Newspaper Page Text
Mbuquerque Morning Journal, Wednesday, November 8, 1916.
Thre BLUE SKY LAWS BEING ENAGTED nv Minor c Dl iviunc j TATTC iniLU higan Ml, I nth 1; IcoU ogou, ..m.-as ii- t' i h have Wis- and is of V" up- North geasures to Protect Credulous Investors Against Sales of Worthless Stocks and Bonds Are Generally Taken, lou' less kin id' a? i r2 z sr. in. ,nvfSf, ' - : S measure tr- '"V'M"'-:1 ..I to loive I ws CIII'Mili- - t ! ""-"''1 in""1'!'1'' "f en- t0 .C.bv -night" securities, rase. before the prem , , ,mi argued together m October, fflf n'crncd the ,-r..TU.y hr blue sky '11WS of 'n'"' s""t1 Jnrta a.ul Michigan. AM had been , m national t,y low. fedcr ',?. and their enforcement by " alp o , L rae enjoined while the iSmS appealed. The original Ohio L 1913 was amended Februan u by the rtat legislature to ,' alleged defecU of the loath Da-SS- d Michigan laws. The Bouth 1,. of March II, and ffikhlgan law of April .lt5, re. Iinir the Old 1911 not winch had fiS held void, wore substantially mod after the ''model-' blue sky h,. drawn by a committee of the Nn- Socvlation of Attorneys doner follows the 1914 convention. Two principal Points upon which the Ohio South Dakota and Michigan t.fi, . . I', 0,1 'UI till"! ...... Mi been tut cousin, 1 North In held the Carolina ami Oregon law. (iino aw Doctored i nronatitutlonnl The Ohio law as mien, h d in itir auance of a state constitutional amendment of 1912 w.i declared oh constitutional bj Federal Judgga tvatrinaton Sator ami Mnlllelnr '..li- rttvry IO, l'.C.fi, sitting at Cincinnati, and an Injunction proh'htting Iti Wi forcement was Riven against Attorney Qeneral Turner and Harry T. Hall, state hank superintendent, In three suits, brought i.y the Gelger-Jonea Co., security underwriters of Canton, (.; Don C. roultrap .its sales agent, and William, it, Rose, aecurtty sales man for the Richard Auto Manufac turing Co., a si Virginia corpora tion. RoM was convicted under the penal sections au,l was awaiting sen tence. Federal Judges Donnlson, Sessions and Tuttte hi 1,1 the new triso the old) Michigan law void, enjoining Ita enforcement, In suits against Attor ney Central Fellows and tho state treasurer and banking commission, i , oust it ut iti u the Michigan Securities ELECTRIC POWER QUESTIONS UP ,1 Commlaalt 1 Plalntlffa were Tr I.ee. Ilig curity iU looted The So elared m horn, T. ' ember II torney 0 Commissi Bita mlnet slate sec enforcemi Sioux Kal Ham and la,, aaleai N, vV incniei Hank of Chicago; ft CO., and other so und corporations uf ith Wh Mi inknta statute was Be by Federal Judges Ban- mger and Blltott, Nov- 15, who restrained At ,1 Caldwell. (Insurance O'Brien ami Public gfield comprising the commission from its latalnlng a suit of the k Yards Co.. and Vil- , Uorley of sioux city, ' stock yards securities. in ing prosecuted un provisions. e caaea the investment icintlnn Of America in- ' friend of the court'' 1 before the Supreme rmer Attorney Ceneral wi, kenham and Robert it. Reed, its counsel, attacking the laws as inler- I farina with Interstate commerce In Th tti th il 1 H; I te I In ourt b f. i th.. lower courts Were Borden Interstate ommerce Tint thev unduly burden Interstate commerce, of which slocks bonda and ether securities were declared to be Instrumentalities, and that the aw exceed the states' police powers of local supervision. The states, however, contended that l.mi (rniiil onlv and inl ine avwi c 1 -; - . . ghj the original Kansas type of brae ..ky legislation, do not attempt to pre vont unwise investments. Also they f,, mended that the laws do not re utrlct or burden interstate commerce, applying only to sales