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Show 1 SUGGESTIONS TO SENATOR OWEN Bankers Indict and Forward a Letter Regarding New Currency Law. REPORTS ARE ADOPTED "Blue Sky" Acts Crude and Ill-considered, Doing Some Good, Much Harm. Chicago, Oct. 29. Suggestions for the currency bill, adopted at a mee. ing of the Investment Bankers asso elation, in convention here, were for warded to Senator Owen today. Whal they were was kept secret ai today's session the reports of the committee on legislation, read :. A. G. Hoyt of New York City, and ol the committee on taxation, presented by Frank W Rollins of Boston wer adopted. The Hoyt report criticised various state laws especially ' blue sky" acts. lnci) later, the report declared, were crude ill considered legislation pass ed by unflrm legislators, doing some good and much harm. Profits, said Mr Hoyt, have net in creased with the Increase in the volume vol-ume of business, n ondlllon l;trLel due io restrictive legislation, BUCh as the full i rew law, laws with respect to safety devices, hours ol service, and the like Investors Suffer Formerly, read the rejort. England, France and hutch investors regard -d the L'niied States as their Favorite field: tow their money is going to South America a.nl their own respec tive colonies Tin- American Invest ors suffer likewise "The financing of railroads is gi I ting n.ore difficult.'' continue,! the report "Unless there is a change, the prosperity of the country will hi affected seriously. Some Mates Ilk. Texas, however, are doing better In the hope of attracting capital, in other ; directions there ar indications of lni provement, forced by the gloom ot in , situation." Rollins' report dealt principally with the income ta law, the burden some nature of which. It said, could onlj be proved 1. . living under n It was resolved to employ ounsel to represent the association In test c-jsc . at law to determine Ihe meaning of disputed poJms. |