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About Cottage Grove leader. (Cottage Grove, Or.) 1905-1915 | View Entire Issue (May 21, 1912)
DGiiiaS OFTHEWEEK C O R P O R A TIO N 18 H IT . Government Begins Fight on Alleged Aluminum Trust. INDUSTRIAL DEVELOPMENT OF THE STATE Pittsburg— The Federal government OREGON G E TS HONOR. has filed a civil anti trust suit against the Aluminum company o f America, which w ill be the basis for an “ agreed Government Makes Inquiry Here for Bids on Big Timbers. decree,” designed to restrain the so- Portland— Oregon was unintention called aluminum trust from monopoliz ing the manufacture o f aluminum and ally complimented by the government General Resume of Important Events its products, including cooking uten when mill operators and lumber ex porters received telegrams recently sils. Presented In Condensed Form In a petition in equity to the United from Washington, D. C, asking for for O ur Busy Readers. States court for the Western district bids on two dredge “ spuds,” 70 feet o f Pennsylvania, the company is in length and 36 inches in diameter. The government has begun suit charged with being a monopoly re The “ spuds” are wanted to complete against the “ aluminium trust." straining interstate and foreign com the-equipment o f a big dredge at the Fire burned out a Portland fire sta merce in violation o f the Sherman law. Panama canal. tion and other stations hsd to be It is declared to have acquired a sub The order was issued hurriedly, so time was |not allowed for the usual called to extinguish the flames. stantial control o f the aluminum in Seven tons o f Bibles were recently dustry o f the United States, and to circulation ¡of specifications, but on such timbers there would be no com shipped in one consingment by the have charged unreasonably high prices petition outside o f the NorthwesL It American Bible society, to South and profits on its products. The dis is not believed the government will American countries. solution o f the corporation is not be swamped with proposals for the Five hundred Seattle women sold “ spuds,” owing to the fact that time pencils on the streets Friday and Sat sought but the court is asked to issue o f delivery is uncertain and exporters urday for the benefit o f the children’s nine broad injunctions against alleged say there is little profit for them after Orthopedic hospital o f that city. unlawful contracts, combinations, con paying for getting such special logs out o f the woods. Charles W. Wappenstein, ex-chief spiracies and practices. It is said that to cut the sizes asked o f police o f Seattle who is serving a The government concedes that com term in the penitentiary at Walla pany’s ownership o f more than 90 per for, two trees, each with a diameter Walla, is employed in the vegetable cent o f the known deposits o f bauxite o f about six feet, would be necessary, and it is no longer easy to find such cellar o f the institution. (the base o f aluminum) in the United giant firs close to transportation fa States and Canada, suitable for the An empty gasoline fishing boat with cilities. _________ the nets tangled in the propeller, manufacture o f the metal, is not "w ith in its e lf,” unlawful. I t is B E T T E R G AM E LAW S U R G ED . drifted ashore on Long Beach, Wash., and it is believed the two men who charged, however, that the practical monoply in bauxite and the manufac went out in it are drowned. State Warden’s Office Receives Sug ture o f aluminum, which the company gestions by Letter. A bank robber rode into Grass V al legally enjoyed on the expiration o f its ley, Cal., on horseback, entered the patents for making aluminum in 1909 Portland— In the past few months bank and backed all the employes into has been maintained by unlawful the State Game warden’s office has re the vault at the muzzle of his revol agreements and unfair methods to ceived numerous letters offering sug ver, scooped his pockets full o f gold wards competitors. gestions for improvement o f the game and escaped. The extent o f other bauxite deposits laws. Mr. Finley said that the com Many Mexican rebels, separated in the United States is not known at mission invites suggestions and will from their commands during the hasty this time, but it is pointed out that act upon them at its next meeting. Among the letters is one from Luke retreat from Conejos, staggered into there are inexhaustible quantities the federal camps exhausted from abroad, which could be placed at the Conners, o f Wallowa, Or., who sug thirst and hunger. They report that disposal o f competitors for aluminum gests that black and brown bear be manufacture i f the restraints on the protected during May, June, July and many died on the barren