Show Government Plans PlanA Action A Against ga ill s t Stock Swindlers t n MAI A I I i ON I t Until these hs laws n can nn be he put nut Into t By y w tAUL AUL K t t I United Press Staff Correspondent WASHINGTON March 2 Federal Federal action to save the people from financial wizards confidence men stock salesmen and bun bunco o oil oU operators who wh are swindling them out of a sum estimated by some experts to be close to a year was pl planned nned today by by the government The recent expose of big swindles In New York and Chicago the alleged b activities In New York and the numerous failures of brokerage brokerage broker broker- age houses have caused government I o officials to hasten the fram framing ng of their campaign against swindlers Legislative measures have been composed to force rigid enforcement pf of blue sky laws They are be being ng stud studied eq by the federal trade commission commission commis commis- sion and probably will be sanctioned d dand and submitted to congress con ress f operation Attorney General Daugherty Daugherty Daugh- Daugh erty who has made a a. widespread In Investigation Investigation investigation In- In o of fraudulent business schemes has ha Issued an appeal to governors governors gov IO of the states to use lse all aU their their- powers powers against the swindlers rs Daugherty asks that those states make which have ave blue sky laws I every effort to clean their areas of ot illegitimate oil oU stock promoters Illicit bucket shop operators and other rich quick men Estimates gathered by the department department department depart depart- ment of Justice show th that t cases of of the rich get army now pending In federal courts throughout t the country Involve approximately of of Improper stock sales and confidence schemes These have ac accumulated accumulated accumulated ac- ac cumulated during the last two years and there are are hundreds of other cases of swindling which have never come before the tho federal courts c |