Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-07-21
tSHRTMPY SENATOR SAYS
DUFFEY TO NEGLEY

A stormy ftgnt, In Wnlch oendLoE OuA-
fey called Senator Negley a "shrimpy
senator" took place on the floor or the
senate today after an amendment to the
blue sky" law had been offered by Sen
ator Rats.
With the amendment, section il OF the
bill provides that "any person who shall,
withintent to defraud another, knowingly
make any false statement of material
existing fact advocating the purchase OF
stock or concerning the property Of the
corporation, It's assets and liabilities, the
character Of its securities or any other
statement knowingly designed to mislead
prospective purchasers of any securities
offered Tor SALE shall be deemed guilty
Of felony and upon conviction thereof
shall be fined not less than $lCO, nor more
than $4,000, or Imprisonment for not less
than one year nor more than five years,
or both"
The amendment over which the discus
sion arose was the clause "of a material
existing fact"
Several of the members of the senate
toook the stand that where prosecution
for false statement is TO be effected the
statemen mus DE of a material existing
fact.
Others declared that the adoption OF
the amendment would tend to weaken
and kill the entire bill.
Senator Dufey declared that the
adoption of the amendment is but a
parallel suggestion to striking out the
enactment clause.
SENATOR RATS
WAVES ANGRY.
Il resent the insinuation." cried Sena-
TOT Rats, jumping to his feet.
Your statements are absolutely false.
Il amt 40 N
whether the amendment should pass or
not. but you have no right to question
ones motives.
There is no reason for fourfiushing.
We are here on legitimate business.
IT am not interested in selling bonds,
nor am l representing any bonding
house.
II am not trying to get headlines in the
newspapers.
The statements made against me are
false and Senator Duffey lacks Legitimate
information" he declared
Il know from where the source OF in
formation comes" replied Senator Dufey.
Senator Negley arose TO his feet.
Some friends of mine ask me why we
do not pass the BILL he said, "and l try
to explain 10 them that by passing a bin
Of this sort without amendments would
make Indiana the laughing stock OF the
whole country.
THE bill is unconstitutional as II
comes from the house.
SAYS HOUSE PASSED
IT WITH EYES SHUT.
"But few OF the members Of the house
knew of the real contents OF the bill.
They passed Il under suspension OF con
stitutional rules and without q com-
plete reading.
1T is a peculiar habit Of the house to
pass bills without examining them, hop
ing that the senate will fix them in
proper shape.
THAT is what makes more work for u.s.
At the present moment the house is ad-
iourned, while we are trying 10 remedy
their mistakes" he said.
Senator Negley accused Senator Duf-
fey Of playing to the grandstand."
Il resent the statement made by the
shrimpy senator, but viii take the re-
marks as a man." replied Senator Duffey
holly.
Senator STROBE rose 20 a point OF order
demanding that the debate conflne itself
to the amendment.
At the close Of the motion the amend
ment was adopted by a vote Of 10 to Is,
and the senate was adjourned until ?
o'clock