Show THE WEST SHOULD standardize ITS COMPANIES GREATER attention Is being given de tali of company organization today than ever before in the history of mine financing there tas lias a time then practically every new mining company was tins capitalized for esith ii ath a par value of 0 shares at 1 corporation taxes have baie caused a scaling down of capitalization and laus in III some borne states prevent overcapitalization the vise alse method seems to be to capitalize a company ata figure commensurate aith the company assets and if at a later date additional capital Is needed to increase the capitalization the financing of nn an oer capitalized company Is carried on oil under a handicap failure very often results othere success would be attained it if tile the company had been fairly capitalized the elpe experienced investor refuses to buy stock in an over capitalized company tile the state of texas lias taken a froni bornard ard movement in tile alie matter of capitalization in that state a companas comp anys capitalization Is based on oil assets A company to in incorporate corporate for say must lune late leases cases cash and equipment totaling As it a result the newly incorporated companies of texas are of a higher ape than er before in fit the history of that state it if it mas not for the desire of tile the backers of bluesky blue sky sly legislation to kill hill olt off coin competition pet it toil it bould be very easy tot for hose brilliant financial giants to frame laus lans to kill hill companies and at the same time not interfere nith the legitimate bluesky blue sky laus of gestern states should e exempt empt mining shares instead the they exempt stocks listed on oil the exchange and the curb in new york and handicap the man mail tho nho employs labor and adds to ue western tern prosperity western states should adio advocate cate a definite nite standard in mining all and d oil compan companies leg when a coulta company I 1 ay Is to develop a property it should be of such a bagh standard that it mould be above aboe Conserva the capitalization za tion on oil real assets Is one aay ay to reach this greatly desired standard denner denier mining and financial record |