Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1919-03-12
BILL TO PROTECT
STOCK INVESTORS
Measure in Assembly Prevents
Sale of Bogus Securities.
ALL MUST OBTAIN PERMITS
Rail Body Would Enforce Provisions
OF Proposed Act--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 C. c. COe OF
Barron county
The Wisconsin railroad commission
is given power to enforce the prOvi-
| sions Of the measure. Persons desiring
/ 10 sell stock In this state must file
their application with the railroad
commission. Upon the filing Of such
application 1t shall be the duty of the
commission TO examine II and the
other papers and documents filed
! Herewith. II may also make an In
speclion. 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
J unlaw full, unfair or lnequitable. and
| that he applicant intends to honestly
| transact business. and that the Sc
cu,!des it proposes TO Issue are not
| fraudulent the commission shall per
| nit the authorization and sale of the
stock.
BY n vote Of II II 10 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 vote Of
1S to -. Senator Fons. Milwaukee.
| changed his vote on final passage.
The senate advanced the bill appr0pri-
atlng $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
olutlon for a. 00-day session of the
legislature, also the Masiakcwski bill
for unanimous decisions of the SUI
prelne court TO declare law unconstl-
tutlonal
The Coe bill giving women Of Wis
consin the right to vote for presiden-
tlal 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 the status of the
hll which will probably come to 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 It thinks Of
him.
Addressing Liberty bond mass
meeting at the stock pavilion on April
Doctor McElroy claims he was so
shocked at the lack Of loyalty and en-
thusiasm as he unfolded what he CON
sldered one of his best patriotic
speeches that he hurled this challenge
at regiment of cadets:
81 think you're bunch of damned
traitors"
A poll of members of the legislature
has failed TO bring To Hight anyone
who feels that any such challenge was
uttered loud enough for the students
20 hear II. but since Doctor McElroy
Insists that he called a regiment of
.adets "a bunch of traitors" Il is pro-
posed to Introduce resolution taking
issue with ard condemning him for
what he said. A copy of the resolu-
| ton will he sent 10 the committee OF
congress which Is investigating the ac-
dyIties of the Security league.
The assembly tabled the Johnson
| nill TO forbid the teaching of foreign
| languages In Wisconsin schools after
Il 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 60 perpe,uate GermaniC
tend5ncles in their children in Amer
lea through :he German tongue. Ii 1,
time the residents In America were
taught To be Americans and not by
phenates."
Though this bin is killed. another
hill by Assemblyman Fons of AIilwau
kee, less drastic. is Stin awaiting &C
ton.
In the senate the assembly resolu
ton approving the Wilson program fol
league Of nations was unanimously
adopted.