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 Is A. great as their In
tentIona are honest feel owe II TO
myself to recall three years ago. when
those who today are posing NJ compc-
tent critics Of "coppers" laughed at
my assertions. publicly. In books and
news articles. outlined tho conditions
which now exist
One year ago I stated with my rea-
cons therefor. In q book entitled cop
perr:' Butte now selling at IL. bor-
ton and Montana selling AZ iss and CAL
umet and Hccia selling at 2s5. will Ia
short time sell at over 90. go and ico
respectively" They shortly sold there,
when publicly stated. "thcy will
shortly sell at 100. 100 and soo," they
have since sold. or nrc now selling. AZ
Jos. 900 and 300 respectively. I stated
the market price ~ the copper stocks
listed ON the Boston stock Exchange,
then selling at about tloo,oo.o0 would
more than double In value. They are
now selling at t2ao.o0o,o0o tp 500. coo.
: stated the price of the metal. then sell
Ing ut about 1917 cents, would advance
TO 10. u has for some time sold at over
~ and II now about 10 10 20. I stated
among my reasons for my prcdicti0nsi
owing to a peculiar combination Of
conditions. one. and only one. lcglti-
mate Industry, copper during all this
period Of wild and unbridled Imitation
and Inevitable contraction, has remain
Ell upon u basis similar 10 that which
existed In the later co'n or previous u
the Invention of modern nnnncc'-a
basis who're II Is possible for the In
Nent5r who must have 9. or 10 per
cent returns, or the spccuiator who Il
looking for large and quick profits, TO
get them without taking an inordinate
risk
'Durlng the period when railroads,
land companies and trusts have been
creating stocks, bonds and mortgages
nt rate out " all proportion 10 the
wants of seventy millions Of people, 90
their possible Increase. the demand for
copper, owing 90 the great reduction In
the cost Of production. arising from I'M
proved appliances and methods. has
grown beyond the supply until II IL
ducsd In the world At a price that Will
give
ONE HUNDRED PER CENT PROFIT
on the cost of producing II under favor
able conditions and ftiil leave the de-
mnnd 30 great na 10 prevent any rcduc-
lion In price. CAT this writing the de-
mand l. 80 great that the price II he
yond that which produces the above
result and. In the opinion % the best
copper experts, Will remain 80 or 40
even higherD
4 also true that. owing to another PEE
cuilar combination ~ conditions. the
modern fnanclcr'=the expert creator
OF paper wealth-the corporation iniia-
ZIONIST has overlooked this Industry.
and Il l. possible today TO invest In
the stock 81 copper mining companies
that VIII not only give returns of 10 and
~ per cent annually upon tho purchase
price hut carry with them Furcr
guaranty than u 10 possible 90 secure
With the purchase of railroad ana In.
dustriai stocks that this return Will
continue for year..
This u. I am aware. startling
statement. yet nevertheless true. for
owing To the old-farhioned. honest
methods yet In vogue In copper min
Ing companies. these big returns are
not only earned and paid. but each year
there II opened w copper enought 10
continue the big returns for years after
the mines have run out OF no Other
investment can u be truthfuliy said,
upon the amount Invested, there VIII b.
paid 10 per cnet annually and at the
came time there viii be kept on hand
enought VI value. that canno, be de-
ttroyed or carried on, to continue these
returns for from 10 10 20 years after
the producing power IL gone. n this
could be truthfully Hnid of the stock
af the American sugar iiefining COM
pany It, price should almost Instantly
rise 10 over three hundred dollars per
'.Thls condition Of afalrs. In my opin-
ION, cannot exist much longer. ~ soon
~ the modern nnanrler, whose center
of operations IN Wan street. realizes
that IL 10 possible 10 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 60 80 years,
copper will become over night the
the Wall stree favuflte, ana its pre-
sent holders will no more rccoHtiEe
II In It, new form than ala the ownrfs
OF the u. 100000 OF sugar rrhnefler or
So 900 OOO 81 tnnnerieH when they nwoke
10 mud them capitalized at tss,o0o,ooo
and $4,000. 900 respectively, ana the
public climbing over one another !"
purchase them.
''In my opinion We are Just entering
upon a copper era, individually SPEAK.
ing. and 1 believe that In a very short
time the capital " the world VIII seek
the atocka that represent the ownership
OF American copper mines or demon
strated worth I advise Investors %
purchase copper stocks OF proven value
In preference TO any other class OF
secur,eltea, providing they are seeking
over ! TO 4 percent returns In puf-
chasing 'copperr' great care should De
exercised In selecting them, As The
Street IL full To Overiiowlng with cop
pers' that are little better than swim
dies. that represent no mine or any
thing OF value other than Few acres
OF farming land and paper organlsa-
ton which II used ~ license hy lh"se
who control ID 10 fleece the public
To repeat. l recall the above facts AZ
this time that Investors ana holders
Of .'coppers" may not In forming iudg-
ment on the statements that follow.
eonf,iae what I say With the "talk" OF
those who look upon the copper move
ment' az they do upon all stock move
ments-manlpulative attempts 10 secure
pront BY buying low and selling high
without regard or care for anything
that comes under the head OF business
honor No one can comprehend the
pr.sent movement IN "copperr," no
man N competent 10 pass CRITICISM on
those who are responsible for u. unless
ne first recognIzes that from Us lh'rp-
ti,n 10 Tho present time, u has been
eonducted on principles heretofore un-
tnown In wall and state streets, thnt
N. rss,,iia have been larger cash pro-
m. 40 The Investing public than any
"stoek movement" ever before attempts
"a. and these results secured ny men
artuated by no higher motive tiiah
rnanIpulatlye trickery
WHAT THIS COPPER MOVEMENT