Garland Globe | 1909-06-26 | Page 2 | Hughes' Committee Reports

HUGHES' COMMITTEE REPORTS. Investigation of Speculation In Se-curltles Se-curltles and Commodities. Now York. Tho report of the committee com-mittee appointed by Covornor Hughes to Investigate speculation in securities securi-ties nnd commodities nnd tho organizations organi-zations used in .dealings tborein was made public Wednesday night. Tho New York stock, tho Consolidated stock, tho Cotton,' tho Produce, tho Cofree, tho Mercantile nnd the Metal exchanges and tho Curb market wero thoroughly Investigated and recommendations recom-mendations looking to improvement of existing conditions were mado at length by the committee. Tho most drastic finding 1b that effecting tho Mercantile and Metal exchanges, as "follows: "Under present conditions, wo nro or tho opinion that tho Mercantile Mer-cantile and Metal exchanges do actual harm to producers nnd consumers, and that their charters should bo repealed."