Show STOCK MARKET BILL A ATTACKED TT Salt Laker Says Measure Would Curb Development The Fletcher Rayburn stock ex- ex change hance bill In Its present form puts such a h vy cost on getting registration tion statements and furnishing quare terly reports that the burden would be prohibitive deve development in the west Gordon E. E Crandall st stat stat- for the Ure PeU Pett Morris Inc firm told the members memo mem- bers ber of the Salt Lake Advertising club at the Newhouse hotel Wednesday The bill bill however is b being ing constantly con con- changed and when it is enacted en en- acted it probably w will ll be in a liberalized liberal liberal- form Mr Crandall said Should it be passed in its present form it would work a hardship on local com com- panics and retard mining development develop develop- ment in this state This bill will tend to regulate business busi busi- ness as much as it will exchanges It puts a heavy responsibility upon pon the officers and directors ot of all corporations corpora corpora- and makes them liable for all acts act of the corporation In my judgment this bill will bring more disadvantages to the investor investor in- in vestor than advantages It will make all business and banks subject to the authority of a group chosen choen by the federal trade commission and this group roup will b be e exempt from civil service servo ice requirements This federal authority au au- thorit will dictate the financial polio poli cies of every company and usurp the authority now resting in the hands or of stockholders and investors |