Show legitimate PROMOTING at the present time the whole country is being flooded with stock of almost every dery description in which the wild wildcat c cat a variety var e y predominates As a matter of fact so prolific is the offering that the investing and speculating public is fairly bewildered and it is invariably a difficult matter to separate the good from the bad the chaff from the wheat it most generally being the case the more silver tongued the salesman the more worthless the stock many states have adopted the blue sky law which is some protection to would be buyers and this is a step in the right direction although it may happen that the censor may sidetrack what is really a meritorious proposition the question is often asked what is legitimate promoting of course there is an element of chance in every moment of our existence A man takes a chance in jumping from a balloon if he is equipped with a parachute it may or it may not operate successfully cess fully but his life may ie DC at stake and he is willing to take the chance the farmer sows bows his grain in the spring taking his chance against drought too much rain or leveling winds that he will eventually reap a harvest and no one is absolutely sure that his business ventures in everyday every day life will succeed in mining as in other walks of life there is a possibility of failure but this will noa deter determined and experienced men from eng engaging in the mining industry the legitimate operator does his best to provide against failure but he cannot guarantee success his first aim is to secure really Yvo bable and promising ground in a mineralized mineralize section or district he believes in his property and has unbounded faith in its alti ulti ultimate successful outcome if he incorporates a company every dollar received for thestle the sa of stock is honestly and intelligently expended in mine development and equipment exploitation of the companas comp anys prop pra erty may prove the lack of the essential essell element necessary for success an abundance of payable ore and yet this was a legitimate operator does his best to provide suc s against failure but he cannot guarantee TO cess his first aim is to secure really able and promising ground in a mineralized mineral his bis prop pr section or district he believes in ul ultima tinte faith in its erty and has unbounded a successful outcome if he incorporates company every dollar received for the sale of stock is honestly and intelligently expended in mine development and equipment exploitation of the companas comp anys property may prove the lack of the essential element necessary for success an abundance of payable ore and yet this was a legitimate promotion A wildcat wild cat is a proposition where the promoter never expects that the stock buyer will ever make a cent the promoter will never let him receive any returns from the money invested if he can help it and for the reason that the receipts from the sale of stock never get further than the pockets of the promoter if the company the promoter represents has any property it is usually valueless val uless to begin with for there is never any intention to develop it into a mine but little if any of the stockholders money is expended in actual and legitimate mining development it never was intended it should be by the gold brick manipulators and in course of time the company is known only in memory and the investor realizes he is swindled the percentages of success in mining operations erat ions can well be given as not more than ten in a hundred and this is largely due to the injurious methods of the wildcat wild cat ter and should not be charged against legitimate mining operations |