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12 March, 07:37

List the "Hogg Laws" and explain their purposes. (Site 1)

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  1. 12 March, 08:04
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    The laws and their purpose are written below

    Explanation:

    Hogg campaigned for a second term in 1892 on five laws which are

    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.

    The reason for the first to third law listed above is below.

    Attempts to establish a railroad commission in Texas began in 1876 ... Hogg, a liberal Democrat, permitted the legislature in 1894 to create the Railroad Commission, giving it jurisdiction over operations of railroads, terminals, wharves, and express companies.

    The reason for the fourth is below.

    Municipal securities are subject to the antifraud provisions of the federal securities laws.

    The reason for the fifth law is below.

    Mechanical and constitutional effectiveness
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