Show A corporation INSPECTOR most of the mining states have a mine inspector the usefulness of this office has assumed such proportions as to make it quite indispensable it has become a necessity ces sity but there is another feature of the mining business which should receive just as much attention and which shou should id be under close supervision this is the corporation of mining companies of course there are state laws regarding all corporations but these are inadequate to detect and eliminate objectionable features it is so very easy to incorporate a mining company that ansei unscrupulous people very often take advantage of this fact to unload worthless stock on the public we have bank inspectors insurance inspectors spec tors and so on but there is no particular office whose special business is to look after mining company affairs it should always be under inspection by competent and reliable authorities who should see that its affairs are honestly bo nestly conducted A great percentage of the failures and frauds in mining can be traced to company compan y manipulation rather than to lack of merit in the actual property direct inspection of the business management of mining corporations po rations would certainly result in more real mining and less stock jobbing the now new nevada law provides that every 4 mining company make a semiannual semi annual report including the financial condition work done on the property bullion report and other important details it also requires that a copy of such report be sent to each stockholder utah would do well to adopt such a measure and in addition provide for a mining company inspector whose duty would be to see that the law was enforced and that statements made by companies we were re correct such a course would drive the fake promoters and wildcatters wildcat to cover and would soon give utah a reputation for honest mining that would prove a big card in drawing capital to our mineral resources |