within the dates, and in preventing frauds upon their citizens are a normal, wise and perrentlttve exercise of state police powers. generally, Ibc laws provide for ex aminations Of securities, proapeerua rt, and other in formation by state secur- p, tty eommisalons, or othei officials: 11 I erl eenalng Of dealers, and penalties Of j Jl 000 fines and one year's Imprison-In, MB) for violatlona, The Ohio law,;,,,, however, applies only to sales withm j llio state m securities on property out- nn side of the state, tho South Dakota ,,,, and Michigan laws applying to both. j tt Also, the laws generally exempt cer--, tain securities, Including those Hated j U. m slock and other exchangee, of na- ttoratnnd state hank trust and hliild inc and loan company securities; rea II estate transactions, includliiB mort gaKos; secured commercial paper, ln- eluding promlaOry notes; and are eat 11 not to restrict Individual transactions. The Ohio law, also, does not prohibit mail order sales. Restrictions Reported In States The twenty-six states reported to kaM the blue sky ragitiatiene are An ions Knnsns fiilifornla, Connecti' a' HerMa, Cieorula, Idaho, Iowa. Kan- , has. Louisiana, Maine, Michigan.. Montana, Nebraska, North Carolina, North Dakota, Ohio, Oregon, South Carolina, South Ia.kota, Tennessee j Texas, Vermont, West Virginia and , Wisconsin. In addressing the Supremo Coufi, I the National Assocailion of Attorneys r.eneral said the legislation was In re- sponse to the Increased flotation of tfaBlulent securities during 'ho last I twenty years, causing loss Of 100. Mlfl.iiOO annually. The association asked the court to uphold the legis lation, particularly as meteoric value of slocks due to the war has given new impetus to issues, and purchase by the public of fraudulent securities Of the blue sky laws enacted, the Knnsas act, the West Virginia law of HU and the Iowa statute, in addition te those of fiiijo. Michigan and South beketa, have been held void by lower irts. Rills for such laws in ln tWaaa n r Colorado, in 1913. were ve Ur; a Washington law was defeated ky popular referendum in 101",. 11' - ed statutes differing materially frrm tho model statute adopt, d by I normal transactions in scoliotics AMU IP ! llllll II I Ul III U II I .11 U I I Mill UL.II I I U U U I I Will ' BY SUBMARINE V MOHNINO JOURNAL ISBCIAk Lf SH WISIJ nardiff. Nov. 7. The steamship Lanao, which was sunk hy a suluna fiber 18, Inland, t "id Stat, was under rniup as fl) Ing the Am- j Ing to ajatententa .. ...V t I ... I'.,., 1 1 II h- ,.l 'v.,-iei,n ' l",w's , the other officers LanaO were land orwegian itcamer ng looked after hy sul IjUthrop until the Lanao own company Kindle: Manila will Mill aiuship Captain Mainland tho Lanao rice from ubma rlne the after- IN UTAH SUII Incidentally, Some of the Most Fundamental Principals of States' Rights Are Before Supreme Couit, l MaaNMM ,uni i nn Washington, Nov par-reachng itions affiitiuir electric power ue- telonmeni In man. Colorado. Idaho, Nebraska, Nevada, CaUfornla ar.d o'h- j or "public land" states and inciden- j tally presenting some of the most fun ; dmnental nueatfena of states lights to ! come before the supreme pen ft in I main years, Were involved iii the go- er A River Power company from public lands m the Wasatoh and Killmoic I foreel reaervaUona in Utah. Both companies ate t'oloiado nu -P, nations. The cases involve directly federal or slate control of power sites I on non-navigable streams on the pub- I lie domain. The power companies i nat.mli.alAn Fenm tftatl to ,teelop """ ! .. waler power In the fOreBl I esorvatlons ! for "pilhllc" purposes. Ill COUrt, they i colli, 'in