Casper Daily Tribune Newspaper, December 10, 1918, Page 4

~ ee munca tierieactetipaemeren s meammertice apecepeenminsirs \ epimers. nas BLUE SKY LAW IS URGED UPON STATE SOLON Annual Report of State Secretary Shows Large Business for Year and Urgent Need of Public Protection | | Secretary Frank L. Houx, by his deputy, Mr. F. H. Westcott, has made report to the governor of the trans- actions of the secretary's office for the fiscal year ending September 30, 1918. The business of the office has been very heavy during the last bi- ennial period, the total receipts run-| ning to $307,960, says the Laramie Republican. This sum was divided | between the corporation and other} fees and the automobile licenses, the| former being $171,780 and the latter | $136,179.50. This high record was’ made, says the secretary, in spite of the fact that no liquor licenses for dining cars were issued. | The operations of corporations in Wyoming have led the secretary to make recommendations concerning a blue sky law, such as has been re-} peatedly advocated by The Republi- can. He says that under the present corporation laws ‘wé invite and én-} courage the unserupulous promoter to take advantage of our laws, pro- tect him in his_nefarious operations, relieve him from personal liability for the acts he has done under cover | of the corporation, and’ then let the} secretary of state apologize to the; gullible purchasers of valueless stock for the inability of any state officer} to proceed against the rascal who! has kept within the letter of the} law.” To correct evils the secretary) recommends: “1. Our laws should require a} hona fide subscription and payment} for a fixed per cent or a fixed) amount of the capital stock before the company is permitted to engage in its business, | "2. If property is accepted in payment for capital stock, a sworn description of the property, and a/ statement of its value by disinterest- | ed appraisers, should be fixed with the corporation papers in this office. The Utah laws have long had a sim- ilar requirement. | “3. An actual organization of the, company within the first year of its existence, with an election of di-) rectors by bona fide stockholders | should be required . | “4. Of special importance is a re- quirement for annual reports of such | nature as to show that the corpor-| ation is maintaining its organization in good faith, has complied with the: laws in regard to the filing of re-| quired papers, and has as agent for service an actual resident of the) state. A statement of its financial! condition is also desirable. “5. A minimum limit of not less than $1 should be fixed for the par} value of the stock.” | Reference is madé by the secretary | to the Néw York laW permitting the issuance of stock without par value and favorable comment thereon __ is madé. Under such a law stock of a corporatién would’ simply have the| value given it by its assets, says the Laramie Republican. Of course that is the real manner in which stock should be valued under the present) law, but when par value is fixed in stock at say one dollar per share, the public, the ‘“guillible pubic,” the sec-| retary says, is likely to look upon that} sum as the right figure for its actual | value and is influenced to consider-| able extent thereby. In the judgment of the secretary) the primary law “is of doubtful serv-| ice in Wyoming.” It has been his ob-| servation that ‘in many cases it has} been much easier for one man, or a} small group of men to control the! choi¢e of candidates under the direct | primary law than under the old’ con-| vention system.” If this conclusion | is correct, then the primary law in) this state has failed to accomplish the very purpose of its enactment. By} its advocates it was urged that it) would prevent manipulation by indi-| viduals or small groups of men, and| now it is found that it really en-| hances that very bad practice. The secretary’s report will prove of value to the legislature and attention | should be given to the ete ie tions made. | OR. WILLIAM NORWOOD | OPENS DENTAL OFFICE Doctor William Norwood, who has! been-with Dr. Kocher in the Mokler} Huilding, has moved to the aE building ‘where he has opened a com-| modious office of dental surgery. { Dr. Norwod has made a reputation | in Casper for his excellent dental work and also for his ease in treat-| ing patients in a nervous condition} due to pain: } LANGE FIELDS BOOMING WITH ~ DRILLING WOR” Niobrara County Development Takes First Place in Pro- grams Mapped Out by Great Oil Companies Work is booming in the Lance Creek field