The Mining Congress Journal March, Vol. 8

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Excerpt from The Mining Congress Journal March, Vol. 8: March, 1992Mr. Woodruff suggested that the U. S. Might secure a simple and efficient protection against fraudulent securi ties transactions by adopting the British law, which pro vides that the enterprises seeking promotion shall file with the government its plan of action, costs, and a state ment of percentage of profits which the promoters will derive. He also suggested that securities be plainly stamped as treasury or_non-treasury, indicating the actual amount of the money going into the enterprise. He made the direct statement that many state blue sky laws are not accomplishing their desired results and said that only by Federal action can the states, which have found their own legislation unable to cope with the situa tion, secure protection.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.