New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1920-03-26
from being snapped for practically
worthless, highly speculative stocks
and to protect capital genrally.

4
and to protect capital genrally.
Provisions in v%oistead's Bill.
This new measure would enlarge ex-
listing law and provide an entirely new
remedy for its enforcement. 1t seeks
to prevent the commission Of fraud be-
fore it Is consummated, while under
existing law frauds can be punished
only after they have been perpetrated.
Then. too, the existing law covers oniy
frauds through the medium OF the
mails, while Representative Volstead
proposes to include all instrumental
Ties of interstate cOmmerce-teiepnohe'
telegraph, express companies, etc. MI.
Volstead thinks ii Is probable no near
ings will be held upon this bill. be-
cause extensive hearings have been
held on the general principle of blue
sky" legislation and they are In print
ed form, available for all members OF
congress.
Ii will expedite passage of this safe
guard, he thinks. to eliminate further
hearings. He expects to have the
measure passed before June, when con-
gress hopes to recess In time 1or the
political conventions. The Nolsteau
bill provides that if It shall appear TO
the attorney general that In the issu-
ance, sale, promotion, negotiation OF
distribution of any stocks, bonds, notes
or other securities that vol the
use of the mails or any agency OF III
terstate or foreign commerce, any per-
son, partnership or corporation Is ell
ploying or about to employ any device
scheme or article to defraud or for oD-
tanning money or property by means OF
any false or fraudulent pretense, rep
resentation or promise, and he believes
II to be in the interest of the puDilc
that an investigation be made with a
view to the issuance of an order, as
provided in the bill, he may require
such person, partnership or corporation
TO file with him "A statement In Writ
ing, under oath.
Washington a Changed City.
The announcement by the bureau
OF the census the other day that
Washington now has a popula-
ton of 4O7 900 was Il reminder that
the world war made over the capital OF
the United States. With the deciara-
ton of war against Germany in April,
1917, the sleepy. slow-going, self-satis-
fled city by the Potomac began to take
on new life, and that process continued
until the old Washington disappeared
never to return. The activities or wa
nut a vigor into the capital that it had
never known before. Outsiders broush'
in the new spirit the native inhab'
itants caught it and have retained IL
The capital is not an industrial city
and unless there should be n revolution
in sentiment among Its people it never
will be-. TO make it the ideal capita
of the world is the ambition or III
inhabitants. With the passing of wa
activities il Is doing things In n blgge
way than ever before. Its commercial
bodies, the merchants II manufa
turers' associations, the board O
trade and the chamber of commerce
are developing into live bodies. lie
Gently "A city club with some 1900 bus
ness and professional men as mem
bers has been organized, and promise
to be another important factor in tn
; new development.
Seek the Right to Vote.
Most of the local people still believ
some obstacles to genuine progress
> exist. The denial OF the ballot Is RI
garded as one of the obstacles. Jus
now a very vigorous campaign In fave
of legislation by congress that WI
/, confer the right of suffrage IL ben
waged. According to the campaigner'
IL is un-American that the men an
women of legal age I'm the capital eli
of the land should be denied the RICH
!, or privilege to vote In that city. Col
gress listens attentively, but does NJ
do anything on the subject. II shoul
be said that not all the inhabitants
8 the District of Columbia Join In u
n clamor for the vote some Of them al
!. dispoaed to believe that, after all, II
A. existing system OF government throul
a board of commissioners appointed !
!, the president IL sound and satisfactor
But the agitation for the bailot-ti
right to choose the governing ofice
=. nv direct vote-will go on. and 1t w
=, no no SUNRISE II congress yields Oh
m OF these times.
- The question of how the expense
,t running the District Of Columbia go
10 eminent should be borne is a live OF
:, II has been argued In many congress
n and apparently Is as far from sett
n ment ~ ever. A. present, n for
period running back many years, wh
90 is known as a half m hair pl
has been In force. Under this plan
.. federal government agrees TO and Do
= annronrinte one dollar for the ~
a, ming Q of the district for eve
dollar raised in the district by tai
,,on The house of representatives
several years has been voting TO !
ed this arrangement but the senate }
Mt thus far supported 1t successfully.
'e Theory OF "half and Halt" Plan
The arrangement was entered Il
- ON the theory that the capital G
"a belonged to the whole country thai
vas TO be maintained as their pr
and 10y. and that. such being the r
az one-half of the expense Of the capl
ri. city government should be paid IT
ar. the general fund Of the treasury
a.. partrpent, a fund to which the VII
country contributed. Another ar
mept m favor of the plan Is that
federal government actually oV