of Niobrara county. At- torney J. J. Fagan returned from Lusk and the Lance Creek field yes- terday and during the past two weeks the lawyer has been engaged on work in the field itself relative to the lo- cation of lines and other business that necessitated his being on the ground./ The field appears to be extending to the east and the Midwest company is taking up everything in that direc- tion. Recently the Midwest succeed | ed in getting the Wright holdings ir the northeast part of the field and this makes it look as tho the big Casper company believes that the belt} will extend to the Cow Gulch struc-| ture. | The same firm is said to be nego-! tiating for holdings of the Cow Gulch! Oil company. This makes the Lance Creek field} at present about 15 miles from one} end to the other and about three miles in width, according to the holdings of | different companies. The Union Oil} company controls practically all of the southwestérn part of the field,| altho the Texas Oil company has some | tracts there. | The Illinois Pipeline company has, taken over the camp of the Ohio Oil) company on Section 36 near the big gisher and the Ohio has four camps now and is building the largest one in the entire field in the center of section 36 where the officials of the company expect to,put up a camp that will excel any in the state. At pres- ent the streets are laid out’and the water and gas lines are in, but only about half of the houses are finished. As it stands, however, it is larger than the present camp of the Ohio company in ‘the Big Muddy field, which has been a model for camps in the oil fields of the state. The Midwest comes next to the Ohio in the matter of camps since it took over the big camp of the Cac- tus company, The former has been very busy establishing bases for the accommodation of the workers in the field. The Continental and United are establishing large camps and the Car- ter Oil company is said to have the finést in the field, altho not as large’ as some of the other companies. The! Carter people gave a dance last Sat- urday when they opened their camp and the function was attended by about 150 guests. The Young Woman townsite is to be the radiating point for the Lance Creek field from all appearances. Al- ready there has been established a postoffice. and arrangements have been made for a gas supply for’ the town. The land is all patented so it does not come under the Government act, and the townsite is underlaid by a conglomgrate gravel at about forty feet which contains a never-failing supply of the finest water to be found in the state. A telephone line connects the town with Lusk and the newly built road ends there. Other roads from the head of the bowiward from Lusk ra- diate to all points of the field afd the town is to be made the stopping point for the teamsters and trucks hauling the freight to the field. Blacksmiths and repair shops for handling auto trucks.and freighters outfi i H | Se tod being established in ig Woman, and an electric light plant is on the way. The ability to| obtain water here that is free from alkali is one of the main incentives, } | 1 CAN PROTECT YOUR OIL LAND BY DOING YOUR ASSESSMENT WORK HUGO, BOX 924 CASPER WHEN YOU SUFFER FROM RHEUMATISM Almost any man will tell you that Sloan’s Liniment means relief tically every man has used it cee a, eT be Tcheumatic aches, soreness of muscles, stifiness of joints, the results.of weather exposure. Women, too, by ie hundreds of thousands, itfor levi neuritis, ape wees Tack headache: Clean, refreshing, soothing, econontics quickly effective, © Say “ S ment” to. Joan's Lini-? your druggist. Get it todays ° - | Showing tractors, concrete. Casper to Sait Lreek Froject the preparation of the grades, where steam shovels, steam graders and drags were used to prepare the grade for the FECTS OF WAP UEMOBILIZATION MORE APPARENT | Vanguards of Returning Soldiers Appear on Casper Streets; Training Period Shows Results in Men The boys are coming back from the training camps. The streets of Casper are becoming . the stamping grounds for the boys in khaki who are on their way home from thd schools and camps where they had for presents. suited. welded. and other metals. 