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Show '':T s i i I if '! ! ; t ;i f fl l 5 t Securities ommiccion Hao Bigge st Year In! Its Hist ory IS. hnve failed to file applications decided eonlrmat wltW the stag- conditions report! In the ft nncinl world, the state securities com- authorised mission mure securities during th( Past year two In former years of Its exthe than istence, according to a report preO. IBcke. Secretary H. commission pared by Nov. had IS tha Up to of authorised the sale of ln excess or of securities Utah, Ip $4,000,004 than 4 per cent of the states Itore nitre assessed valuation. same period During the sell $1, $43,404 North of ae- desiring to th ntci-sar- y hftvtt bnn curlUet permlasion. due to th securities the not being worth priced quoted. In the opinion of the commission mem- H i I t I 11 form,-ne- bers. Of particular significance has been the number of large eastern corpora- -, tions which hava begun tbelr opera-aa tlona In Utah during the pdst year evidenced by tfcelr filing with the commission tor permlxoloij stock to start looat agenda dependent financial footing tlvtty of the local building associations has also beeit filings mads bsfors tha commission, these tilings contemplating it he sale of MERGER EFFECTED more than-- IS. 000,000 of securities, A decided revival in the xnlning In- -, BY HECLA dustry has been noted by the securi- ' ties secretary. A score of companies dll of oil fields to the Utah develop properties on the proposing pave secured permission Maell stock, , ooath side of the Alt district were while aa equal number of coal ana ? tota sns.huge group' during the ieaterprlaaa ; metallurgical mining foar by the South Heels Minee jtata have been granted license) I welch was organised in No- company, Is Self Sustaining. .wlt of !?!?.". ' divided intocapltallxatioq Collections from filing and Inspeo- i i.0,00all shares The new company acquired tloa fees alone bare more than doubof the led the entire expense ofl maintainPro!5 ,l( property lotereata of the ing the organisation andl thus tha 52? ..Vt1? J1"1" company, Albion cotnralaaloo becomes self sustaining. , lntu ooaipany. South k?Hjde The oommlsslsn la com p seed ; ofi Mining company and fohjtan -'AtH. B. Alta State of Mines Utah Crockett, Secretary i The and. .mining ground acquiredcompany. j torney General Harvey H. Cluff Fix-toembrace n. Slate Bank Commissioner Hath l,10t scree, practically 1 of with Secretary (ticks! acting 4 which to patented. . , ( executive. i t rings under, on management a Prom the year beginning Dec.' L,: compact group which reaches from 110. to Mov.'ll, 1111, JIT ioompanleo heart of tho Alta dtotrict over tha Bled application to sell securities ridge into hd Amcrioaa Fork within the state. Applications grant- - ' dividing dtotrict. ed numbered 111. I were dented and ; mining aggregate production jImlned to it eases are .still pending. During data from tho acquired by the the 1 1 Hi months fsss to the amount " company to sellground mated at $1,000,(00 in 'i of $13,45.10 were collected as fol-- v geld, PUrer, lead and copper. The low: December, (541.101 January,. South Heels Mining company property . $57.50; February, 3350.4; March, alone has been the biggest! ore pro; (471.40f April, l,000; Maf. 1.101.00;. ducer, In the district for eome years. June. $1,101.40; July, $1.1(4; August, - The 'underground workings in the 1.800; September, $1,14: October,, ( now .owned by the South property $3. $01; November (to the 15th), , Hec la Mines company total! approxi-matsl- y 10 miles In length. Indicating a rapid .growth f .. business. , Total valu of the equipment ac- Public Is Proletrd, quired ta purchase of tho various The work of the commission also properties to valued ut approximately , covers passing upon public corpora- ' ($00,000. Housing accommodations ' r sufficient for a force of ISO men. tions and tha protection of tbe gen- ' erol public against tbs fraudulent sale ' The equipment consists of toll necessary buildings and machinery to carry of securities. on operations with ths full force for While the work is still someirhat which there ore accommodations, and nsw." said ths Includes compressors, mins tracks past lug ' tbe the through all underground working department sufficient min ears for extensive operVe loped to a stage wfagr it la now considered