Ohio General Statistics Volume 6

Ohio General Statistics Volume 6

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1920 edition. Excerpt: ...of corporate funds and to see that orders issued to govern the sale of such securities are conformed to. The Blue Sky Law, however, has accomplished much good. It has reduced promotion cost and expense to a minimum and has kept out of the state many "fly-by-night," impractical, and fraudulent promotions, and by these means saved millions of dollars to the Ohio investor. Every dollar so saved to the public through elimination of fraudulent promotions and impossible enterprise is a dollar available for decent business that aids in the upbuilding of the state. In a steadily increasing measure organizers of new enterprises are adopting the department's suggestions for organization along lines that have been found fair and practical in business experience, and as a direct result of the efforts of the department, careless and unfair practices of corporate organizations are giving way to sounder methods to the advantage alike of business itself, which is thus made easier of financing, and of the investing public. That the law has been fairly administered and that no substantial injury has been done to business is fairly evidenced by the fact that in no case has an appeal been taken from any decision of the Commissioner although the act provides a ready method of appeal to the courts, and it is exceedingly gratifying to the department that its efforts to protect the public from fraud and unsound promotions and to encourage and assist conservative business has met with general commendation and hearty co-operation on the part of legitimate dealers and business men as well as from the people generally. The department will endeavor to deserve their support, and wherever possible to extend its field of usefulness. RECEIPTS AND DISBURSEMENTS. Below...
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Product details

  • Paperback | 100 pages
  • 189 x 246 x 5mm | 195g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236526775
  • 9781236526779