The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1888-12-13
No. 145.-AN ACT TO SUPPRESS " BUCK.
EFT SHOPS AND GAMBLING IN
STOCKS, BONDS, PETROLEUM, COT
ION. GRAIN AND PRONISIONS

No. 145.-AN ACT TO SUPPRESS BUCK.
Ell SHOPS AND GAMBLING IN
STOCKS, BONDS, PETROLEUM, COT.
TON, GRAIN AND PROVISIONS.
u is hereby enacted By he General assembly
Of the state Of Iermoat:
SEC / That it shall be unlawful for anv
corporation, association, Copartnership or
person to keep or cause TO be kept within
this state, any " bucket shop" office. store.
or other place wherein is conducted or per-
mitted the pretended buying or selling of the
shares OF stocks or bonds of any corporation,
or petroleum, cotton, grain, provisions.
pork, or other produce, either on margins or
otherwise, without any intention of receiv-
ing and paying for the property so bought, or
of delivering the property so sold: or wherein
is conducted or permitted the pretended buy
ing or selling OF such property on margins:
or when the party buying any of such prop
/ erty, or Offering To buy the same, does not
intend actually to receive the same il pur-
chased, or to deliver the same If sold: and
the keeping of all such places is hereby pro-
hibited And any corporation or person.
whether acting Individually, or as member
or as an officer, agent, or employee of any cor
! poratlon, association, or Co-partnership, who
shall be guilty OF violating this section, shall
| upon conviction thereof, be fined in any sum
not less than two hundred dollars and not
more than one thousand dollars; and any
| person or persons who shall be guilty OF a
second offence under this statute, in addition
to the penalty above prescribed shall upon
conviction be imprisoned in the county Jail
for the period of six months; and if a corpo-
ration shall he liable to forfeiture of its char
ter. Aud the continuance of such establish
Inent after first conviction, shall be deemed a
second offence.
SEC. 2. II shall not be necessary i'm order
to commit the offence defined in section one
OF this act, that both the buyer and the seller
shall agree TO do any Of the acts therein pro-
hibted, but the said crime shall be complete
against any corporation, association, CO-part-
nership or person, thus pretending or offer
ing 10 sell, or thus pretending or offering to
buy, whether the offer to sell or buy is ac-
cepted or not and any corporation, assOcia-
ton, co-partnership or person who shall com.
muntcate, receive, exhibit or display, in any
manner, any such olier TO so buy or sell, or
any statements or quotations of the prices Of
any such property, with a view to any such
transaction as aforesaid, shall Ice deemed an
accessory, and upon conviction thereof shall
be fined and punished the same as the prin-
cipal, and as provided in section one OF this
act.
SIC. 3. 1t shall be the duty of every COM
mission merchant, cO-partnership, asSucia-
ton, corporation or broker doing business as
such, 10 furnish, upon demand, 10 any Gus
toner or principal for whom such commission
merchant, broker, CO-partuership, corpora
lion or association has executed any order for
the actual purchase or sale Of any OF the
commodities hereinbefore mentioned, either
for immediate or future delivery, a written
statement containing the names of the parties
from whom any such property was bought
or TO whom IL shall have been sold, as the
case may be, the time when, the place where,
and the price at which the same was either
bought or sold; and in case such commission
merchant, broker, partnership, corpora
ton or association shall refuse promptly to
furnish such statement upon reasonable de-
mand, the fact Of such refusal shall be pgimd
tdcie evidence that such property was not
sold or bought in Legitimate manner.
SEC. 4. Whoever knowingly permits any
OF the illegal acts aforesaid in his building,
house, or in any clubhouse, booth, arbor
or erection Of which he has the care or pos
session, shall be fined not less than five hun |
dred dollars nor more than one thousand /
dollars. and any penalty SO adjudged shall
be lien upon the premises on OF in which |
such unlawful acts are carried on or per- /
mitted. IL is the intention of this act to pre- |
vent. punish and prohibit within this state |
the business now engaged in and conducted /
in places commonly known and designated /
as bucket shops, and also TO include the prac- /
tice now commonly known As bucket shop /
ping by persons, corporations, associations, /
or cO-partnershps, who ostensibly carry ON .
the business or occupation Of commission .
merchants or brokers' In grain, provisions,
petroleum, stocks and bonds. And II shall |
be the duty, under this act, OF all the Judges |
of the several county courts in this state, az |
every regular term thereof to charge all |
regularly impaneled grand iuries 70 make due
investigation and report upon all violations
Of the provisions OF this act.
Approved November p, 1888.