Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-06-27
EASTERN BROKERS
ARE CENSURED.
Salt Lake Stock 6 Mining ES-
change Members Get Worked
Up Over an Advertisement.
ADOPT WARM RESOLUTIONS.
Disappro,ing Methods OF q. I. DONNA
ron q Go. In Floating an Alta
Company.

A hall page advertisement which ap-
peared In an NJ the morning papers OF
this city today stirred up quite COM
motion ON the floor of the Salt Lake
Stock 4 Mining exchange during the
forenoon calls. and resulted, after the
receipt Of q rather caustic communica-
ton from President James a. Pollock,
In the passing OF resolutions denounclng
in strongest terms the methods em-
ployed by o. i. Jonnason & Co, an
eastern brokerage firm that has been
notably conspicuous in the floating Of
Nevada stocks. in undertaking 70 in
duco the public 20 buy stock On what
is purported 90 De the West Columbus
Copper company with i've lode min-
ing claims in the camp OF Alta.
Inquiry made by the News az the
Office Of the secretary Of state this af-
ternoou ELECTED the Information that
there Is no such concern on legal exist
encc IN his state Notwithstanding
this, the advertisement contains these
words. The West Columbus Copper
company Is Incorporated fog 100000
shares az a par value of 81 a shares, Of
which 5.O0e shares have been placed
IN the treasury To provide funds for the
immediate development Of this exc
tremely valuable territory"
But worst Of al and which caused
mining men interested In Alta to eN-
pres not little indignation. was the
Representations made IN q map used in
the advertisement referred to, desgnlt-
Ing the location OF the so-called WCst
Columbus ground Those who are ac-
qullntcd with the lay Of the country
IN ne vicinity Of Alta have always un-
derstOod that the property OF the South
Columbus Mining company Is located
on the south and east of the Columbus
Consolidated companys domains. but
the map which appeared in the morn
ing papers shows that the South CO.
lumhus locations had been moved down
the canyon. perhaps for convenience
sake and That the West Columbus is
represented as being the owner VI
ground adjoining and further down the
canyon.
IL was leaned during the day. how
ever, from General Manager Tony ia
cohsOn Of The Columbus Consolidated
company that a member Of the Jonna-
son hrm. who Is now In the city, had
made arrangement several days ago.
with the owners OF the Silver Dipper.
Alexander Nos, ! and 2 and Leroy Nos
! ana 2. 10 float a company for them;
but the property. he states. Is loca.el
In what is known as the Peruvian gillch
section of The camp, about one and
a half miles below the Columbus Com
solliAted. Mr. Jacobson and his broth
er, A. o, jacobson, once owned these
claims. hut that was several years ago.
Recently they have had nothing TO 10
with them. Considerable ore has been
produced from mines IN Peruvian gulcn
IN he past, and a great deal more prob.
ably will b. ln the future. The Silver
Dipper and adjoining claims are said
90 contain "A good showing on the sur
face yet they ere only prospects. Mr.
Jacobson does not take kindly 10 the
idea ~ fi0ating stock on the strength -
being near to- some other developed
mine IN the camp
POLDOCK's COMMUNICATION.
The communication Of President
Pollock OF the Mining Exchange reads
as follows
Il wish % call the attention of the
members of the exchange Co am adj
vertIsement OF O. r. Jonnason a Come
pauny, published n the salt Lake
morning papers this date. in which
the following statement occurs.
We especially cali attention TO the
fact that any member OF the Salt Lake
Stock & Miuag exchange VIII be glad
To execute your orders for the pur-
chase Of this security and Will m-
doubetdly recommend and advise the
purchase az this stock
This statement is unauthorized hy
either official or individual action NJ
The members OF this exchange. and Is
an lneXCusahle presumption ON the
part Of The advertisers. deserving crit-
lCism Of methods that should receive
the unqualified disapproyal OF this exc
change as a body
u therefore request the members as-
sembled, 20 signify their approval ~
this communication and Go request the
widest publication by me press Of the
fact that the salt Lake Stock a Min
ing exchange in noVIse permits the
use Of Us name for private gain"