Opposition to the Blue Sky Bill Emerges in Legislature
Thomas I. Hogan spoke before the legislative committee on banks and banking, opposing the Blue Sky Commission’s bill. He called it class legislation asinine and conceived in equity, alleging it would privilege the stock exchange and push gilt-edge securities onto the community.
MENTIONED IN THIS ARTICLE
Thomas I. Hogan
Legislative Committee On Banks and Banking
Blue Sky
Blue Sky Commission
Stock Exchange
Massachusetts Stock Legislation Sparks Curb Broker Debate
Lawmakers heard arguments for and against a proposed bill to license brokers and curb fraud in Massachusetts. Proponents led by R F Scannell Jr urged stiff penalties and criminalizing fraudulent stock schemes, noting hundreds of thousands lose in curb and listed markets. Opponents, including curb brokers, warned the law targets them and would choke new enterprises.
MENTIONED IN THIS ARTICLE
Massachusetts
R. F. Scannell, Jr
Chambers of Commerce
Bentley W. Warren
Boston
New York
Henry W. Beal
Boston Stock Exchange
State Commission
Stolen liquor traced to Tremont Street Charlestown
State and city police seized two full cases of whiskey and two empty cases at 2 Tremont Street Charlestown, linked to a $7500 liquor theft by fake prohibition agents from Lester Leland's West Manchester mansion. Chief Henry Sullivan and local officers traced the suspect ring, with Nora McGlinchy’s closet housing the liquor. Police seek other suspects in Charlestown and Greater Boston areas.
MENTIONED IN THIS ARTICLE
City Square
Tremont Street
Charlestown
Lester Leland
American Rubber Company
Henry Sullivan
Manchester
Ferrari
Taylor
Magno
Bonner
Sullivan
Nora McGlinchy
West Manchester
Greater
Boston
Premium Bill to be Probed by House Rules Committee
The Massachusetts House rules and power committees plan a hearing next Friday to gather information on a premium capitalization bill for gas and electric light companies. Speaker B Loring Young announced the session after Representative Doyle moved to delay House action until Tuesday. Rep Silbert seeks a departmental merits statement as Frothingham accuses rushed approval amid objections.
MENTIONED IN THIS ARTICLE
Committee On
House
B. Loring Young
Public Utilities Department
Doyle
New Bedford
Rules Committee
Power, and Light
Silbert
Boston
Department of Utilities
Frothingham
Lynn
Committee On Power and
Ships Crash in Dense Fog Off New Jersey In Fog
In dense fog off Little Egg Inlet New Jersey the Steamship Invincible bound for Norfolk collided with the Army Transport Madawaska from Manila. The Madawaska was badly damaged and taking water. Passengers were aboard the transport as it listed amidships. A late radio said boats were swung out and passengers would be moved to the Invincible at daylight. The Invincible stood by with searchlights ready to assist.
MENTIONED IN THIS ARTICLE
New York
Little Egg Inlet
N. J
Shipping Board
Invincible
Norfolk
Madawaska
Manilla
New Police Officers Sworn In By Boston Police
Seventy eight World War veterans will be sworn in as Boston police officers today and tomorrow. Forty will begin duties today and the remaining thirty eight will don the uniform tomorrow.
MENTIONED IN THIS ARTICLE
Boston
Police
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Casire Sore
Louis
Easter
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CTL
Eee
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Washington Street Dept. A
Mass
P. O
Slater
New England
Ull aSe
Horlick
Lauds Curb Brokers
Milan
Milan Hemp
Batavia
Porcupine
Harding
Summer Street
Worth
House Committee On Rules
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Butler’s
Oplin
de Chine
Silk
All
Armstrong
Armstron
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N. Y
Warren Inst
Park St