let the state not the fedeial ! government had authority to penult I use of public lands in developing pub- He resources Within their DOral is. ow n on government land. 1 1 iiorai Control in Utah fWurta, federal control as against state con trol was sustained In the Utah feder al courts, which ordered the power Companies ousted from tho federal domain and directing removal Of their, equipment unless they received per mits under regulations of the Inteiiorl and agriculture departments in accord with the federal conservation policy, j Upon the appeal similar proceed-, Lngl against many other power com-j panies in public land states were held in abeyance, ftah. Colorado. Idaho. Nevada and I Nebraska, through their attorney gen eral. Intervened in the DIM DOCauae ol their effect upon immense re-1 sources. If the states were allowed I to develop those resources WtthOUt j federal supervision, the govcrnineiit : contended, every valuable power site, and possibly timber, Oh western PUO I lie reservations soon would be owned. by private corporations and 'thus ae . , i i hi. .... i... ...... t ,i t,t . I, I I siroy m one on' an ! mini m the (fedeial) plan of conser-1 I ration." claim tuihorltj to Devewp- on the other hand, the puMIe land 'states contended that, as sovereign slates, they had authority, to t no ex clusion Of the lederal government, in developing resources for puMlo pur-; I . ,. oi.it, their hordera. even to' (lis use of federal land, and that de-1 nial of such authorltj would he an I nn iust dteorimlnatlon In favor of j itatea nol containing government, land. It was pointed out thai 80 per j cent of Utah's entire area and a largo, percentage of other western states isi federal domain. Ownership of the pontic domain n self was conceded by the states, own ... . ...Ilkl. ......1. .... orslllp or tile Winer Wllinn e,,. .. . gions was not directly queatlonM, but i the slates contended they had the right to make use ol the pubHo lands' In developing power resources, when j ,i, lauds wi rc not used for any gov - A SENSIBLE CIGARETTE IS EASY TO "MGESf No word can describe thai rhean reeling which often follows smoking a poorly-Mended but otherwise good l 1 I 1.1 .11 1 I! altilW Cigarette, mini a npnvur mipiiiu'canni uiuigcsuum J (hi thfe Other hand. Fatimas always rive comfort. They K nncilii out llilv '1 I !( I 1 1 " I I t v I I II ! Illl U U as can. Micst'' easily, smoothh Turkish blend cigarette leave a man feeling line and fit smoking day. 4 That's why men only a delicately balanced j And best of all. Fatimafl .v es, even after a lono;- eall Fatimas "sensible". jL Y M20 for f A SEN: SIBLE CIGARETTE I I IB eeaae f oaf I f I Lit on u i. IS GOMTlNUtD s nn i in in nunr i n i mi ini i n,is- U 111 I. VV. VV . UnuL I eaelied. M I I .Illl, Illl Said Ho ac tion would ho lakt n by hm until n verati officers had Id, nttru a ini intend to prosecute foi i n th, Ing and the Wreams hy m .and over th ernmental purpose I were non-navlgabh ' vate construction teiioiai iioiiiaio. ,t Live- Itlgbt to -al OTpwrmuuiw . ..v.,.- irot.nriant ouestions raised ln- arai eom-j annatruotlon of several nets of Germans re- f 1M;fi , moi, regard - I I O 1 1 1 - 289 Pe tody by iron ot Saigon tO Havre. The . . i , i... uhio late 111 noon, firing across her how. After the engines were reversed, two more ..hots were fired, llle capiaio ht none took effect. The sups pa- pers wore sent to the submarine, ..:, i. ..-.. iivo miles away. I n" Willie II " - Herman commander, speaking good i-h ci.i that hecause the l.anao '.. e'..,',vinir eontrahand, he was com . ,' ... h.l Till peuea r"-.