Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1919-03-07
BILL TO Protect
STOCK INVESTORS
Measure in Assembly Prevents
Sale Of Bogus Securities.
ALL MUST OBTAIN PERMITS
Rail Body Would Enforce Provisions
IF Proposed Aet-senate Votes to
Repeal secrecy Clause of State
Income Tax Law.


Madison.--A bill designed to put
Teeth into the blue sky" law so as to
prevent the sale of worthless and
fraudulent stocks in the state of Wis
consin has been offered in the legisla-
ture by Assemblyman G. O. Coe of
Barron county
The Wisconsin railroad commission
Is given power to enforce the provi-
sions of the measure. Persons desiring
to sell stock in this state must file
their application with the ra;iToad
commission. Upon the filing Of such
application it shall be the duty of the
commission to examine It and the
other papers and documents filed
Herewith. 1t may also make an in
spection, audit and investigate the
books Of the applicant, the expense to
be borne by the applicant. If the COM
mission finds that the proposed plan
Of business Of the applicant Is not
unlawful, unfair or inequitable, and
that the applicant intends to honesty
transact business, and that the Sc
curities 1t proposes to issue are not
fraudulent the commission shall per-
NIT the authorization and sale Of the
stock.
BY a vote of II to 16 the senate
passed the Severson bill providing for
The repeal Of the secrecy clause In
the state income tax law. The bill
was advanced recently by a vote of
Is to Is. Senator Fons, Milwaukee,
changed his vote on final passage.
The senate advanced the bill appropri-
ating $4,000 for hiring help to check
up and verify income tax returns. The
Hood league Of peace resolution was
laid over.
The assembly killed the CAM res
olution for 90-day session of the
legislature, also the Masiakowski bill
for unanimous decisions Of the SUI
preme court to declare a law unconsti-
tutional
The Coe bin giving women Of Wis
consin the right to vote for presiden-
dal electors, which has passed both
houses of the legislature, has not as
yet been received by Governor Philip
for signature.
Many queries have been received
from suffrage leaders In various parts
of the state as to fne status of the
bin, which viii probably come II the
governor In short time.
The Wisconsin legislature is pre-
pairing to tell Prof. Robert McNutt
McElroy. representative Of the Nation
nj Security league, what 1t thinks of
him.
Addressing a Liberty bond mass
meeting at the stock pavilion on April
5 Doctor McElroy claims he was so
checked at the lack of loyalty and en-
thusissm as he unfolded what he con-
sideJed one of Is best patriotic
speeches that he hurled this challenge
at a regiment of cadets:
81 think you're bunch Of damned
traitors"
A poll of members Of the legislature
1as failed to bring to light anyone
who feels that any such challenge was
uttered loud enough for the students
TO hear 1t, but since Doctor McElroy
insists that he called regiment of
cadets "a bunch of traitors" 1t is pro-
posed to introduce resolution taking
issue with and condemning him for
what he said. A copy of the resolu-
tion viii be sent to the committee of
congress which is investigating the ac-
A.. 1H Rle
The assembly tabled the Johnson
bill to forbid the teaching of foreign
languages In Wisconsin schools after
a long and bitter debate, In which the
loyalty Of various members of the
legislature was attacked.
Assemblyman Johnson said that this
fight was bound to come up again and
again.
Germany is so strong" he said,
because only German Is spoken in
Germany. Their efforts to undermine
the strength of America was through
the attempt TO perpetuate Germanic
tendencies in their children in Amer
lea through The German tongue. 1t Is
time the residents In America were
taught to be Americans and not by
phenates."
Though this bill is killed, another
bill by Assemblyman Fons of Milwau-
kee, less drastic. is still awaiting ac-
t'on.
In the senate the assembly resolu-
ton approving the Wilson program for
league of nations was unanimously
adopted.
Wisconsin Aids Game Wardens,
To protect and conserve fish, game
nnd Snnrr birds in WISCONSIN the State