The Advocate and news., 1899-03-29
House Bill No. 1.

AN ACT to prohibit the buying, selling and
dealing in grain, stocks, bOnds, securities,
provisions and other commodities, where
the persons so buying selling and dealing
do not intend to receive or deliver the
same, and are not, at the time, in the
possession and control thereof, and pro-
hibiting the keeping and maintaining OF
places for the purpose Of carrying on or
transacting such business, and fixing the
penalties for the violations of the provis-
ions hereof
Be 1t enacted by the Legislature OF the
State of Kansas:
Section l. Every person who shall buy
sell, exchange, or in any other manner deal
in grain, stocks, bonds, securities, provis-
ions or any other commodities whatsoever,
upon, telegraphic or telephone market re-
ports, and quotations, ii not then being the
Intention of such person, in pursuance Of
such purchase, sale or exchange, to receive
or deliver such grain, stocks, bonds, securt-
ties provisions or other commodities, and
The said person selling or agreeing to sell,
not then being in the possession and control
Of such grain, stocks bonds, securities, pro-
visions, or other commodities, shall, on
conviction, be adjudged guilty of misde-
meanor, and shall be punished by fine OF
not less than one hundred dollars nor more
than five hundred dollars, and ny tmpriS-
onment in the county Jail not less than
thirty days nor more than six months.
Section 2. Every person who shall set up,
keep, or maintain place, commonly known
and called Bucket Shop" or Board Of
Trade, where telegraphic or telephone
market reports and quotations upon grain
stocks, bonds, securities, provisions and
other commodities whatsoever, arc received
and made public by placing such
reports and quotations upon black
boards, or in any other manner
made public, and where persons resort, and
are permitted to resort, for the purpose Of
buying, selling, exchanging, or otherwise
dealing in grain, stocks, bonds, securities,
provisions or any other commodities what
soever; where such persons, in pursuance
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not then intend to receive or deliver such
grain stocks, bonds, securities, provisions
or other commodities, ana wnere such per-
sons are not then in the possession and con-
troll Of such grain, stocks, bonds, securities,
provisions or other commodities, and as
provided in the preceding section hereof,
shall, on conviction, be adjudged guilty Of
q misdemeanor and shall be punished by a
fine of not less than one hundred dollars
nor more than five hundred dollars, and by
Imprisonment in the county Jail not less
than thirty days nor more than six months. |
Section 3. Every person who shall know |
lngly permit or allow any place commonly |
known as Bucket Shop or Board Of Trade, |
to be set up, kept and maintained for the |
purpose OF buying, selling, exchanging or
In any other manner dealing in grain, |
stocks, bonds, securities, provisions and in
any other commodities whatsoever, where |
the person to such transaction and in pur-
suance of such purchases, sales or exchang-
eS, do not intend to receive or deliver such
grain, stocks bonds, securities, provisions
or any other commodities, and where such
persons engaging in such purchases, sales
and exchanges, are not then at such time
in possession and control Of such grain,
stocks, bonds, securities, provisions or
other commodities and where persons re-
sort and are permitted to resort for the
purpose of buying, selling, exchanging or
dealing in grain, stocks, bonds,
securities, provisions and other commodi-
ties, upon telegraphic or telephone market
reports and quotations, 1t not then being the
intention Of such persons engaging in such
transactions, and in pursuance Of such pur-
,nases. sales or exchanges to receive or de-
liver such grain, stocks, bonds, securities
or other commodities and the j
said persons not then, at such time, being
n the possession and control Of such grain
stocks, bonds, securities, provisions or other :
commodities, in any house or building to
pim belonging, or by him occupied or of
which ne has, at the time, the possession
and control shall, on conviction, be adj
judged guilty Of a misdemeanor and shall
De punished by fine of not less than one ,
hundred dollars nor more than five hundred i
iollars' and by impris: won't In the county /