Show i THE I 1 BLUE SKY LAW according to estimates by credit rating concerns and the fico authorities the people of the united states lose more than it a year through fake and wildcat securities kansas I la Is the only state so tar far via as wo nna know that has attempted to protect its people against this class of swindling that state has a law which Is popularly known as the blue sky I 1 law it la Is estimated to lave kansas investors a year hut but it simply covers one line of business that of stock selling in ili its broad sense it does I 1 not cover the multitude multI tudo of other I 1 fake schames such euch as those of the swindling patent medicine takers it protects protect only people who have I 1 money to invest and who nho might be considered well to do or even rich commendable as it Is it does docs not pro hect the people who need protection most those who are sick or think thin k they tire are sick and who are arc more alke ly to be influenced by misrepresentation than any any other class of people the journal of athe american medical association thinks that the admirable kansas law should be extended to protect people from the most vicious clous lit form of swindling it if the people of the united states are swindled out of a hundred aundre d million dollars annually by stock jobbers and similar concerns it would not be a reckless statement to make that the are swindled out of twice that sum by those who ho prey on the sick the patent medicine aNOnd lere and quacks especially of the mail mai order lorder faller fake aro are incle included ded should the people not be protected also against this more damnable and dangerous danger ors form of swindling |