Show COV GOV JOHN C CUTLER ON INVESTMENTS Chief Executive Takes Umbrage at the Unauthorized Use of His Name in Connection With Mining and Mexican Land Schemes r Editor DeSeret News A few tow weeks ago I a ii I letter from tram a prominent gentleman In ono one of or the northern cities of the state III In forming mo ma that an agent soliciting for forthe Urn the sate sale or ot stock In ti n I I stated that I was IlS interested In It and luul used Use 1 that statement us is nu alt nt for him to purchase sono of the stock stockA A similar letter was wall received n II tow row days duys later from n II gentleman In the Iho southern part of the tho state only In Iii this citso tho the proposition In tim which I t was wis said to be he Interested a II scheme In each ease case I Ivaa Iwas was vaa asked askell It Ir I had hall purchased purchase stock In Inthe Inthe inthe the company compall named and 1311 It If I could recommend It to people with money to Invest I In answer to tho th first Inquiry I i sold said that thull I was not an owner of ot stock slack In the tho enterprise Further that I was sure sura that hat the tho mine was at nt tho the present time only a prospect It had evidently been boen capitalized for tor or a million shares the stock was being sold for or 30 cents n a share This would mak tho assumed value of ot the property proper The Tue statement was made mado that the tho company would raise the prIce to toliO CO cents a share next month I told tho gentleman that In n my opinion no more mere prospect could be worth that much money mone no matter mattel how promising It was tho the price l of or a good mine not a prospect It op ap pears therefore that tile the promoters as us usual are aro not losing anything It I should buy hu a n mercantile business bus for tor 2000 and Incorporate It for tor 10 no one would buy bu stock But n a l mining proposition It seems can be bo flouted floated almost any pi ut Ice Sly dy I answer to the time second Inquiry was aJi given liven In these words Certain agents have declared that I urn mu Interested in a 11 certain tropical fruit land landin in III n Mexico In Iii reply relly to your question I beg lieI to state that I urn ma not Interested In n tills this land lanil And I would advise you that anyone who buys bu s land landIn In n Mexico on the tho lie guaranty of any party to plant fruit trees II on tho tim mud land which will bo be turned l over to the tho purchaser when whon they produce enters Into Inlo a I ii has haz hazardous l proposition And mid It Is likely that most of ot those who buy will wll iIi sell out before anything In is realized from the Investment In view ot or tho the fact that t l Is I evident that agents who are 1110 Inducing p I lopIo to Invest Invent In lii their various propositions It a n practise to quote luoto the tho governor its Us having taken stock III In this or that enterprise the tho statement as ns an nn argument for fo others to tile tho Ih stock I 1 will say My this Sometimes tho the statement Is trim sometimes not lint Hut whether or not the governor I g vornor has hall token taken tu kell stock In un enterprise each rach ono ap up approached by an agent selling that stock should Investigate tho matter mattor closely anti and carefully ct and alit decide whether or not ho would do ilo well voli wo 11 to 10 purchase It deiy l man maim should layout his Js own wn money Ono One man should not depend on OIL tho thu judgment nt of another If I think I 1 con cnn taku a I chance on 08 a certain Invest It does docs not necessarily follow tollow that any other man limit should 1 make the tho same sumo investment It Is and should too bo a n mat matter mattor matter ter tor of personal Investigation As An to land propositions and similar ones I might atty Rl that there thoro appears to mo imio an nn element elemont of unfair unfairness unfairness ness nos In tho thic fact filet that tho the land Is pur purchased chased at ut a II very cr low rate rato and Imme Immediately sold ohl nt fit an advance of or thousand per l er cent tho the ground for Cor the tho advance being the tho supposition that theland the tho theland tholand land will be bit b planted with fruit trees or orsome orsome orsome some other othor vegetation which at nt some somo sometime sometime time in tho J future will produce big val values ues nes for tho the Investor On this supposition supposition tion and representation the man moan buys buyo tho the land at a n fabulous advance all anoe Tho Tim salea are aro hastened by tho statement on tho the part of or the tho agent that tho tIme price of ot tho th land Is about to be bo advanced 25 or 50 30 an acre and purchasers are ara urged to get In Iii nt ut the tho present price I And that sort of or argument catches many mall people Ate And nd yet et tho the purchaser Is not sure perhaps for the tho reason that ho lie cannot Investigate personally whether or not the lent land can bo be cleared the tIme trees plant planted ed cd and amid taken care of and time the fruit har bar harvested vested and und marketed at a I ii cost low enough to 10 realize the tho great t hopes ho Ito hohas has for It In brief he ho buys bU 8 blindly the size of the promised profits proms being usually In direct ratio to tho the distance ot of tho Iho land from his own home The Tho n man hula cannot afford to go to to Investigate tho the location anit of the tho land html to find out nut whether or UI not It I adapted 10 to tho time purpose pro lIO poal and near a ii l railroad or at nl least leant leanta leasta a n good wagon road BO so that perishable l fruit grown upon It can cnn bo Ie easily taken to market and whether or not thoro there la Is laa IsU 9 a U market In tact fact tho the very Ver essentials of nn an Investment ho he has to know by b second hand ham and amid on tho the word of a per por person son sOil who Ito Is vitally interested In the tile isalo salo alo aloof of ot tho proposition Tho TIme advantage is 18 nil all allon nilon nIlon on tho the side of f tho the person selling tho tIm tholand land laud Buying lIu land away lIn from homo borne at a ar reasonable r price III In the hope of a n ret rea Increase In of value through reg regular ular processes Is U a different proposition tion This Thle mOLLY may bo hO done dono without great hazard If the purchaser l I Is suto suro that tho tile land Is III at nt present worth tho the paid and nuI Is likely Ilk to become mora moore val valuable with the Iho development of or the this country countr and amid Its resources This I havo lulo dono In California where I own prop city olty every dollar of ot trio the t o be bo being boIn cog ing In clear Clell profit made on property In that state It Jt may not bo 10 out of place 11 Inca to lay In down as a ii fundamental principle of In Investment investment vestment tho the rule rulo rub that all other othe things being equal money mooney should bo be Invested at ut homo rather than abroad The Tho two tO reasons for tor this are first that Hint such stich In Investments investments vestments con can bo be made mudo with accurate knowledge of conditions gained gal nod by b per personal personal Investigation that tho thic money so invested Is used to build up onos Ottos own community Regarding or 01 orchards chard for tor example I think I can safe Bire Birely safely ly I say sa that there are tre thousands of ot acres of land at tho lie foot toot of our mono tain nod and nn the tho mouth of or our canyons cnn where the ground can bo be cleared plant planted ed Id watered and splendid profits so se secured cured without tIm tho risk k and auth the tho lack of ot personal supervision attending similar Investments In Mexico or ot other foreign countries And people are coming In 11 from tho east cast and nut tho th west vest and doing this establishing floe fine commercial or and reaping a golden harvest han sl WillIe while many of or our Utah people are nto making impossible Investments In com coin comparatively comparatively unknown regions And at any an rate 1 I think that it Investments made at homo home In farms and orchards are not successful thero there are many moro chances of failure when they the are aro made mado at long distances JOHN JOn C |