Show WARNING TO stockholders colorado springs mining investor it is not safe to keep s tock stock for any length of time in any name except your own people generally are under the impression that where stock is in the name of some persons as trustee or 11 agent that such stock can safely be held by them and thousands of people are doing it today A great many of these persons do not even know the person whose name is on the stock they are holding their whole reliance being on the fact that following the name is the word trustee or agent this is a great mistake and risk which people should be warned against for the courts have decided that those words trustee and agent following a name on the face of a certificate of stock mean absolutely nothing or as they say are words of description and that the stock belongs 0 to the person whose name is on the stock 0 for instance A certificate of stock in the name of john smith trustee belongs absolutely to john smith and can be attached on the books of the company for johns debts and sold in satisfaction of the same and the person holding that particular certificate will wake up to find that it is worthless there are many shares of cripple creek stocks now in the hands of somebody probably lying securely at th the bottom of the trunk or in soak or otherwise carefully preserved 3 that have long ago ago been attached ached and sold as the property of the person whose name as trustee appears on the face of the same sam there will be lamentations great when those persons wish to sell or transfer those stocks more and more of these cripple creek stocks are going to be attached and sold in the future for creditors are only beginning to understand that such stocks can be reached for debts so that the danger of keeping 1 stocks in other peoples names will be greater as time goes on some broker firms in this city do not keep stocks of this character in their offic offices es over sixty days without transfer or sale and this is a safe plan of course our brokers broker S understand these things perfectly well now but individual speculators in stocks who buy a few thousand to put away awaiting a rise in price are the ones who need to be warned against keeli keeping g stock in any name except their own many people choose to have their stock in some name as trustee for grafl purposes and that is the only advant adva atle 14 18 there is in it undoubtedly stock placed in some name as trustee and digelos di disclosing selos ing tha be efi ciary as john smith trustee for aary doe would not be subject to john sinith debts but this would defeat the 8 purpose peo n 0 pie have in using the trustee form as there ownership would stand revealed it is A ably true that one owning trustee stock could come into the attachment proceeding and have it released by conclusive proof of own enship but the trouble is one would probably never learn of the suit and would only be m al of it by finding that his stock could not be transferred because it had been sold if this warning shall result in protection protect in in lawful and innocent holders of stocks from loss it will not have been made in vain |