The Elbert County tribune., 1919-04-04
CONFERENCE likely
HOUSE PASSES BLUE-sKY BILL
ON SECOND READING.
knauss-Psterson Measure Has A.
ready Been Passed by tho
Senate.

Legislature in the matter of legislation
to curb fake promotion schemes and
to regulate legitimate sales of specu-
latiye stocks In Colorado came to n
showdown when the House passed on
second reading the Girard-FaIrfield
blue-sky bill (No 443). The Senate
already has passed on final considera-
ton the Knauss-Peterson blue-sky bill.
The Girard House bill differs in many
respects from the Senate measure,
which calls for a commission to pass
on the reasonableness of speculative
securities and to drive the wildcatter
from the state. The Girard bill is a
publicity measure, aimed to aid the
public by protecting the honest pro-
moter of stocks. There is no securi-
ties commission or other body to check
the actions Of companies or brokers,
reports being filed with the secretary
of states office Indications are that
the Senate and House measures will
go to a conference, as the Senate meas
ure is now slumbering in the House
judiciary committee, and like fate
will meet the House bill when 1t
reaches the Senate. Democrats are in
the majority in the Senate. The blue
sky bill is an administration measure,
which was passed on the approval OF
the Republicans and Democrats. The
Girard bill was changed during the
discussion on second reading to In
clude within its operations all water
or drainage district bonds. The judi
ciary committee had decided to ex-
empt these bonds from the operation
of the act, similar, in this regard, to
the Senate measure. Little opposition
was raised to the regulation of irriga-
ton bonds, which were referred to by
speakers as speculative securities. An
other change in the bill does away
with the attempt to define speculative
securities and makes 1t mandatory
upon the part of newspapers and other
publications carrying advertisements
Of speculative securities to first verify
the authenticity of the company's
standing. If advertisements of com
oany, whether incorporated in Colo
RADIO or in another state, are published
without the necessary permit granted
TO the company in the first place, the
newspaper is held liable under the
law.
The Bashor House bill giving 60 per
cent of land owners along an irriga-
| ton lateral the power to incorporate
and condemn the ditch water rights
Of the other 40 per cent was passed in
the Senate. The object of the measure
was to protect landholders farthest
| away from the head waters. Also
was passed the Colgate and Gardner
House bill appropriating $4,000 as u
fund for the eradication of predatory
animals, in conjunction with the gov
crnment. The fund will be admins
tered by the state game and fish COM
missioner, and will be added to by the
government Biological Survey, which
will cooperate with the state officers.
| Final victory over obstructionists in
| the lower house of the General Assem-
bly, was achieved by proponents of
medical care of school children. With
| only three negative votes the Downing
bill providing authority for school
boards to employ physicians, nurses
and dentists to aid in safeguarding the
health of school pupils was passed on
third reading.
Colorado's proposed good road leg
islation was showed another step for
ward in tie House of Representatives
when the three road bills, by which
an extra 100000 is expected to be
added to the road fund in 1920, passed
ON final reading. The revenues in
1919 will approximate S5O0OO0.
The klee-Starkweather Senate
bill allowing cities of the first and
second class. including Denver and its
mountain parks system, to acquire
lands for parks and giving them police
power over them also passed on sec
ond reading in the House. Under the
provisions of the measure Denver may
prevent The erection of billboards near
the parks which might tend to mar
their beauty, and prevent speeding
The Lake House bill, providing for
the purchase of sites and construc.
ton of armories at Denver, Colorado
Springs and Trinidad passed the
House on second reading after an un-
successful attempt had been made to
amend the bill SO as to exclude Colo
| RADIO Springs and Trinidad. An amend.
ment reducing the appropriation from
S75O.00O to 100000 WAS coupled to
the bill before it was passed.
The Wilson-Bashor bill. which aims
to clear up the records of owners of
irrigation bitches in the various dis
tricts and the Tobin Senate bill which,
as amended. permits federal coopera-
ton only where the federal laws con-
form to the constitution and laws of
Colorado, passed on second reading in
the House.
Bills making appropriations for the
support of the State Industrial School
at Golden for the coming two years,
bepinnInp doc 1919. for tba 49,