Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1905-06-11
WILDCAT MINING COMPANIES,

WILDCAT MINING COMPANIES,
eAsko Promotion ssst"dlss ~ Nevada
, ExAssed by = Denver Newspaper.
The Denver Times has started In
With the good work Of exposing some
Of the bunko mining swindles which
are fast giving mining = black eye in
Nevada. The Tines says:
Il has been shown that . number Of
promoting q. brokerage companies.
al run in tie interests Of the san,o
persons. have been operating in Den
YER and ooldAeld and that each and all
have strenususly protested indepen-
dence Of one another while secretly
cooperating to deceive the public.
II has been shown that this combine.
tioa controls . printing and publishing
campany and issues . monthly publ.
cation, which purports to be legitimate
mining journal. but which. in fact. OF.
sts lolely to push the ring stocks.
~ has been shown that some of
these companies. the stocks Of which
are being offered to the public ct
prices running - high - $225. 900 for
the property are based upon small
pieces Of ground for which only = few
hundred dollars were paid.
It has been shown that as to some Of
the ground there Is grave doubt ~
70 the title.
It has been shown that not an inch
Of the ground has been held under
patent.
1t. has been shown that gross mis-
representations have been made as TO
the amount of work done on the prop
critics and as to the showing of min
eral on them.
1t has been shown that in the mar
ket letters, circulars, personal letters
that the operators conspired together
to quote the prices Of the stocks higs-
er. than the actual price.
1t has been shown that the compan-
les, protesting independence of one
another, have made a practice of Civ
ing one another as references concern
ing their financial standing and re.
sponsibility.
hor CHI hot fyyn pfNy nr
more alleged mining companies have
been organized by the members of the
ring and the stocks thereof foisted
upon the public.
1t has been shown that the purchas
ers of stocks have been led to believe
that their money paid for treasury
stock would go into the treasures. Of
the mining companies for development
work upon the ground, whereas, IL
by secret agreement between
the rings mining companies and tn
rings promotion companies, an enor
nous portion of the money was retain
ed by the promotion companies a;
commission for floating the stock.
1t has been shown for months tina
the Denver Post printed what purpor:
ed to be table Of quotations on tn
San Francisco stock market, which
contained the ring stocks that are ney
er quoted or sold on the San Fran
cisco market This table was printe
each day in the Post under a headin
which stated that 1t came by specis
wire from San Francisco, whereas tn
pretended quotations on the ring stoc
were in fact manufactured in the De,
yer Office of the ring.
It has been shown by the action .
the Post itself that this bogus stoc
table was fictitious and was delibera
ely printed with intent to swindie til
readers of that paper During IL
past week, the Post, for fear of beir
denied the use of the mails has n
printed the pretended table of Col
field stock quotations, thus cOnfessi,
its previous open participation Wi
the rng.
Such showing is amply suffice
to draw tn eattention of the post Off
authorities and of the law officers
the city and county of Denver to t
presence of this gang of sharpers.
1t has been the means of causing
number Of persons to proceed to t
Offices of the companies and dema
their money back-a proceeding viii
the TT mes advises the others to ado
al the companies these men pl
Hted in Idaho, Colorado and Neva
not one has ever been known to
turn a cent to the purchasers of
ctooL opd fhoro 10 NOTHING l., tho me