Show COMPANY OR PRIVATE STOCK in seve several ral of the western states this winter an effort has been made by legislation to correct some of the abuses connected with the mining industry in colorado for instance the state legislature has in hand a bill which if enacted into law will prove to be a great protection to the stock buying public and which will protect the interests of every investor be ho he large or small for instance one of the clauses in the measure is to the effect that an officer of any colorado company who is authorized to sell the treasury stock of the company must not dispose of any of his personal onal or incorporators stock without first making known the fact that it is private stock that he is disposing of this is s one of the good f features e of the proposed bill and if made into a law will eff effectually r check the robbery of such company and of investors by off office leers s of the company who may be in collusion ath IV th each a h other and who are working for th the P enrichment of a small coterie of officers and in corp orators at the expense of the company and of buyers of stock there can be many instances cited of the absolute destruction of a mining company and the extensive bleeding of the public 11 by the use of dishonorable maans on the part of conscious consciousness less officials it is no rare thing for a company to advertise the sale of its treasury stock and for its officials 0 to o fill orders with personal or private stock the buyer being led to believe that he has purchased treasury stock and that the proceeds from such sales will go in into to the treasury of the company and be used in legitimate mining operations development v elop ment and equipment instead the money he has paid in for his stock goes into the pockets of the dishonest officials who perchance after disposing of their entire personal holdings may resign from their positions leavi leaving leavina nL the company without head and with an empty treasury while the buyers of this private tock stock are the victims of a plot which in nearly nine times out of ten robs them from any returns on their investment such a company with such dishonest officials is generally wrecked by such proceeding ls it is true that it may still have a largo block of treasury stock to dispose of but a reorganization will need to be affected before it can hope to reach a substantial basis and with its reputation somewhat punctured and shattered it would be difficult to again regain the confidence of the investing public it may not be generally known but it is a fact that many mining companies adies are organized for no other purpose than to enable its officers to dispose of their personal holdings this done the comp company iny sinks t into oblivion the conspirators rising again 0 in new roles and under new names to repeat the performance all stock certificates when issued i should be marked treasury stock or in corp orators stock at least this should j be required until the treasury stock of the 1 company is entirely disposed of this in a measure would be some protection to the stock buying public i but uie the best protection where there is no state or federal law in effect is for a mining company to compel the pooling of its stock until sue lucli t time me as the treasury stock is sold or until the finan cial condition of the company is I 1 s such as to place it in no danger should incorporate ors or personal stock be placed on the mar ket tha object in the incorporation of a company should not be stock manipulation or speculation but for the purpose of maks ing a mine for its shareholders shareholder a prodoc ang 0 and dividend paying proposition after this there ther a might be activity in the whole capitalization capitalize 1011 of 0 the company the price of shares acing based on actual value actual production and actual dividend paying pa ing capacity |