one of tbe standard aeourD ations, email tools, 'drill sharpener, ties commissions In the United States trasWnmisrs and electrical motors and references to Its actai srs mads Besides the housing for the min force the company also has a large boarding commissions sad frequently by other many .reports on public corporations house, mine ofTIces. storage buildings are sant into othsr states to assist ta and or bins which are located oa tho tracks of th Util Cottonwood railpassing upon the merits of corporations and organisations that have pass-e- d road. cummin-alothe successfully through Al Work. ' Jsi$t Force . . i Za the property the com. acqnlriag oa Stock Supervised. share of its stock, paay uaad 1, . The value of ths department tbe balauee remaining ta tb tree scry , more apparent early this year to be used la acquiring additional when an effort was baing mada to holdings should theta purchase be- start aa oil boom ta this stato as a asms advisable, and to finance result sf esrtate reports mads upon breed eeais dmrelopmeut campaign ta dlfterent wb4eh to already underway, ths oil structures As soon ss this aetlvity hegns, The company now has a large force ento took ths eommlssisn of man ad work ta Its property. The every step tunnels of the Houth Heels courage active development, bat at law ths seme Urns to provent the unfair property are so located that they afford Ideal entry to the property for trading ta gromotloa and ounnlmllna otooks which were being foistsd upon Officials of the deep development. an unsuspecting public. considerable or now report company escrow To moot this condition jaa stgtot ta tb various workings and work new underway to ox- eg ream sot was drawn up providing for escrowing all promotion and organ- - seeded to open, long bsfsrs spring, ad- ta iaatioa stack ta now companies dtttoaal etopse of. dlrset smelting or oanaot ., where proper deposMorias no that when the railroad resnmeo opthey under this agreement In any way erations in tho spring the company ta ths sests of the organisawill have a targe tonnage of ore availtion in case of bankruptcy and from which to maintain steady unto after the olaima of nil : able production. of shall atsek purchasers ternary Harvey Is Made. J have been satisfied. Another provi- ' The management of tha South Hec- sion was that of inoludtag all unit, la Mlaee company Is ths same as has common law trusts sad Mmllar orof tho four companies the list of companies boss ta control ganisations ta were taken ever and la the acme secure that to to sell permlasion required now securities in this stato. In this way as has been mining ths around comby tbs South Heels Mines commany organisations were reached that ownedfor ths post II years The would have been able to evade the pany law and might have succeeded ta depany's property cover a large . area of In which the ore deposlimestones ths the public. frauding Although It will appear from tho its of the district are found and forst report that very few comp in lee have- -- long rtlMonnsn oa Its strtkao ths contact of tho district; which Is been denied the right to oU eecurittee within tho State, very dew of tho tho mala are channel. I OSIntole of tho company have given organise tiona that request (censes file n formal applies lieu whealthey Bad close oo operative support to tho geothat their pet schemes and methods logical rsoonsstosnee of tho district of operation cannot possibly secure that ha boon sad si way during tbs the approval of tho oommlaaiia. Dur-th- o post 11 yean by tbs United States geo- taffies! survey and during the past five past eight month over such orgastssitiooe have years ta wtotod the work has been na-d- ei formed that their plans of way has followed with clem detail an of tha geological fla dings The in-(ould act succeed la 5ftr ) ,. , i f n , , lllljt; 1 n. -- bo-oa- jJ ') - v- rrr-- . mnd Supplies Yard and 3rd Sooth andShop. 7th West formation derived from this . State Insurance Fund p EeGILL, IZat-- T orntm. no r& i- - survey, which to mid to be one of ths most complete geological at dies given. hny mliirdlrtrictTn thT country the Osologtoai Hurray, will be used In guiding the exploration work of tbe company. 