Show A STRONG point made by wildcat wild cat mining companies in the endeavor to sell treasury stock is that their shares are non assessable I 1 e to the uninitiated this may seem to be an advantage but to those versed in mining affairs such a statement is an indication generally of the he worthlessness of the stock and also of the company paid up and nonas non as ses sable sounds good but this is a dangerous proposition to tackle unless indeed one wants to tie up his money indefinitely and is disposed to wait years and perhaps forever for any returns As a general thing a property that is worth incorporating upon requires the expenditure of considerable money before it reaches the stage of a producing and paying mine in nine times out of ten the proceeds from the sale of treasury stock will not bring development to this desired point when if the stock of the company is nonas non as ses sable further work must be suspended unless individual holders are willing 11 to make advances which becomes a debt aon upon the property if the stock is assessable a small assessment can be made from time to time and work can be cai carried ried on continuously until it is determined whether r or not the mine is of any value of course the stock buyer in in a prospective mine takes his chances even in assessable shares but in buying non assess able shares in nearly every instance he is virtually throwing his money away it is a safe proposition to say that if a mining property is possessed of any merit at all that it must be worked and developed and this takes time and money and the stockholders are the ones who should furnish funish the means |