Our land = La Nostra terra. [volume] (Hurley, Wis.) 191?-1913, 1913-04-19
MADISON NEWS


ana IN many respects superior to the
statutes of other states will be written
In the statute books before the legisla-
ture adiourns.
! 1t is the intention to so regulate in.
\ vestment companies in this state that
their stock will be safe and the inter
4 ests 2f the investor protected in every
way from the bright but tlimsy induce
ments held out at present by so.called
wild cat" concerns.
At present there are four bills in on
the subject While all tend to make in
vestment safe in Wisconsin the main
point of difference in the measure is
= placing = -, =, ---e- for the ilves-
t;gatiag aui c1atIoi Of stock and bonds
GO n2anies The bill proprosed by Sen
ator OF o Bo s1ard would create a COM
Mission t. consist of the ecretary of
state, the state treasurer and the COM
missioner Of barking. The bill of Sc
nator Culberts)n proposes to place all
author,ty n the hands of the railroad
commission The bill of Assemblyman
Dietr'>.h. which is modelled after the
Kansas Blue Sky law places the propo-
sitiol in the hands of the commissioner
of banking. Assemblyman Bingham's
measure also favors the railroad COM
mission as a body in which TO c,ntra-
lie authority.
1t is safe to say that neither Of the
bills Introduce will be adopted in its
entirety. The senate committee on cor
porations, however. has already given
hearings on the various measures pro-
posed and other hearings are scheduled
At the completion of these it is prob
able that the committee will draft an
entirely new bill, embodying the best
features found in the measures already
in and adding suggestions made by
those who appeared at the hearings.
The l1Gestion of blue Sky is not
occupying the attention of Wisconsin
alone. Kansas already has had such
law on its statute books for two years.
Vermont has measure which is mo
! difcation of the Kansas law, and New
Jersey, New York, Pennsylvania and
other states have similar laws.
The purpose Of such law is two fold
| first to stamp out fraudulent specula-
tive business, and second. to promote
| legitimate investment business. In a
recent article in the Securities Review
Scranton, Pennsylvania publication,
lit is claimed that the second purpose
| should be as important as the first, for
| the encouragement of safe investing is
| a worthy cause ana deserving Of the
states cooperation.
| is claLned that some of the states,
IL their anxiety to work hardships on
ljIegitimate concerns, have entirely for
lQotten the promotion Of good business,
| Ind that this is in many instances res
asjole for the criticism Of some Of
| ,e Blue Sky laws now in effect
| Precedent in Wisconsin in the regula-
lon of corporations, however justifes
assertion that no such condition
u follow the passage Of such a law
s,e. The corporations as well as the
leople have been the benefciaries I'M
f. the railrc2d and public utilities
bets.
PURE SEEDS.
That pure seeds for Wisconsin far
srs vii -sssurred by the legislature
ss haen certain since the opening Of
H. session. Seed frauds have been
au known to exit and bills were early
reduced to place in the hands Of the
oartment Of agriculture of the uni
rsftv power to pervent further frauds
III now thought that the power of su-
sion will be placed in the dairy
IoE,..,3 department as a more effec-
4 90 and rl1~& appropriate authority,
rec If inspectors already being in the
- The law, it is said, viii be enact
-+aont going into an expensive in
ration and taking part in fight
essn rival seed concerns as propos-
s.amblvman Mahon. Il rs argu-
.st is an admitted fact that seed
ions II ge been worked in "iseon
it's not large nor complicated
and therefore, say friends oI
rmer why investigate tle burg
after it is committed! Why not
v and pass a law doing away
the evi2
~0oDNFN FIGHT BEFORE
LEGISLATURE.
e9atending factions within the
the modern Woodmen OF Anne
srg the question Of rates were
m opportunity to be heard ne
assembly committee on insur-
wa5nes5ay Ex Assemo'y'nan =
tson. representing the lnsur.
5men, Yealizing the 'nposslD' s
yetting the oojeetioRahs avs
offered Substitute anlsii.-
of FrarprTlal AUtltNlc1