Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-05-20


the merits OF worthless stocks. based
upon an industry. copper. about which
their knowledge Ia as great ~ their In
tentions are honest. feel ! owe II TO
myself to recall three years ago. when
those who today are posing ~ compe-
tent critics u "coppers" laughed at
my assertions. I publicly. In books and
news articles. outlined the conditions
which now exist.
one year aKo I stated with my rca-
cons therefor. In book entitled Cop
pers." Butte now selling at II. los
ton and Montana selling at i2s and cali
umet and Hccla selling at 2s5. will In
a ehort time sell at over %. 200 and go
respectively" They shortly sold there.
when publicly stated. they Will
shortly sell at 100. 400 and 100" they
have since sold. or are now selling. at
los, 400 and 300 respectively. l stated
the market price Of the copper stocks
listed on the Boston Stock Exchansc,
then selling at about 800 000.0O0. would
more than double In value. They are
now selling at t2io.oO0.0Oo 10 $500 Ooo, COZ.
! stated the price of the metal, then sell
Ing at about 1917 cents, would advance
70 rs. n has for some time sold at over
4 and II now about ~ TO 20. I stated
among my reasons for my predictions.
owing TO n peculiar combination OF
conditions. one. and only one, leRitl-
mate Industry. copper. during all this
period OF wild and unbridle1 Imitation
and Inevitable contraction, has remain
oil upon u basis similar 20 that which
existed In the later co.'s Or prcvlou. 90
the invention ~ modern nnance'-a
basis where n IL possible for the In
yentor who must have 8, or 10 per
cent rrturns. or the Spectator who IL
looking for large and quick profits, to
ct them without taking an inordlnatc
risk.
land companies and trusts have been
creating stocks. bonds and mortgages
at a rate out Of all proportion 10 the
wants Of seventy millions of people, or
their possible Increase. the demand Tor
copper. owing 10 the great reduction In
the cost OF production. aflsln. rom nn-
proved appliances and methodr, mas
grown beyond the supply until u II
pnsslhle today 20 cell all the copper pro.
dured In the world AT a price that VIII
give
ONE HUNDRED PER CENT PROFIT
on the cost " producing II under favor
able conditions ana sim leave the de-
mand 20 great NJ to prevent any reduce
ton In price. tAt this writing the de-
mand l. 80 great that the price L. be-
You'd that which produces the above
result. and. In the opinion OF the best
copper experts. viii remain 10 or 40
,Ven higherD
while this Il an indIspuiabic fact II
g. also true that, owing to another PEE
ouilar combination 0f conditions. the
modern financlcr'-sthc expert creator
OF paper wgalth-the corporation lnna.
ti0nint,' has overlooked this Industry.
and II II possible today 10 Invest In
the stock 81 copper mining companic.
that will not only give returns OF 10 ana
" per CENT annually upon the purchase
price. but carry with them survr
guaranty than !, 70 possible 20 secure ~
dnatriai stocks that this return viii
continue for years.
"This IL, 4 am aware. startling
statement. yet nevertheless true. for
owing 10 the old-fashioned. honest
methods yet In vogue n copper min
ing companies, these big returns are
not only earned and paid. but each year
there Il Opened up' copper enought Ia
continue the blR returns for years after
the mines have run out OF no othct
Investment can Il be truthfully said,
upon the amount Invested, There WIZ %
paid 10 per cnet annually aud at the
rAme time there Will be kept ON hand
snnught Of value, that cannot be Do
,troyei or carried on, TO continue these
returns for frum 10 To 20 years after
the producing power II gone. n this
could h. truthfully said Of the stock
81 the American Sugar refining con'
pany Its price should almost Instantly
rise 10 over three hundred dollars pei
sharc.
''Thls condition o. affairs, In my opin-
Ton, cannot exist much longer, A. noor
~ the modern nnnncisr. whose centei
81 operations IL Wall street, realize,
that II IL possible to invest millions Of
dollars In copper stocks which are earn
Ing and
PAYING TWELVE PER CENT
while having reserve SUFFICIENT TO insure
such payments for from 10 10 ~ year.
copper will become over night th'
the Wall stree fnvorit". and Its pre-
sent holders VIII no more recognize
IL In liz new form than did the owner
OF the fiso0O0O OF sugar retineries OF
81. 600, 900 " tnnncrien when they Awok,
10 hnd them capitalized at ,Sb,oo0,o0
and sig0.ooo.000 respectively. and th'
public climbing over one another u
"In my opinion we are Just entering
upon u copper era. industrially speak
ing, and believe that IN a very rhori
lime the capital ~ the world viii Heei
the stocks that represent the ownership
OF American copper mines ~ demon
etrnted worth. 1 advise Investors 4
purchase copper stocks OF proven valu'
In preference to any other class o.
sccurieltea. providing they are seeking
over 90 I percent returns. In puf
chasing Copper great care should ~
exercised In selecting them. as .rh'
Street u full To overlooking with Cop
pers' that are little better than swim
dies. that represent no mine or any
thing OF value other than few acre
OF farming land aud a paper organlzh
ZION which IL used ~ a license by thor'
Who control n 10 fleece the public"
To repeat, recall the above facts a
this time that Investors and holder
OF "CoppcrH" may not, IN iorinlhk luuk
ment on the statements mat follow
confuse what I say with the talk
those who look upon the COPPER move
ment'' as they do upon all stock move
ments-manipuiatlve attempts 20 Seeurl
profit by buying low ana selling hlfl
without regard or care for anything
that comes under the head OF business
honor No one can comprehend IN
present movement In "coppers,' NJ
man il competent to pass criticism ol
those who are responsible for u, unleH
ne first recognizes that. from itA ineep
tion 20 the present time. u has beei
conducted on principles heretofore un
tnown in Wall and state streets, tina
It's results have been larger cash pro
nta 10 The Investing public than an
.stoek movement" ever before attempt
a and these results secured by mel
acttiated BY no higher motive thai
mnnipuative triokery'
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