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'"'The responsibility® tor (the present disaster in the mining stock market, which has resulted in the loss of tens of millions of dollars to the people of Ontario, must be placed at the door of the Attorney--General and the Govern-- ment of Ontario. Reference is made in the Speech from the Throne to amend-- ments to the Security Frauds Preven-- tion Act. The people of Ontario are interested in suggestions as to 'f'uture regulations, but just now they are much more interested in seeing a thorough investigation of the business of mem-- bers of the Standard Exchange for the past five years. It is true some action has been taken to deal with a few of those who appear to have swindled the public, but I would like to point out that this action was taken only after a good deal of pressure from the public platform and the press, following the action of the Alberta Government in arresting two -- millionaire mining brokers of Toronto." Newspaper Accounts. At some length Mr. Tweed read from newspaper clippings to show that if rumors about the conditions of broker-- age houses could be hceard on the street --even in Alberta--there was no reason why they could not have been heard at Qusen's Park. On the morning of June 28, 1929,. the following item, according to the North Waterloo mcember, appearecd on the financial page of the Mail and Em-- pire: be entirely a bull market, which would proceed on and on without any stopping place. It would be better if more of the public were on the short side occa-- sionally. On the New York market clients can borrow stock and go short, and it would be beneficial if facilities were provided here along the same lines. As it is, the broker is often placed | in the position of appearing to be sell--} ing against his clients, as he has ad-- vantages not shared by ther_n." 4P "To those who have considered that short "selling of stocks was not legiti-- mate, and should be prevented by law, the remarks of Hon. W. H. Price at the cpening of the new Standard Mining Exchange last night will come as some-- what of a surprise. If there were no short sales, said Mr. Price, there would _ '"No, I don't," came the answer. "A. legitimate broker should not be on either side." > _"Do you agree with that?" asked) Colonel Price of Mr. Tweed. $ _ _"What is your opinion of short sell-- ing?" asked the AAtt,_q}'_ne_y-(_:'veinlgral. _ "You just wait. I'll deal with that a little later," replied Mr. Tweed. Fraudulent Practices Alleged. From Nov. 7 right up to the present the Financial Post had, said Mr. Tweed, published weekly articlee and letters exposing "bucketing," short manipulation and other fraudulent practices. $ "It is hardly likely," he added, "that the Attorney--General and other mem-- bers of the Government did not have their attention called to these articles and letters. In fact the Financial Post of Feb. 6 states that certain ar-- ticles appearing in the Post each week were placed before the Prime Minister and the Attorney--General of each of the nine Provinces." Mr. Tweed referred to the Premier's reference during the debate last week "to the conflict of jurisdiction between the Provinces and the Dominion." _ "I think he will find," he went on to say, "that the majority of the mem-- C DuJ + en ie o en en o ol in 1 1 es e c lq ol bers of the Standard Stock and Mining Exchange are partnerships or are operating under letters patent issued under the Companies Act of Ontario. The Prime Minister also referred at length to the fact that the Govern-- ment had consulted with bankers, brokers, business men, R. G. Dun & Company apd .Bzadsfyget's as to the Compel Every Broker method of handlinse the present situation. By this date the Govern-- ment inspectors and auditors must know the exact number of shares that each brokerage house is short. If this information is available, the Attorney-- General's Department should compel every broker to immediately cover his short sales. "'Give the Government authority to appoint an auditor of outstanding abii-- ity and integrity, who, in turn, will draw up a list of appruved auditors, from which each firm of stock brok-- ers shall select their auditor, which auditor shall make a return at leasd quarterly to the Government's official auditor, the scope of the audit to be determined by the Government's ap-- pointee.'" Clifford Case (Conservative, North Yo*k) moved the adjournment of the daebate. agth. ~ > 'gfé%s"t;Middlesex Council Favors o be -- Steps to Stop Fow!l aP* Thetfts ~ (Staff Correspondence of The Globe.) London, Ont., Feb. 18. --Chicken stcaling is again rife in Middlesex and the County Council has asked Hon. J. $. Martin, Minister of Agriculture, to assist in having the law amended so that dealers and others buying poul-- try will have to keep a record of all fowl bought, together with the name of the party selling it and his address. At present it is necessary to have & permit for the transportation of poultry on the highways, but this does not seem to have remedied the situation. _ _ The bill confirms an agreement be-- tween the Toronto Electric Commission-- ers and the Town of Leaside for the construction and distributing system in the town, and also an agreement with the Governors of the University of To-- ronto regarding the west line of Uni-- 'versity Avenue. TORONTO BILL ~ I$ INTRODUCED IN LEGSLATURE The measure also gives the city right to exempt from taxation any clubhouse operated for Great War voterans, and confirms an agreement with the Vil-- lage of Forest Hill, the Township of York and the County of York for the onstruction cof a bridge on Bathurst treet. and gives the city the right to crrow $40,000 for thsir share after the electors have given thsir assont. __It also validates an expenditure of $8,621 for giving information to the electors of Toronto in respect of the town--planning by--law, a grant of $1.529 to the Argonaut Rowing Club, another grant of $25,000 towards th> expense of holding the annual Shrins Conven-- tion in Toronto in 1930, and a grant of $25,000 to the Fedsration for Commun-- ity Service for 1929. Transportation -- Commission before April 8, 1929, in acquiring the capital stock of th:r Gray Coach Lines, and formally giving the T.T.C. full authority to establish and operate motor vehicle transportation services outside the city limits, a Torento bill was introduced into the Legislature yesterday afternocn by -- Russell -- Nosbitt, Conservative, Bracondale. Confirming all acts of the "I'oronto