The Elbert County tribune., 1919-03-21
PASS BLUE-SkY LAW
GOOD MEASURES NOW COMING
UP FoA FINAL ACTION.
Vote on Measure In Senate Was 22 to
8 Showing No Party
Lines.
Newspaper Union New. Service

| session OF tHe OeHeIdi ASseiuDiy, anu
constituting a part of the program of
egIslation recommended both by
Julius C. Gunter, Democratic outgoing
governor, and Oliver H Shoup, incom-
ng Republican governor, has been
passed by the Senate. There was no
drawing of party lines, the bill receiv-
ing a mixed vote of % to 8. AS adopt
ed by the upper house the bill repre-
sented the pruning efforts of joint con-
ference committees who had the job
thrust upon them of presenting a
measure containing the best features
of all the bills introduced. 1t provides
for the appointment by the governor
Of securities commissioner, who shall
draw salary of $4,000 a year, and
serve with the secretary of state and
state attorney general. 1t calls for
careful scrutiny by this commission of
| all security sales, or proposed sales,
at the expense of the firm, corpora
tion or individual applying for the
right to sell stock in the state. 1t also
provides for the payment of fee of
s5 for each agent engaged in the sale
Of securities, and registration fee of
s25. There are a few exemptions, In
Guiding government and certain irriga-
tion securities. One of the features
of the measure, obtained by amend
ment by Senator Henry o. Andrew of
Boulder, provides that all contracts
and advertising must show the proper
tlon of stock that viii be used for pro-
noting the interests of the company,
gol, l.
opment work.
The Senate, following the adoption
of the League of Nations resolution,
also adopted a memorial calling on the
peace conference to permit Ireland the
right of self determination. This
measure like that of the League of
Nations was adopted by a stri6 party
vote.
An appropriation of S25,OU0 for the
Americanization of aliens of Colorado
during the biennial period of 1919 and
1920 is provided in the Steele House
bill which passed second reading in
the lower house of the Legislature aft
er a brief tilt over the amount the ap-
preparation should carry. The COVER
nor is given the power to apportion
the money to carry out the work, and
is given authority to select a commit
tee of citizens to supervise the work
and who in turn may employ teachers.
Members of the committee would re-
ceive no compensation.
Proof that the words of Prof. r. D.
George, state geologist, carried the
required weight when he spoke for
larger appropriation for the work of
the geological survey before the
House members was evidenced when
House bill No. 154, carrying $4,000
for the survey, passed on second read
ing
The State Senate adopted on final
reading the Bashor-Rockwell House
bill, barring. unnaturaized foreign
born residents of the state from hunt
ing wild game in Colorado, and forbid
| ding the possession OF firearms by
aliens. The measure now goes to the
| governor
The short money bill for the pay of
state employees for the four months
ending March 81 will probably be over
| taken in its course of legislative ac-
tion by the long money bill. The short
bill, calling for $425, 900 in salaries, re-
| garded as an emergency measure, was
presented early in the session of the
| Legislature to provide the appropria-
tions until the general bill can be
enacted.
| A field experimental station for the
| study and investigation of problems of
,fy,f, ,,,t1I nd tI,., -
ores, may be created at Silverton in
| San Juan county, The lower house of
| the Colorado Legislature adopted the
| Slattery Senate concurrent resolution,
memorializing the United States bu-
reau of mines to that effect. The sta
| ton, If established, would be conduct
| ed by officials in charge of the expert
mental station at Golden, in cO-opera-
| tion with the State Bureau of Mines.
By vote of ID to 13, with nine SEN
ators absent, the Starkweather-Boo
bill, proposing to give Juvenile courts
coordinate Jurisdiction with District
and County courts in adult criminal
cases involving Juveniles, was defeat
| ed on final reading. Advocates of the
measure announced that they would
attempt to secure a reconsideration.
The Colgate House bill, providing
for creation Of special department
in the State Board of Health for the
restriction and prevention of social
diseases, was approved on final read
Ing The names of Senators Riddle
and King, who had sponsored a similar
measure in the Senate, were added TO
the bill.
The Senate passed the companion
bill to the blue-sky measure, which
makes obtaining money or property
through fraudulent sales of stock. or
attempted fraudulent sales a felony