'Zivl ML J. Phone Waa. 24 8. , . be Me.ppq aad It to auttotoa$ed,tbaturwwg to be aecomplb led tb mm Lw 'DM It , bee preeebt expsrbmes la taatatalaed d its future m .j equally snseii nWat. , to bollof Contrary tb stoto Insurance fuadgeneral is a seif tamltntisa. uottonataload byauspart Ue -e money, but to to tstato a ta of J i- -l per wmVn aa set premlusts writtap after Jsly 1. I- Ult together with avery sr to-pease required tor its dpe M Investments are it I4I4,4 ta Ita Utah bonds sreepting MI.H4 to awd are dm wise a Idbwty hosia subetanttai interest which prastomle ly pays the entire enpenae eg sss tloa and keeps Utah eapUat wltbla sm 1 V-puyo- -- Continues Its Growth f Business transacted by the stole under tb admtetotr. industrial eemmto-Uo- a r,th tbe during year new staetaM bun extended no that P?" today the fund, writes men- - than Id par cent OF ths ssmpenaattou bust-pewritten carriers In border. the etate. This represents an Increase Although tho fund has been orp"e- of about Be per cent over tb busi-ueonly about four and oa i I , ' written by U fund ta 11$. year tbs basinrss tnumestod to Charles . Cains, manager grown at oush a pass as to rwk . of tbs fund. . , for i tb tstxn tolrim.sd tad to, During the four year period of Its tasurtag burs a. Tb fond fWenoe ending June $0. tttt the potato out that tb fund to Mt stato insurance fond has .written a psUng . with any private tasur total W (74 in get axeept ta the extending ths writings ts premlujaa about Tt( cempnataf Policy holdera, lacludiag maay of tb HtaadardtoktlpM f U targes employers of labor, of Utah. - oompsaaatioo taautaac w -81 -July 1. llli foe number of a no sow pastas eperatlngtaw fa policy holders haa been Increased by enacted ta the post year tobed i q more than 104, according ta figures ganieatkm of tb Utah remaawset.-- k compiled by O. F, McShane 7 the fating bursae under the , of industrial commission. tha state industrial nnsssitsalia A ta tbe ergabtoetton was Drat teheed approximately IS54.000 has been in I last July wttb several tasu ranee oar- under the workmen's paid Her ss charter msmbeie tb elevew oompermatton has built up assets of , larger companies writing eempsswa- T? ,fun4 lltt.OOO ta addition and has refund. tlon Insurance ta Utah bavv Joined d to policy holders $14.440 aa over-; tbe bureau. t f , charges. ueeard-tatb Tbe of g purpeas bureau, The Insurance fund 'has been enF. McShsn of the Indns-trtto o, abled to reduce Its rates to a figure commission who bos sharps sf (0 per cent lower than those prescribtb work. Is to apply a usttorm gt-teed by tb national council oa workof schedule and sxptrtshoo ist- man's compensation Insurance. tag to tb Insurance of malatna--Any have been built up of t $10,444 eempsny r. eomponseties and a surplus of at least $14.000. ano that writing wishes to gtve to The last legislature authorised tho the beneftta of merit rat this IwqugtrtaU ooiamfaMiott to rUirm to ilw be a member st the bureau. -O 1 es as ' $,( . ; ai ImU J ei m es ' i. We - tj ,.i t u.j liny -- We::; j imon, wni) t'ia. S2M I MtCanuT, p$k rrrmvue, v'ttrw ud M-uruac- and atm iuit hate, atouit hitihi Sj Eastern Iron&MstSolC: $nespstg- f . 353 West 7tH Soatk. SdK Uk City, CUk BfflX WRECKING. , . sec-tlo- na cTsnxrei cu New and Uceri Machinery SOUTH '1" i " jrantrq, : Another problem that Has required much time and attention on the of the commission is that1 of aspert learn en. Many applic&nta for licenses to soli securities have been refused, due to their failing to furnish the department with proper references and for tha commission of acta would ta no way Justify granting that them further confidence. The commission has also boan paying careful attention to the lock trading class of promoters resulting In Its bstng sbls to stop a number of this .typo by watching every deal and hooping in close touch with of all stock Issued fjj the tats. However, there is,within consider-abl- e .work yet to be gone to comclean out this pletely of sal w M A large number type of companies law,-bu- t LJ TT?dl are be. olosely gad. It Is only a of month before it will f Vr to sell Its I ssouritlea within homapany the etate without amt presenting its proper to the proposed buyers." credentials , i .tn- tti nt , 4nld t J . p. t V . DEcnucz3 .iT ! -- - SdtLeUe' , "r '4 i , ,Lc3 par-tlotp- ,t3-- oa . i '4 Scrcp Ifca acd Dstd LIitLlroy Klee cd I2UI nreeiers D. ROGAWSXY, SUaaycr. J - .j -- Salt Lake Gty, Utah over-thru- t 700-72-0 1 SOUTH THIRD WEST. - it Phone Wasatch 473 |
