Show I FINANCIAL AND MIN I I I WOMAN IS VI ARNED AS TO TOCKS STOCKS OF PATENTS Concerns Concern Fly by Night i Promoted by Professionals Profession Profession- als Poor Investments The following letter tetter was received today of The Tel Tele- Tele from a woman subscriber iber Republican Herald but jut as it wa was not intended for publication the name of 01 the writer is omitted I 1 1 have read with interest your articles articIe regarding Investments in stocks of oil and other kinds of companies and amI think the advice is very good Would you ou advise advise ad ad- vise investing in some of the patented articles that are being promoted at various van vari ous points along Main street streetT This paper never has advised its s sub subscribers tb- tb b- b scribers to Invest in any particular stock or project nor has it advised against any individual concern or form of investment As a general proposition however it is the confident belief that companies formed for the purpose of exploiting pieces of machinery or parts of vehicles should be given a most rigid investigation before an investment Is made Only too frequently is It the case that the promoters of stock Issued by companies companies com corn which own or control patented articles articles ar ar- ar- ar tides of the description named have no interest in the company other than in selling the stock for a commission As arule a arule rule they rent for a limited time a storeroom storeroom storeroom store store- loca loca- room or in a conspicuous tion At the expiration of their lease ola of ol ofa ofa a week or a a. month or possibly two or three months according to the length of ol time which they decide is necessary tomake to tomake tomake make a cleanup they quietly close their offices between nightfall and daylight daylight daylight day day- light and disappear Should the same contrivance be found in process of promotion in another city the chances are that the promoters are working under different names or in the name of another company compan The result is that the confiding and trusting investor seldom again hears of the project and perhaps never realizes a In return for or the money invested penny at the instigation of some smooth tongued professional stock seller to whom legitimate legitimate legitimate mate endeavor Is a bore but who nevertheless nevertheless nevertheless never never- must hav have havi a meal ticket or de depend depend depend de- de pend upon charity for a living It stands to reason in these days of strenuous endeavor on the part of great manufacturing establishments to increase the desirability of their products that should there be invested a really necessary necessary nieces nieces- sary piece of machinery by means of which cost P production tI oJ could be reduced or the value i e eP of the product be enhanced enhance n such a patent would be eagerly taken up and the patentee given a substantial royalty royalty royalty roy roy- alty for its use As a result if this paper had adopted the policy of advising its patrons in the matter of individual investments the flyby fly flyby flyby by night concerns referred to would bethe bothe bo be bothe the last on the list there As to Investments in general many companies formed for the purpose purpose purpose pur pur- are of developing mining properties and oil pose lands and various other kinds of Industries Industries in industries In- In In Utah or neighboring states which have been honestly organized andare and andare are being conducted in a businesslike manner and who are entitled to the support support support sup sup- port of the Investing public It is such an easy matter to Inquire as to the personnel of any corporation and ascertain whether it is operating for forthe forthe forthe the benefit of the company as a whole Including Its stockholder stockholders or merely is astock astock a astock stock selling scheme that it would seem unnecessary to caution the public against claptrap inventions or purely stock selling sellIng sellIng sell- sell Ing projects of any description |