118 S. David IF IT CAN EAST SID An up-to-date Jewelry Store— Ours is the best in the w The stock and the prices are so varied that every. taste and every pocket-book is likely to be This is the place where you can get just what you are looking for. Getting New Parts from the Factory is Very Unnecessary Don’t discard that Broken Casting, but bring it to us to be We save you time and money. Welders and Brazers of Cast Iron, Steel, Aluminum, Bronze ALL WELDS GUARANTEED, OXY-ACETYLENE WELDING SHOP Across From Shockley’s. WE CAN DO IT | Zone to render service to their coun- | try. ||. Three of the boys from . Student Officer Training corps stopped in at |The Tribune editorial room stoday, | and altho they themselves hardly re- alize it, they were apt illustrations of what a great beneft the intensive training has done for the men. who were engaged in learning military tactics. The tio was composed of Sergeant James Shikany of Casper, and Pri- vates J, M. Baker and R. O. Larsen jof Cody. The three soldiers were efficient examples of rugged health. Their military bearing. ruddy com- |plexion and trim uniforms would |make them noticeable on any ocea- | sion. | Privates Baker and Larsen stopped |over for a short visit in Casper be- fore proceeding to théir homes in the | northern part of the state. The three gave some interesting ‘episodes of their stay in the univérsity where orld to give-suggestions Phone 611-3 T BE DONE E GARAGE and Pit streets eeereccenecccccceoes: Liberty Bonds Wanted BOUGHT FOR €ASH—TOP MARKET. PAID The Security No. 4 Kimball Bldg. Loan Co. Phone 702 BEST BOWL OF CHILLIN TOWN 15¢ AT THE CHILI KING LUNCH ~ Back of Grand Central Bar. All kinds of Sandwiches at popular prices. Quick service, highest quality. MIGHT BE IMPROVED | “What do you think of the army as -|far as you have gone?” inquired a sergeant of a newly arrived recruit at camp. |, “I may like it after a while, but! Boulder, Colorado. Twa h = “tn ] t h ar, | . dred ; al, | ast iol T think there is too miuch seventy of them were from wens” ind’ fussing around between | and farther West. ar as th ly. —Tit-Bi 65 A Picg Pag =f South Cent, | aoe = QC ‘si S left for Tipton, I _ CASPER StoBace CO. cg, (visit her parents for a short time’ Storage, Hides, i ‘ool, ae will return with little Mary Lo, Reasonable, Reliable, Responsible. a4 Robert Hugh Reed who h : ieeubttious the a “got out from under” just in. time, 12-2-tf i i t - been staying with their grand for our army is composed of what FE Se for some timé. An at chia n x Osea 0: i rts x cov a . n n ittack of chick, tn i ee a and bas fant j ae * advertise me taé Daily pox may delily their return home. they expect to be back by Christm 8, Attorney) W. O. Wilson left yect., |day for Washington, D. C., on a bus jness trip in the interests of a |o.. } oil company: ? a ee SOLDIERS ARE ASKED TO LEND THEIR PAPERS — of Discharged soldiers are ro. * quested to leaVe or send their * discharge papers to. the adju. - * tant general’s office in Chey * enne, in order that they may be |* transcribed, thus giving the state + “ |* @ correct and’ permanent rec- + Con. Royalt: “ 4 |= i serv Gasper Embar 2. 00k © .004 | Oklahoma P& R. 9.87 10.00 |: Lhe He. Elkhorn 60.68 "8 + |S aiea, Bee GE RN the oe 602 604 Nad tered 2 Raia \* give a full history of all the en- Bo pes lew York Stock Exchange |* gagements and © other acti - p44 Stocks |* of the soldier during his entire Obe: Close services. By having this tran- « ee eS ee MGli 1611, * setibed, the State will have a 338 a Texas Oil a 187 1884 |* correct ~record of each man, pad 06 Sinclair Oil 343 344 io which it is hoped will be printed 5 B U. S. Steel. 97& 993.)° im book form, and in addition to * = BH pit 4 vs > * this, soldiers could secure a ERs es |* copy of their discharge at any ‘ cia | -16 Liberty Bonds |* time in case it were destr Republic - = 02 03% Open Close | + or Tost. Discharges will be ped oe wr oe LOS te 4 is cad sata, and promptly * ; tn a 185. | “2nd 4s = oR) <0800 lege hk wee ae .28 Ist 43s 97.30 97.20 |*« *« @ « 2.65 |~2nd 4is 95.70 95.70 y 1.56 3rd 4is 95.80 95.78 Wyo-Tex. -_. --. 45 -50 | 4th 4is 95.66 95.70 WYOMING CRUDE OIL: MARKET Big Muddy fude -- 1.50 FossiP _ Pilot Bu - 1.50 Lander . Dry Goods Section Ribbons Sei ett he at ee tet ete at tee tt We have the largest and most complete seleetion ever carried kere in <- the city. If you are contemplating making up noveltiés where Ribbons are ‘ required if will be to your interest to investigate. , Ladies Hosiery F The best the market affords from the inexpensive Lisle to the most + elaborate Silk. 1 Real Madeira Work t This beautiful hand-work is the very essence of refinement and +" good taste, and can be procured from us in Luncheon Sets.and 5 O'clock * 4, < “thing see} Seat Cut Out This List; It May Help You t Ladies? Waists Silk Underwear Manicure Sets f Leather ot Velvet Bags Ivory Wate Handkerchiefs % Evening Gowns Silk Petticoats ¥ Coats Furs Veils