Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1913-02-14
THE STATE SOLONs
INITIATIVE AND REFERENDUM
AMENDMENT PASS 50 TO 12
WILD CAT STOCKS REGULATED
Feee Splitting by Physicians Prohib.
ited-Cold Storage Trust Hit by
Milwaukee Senator's bill

Madison, Wis, Feb. Is (SpeciaD
THE wiping out of wild cat" spec
ulations and the safeguarding of the
interests of Wisconsin investors is
attempted in bill introduced in the
senate by Senator Otto Bosshard, La
Crosse, Monday night.
So well does the measure plan to
shed publicity on the affairs of stocks
and bond floaterts that a strong cor
poration lobby is expected against
the measure.
Creates Corporation Commission
I A corporation commission is cre-
ated by the bill, to consist of the
! secretary of state, the commissioner
of insurance and the commissioner of
banking. This commission, without
| any additional salary, shall keep
| track of concerns seeking to do bus
mess in Wisconsin and before stocks
or bonds are offered for sale the
companies offering them must Sc
cure a permit to operate. This ap-
plication for permit must be accom-
panied by a complete financial state
ment of the company as Well as an
outline of the methods under which
they intend to transact business.
Untruthful advertising is not to be
permitted as a provision in the bill
makes it compulsory for the liter
ature of the concerns to be first O.
K.'d by the commission before it is
placed in the hand of the prospec-
tive clients.
Initiative and Referendum Adopted
The vote of the assembly on the
submission of the initiative and ref
erendum amendments to a vote of
the people indicates that that body,
many of the members of which are
new, is absolutely progressive. On
ly twelve assemblymen voted against
letting the people decide. They We're
BATHS, Clancy, Dorm, Hama, Hansen,
Mory, Murphy, Roessler, Scanlon,
Schilling, |. N Stewart, Viebahn and
Walsh There is no doubt but that
the measure will pass the senate and
at the next general election the peo-
pie will have an opportunity of adopt
ing or rejecting the system now in
vogue in Oregon.
Anti-Fee Splitting Bill In
A bill expected to create some
thing of a stir in the medical world
and one which, it is said will go a
long ways towards stopping unnec-
essary operations, is that of Assem-
blyman Frederick making it unlaw-
full for physicians or surgeons to split
fees.
Refrigerator Trust Hit
1t is claimed that under the pres
ent laws physician of but mediocre
ability often gets a chance TO drag
down half of big fee by recomend-
ing to the patient an operation
which may be unnecessary.
Strenuous opposition on the part
OF the refrigerator trust is expected
in connection with the bill of Sen
ator A. E Martin, Milwaukee, which
limits the time food products may be
kept in cold storage to six months.
The proposed law provides that the
products must bear the date they
are placed in storage as well as the
date they are withdrawn, insuring
the consumer full information as TO
the age and quality of the necessi-
ties which adorn the family board.
Reduce Cost of Living
A reduction in the high cost of
living may be secured by the meas
ure as it interferes with one of the
pet games of the alleged trust. In
the past, it is claimed, the cold stor-
age people were wont to corral prod
ucts and hold them while the price
scared
Severe penalties are provided, from
$25 fine for the first offense. to $500
fine and from thirty to ninety days
for the third Offense