-mt- , !, uMiiBiw- ', ,,.. moved some toousiuii.t i.v , inK state control over iihu.' ""' ' , steamer and treated the crew courte- o( r. .!.-.. l land. The lower MurtMM joumMkL WM1AL w,, nuelj -traneferring them to the rromP ,flllt the a-t of I8l gave to the states wash., Nov, 7 The Bno- half an hour after their boat was d- y,, rlgh1 tc grant corporation r w- BUthoritle. rted by stroyed. . . struction ror irngaiiou , .- .HI nollca. In whoae custodi i T t 1 1 i'ii i;m itJI ,ti ' i ' i.i.wnr ( 1 1 1 . 1 1 ) 1 1 ! 1 1 1 . I i " renort U the foregoing effect to A, , ,nP ,., of 1101. under which Waahmaton Th- morning papers, f )( , roK1Ii.,t ions for development Of n i n g i ' i he report' .- ,,in,l the lower curt give groat I ." " " ,v :"'"", '.''. . V. .. . . tvKfi atalutO. hell II rope. which allowed the states to gran) per mission for private use of pnhlie .. r,. I, ' ' . . mainl ands am .!" "t - tacturing, agricultural and other pur- the prwo looses" The federal rcgniaiions .-.-,,..,. , ! lacked as unauthorised by the 1101 1 thus far legislation provided that power com- been unal ileoa 11 III, ',i .i I" .. .r.r i ana l su '. German submaVTneTas an American h, ." Lloyd's report thai the veel ... , r ,,f American register was no n"is' - . has not yet heen published i Are Hold in Cus Soattlo Police for Connootoin With Sunday's i Fatal Clash, liSD persons are held In connection with Sunday's ratal clash betwkeen iiii'in hi t s r the tnduatrlal Workera Lana t wen coast her lied here The In ttie aurniio i ofr the Portuguese submarine, Novem , officer, who is a !C crew aho. nd th'' aink I he I .anao hy a j of the World I jWash., cltlaen forts today to imli 1' m hers ey wel itish ille SUFFERED SEVERELY EVERY MONTH Udy Tells What Cardui Did for Her and What It Will Do for Suffering Women. FIENDISH CRUELTIES BY VILLA'S BANDITS El fug' h ree;,wator Texas."! think Cardui Is indeed a wonderful medicine." says Mrs. Minnie Starnes, of this town. "In "Hi. I htoke down In health sud "ly .. I suffered agony. Had wiring rtown pains . . . aho my tag ami llmbf and hips . metime,; i wa ,n hod all the time sn,l again l was just ahle to he up. I wfferii most severejy at . . M would he confined to my bed four or five days. Nothing 1 did ever did me any good tntil I took Cardui, hut I suffered two Pari (his way before 1 took Cardui. One aay my husband . . saw tho arim advertisement, lie got me a I began taking it and next Jenth i never felt, any pain at all. did 1 my work without any trouble. . . Mr" Sarne Bays she did not take any more Cardui then until 1!0S, when h '"ok four bottles, with excellent results, aha , .,n t. ,t.... ..r statement -"n ine following ai, ,ou.i-.r:,i-li.iwiI Tex., Nov. A Mexican m chibua City who ar h,st night, brought the re port that Villa bandits bad so i. hair of two Mexican women lnol and had burned then, ttoUR "V0" 'T r,., d to'an eye-'lt- clHlincii i" i." . .u. He also ness oi ,,, . . . i.:ii nnmm;in' rr portea me u," ,, Crtbe had declared at Banta 1 U . V. ,,.i ,,, kill all Amore an" lliai ne nut....... and Chinese who were caught D forces. YOUR SICK CHILD re- Oenc ral hi? IMERK JtS BITCHKRED HV 'IVLA BANDS v,v 7 Art hut Tucson. Ariz., aov Wilhams. agent for an supply house in Chihuahua, reached yeaterdaj in a " after a chase bv Villa bandit .shooters in another car m thl c of who h u woman whoso is unknown here and WiMnn -diughter were killed. Wll wife was killed in Chihuahua ' ie.tiv l.efore the chaSS la gan here bile, har IS CQNSTIPftTED panics inn.