Show NON assessable STOCK during the past year in utah and elsewhere several mining companies of note and prominence have amended their articles of incorporation so as to make their capital stock assessable one of these to the knowledge of the writer has thereby snatched success from the very jaws of failure and will soon take rank as a heavy producer and dividend payer non assess able stock in the ears of the eastern investor lacking experience along the lines of the mining industry has a pleasant sound hut but the luring note carries with it an element of danger a harbinger of loss one of the catchwords catch words of the dealer in valueless and wildcat mining stock is that it is non assessable the buyer of the same game puts it away in his strong box and rests content with the thought that all expense attached to the transaction is at an end and that no designing mining company can call on him for further expend expenditure in the way of an assessment in due course of time he begins making inquiries regarding his investment and finds that there isi Mno nothing thing doing as the treasury is exhausted the treasury stock is all disposed of and the company has no means of further developing its property unless a loan is made and the holdings of the company morta it is also highly probable that the company has no patent to its claims and that by reason of its inability to provide money for the performance of the annual assessment work provided by law all right to its property reverts to the government and it passes into other hands in such instances the stock buyer has his non assessable tock and that is all on the other hand when a legitimate mining company incorporates its stock should be made assessable as there is no telling what contingencies may arise it is always the hope that the proceeds from the sale of the treasury stock will be sufficient to develop the companas comp anys property and place it on a producing and paying basis the heavy shareholders of all others would be adverse to the levying of assessments unless absolutely abol necessary and should this become a necessity they would be called upon to make the largest payments the company always has resources when its stock is assessable and a as s long as its property is possessed of value and promise because the stock is assessable there is never any danger that the property of the company will ve be lost because of insufficient assessment work and if the mine turns out to be what it was hoped it might be in the beginning it is not long before the stockholders are reimbursed re for all expenditures with good profits added to the amount besides which they own something which will doubtless make them a steady income while increased value has been added to their stock where a mining company has unlimited means at its command it makes but little difference whether its ita stock is assessable or assessable non but when its resources are slender and limited to the sale of treasury stock at a few cents a share it is a poor policy to handicap itself by making its ita shares assessable non and so threaten its very existence and curtail its chances of success |