Hogg campaigned for a second term in 1892 on five principles : to uphold the state constitution, to support the Railroad Commission, to stop the railroads from issuing watered stocks, to regulate the issuance of county and municipal bonds, and to regulate alien land ownership.
12.
We had already guaranteed the rich men's money, and now, by this act, the way was opened, and it was intended that we should guarantee their watered stocks and steal as it world have been if they had included all they hoped ultimately to secure.
13.
"If you believe in the free market system you have to have a scorecard that works, " said Bill Parish, a former accountant and auditor who is an independent investment adviser in Portland, Ore . " The scorecard has been completely corrupted and the biggest way it has been corrupted is through the issuance of watered stock.