-" m mits revocable for non-conrpllanci With present and future roles, fori power development projects on puo- hc lands, with annual rental charges based on horsepower developed I-,,, lH , ibe Utah Power -v wgnt and Heaver Itiver I'owrr -ompanvj rases differed. In the former the plant was elected, al Pleasant i.rove. Utah alb r its site was withdrawn hv residential proclamation as part or the Wasatch national forest reserva tion. In the I'.eaver Klver COmpana ee its project Was beg, ill III IH.L. and the land was not wu no a ., .... til l'Kifl Mso another power pro lee! of the latter company was partly ;,n private land although its conduit" ran over public ground. 1 he Boavei "1T company spent M0,M0 before ,i. govemmenl began the ouster pro- "judgments directing both eompin- o to remove their plants from th forest reserves, but refusing an ac counting to the government, erere 1ven on March 4. tttB. by the l.tah federal court. To Auction NK om, OOUnt) 1-an.l Santa Ko. Nov " -On November oavnu. . .... at 1 -.s I at the federal lanu one- ' - rVnct the United States government w s,d. at public auction, the OJo Canente or ...a Springs reservation of l,lfrr.n , thorough eluding -no ,we ,y - " " n. waya water rights. I no rw.".w . .. fnr from the settlement of ""ilf.glck, Isn't resting in Sierra cmni.j, some of the water rights. mi a posse of Everett, continued their et Identlfy from among h, men wiio actually shooting, Willie: ses ht fiom Everctl have pick out any men who ire al tho citizens on Men nub lie, the local headquarters the Industrial Workers ot the oti,i is gathering funds ami arrang for ihe defense of the men unner 1 1 est. Willis nt 1 1 Hayw I, gt nerai tary-trensuror, is expected to eoioe here Immediately after the gi n oral convention al Chicago November a and the mailer of engaging hlel I uunael will he lefl In his bands. The dl laratlon ef Fronli P. Walah, foi mer chairman of the federal Indus- trlal relations commlsalon that In would ii"l take the case was a dUHlp pointmenl t the local leaders, but they said Mi HayWOOd would engage suitable counsel. William Blaehman, mediation comratasloner of the United stales de partment of labor, who has boon on th,' Paalflc coast for several weeks In connection with the recent long shoremen's strike, has begun an In vestigation of the Industrial conditions at Everett With reference to Sunday s rioting ltfull from .liiiirmil Wmil A,l. Tlal Jgem mm. mm. amw mmmmmmmm is more than Shoe Polish It is composed of wax and oils so combined as to Rive a brilliant, lasting shine and to soften and preserve the leather. The ShinoiA Home Set The handiest, most efficient shoe shining set you can nuy ai any prwv. Sold at a nominal cost to ShiumA users. FOR HOME, GRIP OR AUTOMOBILE BIACK IAN WHITE At. all Pealem Take no substitute THI HOME SET d L LOOK 111 TONGUE cross, feverish or bilious, give "California Syrup of Figs." A IK...nMi.niit IHilLV JA 1 U Ul UtI i UC liUillllVOO iuvvvvi; CLASSIFIED ALPHABETICALLY Albuquerque Music Store W iiilll ' I'latios. Kecoros Ing and lulotnaUc Inatrumonts. IMaycr-l'lanos, Vlotrolas, sh, , i Music Ptano Iun Repairing, Phono 7i, WHI souiii Second 1PAH1 n 1 s "The Washington" Turkish Hatha and Demit Parlor in Conncotlon Por laultcs tmiv. Phone Mgl IOOS-10 u . Cewlrei what ails your chih laxative should he the first treatment givn , a al- litlb one ul of sorts nlltia mid a' t- Iroi iht Tariff Vil-IH'lllllll. I would advi" expeetant mo, Iters t.. pivo Cardu nw. it win relle ear I know self Judging from u""ty tho uepen.l on Cardui to 50u- if you suffer from any of the c"Oiplaints so common to women. Jt a bottle from your drug-gist to- vc all anxiety and is natural for them to have, for I had the expennece my- the exneriences of so usnnds of other women, you surely help Voi poll e.