The Dolores star. [volume] (Dolores, Montezuma County, Colo.) 1901-current, 1919-04-04
CONFERENCE LIKELY
HOUSE PASSES BLUE-skY BILL
ON SECOND READING.
knauss-Psterson Measure Has Al.
ready Been Passed by the
Senate.

Denver.-DifferenceS between the
Republicans of the two houses of the
Legislature in the matter of legislation
to curb fake promotion schemes and
10 regulate legitimate sales of specu-
lative 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 bue-sky bill.
The Girard House bill! differs in many
respects from the Senate measurs,
which calls for a commission to pass
on the reasonab!eness of speculative
securities and to drive the wildcatter
from the state. The Girard bill Is
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 flied with the secretary
of states office. Indications are that
the Senate and House measures will
20 to conference, as the Senate meas
ure is now slumbering in the House
judiciary committee, and n 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. e1-
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 it mandatory
| upon the part of newspapers and other
publications carrying advertisements
of speculative securities to first verify
the authenticity of the companyS
| standing. If advertisements of n com
pany, whether Incorporated in Colo
q
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 co 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 farthes,
away from the head waters. Also
was passed the Colgate and Gardner
House bill appropriating $4,000 as Il
fund for the eradication of predatory
animals, in conjunction with the gov
ernment 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.
CoIorado'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 S2.0OO,0OO is expected to be
added to the road fund in 1920, passed
On final reading. The revenues in
1919 will approximate 100000.
The Dunklec 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
hrveul he 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-
tion of armories ut Denver. Colorado
Springs and Trinidad passed the
House on second reading after an UNI
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
| $4,000 TO 100000 WAS coupled to
the bill before it was passed.
The Wilson BashOr bill. which aims
IN clear I'm the records of owners of