The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1910-03-10
FAVOR ASSESSABLE STOCKS.

The attitude Of The Wallace Miner well known the mat
Of assesabe that it is gratifying find other reputable
publications falling into line We qute the following editorial
comment from the Mining Review of Salt Lake City:
years The Mining Review has favored the plan of making
all mining companies assessab For years it has the utter
ruin of companies and recorded success where
corporaos have wisely made possible raise for mining
operations when all other but assessment have failed
The of stock has when the limit
of funds has been reached He is helpless condition. for he
his holdings if he wished Many there
are opposed assessabe stock but these rapidly chang
ing their minds this regard and the OF the west
large extent coming out strongly in favor the assessabe
pn Included in the list il the Herald of Rhyoite Nevada
which says:
"As good proposition investment which commands the
attention of conservative and cautious business man. the asses
sable stock plan for mining companies certainly make stronger
appeal for investment than the worcestershire 1t provides for
future protection and allows those who cannot do not
invest farther who get cold feet to drop out and permit
other stockholders carry the business and have to the
hacksdex AS rule the worcestershire plan favored by those
who make mining stock Investments just flyer gamble
merely put little money and let bring in hundred fold
return lose in the risk It is not good business practice
has been generally stered and urged by those who hastily
form mining companies and Of necessity must raise funds quick
" the that the stock fully paid for and
will be required of purchasers Too often the funds
vided do not suffice put the venture into profitable condition.
when honestly and competen managed Then trouble and
disaster ensue
1.-THE purchaser worcestershire shares has entered
tract with legal corporation and gerrymanderng of the laws
abrogate that without his Consequently
based upon the worcestershire plan cannot be converted
into assessabe without the of stock
holder Therefore when change becomes imperative
the oerato company build another and make the
venture a
To effect such change there methods the open.
frank and duly advised procedure the shady and tricky
One duly apprises and affords every shareholder fair
chance or the other that merely pretends to do
In the past have had illustration of method
aid during the week George Wnged and his associates
nounced the carrying out of the other method
Wednesdays Goded give the plan for the reconsruc
ton OF the Sandstone and the Kendall mining companies
These companies both out of money and debts
amounting to $3 O is believed that their property hold
ngs valuable but under conditions it is impossible
to raise from the sale of treasury stock and they
financially helpless So it proposed that George Winged
shall legally by due court acquire title both properties
Of which action all stockholders given due notice. Then Mr.
Wngeld will deed the property company organized
the assesabe an and all shareholders of the former companies
acquire equal number of shares the assessab
This allows all those who with the investment to
do and those who do not drop This to be
fair business proposition and the proposed geymanderng Of
socad leasing company recently advocated for another
erty"
At the time have many worcestershire properties
the Occur Aenes idle We have company making valiant
effort to operate The large shareholders have voluntarily sub
sbed funds to keep the work going but before further aiding
the they protection If this had been
gained the asessae basis would have been continuous
and possibly before the sougfo would have been
posed and the property q self-supportng basis
E