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Show Published Every Saturday PUBLISHING CO., INC. Business A. W. RAYBOULD, Manager SUBSCRIPTION PRICE: .oi.iHina postage in the United States, Canada and Mexico, $2.50 per year, to all foreign countries, within the Postal for six months. Subscriptions $4.50 per year. BY GOODWINS WEEKLY 8ingle copies, 10 cents. Payments should be made by Check, Money Order or Registered Letter, payable to The Citizen. Address all communications to The Citizen. Entered as second-clas- s matter, June 21, 1919, at the Postoffice at 8alt Lake Act of March 3, 1879. City, Utah, under the Phone Wasatch 5409. Ness Bldg. 8alt Lake City, Utah. 311-12-- 13 - V- EASTERN BONDS OR UTAH, NEVADA AND CALIFORNIA MINE-S- WHICH? Utah mining men have, no doubt, looked with amazement upon audacious attempt that was recently made by certain predatory rests to kill in the bud a revival of the mining industry of this e. The vicious publicity campaign waged against George Graham nationally known sponsor of the Bingham Galena mine, one jhe most likely young mining properties that has ever been listed he Salt Lake Stock Exchange, has given the mining votaries ot state food for reflection. The series of newspaper onslaughts, while besmirching the industry and throwing suspicion on all legitimate mining k :ks, has netted the instigators nothing tangible except a tempor-setbacin the price of Bingham Galena stock and the mulcting Ihareholders by the decline. The assailants have not made good ;heir attempt to kill off the Bingham Galena and they have not ouraged the sponsor of the stock sufficiently to make him desert post in Salt Lake and lay down on the financing on the company, ich would be disastrous to the stockholders. THE CITIZEN has been searching to the uttermost depths of affair and has come to these positive conclusions : irst the predisposing cause of the attack was, and is, the id, grasping and monopolistic resolve and endeavor of an organ-io- n of bond brokers who are organized in both the western and ern states to kill off mining speculation in the interest of bond the en-mini- ng is. Second The superinducing cause was the fear of a strongly enched coterie who are heavily interested in prospective oil lands t a mining boom would seriously delay an oil stock furor. The San Francisco Chronicle and the San Francisco Bulletin. in the fJfing several months published reams of meritor-- k year, early The publishers of both papers mining stock advertisements. jpe waited upon by the bond brokers and peremptorily told to cut the mining stock ads. When they refused, they were threatened h a and boycott by the bond men. Finally they were bull-dosbled into omitting the mining advertisements, through threat of effective boycott and the promise of a large and increasing amount $ond advertising. and The bond sellers are daily taking out of California, Nevada gh large sums of money for the financing of industries located jJJther states, and they are actually forcing, cajoling or bribing, by bond advertisements of large size, many newspaper pub Jaers to undermine the industries of THEIR OWN STATES in the rest of the g cliques. They preach from a holier than thou platform and urge that is unsafe, whereas bpnd investments arc as safe speculation lng depositing your money in a National bank. They advertise that fds have been sold by them for, decades, without loss to any Jestor. ed id-f- or bond-sellin- As a matter of fart 95 per cent of all the bonds sold to the public during the past five years have declined heavily in value and many are unsalable in any market at any price, not even being listed on an exchange. Again, the only way loss has been avoided by purchasers of bonds that have been peddled with the slogan of decades without loss tn any investor, has been by the purchaser perforce holding unto the bonds until maturity, which in most cases, means a LIFE-TIMWith regard to the oil phase of the local attack, it is known that Salt Lake interests which joined hands with the bond selling outfits, have much money tied up in Utahs prospective oil lands. They have been hoping against hope that an oil boom would come along, which would enable them to incorporate a large number of companies and sell stock to the Utah public, thus disposing of part of their heavy holdings at a profit. Now Utah has plenty of room for both a mining and an oil boom. But the oil coterie evidently E. cannot see it that way. George Graham Rice came to Salt Lake five years ago. He was banquetted by mine owners at the Hotel Utah and made several financial engagements and underwritings. He delivered the goods then. He poured into this state hundreds of thousands of dollars for mine development. The very newspapers that have recently attacked him accepted large sums of money from him at that time for mine financing advertising. Back in 1906, the principal newspaper of the city printed eight full pages of his advertisements in a single issue. At that time the bond brokers were not organized for' predatory purposes and there was no Utah oil boom in the offing. THE CITIZEN is not deeply concerned in the adverse publicity recently given to George Graham Rice, except from the fact that it was done to kill off a legitimate Utah mining proposition with apparent foul intent. THE CITIZEN is, however, deeply concerned in the success of Utahs mining industry and also in the implied accusation against substantial citizens of Salt Lake who are associated with George Graham Rice in the Bingham Galena mine. The men forming the directorate of the Bingham Galena Mining Company are all well known citizens, of exceptional character and with strong public following. They arc men who would not lend their names and their assistance to any questionable mine promotion. But the manner in which Mr. Rice was assailed and the charges inspired in California against both him and Child, Barclay & Co., reputable local stock brokers, leads many to believe that no citizen of the great state of Utah would be exempt from vilification, cither direct or by inneundo, if he happened to get in the way of those who seek to monopolize the Utah, Nevada and California financial fiicld. The Bingham Galena today is giving promise of making one of the most productive mines of the great' Bingham Galena canyon |