The Arvada enterprise., 1919-04-03
CONFERENCE likely
HOUSE PASSES DLUE.skY OlLl
ON SECOND READING.
knavss. PstsrssN Measure Has A.
ready BEEN Passsd " the
Senate.

0Ou00ys
Western Newspaper Union News Service
Denver.-Dlffsrsncss between tho
Republicans of the two houses OF the
Legislature In the matter Of legislation
to curb fake promotion achemes and
10 regulate legitimate sales Of spscu-
lativs stocks in Colorado came to a
showdown whom the House passed on
second reading the Girard- Fairfield
blue-sky bill mo. 44S). 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 4 commission to pass
OH the rsasonablsness of speculative
securities and to drive the wildcatter
from he state. The 0rard bill 10 \
publicity measure. aimed to aid the
public by protecting the honest pro-
motor Of stocks. There y NO sscuri-
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
20 to conference. a. the Senate meas
urs 10 now Numbering In the House
judiciary committee, and q like fate
will meet the House bill when It
reaches the Senate. Democrats are in
the majority In the Senate. The blue
sky bill 10 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
cluds 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. II advertisements Of 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 IL held liable under the
law.
The Bashor House bill giving 90 per
cent OF land owners along an irrigH-
ton lateral the power to incorporate
and condemn the ditch water rights
Of the other 20 per cent was passed In
The Senate. The object Of the measure
was to protect landhOlders farthesl
nwny from the head waters. Alsc
was passed the Colgate and Gardner
House bill approprinting $4,000 rs d
fund for the eradication Of predatory
animals. In conjunction with the gov
eminent. The fund will be admins
tered by the state game and fish com
missioner. and will he added to by the
government Biological Survey, which
VIII cooperate WIN the STATE OIticerH
Final victory over Obstructionlsts ID
the lower house Of the General Assem-
bly, was achieved by proponents al
medical care Of school children. with
"hiy hrea negative woes 'hc DOWNING
iii providing authority for schOO
boards to employ physicians, nursci
md dentists to aid In safeguarding the
h'a'!n OF sc"""' pupils was passed Oh
mira reading
Co'ors"os proposed good ROAD leg
'S'"tioh wa" showed Mn"'h"r step FOR
"srd III the HOUSE OF Representatives
"hen the thr'e ROAD "'''"' ny which
y" 80" , ~ .A' 800 :" IN
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Inc puhk'ts"s '"rkwsather senate
"''' allowing cities OF the nrst and