Los Angeles herald., 1905-03-27

SnOOiO be given 10 lnlS Dill III lne COun-
ties to be benefited, so that some action
may be taken Immediately by the variA
Gus boards Of supervisors. This year
Will see more prospectors on the desert
than ever before IN the history Of Cali
fornia, and in consequence many new
mineral discoveries will undoubtedly
be made with these guide posts erect
ed many lives will be saved.
san Diego county took the initiative
in the matter Of guide posts in the year
1895. and a number of posts were
erected between Campo and Yuma. 1t
IL the common opinion that now that
the necessary posts will he purchased
by the state there will he no difficulty
in having the counties to he benefited
erect them.
Full Text of Bill
The following Is the bill that has
been signed by Governor Pardee and is
how in effect.
Section THE sum Of $1,000 IA hereby
appropriated from the money in the
state treasury, not otherwise appro-
priated. for the purpose of procuring
metallic guide posts upon which are to
he indicated the distance and direction
from said posts, the location of wells,
springs or tanks of water fit for drink
ing purposes and other information of
value, in the desert sections of Cali
fornia, particularly in the counties of
Kern, Ventura, Los Angeles, 1nyo,
Riverside. san Bernardino and San
Diego; providing, however, that each of
said counties (for its own county, shall
bear the expense of the proper erection
of said guide posts at such points In the
county as may be designated by the de-
partment of highways, and shall pay
all expenses attendant upon the placing
OF said posts, as well as the expense in
CURED in placing the directions above
mentioned upon said posts.
Section 2-The purchase and distribu-
ton of such posts Is hereby placed
under the management and control of
the department Of highways of the state
of California, and it is made the duty
of said department of highways to
designate the points at which said posts
shall be placed. Said posts shall be at
least ten feet in length and shall be
made of not less than two-inch nor
more than three-inch iron pipe. to be
set in metallic cross pieces Of such size
and to be sunk in the earth at such
depth as will insure proper anchorage.
Said posts shall have iron cross arms on
which shall be affixed metallic letters
stating the information mentioned In
section 1 of this act.t
Section S--Any person removing, de-
facing or in any manner injuring said
guide posts shall be deemed guilty OF
felony.
Section 4-The state controller is
hereby directed to draw his warrant In
favor of the highway commissioner for
the sum Of $4,000 and the state treasurer
is hereby directed to pay the same.
To Protect Stockholders
In order to protect purchasers of
stock in corporations the state of Cali
fcrnia has enacted a law that is as
follows, being an amplification of a
former statute, only more stringent
provisions are embodied. The face text
of the measure is as follows and has
been approved by Governor Pardee:
Section Amy superintendent, drec-
tor, secretary, manager, agent or other
officer of any corporation formed or
tcti Ia 10 of tafa
or transacting business in the same.
and any person pretending or holding
himself out as such superintendent, di-
rector, secretary, manager, agent, or
other officer who shall willfully sub
scribe, sign, indorse, verify, or other
wise assent to the publication, either
generally or privately, to the stock
holders or other persons dealing with
such corporation, or it's stock, any un-
true or willfully and fraudulently eX-
aggerated report prospectus. account,
statement of operations, values, busi-
ness, profits, expenditures or prospects,
or other paper or document intended to
produce or give, or having tendency
to produce or give, to the shares of
stock in such corporation a greater
value or less apparent market value
than they really possess. or with the in
tention of defrauding any particular
person or persons. or the public, or
persons generally. shall be deemed
guilty of a felony, and on conviction
thereof shall be punished by imprison-
ment in state prison or county Jail
not exceeding two years, or by fine not
exceeding $4,000, or by both.
Section 2-All acts and parts of acts
in conflict with this act are hereby re-
pealed.
Bully Hill Mine Sold
No matter what the price may be the
Bully Hill mine and smelter is sold.
/ A deal that was pending for several
months was consummated within the
past week, whereby the entire capital
stock of the Bully Hill Copper Mining
and Smelling company, owned by Capt.
]. r. De La Mar, the multi-millonairs
| ,x,i..t,,S. onarafor GOld nv him tO y