The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1913-07-17
FULL EXPLANATION Of
IDAHO BLUE SKY LAW
MISUNDERSTANDING OF
ITS PROVISIONS.
Boise, Idaho, July IT,

] Boise Idaho July IT,
To the Editor Of The Miner.
Owing to the fact that number of
letters addressed to mining companies
throughout The state. aud particularly
in the Occur d'Alene district contain
Ing blanks for compliance with the
new Idaho Blue Sky Law. have been
returned by the different postofllces as
uncaled for. and for the further fact
!hat the state session laws arc not us
luaIly very popular reading matter, and
! That | am receiving numerous lettrre
from interested parties who state ihat
they have only accidentally learned
| that such a law existed, | request the
indulgence Of sufficient Of your vahl.
labe space To explain the situation for
/ the benefit Of those who may be thus
reached and can not be otherwise ad-
vised
| The Idaho Rluo Sky law in its fun
| text is practically a verbatim copy Of
the now famous Kansas Blue Sky law
iand contains some exacting and ex~
pensive requirements In it's general
corporation supervision.
Mining Association Did Good Work.
\ full copy of this law may be had
| by application to this office without
charge. and the objectionable feat
velopment corporations viii be readily
appreciated. These were of such
nature as to prove the principal lncen-
tive for the formation of the Idaho
Miners association, whose commit
tees succeeded, after numerous con-
ferences during the recent legislative
session here and towards It's close. In
having amended the general provl-
sions of this law in its application to
Idaho mining operations in such a way
as to make its requirements much
more easily complied with at practic-
Ially no cost to the operator, and the
mining fraternity of Idaho owes this
associaiion n debt of gratitude for its
labors in this connection and should
literally support this institution by be-
coming members. as the purpose of
this society is to advance the mining
interests of the state in general way
and to particularly look after and en-
deavor to modify objectionable legis-
l1ntive cnactments that viii tend to
enharrass the progress Of the indus.
TRY
J,I, N Ir = al fn
70 appreciate the norcsai'y n' this
Iassociation supervision It is only ne
ceGsary to say here We're Eve different
Blue s'l,o bills proposed in the last
Idaho legislative session and each on"
Of then, originated with farming. bank
ling or legal interests. who had very
little sympathy for the mining indus
try and in some instances showed pos
,itivc antagonsm and lack of under
standing of ita merits and advantages
ito the state Of Idaho as a whole, "
any one doubts the liberality of the
mining exception of this statute int
which the Idaho Miners association Is
responsible by amendments. |et them
try to sell stock under the ne" Blue
Iskv laws of Oregon or California and
see what thev will run against.
No Financial Demand.
This Idaho statute does not carry
Iany financial provision for its eXecu-
tion. and my purpose in sending our
blanks for tho compliance of the min
Ing feature of #, at considerable cost,
Twas in the hope that compliance
with its reasonable provisions would
Iurobablv forestall any Objectionable
lomendments at the next legislative
session
Approve. Change in Time Of Year.
Complsi ipis have been made that u
comes at an awkward time in the
wear and would be much easier com
n,isd with. especially by big operators
ot the close Of the calendar year
rather than in the middle OF II, ana
am decidedly in sympathy with TINS
suggestion, and will do what | can u
have the law amended to that extent
and think this change should be mau'
Ion al other state anu ltut,ti ''f'' ''
,rcnuired. where possible,
would advise that any intere8Ie'
marty who has not vet made TINS re-
mort should do 81 at his earliest con
venierce. and will he glad I" suppl!
them the necessary blanks upon 30
plicati>n to this office
licu :, f;il tive GlsnN.
Every mining corporation, whose
propcrlr f. situated in Idaho. ant
whose charter has not been fo1'e''e"
Is required 10 make his report Wne'
Ither IT Is operating or not, 1t mas
!qtock issue and thc cssenfial feature
Of the capitalization and stock diatri'
button should he given while the Hthe'
> Questions on the blank not 1ppncap''
TO tho operation may he covered viii
\ General statement,
Bad Feature Eliminated.
? Section is Of our new Blue SIX
stntute is a modification of our wild
cat law that was put on the statute