The Elk Mountain pilot., 1919-04-03
CONFERENCE LIKELY
HOUSE PASSES BLuE-skY BILL
ON SECOND READING
.-Pstersen Measure Has A.
ready Been Paced by the

vs~ssr~ Nevspaper Union News Service
Denver.-Differences between the
Republicans of the two houses OF the
Legislature in the matter OF Legislation
to curb fake promotion achemes anu
to regulate legitimate sales of specu-
lative stocks in Colorado came to
showdown when the House passed on
second reading the Girard-Fairfieid
blue-sky bill (Np. 44S). The Senate
already has passed on final considera-
tion the Knauss- Peterson blue-sky BILL
The Girard House bill differs in many
respects from the Senate measure
which calls for q commission TO pass
on the rsasopableness, Of speculative
securities and to drive the wildcatter
from the state. The 0irard bill is
publicity measure, aimed to aid the
public by protecting the honest pro-
motsr 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 aconference, as the Senate meas
ure is now Numbering in the House
judiciary committee, and like fate
will meet the House bill when II
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 ami 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. 10
the Senate measure. Little opposition
was raised to the regulation of irriga-
tion bonds, which were referred TO by
speakers AZ speculative securities. An
other change in the bill does away
with the attempt to define speculative
securities and makes II mandatory
upon the part of newspapers and other
publications carrying advertisements
Of speculative securities to first verify
the authenticity Of the company's
standing. II advertisements of a com
pany, 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 right,
OF the other 10 per cent was passed In
the Senate. The object Of the measure
was to protect landholders farthes'
away from the head waters. Also
was passed the Colgate and Gardner
House bill appropriating $4,000 as q
fund for the eradication Of predatory
animals, in conjunction with the gov.
eminent The fund will be admins
tered by the state gnme and fish com
missioner, and will be added to BY the
government Biological Survey. which
will cooperate with the state officers
Final victory over obstruetionists 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
third reading.
Colorado's proposed good road leg
islation was showed another step for
ward In the House Of Representatives
when the three road bills, by which
an extra 100000 is expected to be
added b the road fund in 1920, passed
on final reading. The revenues In
1919 will Approximate $4,000.
The klee-Starkwsather 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
end reading In the House. Under the
provisions Of the measure Denver may
,.,r' lie erection OF billboards near
ths parks which might tend to mar
their beauty, and prevent speeding
The Lake House bill. providing for
the purchase of sites and construc-
tion 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
rado Springs and Trinidad. An amend
ment reducing the appropriation from
$4,000 to 100000 was coupled to
the bill before 1t 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,
~ amended. permits federal coopera-
ton only where the federal laws con-
form to the constitution and laws of
Colorado passed on second reading in