praise the neutral zone demand and notice that American troops may cross the border if firing continues, pledging Texas approval and support.
The Young Men's Business league meets at 5 PM to decide if it should still pursue taking over the International fair amid a $5000 deficit. Directors favor discontinuing efforts as bond pledges falter after New York Traction’s limit on bonds.
El Campo Texas discusses diversification led by the Commercial Club secretary. A government agricultural expert will visit to advise farmers. C A Dahlgren plans to move a Mississippi peanut mill to town. Ed Imingre and Wayne Magill announce campaigns for sheriff amid race changes.
Taylor Texas February 26 John D Hughes of Georgetown announces candidacy for Williamson County representative to the next legislature as successor of W S Brook in the wake of recent party deliberations and local political activity.
Delegates of merchants from Kentucky Alabama Mississippi Georgia Florida Arkansas and Tennessee gather in Nashville for a three day convention to register opposition to the parcels post. The Southern Merchants Association holds its second annual meeting with welcomes and committee appointments on the opening afternoon.
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