| Show RESCUE PLANNED IS 18 ID tl It Lend Money on al Stae Stocks to 10 Save SUT Market Reno Rena Nev Ne O May fiLy rl y 14 That th the conn In 11 Nevada has bias not been seriously Impaired hy by the tho lotion to which the market has baa heen subjected during durIng the past two weeks was WS evident today when hon Sullivan SInn I itice made ma e public announcement of ot the tho tact filat that they have hlo been th designated a II as the tha agents of a 1 syndicate s who desire to 10 loan ion loal money on mining stocks stock This announcement was WI made mace by I IM Si L LI SiM M I oC ot the tle Ibm firm named who wh stated that ho he wished the broadest broa ost publicity given to tho the tact fact that th the syndicate his lila firm represents ont Is II pre prepared pared to lend lemI nt at lt afrO on the tho security or of C listed Nevada stocks Loans are to be math made malc to the of ot 66 23 of or o the tho market value of ot the tho Issues of ot offered as 1 collateral They mutt must lull be ve In Iii 11 amounts of IO and ald upwards and may mayho maybo mayb ho bo b maria mado maro for tor a 1 L period of ot four months Interest at at the tho rate rato of o B 6 per cent par p n annum will wi be bl b charged If jf the tha amount which this syndicate te has hns set act et to toIs 1st Is II not nol sufficient Mr Ir Sullivan stated It will wi ht be 11 prepared to lend jonel an nn ad nd additional In the manner out outlined outlIned outlined lined There has bus not been a n moment dur durIn lag Inc In the course courso cour of Cf the lh market for tor or the past 10 weeks when thero should t I wo vc been lost lose of ot In II tho Ilie stability of Nevada Issues I said Mr Ir In announcing his fIrms plan plaid to the tho Nevada mining news bu bureau bl Tenth reau Tho The mineral is I In the tl ground In II every camp In tho the Uto tato and Ild thero IB Is II no legitimate reason why toCk should not be worth ns as lS much ml h money now an itS IR they were lest last tall fall l values est cst have havo not changed In the tho slight slightest Those Tose associated with us UI 11 are nrc con convinced vinced that tho the rapid changes In 11 the thu currents during the past 10 11 weeks have havo been duo largely Innel to manip manipulation mani Powerful eastern Interests aided by Nevada Neca Influences have havo boon been at work to systematically depress anti Ule the market tot for to I Nevada stocks results of this manipulation 1110 ben disastrous Anti And thOn for whom wo w ware are arc acting believe now that t It Is 1 tM wI duty cut of ot every pel genuine friend of or I to te endeavor to 10 make the tho machinations of p the eastern ca tom manipulators who have hn f e been bulling antI bear bearing ing the IliC market for mining shares With Wih tills this conviction firmly fixed this hlA t syndicate has hal mado which wll vil 1 be tm l loaned 10 lcd on tho the se serin I rin Ill Ity of at stocks stO A Tito Tho Th plan la is lathis this Any Aly holder ot of Nevada Novala stock who rho feels tech himself pinched by b tho the urea pres present ant ent market con can send hI stocks by registered mall mail Th The ht day th cates entes nr art received C will wil wIl send hitt 11 hint him exchange tar for 06 GG 23 p r cent on I of the market value 1116 of ot tho the certificates Loans will wi bo ho made mud In of ot J 0 O Oud and ud upwards altO for rO or period up lp to 10 four our months by b which time the mar market mtr ket kel will wi almost certainly certain have havo JIYO returned to tn normal conditions Interest nt at tho tue of it only fi S per cent per year car will wi be bo bechard charged chard for Cor or his lila accommodation tion whore RS as the regular r rate of at discount In tho camps or of tho the state Kite Is 1 per cant cout per p r month If 11 I tho the amount set net aside In Is If not Rul lent dent to meet the requests request for loans that t hit mine to 10 us s continued Mr 11 Rul van un the syndicate will wil Increase tho the sum to tn The confidence nl dence Ilene of at these thelo gentlemen In Nevada NoVaila Issues Is such that thov thes the believe boe not ant only that plan plait IRn Is good tram from the tho busi business ness point of at view hut that every 01 us ns should ho extended to 10 tok buyers to prevent nt them theft from Crom being crucified by b the tho manipulators |
