Salt Lake Herald-Republican | 1918-09-08 | Page 36 | Sale of Speculative Issues to be Curbed

I II I I I I i SALE OF SPECULATIVE ISSUES TO BE CURBED 1 I Washington ton Sopt 7 7 7 Plans for or r strangling hundreds strangling hundreds fI of or millions of oC dol dolI dollars lars Is worth of or oil stocks and other spec spec- securities which tho the govern r l considers unnecessary J In hi the thc war tear emergency and hindrances to the sale of or Libel Liberty ty bonds were wert announced to today today to- to day lJay by lue capital lp 1 ISS committee Within a 0 weeks tho I to stop absolutely tho the talo Salo of or all stocks and hon bonds 5 not previously submitted to tho the committee or its district district dis dis- agencies for examination to rIc- rIc de determine termine whether tho the Issues could not not better bo postponed until after tho the war tear John S. S Drum of or San Francl Francisco co I hanker and member of or the capital issues is issues is- is sues committee will have charge of or ortho tho the national campaign campal 11 against unrecognized securities assisted by hy Paul A A. A of or San San 1 Francisco Economic Economic Eco Eco- homle vigilance llanco committees will bo ho organized immediately In each federal reserve district with at least cast one member member mem mem- ber hel in every city of or moio more than population to gather g and report information matlon mation concerning op operation of ot individuals indi v and corporations trying to sell securities without the approval al of or the capital Issues committee Tho rho committees it is announced to today to- to Iday da day also will report on oft nil all seemingly unnecessary projects such aa ns construction construction con con- of ot new t Industry extension and road Improvements