Show stockholders ERSY RIGHTS we have mentioned from time to time some of the reasons which induce investors to stay out of the market one of the strongest is the whipsawing whip sawing received by them from the managements of many companies we referred in our last issue to the game as it was recently operated by one company in the tintic gintic section of this state readers can recall many other instances of the same thing in this and neighboring states in fact a little reading between the lines of press dispatches at the present time would indicate that nevada is experiencing the same thing the latest case in utah has to do with a company whose management is alleged to have misappropriated mis appropriated funds made false returns and an d otherwise deceived the stockholders and in this case directors as well this was evidently a case of directors who do no not t direct and some measure to make directors direct ors responsible for the proper conduct of the affairs of their company would have prevented this the mining age of new york says clit it is not out of place to suggest that utah operators might possibly find the confidence of the public more implicitly placed in them were the operations of properties in that state maintained on a little more teady steady basis and then specifically mentions tintic gintic as being the worst offender a fact well known to local mining investors it is a fairly well observed custom in england for stockholders to attend company CC P pany meetings a careful v arbatin L record bel kept and published of the 6 s discussion took place at the meeting which record at sent to all interested in thi is sway th 0 terest of the stockholder is stimulated I 1 aa A fl dl rectors and management are brought kiil ra closer touch operations are made bubli double fl dealing ealing is made more a difficult biffle a it the th utah case mentioned above was an all english enet company which probably did not follow this thi custom it will probably be objected thit that stockholders in this country are too widely scat but we are aware of certain local locally owned stocks of companies which hold their meetings locally where this custom could cauldle be employed with beneficial i results to the man argement directors directo rs stockholders and mining public so long as directors are allowed to make use of inside information to manipulate stocks and to carry on oil the affairs ol of the company completely in the dark so ion long will the tendency of min mining i ng to la languish n au is h increase let us have more publicity it is the undeniable right rig hit of the minority stockholder |