Show assessable NON STOCKS the demand for non assessable stocks among eastern investors is a condition that often leads to disaster and heavy losses such investors mean well and are fully satisfied that such stocks and securities are by far the best and most reliable of all investments As a matter of fact however they stand a chance to take big losses in this class of in investment and speculation and hundreds of promising and really meritorious properties are doomed to failure and idleness because of the non assessable clau clause se in the articles of incorporation of the companies owning the same jt is often the case that a assessable non company after the exhaustion ants treasury stock and the expenditure of the proceeds from the sale oi of the same finds that it underestimated the cost of opening the mine as it I 1 should be to place it on a producing and paying basis funds are lacking for further operation era tion the company cannot replenish its treasur treasury y by the levying of assessment individual stockholders are loth to put up 17 and the only alternate is to to mortgage the property or close down the latter proceed ure us nally being recorded for years therefore work is suspended the stockholders cannot hope to obtain profit on their investment they begin to kick and finally are wrought up to such a frame of mind that they are ready to condemn mining in all its branches and every mining man as a shark and a fake in many instances such failures might have been avoided by making the company assessable in the first place and then whenever necessary the levying of a small assessment going on the principle that if a minin mining 9 property is possessed of any value whatever it is worthy of development the question nat aurally arising who should pay for this development if not the stockholders of the company the writer knows personally of a number of big biff utah mines now paying regular dividends which before they reached this desirable condition were assessed time and time again of course in every case a number number of stockholders were advertised as delinquent and sold out as they should be if they were unwilling Z to protect their holdings this to some looks hard but the rule holds good that if such holders are unwilling to develop their possessions they are better out than in as the most promising prospect in the heart of a rich mineral belt is no better than so much barren ground so much acreage on a mountain side without development and exploitation it takes money and lots of it to transform a prospect however promising and valuable into a producing and dividend paying ing mine mine and the money to keep up this expense must be raised by some means and what better method could be devised to meet this demand than by the levying of an assessment of a cent or two a share in colorado mining L stocks are non assessable but in order to provide the means for mine development the capitalization is made excessive way up into the millions and really to possess any stock worthy of mention there the stock buyer must buy a trunk full of such se sureties cure ties or he is not in it to any appreciable extent when the company reaches a dividend paying basis the man who would buy a horse or a cow and then fail to feed the same would be deemed foolish in any country the same applies to the investor who becomes interested in a mining proposition and who is opposed to putting up for its development when the treasury surplus is exhausted the same condition holds good when one of the owners of a prospect or claim is unwilling to chip in for its development such unwillingness accounts for the idleness and barren condition of thousands of promising prospects in this intermountain country |