The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1880-02-01
nasAay. Feerear5 .. ln1o.


Com niitse ON Mtsing.i ahe5 lif(nis
L@Hisl-ture. and II $50 ~ bore.
ported fAvorably, With, perhaps, some
fe~ amendments:
"SEorIcN /. All purchase and sale
Of shares in any Incorporated company,
under the Laws Of this or any other State,
In any stock boarl. miuinR exchange
or auction rSaltin this S,a'e. is hereby
prohibited. other than in manner herein
prescribed; and every violation Of thi,
ActiS decfafedto ozaf.iony, e1eeP: \.
hereinafter prescribed. and upon con.
N~ieiion. in any conrt Of competent juris
d,ciion. shall subject the offender to q
fine Of not less thar N thousand de-.
lars nor moro than ten thousand dollars
aud imprisonment in the State Prison
not less thun xix montbs. nor more
than twelve mouths. at the discretion
Of the Cont.
SIC. 2. Allsham or wash sales, and
oil sales where there is no money, or
where there is less than q full money
consideration paid. accompanied by a
surrender Of the stock or shares bought
aud sold. are hereby prohibited.
SEc. 3. 1t is hereby made incum-
bent upon Nil stockholders to furnish
their customers within Ftweuty-four
hours, Sundays and legal holidays only
cx.ani.I .E,ar .s ~ F
purchase. n written or printed lie. of
abe stock or shores sold or purchased
for such customer, specifying the ses.
sion OF The stock board at which sale or
purchase was male. stating the true
purchase or sale price. and also the
number VI the certificate Of stock sold
or purchased. O..
SEC 4. Brokers IRE hereby pro-
hibited from using. loaning, hypoihe-
eating or selling amy stock on hand he.
lonSingin whole or in part to q custom
er; hut they shall hold all stock that
may come into their hands, belonging in
nrt or in whole to their customers in.
.'%i"'ni", aud shall ut any time, upon, de-
mand. and upon payment Of NIL arreara
gea upon the deliver mp tn. idrn-
teal stick purchased for him. and none
other.
SIC. 5. The secretary OF clerk OF
every stock board. stock exchange aud
auction mart SD al keep a correct list Of
all Si"ck transactions IN his board, ex-
change or mart, showing the names OF
t'Gc seller and purch isrr. the number
al ~sLirrs, aud tho price vt which the
same was sold and Iur,hased; AMI this
r ec.l so kept shall be open to ipspec-
ton during usual business hours 10 any
and every person having stock bought
or sold in such board, exchange or mart.
Aud it is hereby made the imperative
duty Of such secretary or clerk to fur.
bish to such customer or customers,
upon demand and upon payment Of the
no:ary's fee therefor. n sworn statement
Of The transactions of amy session or
sessions Of said board, exchange or
mart; and upon failure to furnish
such sworn statement, such secretary
or clerk shall be guilty Of IA misdemenn.
"r. and upon conviction shall be sub
j"tt to n fine Of not less than 500 nor
more than $1,000. aud shall be impris.
oned until such fine is paid or satisfied.
SIC. r. Oue-half of all fines COL
lected, under the provisions Of this Act,
shall be paid to the party aggrieved, and
the balance shall be paid into the
treasury to the credit OF the common
school fund Of the State. 5-saiFr7 -
SIC. z AL Acts and parts Of Acts
in eontrayeniion Of the provisions Of
this Act are hereby repealed. .al .nrs.
sEc. 4. This Act shall tnko effect
ami be in force thirty days after its
passage" Ea,ff iHHia saf.l 90
III" reforms proposed by The bill, are
just. beyond n doubt. but are probabI,
tooswccping 10 be ucctpted nj one dose
by a majority Of the peoples Represent
ntivcs. Any law. however. that can
practically protect the outsider to even
T!imited extent. from the ~swindIips
schemes OF the insija dealers, wouli be
an improvement on tho present style Of
traEsactiug business in mining apd
mining stocks. Any process by which
The simple gndgeou might be tnrbl-l
~ derclop a dorsal fiD, ~ IL were. by
Which 10 ~irithte aud lacerate the, throat
Of the shark into whose ropacious nav
the passage now--to tile shark-is SO
'mooth mud pleasant, should DO cheer
IA y adopted, IL for no other reason
Hian to teach tho vorncious monsters
the moral lesson that a regular diet Of
uncommibgled sweetness. in couom
OF physics. clogs tho appetite. Tho idcn
~ofreducing stock or any other gambling
20 the moral standard Of the Yonny
Mems Christian Association: or even
eliminating tbs baser elements which
underly and constitute the Foundation
Of the superstruciure. ispurely Utopiau
for II can never be realized -
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