| Show FOR nationwide NATION WIDE BLUE SK SKY 11 LAWS one especially bold stock promotion and brokerage firm has made an interesting suggestion in its house organ for this week says the new york curb of recent date explanatory of the poor judgment shown by many investors in the selection of numerous wildcat wild cat oil and mining stocks within the recent past by attributing their disastrous participation in these ventures to indulgence in alcoholic beverages and pointing a moral to the effect that with the sobering influence of prohibition there has also come a sobering influence among the investing public there is little doubt that many stock purchases were made in the pre prohibition days following the pre luncheon cocktails when the vision was rosy says this firm As a result many wildcat wild cat stocks were purchased whereas in calmer moments they would not have been touched liquor begets impulsiveness an and d impulsive buying is never sane buying amen but the firm which has penn penned ed this argument on the good effect of pro pr hibi tion in making investors more careful and astute in stock purchasing has evidently chosen to forget that only a little over a year ago it was exploiting a highly ques q tio oil company project of its own and it must have required some terrible brand of redeye red eye and tangle foot to induce n in the investors to become interested W P williams oil company tuapa 01 star oil corporation wright producing Petrol Fetro leu euln refining company lafayette oil 0 kentucky company pennsylvania fining gasoline corporation kenova kenoya company and southwestern producing refining company deceits dece its t the he coll if the eighteenth amendment to act ution and the enforcement would only operate to prevent t a repetition repe would 1 w of these despicable im postures imposture st there be few to decry the accompanying drought drou but alas these statutes do not pro billt pro P the operations of the conscienceless d out ou an motors and stock jobbers who put in 1 ves foist such rank hoaxes on credulous laiq bor statutes sta tors whom even bone dry fail to protect adequately against downright misrepresentations and exaggeration on the part of these fakers bakers fa kers only a nationwide nation wide bluesky blue sky law can be safely counted upon to stop the machinations and plundering tactics of these contemptible temp tible pirates of finance only a relatively few of whom have so far been caught red handed by the federal authorities under existing laws and sentenced to well merited terms of imprisonment for their buccaneer ing operations though it is small comfort to the fleeced investors to know that their despoilers have met with retributive justice it will afford at least some measure 0 of protection to the investing public |
