Show AS YE SOW SO SHALL YE REAP ROM COAST papers it is learned that an effort is now FROM being made to have the california corporate securities act the blue sky law repealed those charged with investigating vesti gating the subject so that a report can be made to the state bar association which evidently is relied upon to render aid to the aggrieved has found that the corporate act has driven much desirable business out of the state of california because of the unwillingness of business generally to submit their affairs to autocratic and coercive regulation by the state in the guise of preventing fraud we deeni deem encouragement of business paramount to the prevention of fraud the imposition of needless supervision sion upon business enterprises results in a loss incalculable to the people whereas the supposedly beneficial effect is lost maybe laybe so maybe the committee knows what it is talking about but one thing is certain when the legislation complained of was woven into the laws of california fraud in in mining company promotion was running as wild BS as a march hare and something just had to be done to halt the wild debauch into which stock promotion manibu gators tors had floundered if that class of business has been driven ven out of california as a result of the enforcement of the corporate orate securities act it is a good thing for california but and the subject is brought home to US if the cleanup in california is going to result in the removal of the shell game manipulators to utah we are just selfish enough to hope that california will remove restrictions and allow get rich quickens to return and resume their former standing and it will do no possible harm to here admit that that we are just a little suspicious that a lot of rotten promotion skullduggery is being ribbed up here and paraded before the eyes of gullible eastern and other clients that may call for investigation before long in this we hope we are mistaken |