150 NEBRASKA STATE HORTICULTURAL SOCIETY. 



from the Arnold Arboretum, Boston," by Prof. R. A. Emerson, of the Uni- 

 versity of Nebraska. 



As this lecture was in the dark, and was merely a talk upon the views 

 which were thrown upon the canvass, it was impossible to record the 

 proceedings. 



At the conclusion of the lecture Mr. Frank G. Odell moved the adop- 

 tion of a "Blue Sky Resolution" in regard to western lands and orchard 

 ventures. It was moved, seconded, and carried that the report adopted 

 by the Agriculturists at the Nebraska Country Life Congress, and at the 

 convention of the agriculturists being held in conjunction with this meet- 

 ing of this society, be adopted. A copy of the resolution here follows, 

 and is attached hereto and made a part of this record. 



RESOLUTIONS. 



SPECULATIVE INVESTMENTS. 



Whereas, a large proportion of the investment propositions now of- 

 fered to the public are of speculative and doubtful character, absorbing 

 vast amounts of money belonging to uninformed and innocent investors 

 to the serious detriment of every legitimate form of business and indus- 

 try, and, 



Whereas, a considerable proportion of these doubtful enterprises are 

 speculative land-selling schemes which can not be reasonably expected 

 to yield profitable returns upon their fictitious capitalization, which is 

 reflected in corresponding increase in prices of agricultural lands in sec- 

 tions where permanent agriculture has passed beyond the experimental 

 stage; such speculation and consequent rise in prices imposing an added 

 and unnecessary burden both upon the producer and the consumer and 

 increasing the difficulty of securing a home; therefore be it 



Resolved, that this Congress sets the seal of its disapproval emphat- 

 ically upon all forms of speculation of this character, and particularly 

 upon such as are based upon speculation in lands which, tend to absorb 

 the earnings of Nebraska farmers and reduce our agricultural population; 

 and be it further 



Resolved, that the legislative committee of this body be instructed 

 to cooperate with the Director of Conservation of the State of Nebraska 

 in preparing a bill for introduction at the next session of the legislature 

 providing for registration by authorized officers of state of all invest- 

 ment concerns seeking to do business in Nebraska, and the examination 

 of the business standing and reliability of such concerns and the invest- 

 ments they offer, where such investigation is required. 



It now being twelve o'clock, noon, Thursday, January 18, 1912, the 

 business having been all finished, all the papers read, and all discussions 

 had, the Forty-third Annual Meeting of the Nebraska State Horticultural 

 Society adjourned. 