mesas. AugusL Mr. Conners points out that trade are removed. these animals are harmless and that The British searchers among the their flesh and fur is worthless during ruino o f ancient Egypt have uncovered J O K E R IN C A N A L BILL. an alabaster Sphinx, as perfect as the the time specified. He also observes day it was carved 1300 years B. C. Commercial Overthrow of Portland that bear hunting is frequently done to conceal other hunting during closed Many other relics o f ancient times and Seattle Would Result. were found in a good state o f preser seasons. Washington, D. C. — The Panama John C. Zoller, o f Duncan, Um atilla vation. ( Investigation shows that the alleged canal bill, providing for the adminis county, suggests that it m ight be ad "m oney trust” loaned immense sums tration o f the canal zone and the visable to grant a bounty on crows. to Brazilian coffee planters and ex operation o f the canal, was introduced These birds, he says, are a menace to other birds, particularly young game porters to enable them to lim it their in the house. birds. _________ production, so that American and As a result o f more than seven European dealers could maintain high YEA R BU M PER FO R C R O P S . hours’ debate opponents o f certain prices. provisions o f the measure said they A ll remaining indictments against Pioneers Declare Season Greatest had discovered a “ joker” which they Abe Ruef are to be quashed. Gilliam County Ever Saw. contended would g ive to Canadian Condon — Men who have had 30 The' house has adopted a resolution railroad-owned steamships a monopoly years’ experience in this country and for direct vote in the election o f Unit o f the traffic through the Panama can remember it when bunch grass was ed States senators. al at the expense o f American rail the only vegetation for miles around, Financier Reid displayed a very road-owned vessels, which would be say this is going to be the banner year poor memory on the witness stand at barred under the terms o f the meas for crops o f all kinds in Gilliam coun the tin plate inquiry. ty- ure. From the Columbia river to the Three aeroplane accidents in one They prophesied as a result the com Wheeler county line, and from Mor day at widely scattered points caused mercial overthrow o f Boston, Seattle row county to the John Day river the death o f three aviators and injury and Portland, Or. there is not a poor-looking crop. o f several others. A bitter fight seems certain over Owing to favorable conditions last The Mexican commander-in-chief es the provisions which would prohibit September there was a large acreage timates that the rebels lost 600 men railroad-owned vessels from passing o f fall wheat sown and that now at the battle o f Conejos, while the through the canal. The Pacific Coast stands from 10 inches to a foot high. delegation was unanimously in favor Spring grain sown in March is all up federals lost about 60. o f the prohibition. Their future and promises to be as good a crop as course probably w ill be subject o f a the winter wheaL N ot only is this so, P O R TL A N D M A R K E TS , conference. but it is going to be a great fruit Wheat — Track prices: Bluestem, Representative Doremus, o f Michi year. The trees along the creeks are $1.04(a)1.05; club, 98cfo $1; red Rus gan, charged that a small coterie of loaded with blossoms and promise a sian, 97<398c; valley, 98c@ $l; forty “ Wall-street parasites” had entered grand crop. W ith an unusual amount fold, 9 8 «oi*l. into a conspiracy with the railroads to o f rain all vegetables w ill be plentiful. Millstuffs — Bran, $25 per ton; force congress to strike out the prohi shorts, $27.50; middlings, $31. bition against railroad-owned ships. After Green Peach Aphis Now. Corn— Whole, $39; cracked, $40 per Oregon Agricultural College, Cor ton. Flames Menace Homes. vallis— The green peach aphis, which Hay— Timothy, $16.50(317.50; al Woodland, Wash.— Word has reach works on the tips o f shoots, is doing falfa, $12(0)12.50; clover, $8(39; oats great damage in the Freewater-Milton and vetch, $10.60@11.6Q; grain hay, ed here from the Upper Lewis river district and elsewhere, and Prof. H. F. that a serious timber fire has been $9. Wilson o f the O. A. C. entomology de Oats— No. 1 white, $38(040 per ton. threatened for the past several days partment has started the following Fresh Fruits— Strawberries, $1.25(0) and that considerable timber has been treatment which w ill destroy the pest 1.75 per crate; cranberries, $8(0)10 burned for the North Fork Logging i f applied in time. per barrel; apples, $1.25(0)3 per box; company and the Lew ie R iver Lumber “ Black Leaf 40” should be diluted cherries, $1.76(02 per box; cherries, company, but that most o f the timber with 1000 