Show assessable STOCKS elsewhere we publish a rather lengthy list of assessments on utah stocks people there are who will have nothing but paid up stocks yet the assessable stocks provide the necessary means for the advancement van cement of the mining industry why are so many assessments being levied at this time and what may be ex as a result the answer to the first part of the question is easy those with stock to sell have found that the market was indeed unsatisfactory money for mining has been scarce when sought through the sale of stocks so recourse ds had to assessing the stocks to gain the necessary capital to go ahead with development without being able to assess all would have had to reorganize and reorganization is always expensive to the small stockholder As to results we ve do not need so much the man of nerve and push to develop our mines make a fortune for himself climb on a pedestal and ever after refuse to assist small operations as we need to have the rank and file of our citizens interested in mining pursuits and to have ownership of properties in many hands conditions in many one mine camps verify this contention the first result then is a revival of interest in mines rather than in mining stocks the many small contributions will be set at work in actual development it is the multitude of small mines under development that spells success for the mining industry not the shining example of th thi big producers who can doubt that the small operators contribute Ls heavily to the progress of the state as the larger companies mining activity goes in cycles the large assessment roll for the present fall indicates ia a large amount of winter work and machinery sales are confirming the indications from this work the value of many stocks will be enhanced As the cycle proceeds mining stocks become once more desirable buys and prosperity results for the brokers one of the signs of a better stock market in the spring is the large number of assessments of the tall fall the most potent objection to assessable stocks is the ease with which stockholders may be assessed out and the control oi of the property brought into a few hands it ds as just as easy to run the affairs of companies with pal paid up stock and which are in the same stage of development as those where holders are assessed out in such a way that the property appears worthless and liquidation the only relief under diqui stion P proceedings roce edings it is just as easy to squeeze out the weak members as it is under assessment levies so this objection applies as strongly to one kind of stock as to the other the experience in utah camps has made the assessable stock basis the favorite for mining companies |