Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-04-07
NO SINCERE STEP TO ADJOURN.
MENT TAKEN ~ LEGis.
LATURE.
ALL RESOLUTIONS HAVE
STRINGS TIED TO THEM
Drys Somewhat Suspicious That Ef-
fort WI! ae M.ae 80 Force Ad-
journmsnt Before Program 10 Com.
pIsted-Senats Delays Naming Of
Sitting Committee Until Monday.
,ecial to rimes-Republican.

Des Moines April Tt still remains
legislature has taken any step definite
ly looking to an adjournment sine die
and there has been no serious attempt
at an agreement as to the time of the
ending Of the session.
| Now and then resolution has been
| offered for final adjournment. That
is an easy and harmless way of making
a record to point to with pride at home.
| Some Of the resolutions have been
passed, but always they have string
| tied to them Neither house has been
willing TO pass over to the other the
right to determine on a date for ad-
| journment
! The action of the senate in putting
off until Monday consideration Of the
matter Of a sitting committee is in &C
cord with the prevailing sentiment OF
that body. 1t came near to being an
| other wet and dry" fight 1t would
seem as If the drys are somewhat sus-
picious that fixing Of early date
| for adjournment might endanger some
Of the dry bills yet to go to the COVER
nor.
Reason For Delay.
Senator Allen was spokesman for
those who wanted TO postpone. IT Is
ridiculous he said, for Iowa to spend
two or three hundred thousand dollars
for a session Of the legislature. and
then, just as the general assembly Is
at the point where 1t may really con-
slider all the various bills, go into the
hands of receiver. It is not right that
at the very time when the most i'm
portant bills are to be acted on the
whole matter should be turned over 10
few men to dictate absolutely what
shall be done. We have been here
working on these bills three months
and we ought to know now what is in
them and how We ought to vote on
them and it is useless 10 talk Of a sift-
ing committee at this time. Let US
proceed with the work We have in hand.
There is not the least reason 20 suppose
We will be unable to get thru with ev-
erything that is important II only we
continue the work. We do not need
sitting committee. We sho.ld not, at
least consider 1t until we have reached
stage where we know that without
1t we cannot get thru by given date.
This was the view that prevailed and
receiver.
Blue Sky Bill to Governor.
After a hard fought contest. the SEN
ate Yesterday passed the Ring Thomas
blue sky bill by vote of SO to s. The
measure has been passed by the house.
It will go to the governor for his ap-
prevail.
Senator Thomas led the feht for the
blue sky bill Opponents attempted to
substitute a measure patterned after
the national law prohibiting frauds in
the sale Of stocks The substitute was
rejected by a vote Of - to IS.
Following the passage Of the bill
Thomas moved that the vote be recon-
sidered and that the motion be laid
on the table This carried. The ac-
ton was for the purpose of prevent
| ing any further changes IN the meas
ure. It now provides:
Inspection Is Provided.
| For the inspection Of stocks, bonds
and securities to prevent fraud.
Exempts all Iowa corporations which
| have complied with the Peterson law
of Iowa.
| Requires brokers to take out per-
mits at a cost Of $50 a year or pay a
filing fee of 50 and an inspection fee Of
$50.
Permits bona fide owners OF stocks
and securities to sell the same In good
faith, without inspection or regulation.
Two years ago Thomas introduced a
bill to prohibit frauds in sale Of stocks.
1t was enacted into law and was de-
ciared unconstitutional because it dis
eliminated against citizens Of other
states. short time ago the attorney
general of the United States sent a
committee to Des Moines to draft
general blue sky law for all the states.
Senator Thomas drafted new blue
sky law for Iowa patterned after the
form the attorney general recon-
mended. 1t was introduced in the
house by Representative Ring and in
the senate by Senator Thomas.
House Approves Measure.
The house acted Arst on the meas
ure. 1t was adopted by vote Of 81
to IA. 1t was then sent to the senate.
The senate appropriations commit
tee attempted to kill the house and
senate blue sky bills and offered a
substitute measure. which was more
simple. Senator Thomas substituted
the house bill by Ring for his own
bill and fought for it's passage. It was
a double fight-first for the rejection
Of the substitute by the appropriations
committee and then for the passage Of
i the bill.
Senator Foster, the author Of the
substitute bill, voted for the Ring
Thomas bill. He explained to the
senate that he preferred more sim
pie law, but that he liked the Ring
bill better than none at all.
The vote on the MIL follows:
Yeas-Allen, Arney, Balkema. Chase,
Clarkson, Crist, Darrah, Doran, Evers-
meyer, Enger, Fleck, F'oskett, Foster.
F'railey, Francis, Gillette, Greene,
Head. HeImer, jones Kimball. Lar
rabee, Parker, Robinson. Sheean, Tay-
lor, Thomas. Thompson, Voorhees,,
White Of Benton, White Of Iowa,
Whitmore, Wilson'S.
Nays-Caswell, Hagemann, Henig-
baum, Hilsinger. Indy. Perkins.
Quigiey, Savage-8.
i The bill provides that the measure
shall be enforced by the secretary OF
state. That office is authorized to
employ additional clerks required to do
the work.
The emperor OF Austria owns the
largest opal in the world. It weighs
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