parts o f water, with a bar burned was timber that had been dam loose, 15c per pound. o f laundry soap added for every barrel Potatoes — Jobbing prices: Bur aged several years ago. The mill o f o f the spray. The soap not only banks, old, $1.60(0)1.76 per hundred; the Lew is River Lumber company near A riel caught several times, but makes the emulsion more effective, new California, 44(0.6c per pound. the combined efforts o f employes and but causes it to spread more thorough Onions— Bermuda, $20)2.26. ly- _________ Vegetables — Artichokes, 76e0t’90e neighbors finally saved it per dozen; asparagus, $1(31.16 per War on Beetles Resumes. Affidavits Say Officers Brutal. crate; beans, 20c per pound; cab Sumpter— Government officials o f bage, 2|c; cauliflower, $2.76 per Washington, D. C.— Two affidavits crate; celery, $6(0,6; cucumbers, $1(3 one charging Officer Lowe, o f the T i the Entomological bureau are here to 1.60 dozen; eggplant, 25c per pound; tanic, with blasphemy and brutal re cruise the territory cut over last year head lettuce, $1.75 per crate; hot marks just after the sinking o f the by their department in the war waged house lettuce, 76c(3$l per box; peas, vessel, were put on record at the spe upon the pine beetles that have been 64(36c per pound: peppers, 25c per cial meeting of the Titanic investigat damaging to the forests o f Eastern pound; radishes, 16(320c per dozen; ing committee. Daisy Minahan, o f Oregon. A year ago the government rhubarb, 24(33c per pound; spinach, Grand Rapid«, Mich., declared in one spent $16,000 in the forests near this 4(35c per pound; tomatoes, $4.60 per o f the affidavits that as the passengers place in the fight upon these little in box; garlic, 8(310c per pound; tur were being put into the lifeboats, the sects. The method used was to cut nip«, $1(31.10 per sack; beets, $1.60; crowd was unruly and officers were down and burn all the infected trees found in the aera the beetles were rutabagas, $1(31.10; carrots, $1. yelling and cursing at men. working over, and about 100,000 trees Butter — Oregon creamery butter, Italians Take Vessel. were treated in this manner. solid pack. 26c per pound. Eggs— Fresh Oregon ranch, can- Rome— The Italian destroyers Nem- High-Line Ditch Wented. died, 21c per dozen; case count, 20Jc. bo and Aquileo captured a vessel laden Pork— Fancy, 10$(311c per pound. Medford — Medford has decided to with arms and ammunition in the v i Veal— Fancy, 10(3104e per pound. cinity o f Porto Secore, on the Turkish bold a b ig irrigation meeting in the Poultry— Hens, 13(314c per pound; Island o f Lipeo, near the Smyrna near future, when efforts will be made springs, 18(314c; broilers, 224325c; coasL Admiral Viale, in his official to secure enough property owners to ducks, young. 20c; geese, l i e ; tur report o f the occurence, telegraphed assure the construction o f the high keys, live, 20c; dressed, 26c. to the ministry o f marine, says the line ditch around the valley and make H ope— 1911 crop, S8(339c; olds, garrison and civil authorities o f Lipeo Southern Oregon one o f the best irri nominal; 1912 contracts, 24(n.25c. were taken prisoners by the crew o f gated regions in the state. The Hopkins ditch, north o f Med Wool — Eastern Oregon, 10(3174« the destroyer Nembo. per pound; valley, 18<319c; mohair, ford, is already indorsed by ranchers choice. S2e per pound. Roosevelt and Clark Gain. and w ill be constructed. Cattle— Choice steers, $6.86(37.26; San Francisco — Returns from 20 Bend Depot Too 8msll. good, $6.60(3 6 .86; medium, $6(36.60; precincts added slightly to the major choice cows, $6(0 6.26; good, $5.60(36; ity for Roosevelt and Clark in Tues Bend— Built with the expectation medium, $6(36. 60; choice calves, day’s Republican-Democratic prefer that it would be large enough to care $8.60(38.86; good heavy calves, $6(3 ential primary. These brought totals fo r the business here for several 8.60: bulls. $3.60(38.60; stags, $4.76 up to the following figures, on returns years, the Bend union passenger depot (36.86. from 3452 precincts out o f approxi already is proving too small to meet the requirements o f the rapidly in Hogs— Light, $8(38.40; heavy, $7(3 mately 8700 in the state: 7.75. Republicans — Roosevelt, 137,944; creasing volume o f traffic. An addi tion o f SO feet is to be erected on the Sheep — Yearlings, $4.60(3 6.60; T aft, 67,306; La Follette, 46,365. wethers, $4.26(36; ewee. $3.60(34.76; Democratic— Clark, 39,494; Wilson, north end to be used for baggage and express handling. lamsb, $4.60(36; spring, $6(37.26. 