Show Lesson in Asses Assessments ments I I By Ira C. C Tichenor I COMMUNICATION TION ha keen been received from froma a Salt Lake subI subscriber sub- sub I scriber signing himself c T tT U. U reciting the fact that while ring ing ing occasion to be in Provo one day last week he lie took toot advantage tc he the opportunity to attend the delinquent assessment sates sales of the HUl Hili and Tintic Central companies In ln In pleasing contrast to some of ot our recent local assessment sales W Wable was able manner in which the sales saks were conducted the writer declares res t. t ji I stated that while the attendance was small the bidding at at each sale spirited for the comparatively small amount amount of ot nt stock with L result that some of ot the sales were at a figure eyen even above the current et ct quotations Some of ot the buyers it is Js stated were ot the panics mentioned The letter concluded as follows Your very cry timely mely articles of ot r recent cent date on the tha assessment sales dais may be bl he he means of ot curbing that abuse lse and the investing public very much indebted to you yon in y your ur efforts to secure secure them a square 1 and an honest run for their money The conscientious actions of in of ot of some mining companies in the conduct and especially at the sale of ot delinquent stock seeming is Js proof s. s there t there h re is no good and sufficient reason why hy In any Instance there should ground for suspicion that the interests of ot investors have been neglected k Certain it is to the interest of every company whose property still Is ii the he prospect class and which depends to a greater or less extent upon I contributions in the form of ot assessments of ot its stockholders to pr protect III 1111 Investors in every possible manner This does not mean exclusively I I se e investors who fo for on ona reason or another perm permit t their stock to become i I t but it includes those who have paid their assessments in good It J I I I h hand jand and d then have seen the market price of ot their stock slump sump off ott as the Jit It of ot the dumping onto the market of ot stock which some buyers were able acquire quire re merely by the payment of the amount o of the assessment plus plu inconsequential charge tor for costs I sO It Is a matter for congratulation however that the poorly regulated worse wore proceedings proceeding at assessment sales saies have become an except exception on and t would benefit the mining Industry of ot the state as a whole if i the Interests s p investors were protected in every instance |