New-York tribune., 1908-05-22
BLOW AT BUCKET SHOPS
GOTERNOR SIGNS BILLS.
Measure for Regulation OF Practice
of Optometry ApwoUed.
NV Te,esranb 70 Th. Tribune. !

IBy telegraph The Tribune ]
Albany May 2.-whether not the Legislature
adopts his Recommendation for a general investl-
CATION of Wall Street, Governor Hughes to-nlsnt
struck a vigorous blow at the worst form OF STOCK
gambling when he signed the Cassidy-o plia'
anti-bucket shop bill. This measure II Inc des
perste methods adopted to prevent Its passaee
form any criterion practically the oeath
OF jobb.ng institutions which fatten On 'iie
man with only a few dollars to risk
Considerable interest attached TO 'he pas
sage of this on the last day of the regn-
lar session The O'Brian bill was tied up ana Tvs
enemies kept it in that shape The Cass'os pH'
identical save for a words, was reporieu Ii oh
the Assembly Rules Committee and rushed TO pas
sage through the efforts of Mr.. OBrian- SOME
Assemblymen charged that Cassidy useo ms IN
fluence in the Assembly against his own pih 'h''
day.
The act is substantially similar to the mas
setts law 1t Will take effect on September
Senator Cassidy tonight gave out a statemeh.
expressing qualification at the Governor ac'ioi
and declaring that those engaged in tie business
are committing fraud upon the pupiic i,i,'
worse than any form of gambling lie auoS
in the first place. they began ther h opeII barpeI
a strip of oilcloth, piece of chalk and ian an TseV
quotation of prices on baH he ass%e ssoSm to buy
charge their customers an elghth OF .be Pc socs
they would have to pay the same as they chaIse
the customer. They charge their cusIoie 9 f ~ tbe
stock and the margin paid. If they actually car
red loan, they would have to pay eie 70 sell .aII
stocI which they never bought and charge their
an eighth h S OF op psr thsY Would have to
pay the same they charge their customers n
Seaf them OF all profits so they catch their Gus
TONERS going and coming and standing sun. hey @
defeat the state by escaping the STOCK transfer TAX
such transactions.
The new law establishes penalty of S5.a0 maxi
mum fine for a corporation and Of 81, maximum
fine or five years Imprisonment, or both. for a
person and the forfeiture Of charter for cor
poration 1on second conviction. Transactions to be
legal must contemplate a bona hde receipt or de-
livery OF the securities commodities dealt in and
concerns must furnish written demand to any
customer written statement containing the
names of the persons from whom such property
was bought or to whom II has been sold. as the
case may be- the time when, place where, the
amount of and the price at which the same was
either bought o sold. Refusal to render such
statement within fortyeight hours shall be prima
facie evidence of violation Of the act
The Governor approved also the bill of Senator
Wilcox. providing for the regulation of the prac-
tice OF optometry, and vetoed two measures or
general interest One designed to make Octo-
Der 12 Columbus Day, legal holiday, and the
other was intended TO provide free transportation
TO letter carriers. policemen and fremen while in
uniform
In approving the optometry bill the Governor filed
a memorandum, in which he says, in part:
The LEGISLATURE last year passed a measure for
the same purpose, which disapproved upon the
ground that it failed to provide for adequate super
vision by the Board of Regents IN accordance with
out have been remedied in the present bill OBJ
lion to the practice in question but the fact re-
mains that the practice exists and will continue
and unquestionably it forms proper subject for
regulation.
In dsapproving the bill Of Assenlbyman J. H.
Walters Republican, OF Onondaga, which proposed
amend the public service commissions law reia-
tive TO the free carriage Of letter carriers police
and fremen. the Governor says:
This bill amends the section Of the law free
men and frelnen may have transportation free or
limited to where they duty. In these
cases the federal state and municipal governments
may arrange for such transportation under the ex-
listing law.
In vetoing the Columbus Day bill, introduced by
Assemblyrnan A E. Smith, Democrat, OF New York
the Governor says, in part:
The bill would only create create confusion and busi.
October p shall be classed as a legal holiday it
goes on 10 provide that the act shall not be con-
that may near or THE making or execution Of
% 6ds or in writing o2 or
not made real holiday. and what exactly it may
settles the status Of the day and Would give rise to
business uncertainties for which there should be
tended 70 add Columbus Day to ne number Of pub
He holidays the general law relating to holidays
should have been amended accordingly
Bills signed to-day by the Governor include also
those Of:
Assembyman Charles Smth-Incorporating One
onte city and providing a charter
Assenblyman Manufacturing after September
l. 1903. that all railroad csbooses shall have suit
able and safe platforms al each end.
Senator Grattan-Amending the stock corpora
ton Law relative TO the dissolution of corporations
by providing that, in any corporator shall
be deceased, certificate Of dissolution may be
made by tho surviving corporators, provided two
years shall have elapsed since the date OF its in
corporation.