Show assessable fllming STOCKS half a i dozen aezen men or more secure a group of valuable and meritorious claims and form a company tor for its operation the stock of the company is non assessable but a certain portion of the capitalization is set aside for treasury purposes contrary to expectations the amount raised in this manner Is not sufficient to develop the property into a producing and paying mine funds necessary for further operation are not available unless the stockholders contribute voluntarily A few of them are willing to meet the emergency the others are not and as an assessment cannot legally be levied the mine is closed down indefinitely A similar company is organized on property equally as meritorious but the stock of the association is made assessable the property has not passed from the stage of a prospect to that of a producing mine when the proceeds from the sale of treasury stock are exhausted A light assessment is levied and work progresses even then the ore bodies are not disclosed and a second levy is made perhaps a third or a fourth pay ore is finally encountered or should be if the ground is favorably located and the enterprise turns out to be a profitable and paying proposition the shareholders of company no 2 are all right 2 and have not only y been reimbursed for the money invested but they are deriving in a steady income with their hoa holdings ings enhancing in value daily company no I 1 is at a standstill and will hardly be able to reclaim ini the amount of the initial investment unless a sale is made of its property or the mine is worked by lessees lessels les sees the moral is plain to be seen no other line of business bu giness would be conducted on the same basis as that follow followed led by company no 1 disaster would invariably follow such a course in ill colorado all mining stocks are non assessable but to provide for sufficient funds the capitalization of mining ecta banies is run up into the millions in Ci alifornia fornia all mining shares are assessable by bylaw law while in utah it is optional with a tendency to make all companies assess able the colorado plan meeta with success generally Ten rally on account of the larre large but with co companies ilip anies wi with th but a limited amount of stock the sale of treasury shares would hardly bring success As a rule investors need have no fears wa when ic n i interested in companies whose stocks are assessable |