Show 0 4 incorporation ON A BOND 4 there should be a law on the statute books of every mining state prohibiting the incorporation of a mining company on a bonded property on property to which the incorporators of such company have no more title or interest than an option to buy and to pay for within a certain period the mining industry of the west has enough to contend with without the stigma that attaches on account of the many failures incident to the incorporation of a company on bonded property and the losses which almost invariably accompany such procedure in many cases the incorporation of such companies is but a degree removed remove ct from highway robbery and for the reason that in nine cases out of ten the bonds are not taken up resulting in an entire loss to the purchasers of treasury stock in such corporations to protect such innocent inno cent purchasers therefore and to purify the atmosphere ot of the mining industry to lay barriers in the way of gr and wild batters the legislature lature of every mining state should enact a law making it a penitentiary offense to incorporate a company upon property that is not owned by the incorporators by right or location or by outright purchase the laws of california are very stringent regarding the organization 0 of mining com coi banies and severe penalties are imposed where exaggerations and misrepresentations are made concerning mining property where untruths un truths are set forth in mining pro prospect spec I 1 uses and where effort is made to anlo unload ad worthless mining stock upon the public this is right and not only protects the investor but also strengthens the legitimacy of mining and encourages and promotes thy tho growth of this important industry prospective buyers of mining stock should make of the fact sure that the company in which they are about to invest is the ab solute owner of the property upon pon which its incorporators is based if it is upon a bond only except in exceptionable cases such stock should be eliminated from the list ot proposed investments |