17,682. Current Ewnts of Interest Gathered From the World ot Large. FARM ERS E X P E C T BIG C R O P . After 1 h r«« Years of Poor Yields, Growers Ssy Success Assured. Pendleton— A fte r three years o f al most total crop failures Morrow coun ty wheat growers are already prepar ing to harvest wbat promises to be one o f the best crops in the history o f the county, according to County Judge Patterson, o f Heppner, and J. B. Hud dleston, station agent for the O.-W. R. & N. at the same poinL These men say farmers report the ground wet four feet, and with the splendid start which the grain has it is believed nothing can prevent the harvesting o f a bumper yield. Some uf the growers say there have been years in the past when the grow ing grain looked as promising as at present, but that it did not have the moisture in the ground to back it up, so that the lack o f later rains caused a near-failure. The growers o f alfalfa along W illow and Ray creeks are looking forward to heavier crops than usual. They are always assured o f a good first crop, but the lack o f sufficient snow in the mountains has often caused the streams to dry up so early that sum mer irrigation has been almost out of the question. This year there is an unusual amount o f snow in the hills and the streams are all running bank full at the present time, with the prospect o f a good supply o f water for six or eight weeks to come. BU M P ER C R O P O F A P P LE S. Yield to Be From 1.000,000 260,000 Boxes. to I,- T R U S T PAYS R E B A TE . Exclusive Dealing Condition of Tin Plate Concession. N ew York— That the American T in plate company deliberately suppressed competition and paid rebates to job bers upon condition that they should handle the trust’ s goods exclusively was testified by James T. MacFar- land. a Philadelphia jobber, in the government’s suit to dissolve the United States Steel corporation. MacFarland said he had handled many special private brands o f tinplate which independent companies manu factured for him. These brands he was forced to assign to the American Tinplate company in 1899, with a stipulation that he would not buy his tinplate elsewhere. According to a letter from the tinplate company to his firm, which was identified, the “ trust’s” purpose was “ to protect this company in the exclusive manu facture o f plate.” Later, he said, the American Tin plate company made an arrangement with jobbers whereby the company offered rebates on condition that the jobbers purchase their tinplate entire ly from iL The rebate was from 1 to 3 per cent, he said, and was subse quently based on 90 and then 86 per cent o f the total amount the jobber bought. Competitors o f the tinplate com pany were not w illing to make this discounL testified MacFarland, and he added that the company was “ not w illin g to manufacture brands for us in our name without being protected by this contract.” “ And i f we forfeited our brands,” he continued, “ we lost our business reputation.” Howard M. Davis, o f Philadelphia, formerly a sales manager o f the American Tinplate company and pre viously with the American Tinplate company o f Ellwood, Ind., D. G. R eid’s first company, was called. He testified as an expert on conditions in the tinplate industry at the time Mr. Reid and Judge W illiam Moore brought about the consolidation under the control o f the American Tinplate company o f New Jersey. “ What per cent o f the industry was controlled by this combination?” Davis was asked. “ My recollection is about 95 per cent. ’ ’ When R. V. Lindabury, attorney for the Steel corporation, objected to D avis’ answers as “ hearsay evi dence,” on the ground that the w it ness had never attended the Gary din ners, Mr. Dickinson retorted: “ W e ’ll establish the dates o f those dinners later. W e are going into that subject quite thoroughly.” The apple crop o f Hood R iver this year w ill be from 1,000,000 to 1,250,- 000 boxes, according to prediction made by President Charles N. Clarke, o f the Hood R iver Commercial club, to Professor Charles H. Lane, agricul tural expert from Washington, who spent a day touring the famous valley. Mr. Clarke based his estimate on the heaviness o f bloom and generally favorable conditions, which g ive promise o f a crop from five to six times as large as the harvest o f 200,- 000 boxes last year. It was found that Hood R iv er peo ple were growing more strawberries this year than ever before. There are some 4000 acres in newly planted orchards and 3000 in bearing orchards. The apple bloom, which a week before P LE A D S FO R L E N IE N C Y . had been barely visible, had been brought out and nearly retired by the warm days that followed the visit o f Borah Would Have Land Laws Easier for Settlers. the Press club to Hood R iver a week or so before. Washington, D. C— In a speech de livered in the senate, Senator Botah, G R A N G E R S U R G E R EFO R M S . o f Idaho, made a strong plea for