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Show I CITHER DATA j OFMUE Lrtah Commissioner at An-nual An-nual Set-ion Held in 1 ; Milwaukee r J Raker C. Hlcka,- secretary of the s ft, teh securities commission, who attended at-tended lh Nstlonsr Association of f-urltles Commissioners of the I ntted Statee, which was held In - Sltlwausee. returned home today. ports upon any' western mining or natural reeource prolects wblch our - Intel-mountain Intereate oe aired to offer to tho Inveatlng pub. lie of their sections. This plan met with the approval of practically all of the commlealoners and an agreement agree-ment was reached whereby no application ap-plication will be considered by any state until the eoropeny has paaeed the aecuritles commission of Its swa state and In caaea where the home state baa no comnclealon. the company com-pany must qualify In a state where the commliilon baa maintained a proper standard of efficiency la dealing with Inveetment projects. With the undertasndlng that our weatern projects would receive felr consideration In the future, we went ea record as fsvorlng federal lag-Illation lag-Illation that will asalat the states In the prevention of fraud la the sale of securities. . "I took tho position during my sddress to ths convention that If the eaat and the south ars going to -continue to use the output of our ml nee In the manufacturing eetab-llehmenta eetab-llehmenta and the metal production Is rrelng to keep abreast of manufactur-ng. manufactur-ng. the Beat and the South must unite in sharing with ua then- portion of tho haaarda and rlaks encountered In the dlacovery of new mlnee and In fx meeting wss ths largsts ever e"'d by the ergentxatlon. aald Mr. eH'rke, and ths relationship of the evmmlsslons to ths development of e-e national resources of ths latsr- nuntstn west wss one of the prln-, prln-, Yipal topics discussed. Bald Mr. Hicks: "Congressmsn K. T- liaison d-llvsred in addreea pa the TVnlson bill. In his sddress be eld that the bill had been prepared ev represratatlves of tho Notional eoclettos of Securities Commts-' Commts-' Sinners snd representatives of ths Investment Bankers assodstlon. Hs knoke briefly of what was hoped to J scrompllshed by ths psssage of 4he bill, but also ssld that hs sn-eertalned sn-eertalned little hope for lis paeeage 4n the coming session of congress -vnlets the seeurtMes commissions: ovould get behind the bill as a unit and work with tha ssaato for Its the development of our mineral re-sourcee re-sourcee which ars absolutely vllal-to the Induetrtal auceeee of the whole country. My position wss fully supported sup-ported ny all of the Weatern com-' mtsalonera and a number of Beaters commlaalonera. I believe that our Weatern Industrhte will receive mors favorable eonalderatlon as a reeult of the definite atand taken by all of tha Westsrn men at the convention. "Maurice U Mendenhall. the Indiana Indi-ana commissioner, waa sleeted president presi-dent of the organisation snd hss the appointment of the national sxscutlvs committee. He Is sntlraly In sympathy sym-pathy with our viewpoint relative lo eecurltlea and baa assured us that our Intereets will be properly represented on tho national executive committee." 0as.Ra. ' . yMtt QlfJUmBi ' " wpatern rapreatntattvaa. to ethr with aotn of tha aetrn fimml'ilontri, Mrured from Mr. )fo nni aMrMk, polnta that wara Of vital ntrft u lham and to tha ntrrittii of thlr lUln. W dectd-t dectd-t that thara wara maajr thlngi la ot Mil which wera tlacldt-dl i rm ftil to tha 1nttreata la tha wait nJ that throofh lta axamptlona. It J larad Into tha handa of tha inrat-l):nt inrat-l):nt banfc4ra araaoliatloa, which rhar oraanlaatlon. auch aa tha a'ork xchanra of tha waat would b aarloualy crlpplad. If not wm-pifialjr wm-pifialjr wIpm! atit by aoma of lta ierrriL Purina; tha haatad dtacna-jma dtacna-jma whirh fnllowad, all of a who vi.rnte'd wratarn atatea took tha -f."itlon that tha atrlnftant rula-i rula-i 'tna put on wntr aecurltlf by 4- nny aaatrn atat-a pravantad our efts-enatv-rn lnduatrla from financlna In ' financial caataro of tha a a at -r.j consequently wa could not auu-T'H auu-T'H any masura which had for lta -it further reatralnt. 1 "Many of tha eastern and mlddla '.v ant mmmlaalonera took tha poal-t poal-t f that they wra not dlacrlnilnat-r"c dlacrlnilnat-r"c aaatnat western projects, but T "intatned that fraudulent and an- Tiihorised in teres a In tha waat ive dtacrefllt-ifi ml nine; aa wcTI aa f'hr weatern enterprlaea. They, iTrevar, did not deny that tha ru-"rltv ru-"rltv of fraudulent ahema rir at In mlnlnf arockt and for rala- 2 f iind on other project a had i filiated In th eaat and tha waat -. not raaponalMa for tham. KKroiiTi rnoanaicTiv . . ' "K coprat!a plan of operation i fhn ofrerad to tha com ml a-o a-o inera lh whlrh wa arreed to auh-' auh-' !t la eastern commiitnnri tm- |