Show MINING STOCKS governor cutler Is to be commend editor condemning schemes by which worthless mining claims are made the basis of an in corporation and the stock certificates are sold to the public the governor 0 course Is not inveigling inveighing inveigh ing against any legitimate proposition but ls stalk ing at the impostors who do not re quire that there be any merit back of their company and aim only to dep belve those with whom they come in contact this is not only a voice raised in protection of those who are seeking to invest their savings promising a quick return but is a de tense of mine owners and promoters prom oteis with legitimate propositions what the investors should demand Is an honest statement of facts then if they risk their money and lose they can blame no one not long ago an ogden man investigated a mining property in nevada he became convinced it could bo made a dividend payer A company was incorporated for 00 the investment was widely advertised in the large papers of the country and in stock was sold the pur chasers paying ten cents a share af ter the money had been gathered in and before results had been obtained a complaint mas filed wah the post office department and inspectors acro sent out to the mines to inquire it this get rich quick concern should have a fraud order issued against it and if the promoters should be arrested bythe by the time tho postal 3 authorities reached ho property ore was being shipped to market air large quantities and the mine disclosed thousands oc tons of oro in reserve the indications now arc the property will pay a year in dividends that illustrates the point ve desire to make mining claims can not bo subjected to the same rules that apply to almost any other form of business A claim until developed is simply of prospective value but sometimes the indications of justify a largo capitalization and there is no intent to defraud governor cutler does not speak against such what he opposes is false representation and the selling of mining stocks that have back of them nothing but fraud and trickery |