Show NEW NE' JERSEY TRIES TO CURB CORB CORPORATIONS Trenton N N. N J J. J April 7 New cw New Jersey which has 1118 hl boon n called tho the mother of trusts today went on record as tho the first state In tho thio union to pass a n. measure protecting the American investor from the tho stock stock- watering sharks s of or orTall Wall Wail street By Uy unanimous vote tho tim bill Introduced intro Intro- introduced into the thC here by Mark larl A. A Sullivan an was approved pd on its third reading an and sent Kent on Its wa way to tho the senate for 01 tho time concurrence of ot that boll body rho Tho Republican majority and tho the Democratic minority am alike o voted for forthe forthe forthe the bill On roll call not a n. single voice was heart heard in opposition to it Thus this title legislature sitting in lii the charter scat of ot more corporations than any other state controls is tho the first to talco tako a 0 definite step to check dishonest high financiers and to safeguard the legitimate Investor The Tho bill is designed to put a n. stop to the tho pernicious practice hitherto so popular with dishonest trust builders builder anti and company promoters and ju Jugglers lel's of or Issuing for Cor a gullible public to purchase pur par chase stocks and bonds which have practically no value beyond tho the paper on on which the they are arc printed It also holds hold to strict account the tho directors of or corporations who sanction such Buch proceedings pro pro- directly or indirectly anti and makes mattes them thorn personally liable for any uny I loss lose of at damage that any an Investor may suffer through tho public salo cab of ot st stock cR through falso alo representation |