the enactment o f lenient land laws to re Legislative Committee Favors Second lieve the burien upon the settler and to facilitate the development o f the Choice Voting. remaining public lands o f the West Roseburg— The second day o f the susceptible o f cultivation and im- State Grange meeting in this city provement. W hile speaking partic dawned fine and cool. The various ularly with reference to the home committees began to bring in their re stead law, SenatorBorah referred also ports, the committee on legislation re to other public land laws and to the porting favorably on second choice question o f conservation. voting in state and county elections, He paid his respects to those theor on changing the time when nominat ists who have done so much in late ing petitions shall be filed to 30 days years to prevent the passage o f sensi previous to the primary election, and ble land laws, and maintained that the on authorizing the county clerk to average Western citizen is a better send every voter a sample ballot 10 conservationist than his Eastern days previous to the election. It also brother, who knows nothing of the recommended a revision o f the elec practical working o f this recently de tion laws so that no candidate or other veloped policy. persons in behalf o f a candidate shall spend altogether more than 16 per More Hope for Laborers. cent o f the first year’s salary except Phoenix, A riz.— The anti-alien labor that the minimum lim it shall be $100. bill, the effect o f which would be to force out o f employment approximate Freewater Expects Big Crop. Freewater — That crop prospects in ly 20,000 non-English speaking mine workers in Arizona, probably w ill not this vicinity were never better than become a law at this session o f the now is the report from every section legislature, which is expected to end o f the valley. On the foothills the within a few days. The bill, which wheat is almost a foot high, and the has been bitterly opposed by mining excessive rain has deepened the root and railroad companies, was passed by ing o f the wheaL insuring the biggest the senate, but the house pigeonholed crop ever harvested. In the valley iL A fte r a motion to table it was de proper wheat in many sections is al feated it was referred to the printing ready heading out and harvesting this commitete. year w ill be early. Local strawberries have appeared, the first crate coining Aviator’s Leg Taken Off. from A r t Isley. It was shipped to St. Louis— Surgeons in attendance Boise, Idaho. upon Peter Glasser, o f Billings, Mont., Farmers Planning Fairs. Astoria— Stockholders o f the Lower Columbia R iver Agricultural company held a meeting Saturday and organ ized, electing G. L . Rees president, Robert C. Kinney, vice president, and C. S. Dow secretary. They also elect ed a board o f seven directors. This is the company organized by the farmers o f the county for the purpose o f hold ing annual fairs. A committee was appointed to ascertain where fairs shall be held. Duckling Has Four Legs. Oregon C ity— A four-legged duck made its appearance at the home of Mr. and Mrs. Joseph Robinson, o f Canemah, Sunday, and the little fe l low is thriving, although it has bean taken from the mother hen. Mrs. Robinson intends taking special care o f the freak o f nature. Tw o o f the duckling’s legs are in normal position, while the “ extra” two are farther back and kept close to the body. Elgin to Observe Fourth. E lgin — A t a citizens' m eeting F ri day evening it was decided that Elgin shall hold a three-days’ celebration on July 4, 6 and 6. A finance committee o f three was appointed, who had al ready solicited funds for the carrying on o f the celebration, and reported there would be between $800 and $1000 with which to meet expenses. driver o f the aeroplane which was wrecked at K inloch aviation field, when Glasser’s companion, Raymond B. Wheeler, o f Washington, D. C., was killed, decided that it would be necessary to amputate the wounded man's right leg in a final effort to save his life. Glasser and Wheeler were aviation students. Their ma chine was caught in a current o f air and dashed against a pole. Forest Fires Take Farm Buildings. Rainier, Or.