The Alaska citizen., 1911-06-19
Phone 262 Phone
FIFTY DOLLARS REWARD.
STOCK SPECULATION.

There are many indications tha- this summer Will see the tHa-i II of several more mining companies. he .haros in which will be offered for pur,hasc by rhe mhl. and + mtgh. he well ar this lime 'o voice a warning ,o .hos, who az. inclined ro ha over speculative. as v'1 as ro 'hose who wwo-e wr.n- .he stock ,n he market.
 Just now there .~ d well grounded confidence in the nHarte- ,raased il dcecIopiug .heir properties. and n consequence ruo whl. has been g,ucrouS iu r- subscription -o rho stock lists m u,~ of inc man. ucr m which some -rouh~ aarc Hgu- dl,d in this camp tvo wears ag.. this disposition r he rar .t sho public to subscribe irIj,ar.- ,i.Her forgiying or d lorgetUl disposition.
 For there "as ,erain amomf o. stockjobbng carried .n iu Fairbanks at the time mentioned Naieh Was a rife les H.uoraulo rhan Il oou- duct of the average sneak fhi,t. and is perperasorS 30. away HltA clean records simply because rGarn Na~ no one suhicieu.ly nro-.ea .o ei'o tha matter publicity + t~ 10 pre- ven, a recurrence of he ~amc kind of skuIduggery that The question i, hroushr up al this time.
 TO state tho matter mor. plainly f can be said tha- most of tho pca- pie wha bought stock in some of thc companies organized gouple of years aeo were. Il common FarIance. swindlet They showed a sommeud- able willingness 10 take a chance, in the hope of helping along a good proposition and al }hc same time reapins any emoImnours which might legirimarely accrue ro .jr spec0la. lion, and they Were promptly thrown down by the organizers of rhc com panies
 When a man buys 1n-cemr shares of stock in a company organized at a couple of million dollars he speculates on the price of that stock rising and he chance 10 sell al a higher figure. He hears that a sraIod amount of treasury stock is 10 be issued al a certain price, and he estimates. as best he can. the chances Cf f going up in value figuring all the time that this amount is all that will he thrown on the market for sale.
 l. was in this way hat some were induced to buy stock here two years ago al ten and twenty-five cents a share. Fortunately there was only limited amount sold a' ,thcse fig ures as some of the companies were considered to be too highly capital iZed. This. however, did not lessen the rights of the few purchasers. and the owners of the hundreds of thou sands of dollars of promotion stock. which they have received al an out lay of few dollars. had no right 10 throw that stock on the market at one or two cents and so render practically worthless the stock which had been bought in good faith at ten and twenty-five cents by the gen eral public.
 In the Newsboy scheme of crgani- Zation We understand that the pro mOterS agree not 10 put their stock on the market for stipulated period, so that the purchasers of the treas ury stock can reap the benefit of the raise in value and speculate with il if they care 10 in the full knCWl- edge that there is only certain amount for sale This is eminently fair. and no other scheme should be tolerated nor will it be if the pur- chaser of stocks goes about his busi- ness with his eyes open.
 There are number of good prop critics in the camp that can be work ed to great advantage with capital. and undoubt edly some of them will be stocked. Let the owners adopt generous policy with the public and they will find they will get square deal in return. The towns people of Fairbanks have freely sub Scribed toward the development of the quartz and proved that they are inclined to speculate. This attitude will undoubtedly be continued unless unscrupulOus promoters are allowed to break into the game. and it will help in incalculable measure to ad- vance the development of the quartz. Let every intending purchaser of stock assure himself. before he buys. of the amount of the stock there is for sale. and that the promoters are not likely to drop their holdings on the market.