-tel n 1 -it y ami it h and trunk line tar iffing . St. 1 tea ithei tat - Pirrchaaes Sheriff Oallegoa' Reald Hast Ua Vegas, N M.. NOV, Raymond MalOUff has purchase, residence of Sheriff Roman .all ...i,,.u teitn exmres in January. Oallegoa likely will return ., at San Jose, at Mall to iff i ling nalur; (tongue that It'i ,elH are , cross, at Oth 1 1 lati, if sure sign in I -When stomach ach-ache, of 1 old. nia Syrup Plaaa met hant. were suspended hy the inier 'commerce commission todJ i.r til until Man o ritor: Sl ,ll e from .November - pendins: tnve.tigntion. provided for cancellation of the .pirea ent commodity tates on iron an, articles in carloads between these shai-i-1.0 Daawe N'wresjaher 2. hat V According .0 word sent the mu-Ihve scum by ' - Had. I . fast dre IP nigiio OoUiriea Ddei. vov r Hcnign.i iu'i s,ania r hom ,r' .. lenvine a son clsro. and a daughter, A rchulcta. r- M 1 Fran- Juanlta fail" to cleanse the Intle one's I ,,,,VN, H ,,d sweeten the sto d th'-v dearly lov Its pleasant 'nil dire, lions for b ibies, chll n It ages and for grown Hps printed on each nettle BS, ire of counterfeit flK syrups. Ask your druggist for a fin-cent bottle of "California Syrup of rigs; men aee that It Is mao nv mo ianiuiu Fig Syrup Company. AI.HI Ql 1 3UJI K ovn SHOP UIMH M' IMMI MlloN i:xMrt remodeling and repairing laglil mar hi IK! work. Sent, ,11 riries. New barrels Trigger pulls nil. -..-.I. Toleaooplc "ml other rl.l riitisi. fitosi, psi. no si "m CASH GROCERY 1 raile ai i ns pt i, . s. othera ' iillcos 1,11 Illl I I Illl, I , llllll' llllll, illl pails i,r the Phono 1 3ft0, II y a Co 1 v load In II lo, oh, lard llicr l Hi Cleaning and Prf8inR lANfNO i 11. AM) , i; IIK ISMIS" I 111 PltfCHHINfj Hulls Icancl and PrrSacd, PHONE sis. Ill N. TltfRIJ $1. Osteopathic Physicians mis MiiuiMKi u now t it Nolle R, I. IrntlJO Midi;, lies. Phonos I0SF1-8M. Office 717 Pacific Fish Market II s. Stone, Prop. I ISII iVM iilsll lls-l'III ITN HD BOBTAllliRB I',,-,. Deal Tey In All Parts of lily piiom: ti:i rum s. BBCOWfl Cleaning and Pressing H. I, Ml III M I . I 111 HI! Chaining. Pressing and Itopalrlng. n b i,i, 1 nt ami i" i'i 1 it IIH Mlltlll IMMI' PIONEER BAKERY s V II M.I, I Mi. Prop. ' TIM , OIjD III I I ltlil'." PIIOM. IBS. )I07 S. PtRflT Automobile and Carriage Painting sign Writing and Monograms PI, on, It 17 17 MONAIIAN gag North l'lr-1 Fancy Dry Goods N.-w goods continually Hie matter ol tilts tin. hollfaSJ season see I I III. , . I, bi lled C. M III I'll log. Ill ullablo for inc. I (Or I I ottoiis. MltS Phono 1.".:' M Il v-ON We I 'JO I - ad SHOE REPAIRING bi.n'l iIiioh jour old -linis, ftwnr Take lliein l SHIM, A SI'VPR, win. will make Hum about m good us now olios and Ihey sra much easier oil Hie Ic. l PIIOM ton 211 K. CKNTIt.M, AUTO REPAIRING Nl (ft t il M TO WOIIKS spe, ini attention . , , worlds for nil given tourists. makes nf cars. .I I HI U upper BEAUTY PARLORS Manpaptita Paryaat sousn llalr lues and Bcalp eidualvelj PHONE -ing. Maaktartng, 1 1 , atm, nt for I acial ladles Hasiy Delivery and Messenger Service hone in I. Mi I I v 1 ourth Klock, the Builder GENER Mi I r on. Hi s ( UN I It ( KUIS All ..ik I ii r 1 1 l-l 1 1 t . uai auletd. "Square Deal" Grn& 1 lo name meajlS a lot li lis. Ho,- it in, 'an anything to yesif COMB am i.iri's OBTS i tf UNT1 H piioni; iiti til w. copper TRANSFER LINfc ,1 II -III I IT.EIl MdiElt Hauls anything. Special alteniiou given to moling and plttuo liaitl liilt. TruuU taken in all parts of . in phi in 1 s m:,- 1 11 ' Of fli-c-Sales Suihl. 219 W. IVippcr ... ... . . , ., I It V Ill.llli. I Phone 17". oil . n-iimu m ,tm a ........ - 'BfJMMaaaaaaaaBl 1 and give a a fair trial. points.