— A t least five farmers have lost buildings and fences in a serious fire which started about five miles sotuhwest o f Rainier. Telephone wires are down and fur ther information has not reached Rainier. The district burning is stump land or land burned over in former years. No green timber is ablaze. It is rumored the Portland Lumber company has suffered some lose. L T Output ol Sugar Refineries Limit ed By Directors. Many Plants Shut Down— Trust Will ing to Pay for Elimination of Competition, New York— Methods pursued by the Sugar Refineries company to gain and retain control o f the sugar indsutry in America were described by Julius A. Stureburg, up to 1887 treasurer of the Brooklyn 8ugar Refinery company, in the government’s dissolution suit against the so-called “ sugar trust.” Mr. Stursburg said that although the refineries company trustees held the stock o f the Brooklyn company, the Brooklyn company was permitted to run its own affairs, with the ex ception o f fixing its output. This was fixed by the trustees, he Baid. These trustees also instructed other companies whose stock they held as to how much sugar .they could produce, he said. “ AH o f the profits o f the Brooklyn refinery were turned over to the trus tees, weren’t they?” asked Mr. Wise. “ I think nearly all the profits were. ” “ What became o f the rest o f the profits?” “ It was used as working capital.” On cross-examination Mr. Stursburg said that the physical valuation o f the Brooklyn plant in 1883 was more than $1,600,000. The profits in 1883-4, he said, were about $500,000. Prior to 1887, when the refineries company was formed, the witness said there was little profit in the business and several refineries failed. The effort o f the refineries company to curtail production was unsuccess ful, with the result that prices were lowered, sugar was sold without re gard to cost and the business was de moralized, the witness said, in re sponse to questions on cross-examina tion. “ Don’t you know,” asked Mr. WiBe, “ when this consolidation was made that many o f the plants would be shut down?” " W e believe in operating only the modern and best equipped plants,” Mr. Stursburg said. “ In a word, you were w illing to pay for the plants’ shutdown, were you not, to eliminate their competition?” “ I suppose you could put it that w ay,” the witness repled. He added that when the trustees failed to cur tail production sufficently fo r their purpose, the American Sugar Refining company was formed, with $50,000,- 000 capital. S O C IA L IS T S N O M IN A T E D EBS Seidel, Former Mayor of Milwaukee, for Vice-President. Indianapolis, Ind.— Eugene Victor Debs, o f Terre Haute, Ind., was nom inated as a candidate for the presi dency o f the United States by the Na tional Socialist convention. Emil Seidel, formerly mayor o f M il waukee, was nominated for vice presi dent. Mr. Debs was not in the hall when the resut o f the ballot was announced, but Mr. Seidel thanked the delegates and promised that he would make the campaign “ as lively as any the capi talist parties had ever seen.” Steamship Company Wins. San Francisco— N egect to inform a steamship company o f the value o f the contents o f a trunk at the time o f shipment releases it from liab ility for loss at destination. Sucb was the rul ing o f Judge Lehy, sitting in extra session o f the Superior court in the trial o f an action begun two years ago by Charles A. Grimm, o f the Northern Commercial company, against the Alaska Pacific Steamship company to recover $1740.36, the value o f furs in two trunks stolen from the dock after their arrival here. Coal Strike Near End. Wilkesbarre, Pa.— When the an thracite miners’ convention adjourned here nearly all the leaders and many o f the delegates were o f the opinion that the tentative agreement, which gives the underground workers an in crease in wages and other concessions, would be ratified. Many delegates who were instructed to vote against the agreement returned home to report to their local unions with a view o f returning without instructions. Yukon Valley Roaring Furnace. Recites U . S. Constitution. Seattle— A special cable from Daw- eon, Yukon Territory, says: The Yu kon valley ie a roaring furnace for 200 miles between Big Salmon and Stew art City. Everywhere forest fires are raging, but they are not near any city. Hundreds o f thousands o f scree o f virgin forest are being swepL Prob ably 1,000,000 cords o f splendid wood and timber has been ruined. A t Coffey creek so hot was the fire that it leaped the river. Tacoma— Washington Finley, a na turalized Englishman born in France, appeared among a list o f applicants for citizenship papers and astonished the examiners by repeating the entire constitution o f the United States. Ex aminer Staples said it is the purpose o f the officials to make the examina tions as difficult as possible so that alien applicants will place a greater value on their citizenship. Phonelx, A riz.— The Arizona senate passed the house bill termed by some “ another Kansas blue sky la w ,” pro viding that no corporation shall offer its stock for sale to the public until the State Corporation commission has declared in writing that such stock is a safe investment. The bill now goes to the governor. “ Blue Sky” Law Passed.