Show THE assessment ABUSE from time to time we have advocated assessable stock and believe it to be essential to the success of many mining ventures it is a good thing however that can be carried too far and its application in the wrong direction is as bad as the lack of it in the first place the assessment abuse is becoming more and more alarming especially in the west and is gradually turning the public from really meritorious stocks i assessable stock can make for harm in two tavo ways in the hands of unscrupulous men it can be used as a means to freeze the little fellows out and this game is worked every day assessment after assessment ses is made on an excellent property and the funds misapplied or actually stolen this procedure is repeated until the smaller and poorer stockholders are forced to relinquish their shares and the mine is then profitably worked by the insiders the other evil remil resultant tant from assessable stock is due to ignorance or an unreasonable faith in the merits of a property when the treasury stock is exhausted more money must be raised and the assessment is the only recourse but before a property is assessed some assurance should be given that the management is reliable and efficient fici ent A reasonable amount should be expended even of assessment money and the property given every chance to make good but when they get up to assessment no 3 33 no 62 and even higher it is about time to look around jor for another tion with such examples can it be wondered at that people are a little skeptical on assessable ses sable stocks by the time one has paid a fair figure for his original stock and has then added about thirty assessments he will have to get an exceptionally high price on his shares to break even there is is only one way to guard against this assessment ses abuse land and that is for stockholders to watch carefully the work of the management and invoke theair the aid of the law if such action appears necessary |