The Bridgeport times and evening farmer., 1921-03-07
HAKD1NC TAXES UP PANAMA SQJZA BIBLE:
 REPUBLIC ATTACKS HUGHES ()V N7)TE,
BANKERS VOR BLUE SKYLAW
 ON FAKE STOCK

Bridgeport bankers are prett, much of a. mind that Connection
 ought to have-the Blue Sky legisla
 sTa slon' oaBut. But Bridgeport security dealer
 speaking through such men as Ed
 mund C. Wolfe, president of Firs
 Nat Maaional bank and Charles E.. Hough
 bank, are convinced that the hawk.
 ing of worthless securities should he stopped by law. The contrary oDin.
 o ron IS voiced by William T. Hincks who will appear against House RilI 1
 and Senate Bill giving control of sea
 Gurlt1es to the Bank Commissioners
 noon. '-ii' sAA ter
 Bridgeport has suffered greatly by
 the operations of dealers in wo~+S,asss ns
 1S5 securities Many operations of this
 E kInd nave been exposed by The Times
 some some or the operators have folded
 Ine1r tents in the night time others
 have struggled against the iirht af business. ioSAas
 Snouid the state take steps to re- alcr the sale of questionable stocks promotion schemes or in otI, e,- S,eo.II1 enact what is known in states wbera oney nave hem as a "blue sky'' law
 I1mes man has been trying to n,iii.n e opInton of men who are fa- some of the results of bis ir,o,,, anu are given below. ies ~ Ine first man asked was Edmund tionH, woiIe, & president of the First Na- emphatic II! in his reply. was very am in favor of it." he said CT ,nan nnanR we should have one bv all too nc,,,, There has been altogether stocks and securities not oni7, oi but all through Conneoti cut Many of these are falres 1,.itt- i,o iness ueeent t patents or prospect of bus oy quantities of people who aro I soIu to get their commissin,,S t1,n e[e IS no way of telling how -sreaf ;-,I sun, or money is which has been invested in these worthless scb araal Deen Tor 1t Is all taken out of tbe ineiiies oitI' mere is no doubt it has bea1 .arse ana there should be a. sfon M e oe It. am most certainly in fator oI law to prevent it. oi
 The newspapers are fu1,v as ,,,,o,, CeSpohsIDle for the success of +baca schemes as any person for thev adTn;+ SneiT I1 advertising to their columns iorsn ~ they tney ao not in any way en- many people who unconsciouslv ress l son that If thing appears in fba newspaper it must have some 1,7erit lnd are in this way led to invest If | 'ucn papers as the New York Times ma the Tribune can refuse to take any such advertisement until thev nave assured themselves of the stand
 ns or the concern and the value Of why Connecticut papers can not he safe thing. It would help much o stanmp out the evil.'' seward Price. o fthe Chamber of commerce., said: '"The need of such
 law is great but such legisla ton is raught with danger. Unless the act made very clear and direct clever orPoration lawyers can so evade it's coalitions as to make the very in trumnet which was intended to rush, not only harmless, but an sc- |. lal aid to the dealer in worthless rocks. I have seen this happen in ne state"
 Charles F. Hough. Vice Presid ent ] I the Cfty National Bank, was of the pinion that it should be enco1Ir1 ged-'' That "every fair minded man hould be in favor of it."
 William T. Hincks of Hincls seen in his offices on Main , treet, declared himself against such