The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1922-04-06
PROVISIONS MADE
BY DEM|s0N BILL
Committee Report on Bill That
Would Cripple Mining Industry
Partially Printed; Also
Offsetting Activities

Interest in the progress of the
Denison bill (H. R. 10598) "to
prevent the use of United States
mails and other agencies of inter-
state commerce for transporting and
for promoting the sale of securities
contrary to the laws Of the states"
which is scheduled to be voted up
on in the house of representatives
this week, continues unabated in
this city. 1t is the generally ac-
cepted opinion here, particularly
among mining men and those who
have taken the trouble to investi-
gate the matter, that the bill, if it
becomes law in its present form,
will practically stop all development
of mining properties and oil pros
poets in this state, to certain detri-
ment of the states best interests.
The evil of fraudulent stock pro-
motions is fully recognized and it
is held that steps should be taken
to prevent same, but not at the
expense Of killing the mining indus
try.
One activity that has undoubted-
ly been highly effective in COM
batting the Denison bill is the
sending Of kilograms to 25 news
papers published in communities in
other states that would be injured
by the passage of the bill, as well
as kilograms of protest sent to
Congressman Arentz and Nevada's
two senators at Washington, through
The Silver State, money for this
purpose being furnished by the fol-
lowing interested parties, whose
names also were included in the
kilograms of protest:
P. E. Born, ]. E. Cooney, VIM. E.
Moore, A. c. Brown, X. G. Lamb,
Verdi Lumber Co., ]. w. Davey,
c. G.. Smith, Chas. w. Guthrie, F.
Germain, G. W. Warmoth, Clyde
M. Ross, H. Cocks, Oliverius &
Minor, L. E. Sewers, T. H. Murphy,
Assemblyman Thos. Defenbaugh,
Carlson Bros, F. C. Robins, E. H.
Brown, R. c. Bergwin, B. ]. Loinaz,
A. A. Wendell, d. D. s., L. G..
Campbell, r. o. Morrall, H. G.
Oastler, Winnemucca Mercantile
Co., and w. G. Adamson.
That powerful influences are at
work to protest against the un-
fairness of the Denison bill is in
dicated by a telegram received
yesterday by The Silver State from
the Texas Oil Ledger, which is
perhaps the most influential and
certainly the largest newspaper rep
resenting the oil mems interests in
the United States. That the bill was
to be voted upon this week, it be-
comes more and more apparent,
was not generally known until the
kilograms sent from The Silver
State were received by various
newspapers, for, as with the rest,
the Oil Ledger had nothing to say
in the most recent copy of that
newspaper available, concerning the
Denison bill. The telegram sent
to The Silver State, which fully in
dicates the seriousness Of the situ-
alton as viewed by the Texas Oil
Ledger, follows:
eft Worth, Texas, April 5, 1922.
"The Silver State, Winnemucca,
Nevada:
eve have heard from both our
congressman and senator regarding
the Denison bill and are making
preparations to send man to Wash
ington to represent Midcontinent
and other interests. We appreciate
the menace to all promotion that
this bill carries. Nevada's fight
is also Texas fight.
"TEXAS OIL LEDGER"
Newspapers generally in this state
and California, and probably in 9TH
er states that would be injured by
the passage of the Denison bill in
its present form, are taking up
the matter, though some of the
publishers seem slow to grasp the
danger of the bill. The San Fran
cisco Chronicle of yesterday april
81 published an editorial in which
it was stated that the bill is un-
constitutional, wrong in principle
of application, and that the Denison
bill SHOULD not pass no matter
how serious the conditions which
it is designed to correct"
The Salt Lake City (Utah) Tribune
received in this city today contains
an article concerning the Denison
bill in which mining and stock ex-
change men are quoted as. follows:
"Local mining men, investment
bankers and others engaged in busi-
ness here fail to see, through care
full examination of the bill, wherein
the section above quoted is not
serious menace to Utah business,
and we shall certainly appreciate
very thorough investigation on
the part of our senators and repre-
sentatives in Washington"
A letter received by The Silver
State from A. j. Crowley, super