Bisbee daily review., 1907-10-19
THINKS ARIZONA NCEne WIID IvLLuU EIiLU
 CAT LAW
Strong Argument in Favor of Statute to Prevent Evil Min ing Schemes From Being. Exploited by RaScalS
(Phoenix Democrat.)


 Arizona should have an anti-wildcat szw for the protection of her legiti- mate mining industries, her fair name and stockholders to-be. Such a law WoEld be a credit to the territory, re sardless of whether the number of wildcat companies at the present time be few or many.
 1t would not only deter eyiI-doers from defrauding others and running great risks of getting themselves into trouble, but it would also give legiti- mate companies a better standing, Arizona better name, and the mining industry in general a healthier tone. To have this effect. however, it would be necessary to strictly enforce the law.
 At present the only recourse a de frauded stockholder has in this terri tory is in the usual laws. obtaining money under false pretenses. for in- stance. But it is well known that as applied to wild-catting these laws are easily evaded. Nor does Q small stoekholder care to go to the expense of prosecution unless his chances Of getting legal redress are good.
 IL was recently announced that the gostoffice department will in the near future go to greater expense than in the past in securing evidence and pros ecuting wild-eatte-s who make use of the United States mails to defraud. This Is we'll
 The government can do good ser vice. but the territory, with a good wildcat law, will be able to proceed against those whom the postofffee de partment has no Jurisdiction over viz. the presons who get in their work without the use of the mails.
 AS a matter of fact if there is to be a choice between the two methods, inc territorial law is to be preferred tn being the fairer to the accused. He has a public hearing. and, if he so elects, trial by jury.
 Ehe power of the postoffice depart ment is unlimited so far as the use oE the mail is concerned and there is ne trial
 The government can punish only by depriving from the use of the mails: the territory can imprison or fine, or both The latter punishment is the more effective The territory should therefore handle such cases. And it is to be hoped that the next legislature will pass law of this kind
 The following law is now effective in the state of Idaho, and would seem Go be good one for Arizona
 Amy person who knowingly makes or publishes in any way whatever, or permits to be so made or published, any book, prospectus, notice. report, statement, exhibit or other publica- 6ion of or concerning to the affairs, financial condition or property of any corporation. eO-partnership or indiyid- saal, which said book, prospectus. no tice, report statement. exhibit or oth- CT publication shall contain any state ment which is false or willfully ex- aggerated. or which is intended to give, or which shall have a tendency to give, a less or greater apparent value to the shares. bonds or proper -sy of said corporation. joint stock as 'sociation, co-partneTship or individual, or part of said shares, bonds or prop erty than said shares bonds or prop erty, or any part thereof, shall really and in fact possess, shall be deemed .--1i1t1Le e-E e -Ezl1zazr- sad rrnn aauriofiG1