Jasper County Democrat, Volume 21, Number 21, Rensselaer, Jasper County, 12 June 1918 — GENERAL AND STATE NEWS [ARTICLE]

GENERAL AND STATE NEWS

Tilitraphic Reports From Many Parts of tin Country. SHORT BITS OF THE UNUSUAL Happening*' in the Nearby Cities and Towns —Matters of Minor Mention From Many Place*. NEED OF A BLUE SKY LAW Indianapolis, June 12.—David P. Porterfield, secretary of the Better Business Bureau of Indianapolis, who is leading a movement for the enactment by the Indiana legislature of a law to protect the public against fly-by-night promoters, reported an interesting incident in support of the feeling of the bureau that such a law should be passed, at a meeting of the bureau yesterday. He told of entering an elevator in an Indianapolis office building where the suites “rent for an uncommonly high price, just as three other persons, two well-dressed men and a well-dressed woman, entered the lift. The three of them were talking about selling stock in some enterprise, and had evidently just left the offices of the concern. “I certainly know that proposition all the way through now,’* said the woman. “You may know too much about it to sell it well,’’ said one of the men. “It is possible to know too much about them sometimes.” “That’s right,” said the other! man, who seems to have found definite knowledge a handicap at some time. Gne of them asked the woman where, she was going to sell —whether she was going to take some Ohio territory which they had apparently discussed previously. “No, there’s a blue sky law over there,’’ she said. “And in Illinois,” said the other iman. “In fact,” he added, “there is not a state within 500 miles of Indiana that does not have a blue sky law. It’s Indiana or no place near here now.” In other words, Mr. Porterfield told the Better Business Bureau, the stock they were planning to sell was not of a character that would meet with the approval of blue sky commissioners, so they were going to follow the practice of other promoters and dump it in this state.