Salt Lake Telegram | 1921-05-27 | Page 4 | Situation in Utah Regarded as Good

I Tr TI 11 SITUATION IN UTAH AS GOOD i I Securities Secretary Is Back From Pacific Coast Business on the coast is not as good as it is in Salt Lake said H H. C C. Hicks secretary of the securities commission commission commission com com- mission who today returned from a trip to to the coast where he went to investigate the standing of several companies which have ha applied to the commission for authority to dis dispose ose of securities securities' in Utah Speaking of con con on the coast Mr Hicks said As compared d to the amount of business business busi busi- ness being done on and the operation of 1 the law the the- Utah commission is yet in its infancy but the rules and regulations regulations regulations reg reg- being adopted here are in harmony with those adopted by the California commission which has been I operating for s several veral years I visited the department head in the San Francisco Francisco Francisco Fran Fran- cisco district and was able to get much valuable information and later I met Corporations Commissioner E E. C C. Bellows Jellows at Sacramento and Mr Bellows Bellows Bel Bel- lows and his assistants devoted a great deal of time in going over cases case rulings rul rul- ings and the attitude of the California California California Califor- Califor nia commission relative to the operation operation operation opera- opera tion of the blue sky sly law in that state I was able to get a large amount of data together with the forms used and also secured much Information relative to the methods used by the California commission in securing data relative to corporations brokers dealers dealers dealers deal deal- ers and agents which will prove of ot great value alue to the Utah department We Ve were also able to establish more friendly relations between the two commissions and matters taken talen up and understandings reached will wall prove of the utmost value to Utah corporations who want to do business in the state of California I While on the coast Mr Hicks visited visited visited visit visit- ed companies in San Francisco Oakland Oakland Oak Oak- land and checked up a large plant at Melrose l and completed the work in time to td take the Western Vestern Pacific for Salt Lake Lalo Wednesday afternoon He was much pleased with the general conditions of the companies investigated investigated gated but states stat that business on the coast is is not as good right now as it is in Salt Lake