The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-09-13
MINING swINDLEs DENOUNCED

A Nevada contemporary, the Goldfed
News, has apparently entered upon a
vigorous campaign against mining
swindlers. In a recent issue of that
paper We notice that it calls upon the
victims of mining swindlers TO report
to the government the facts of their
victimizlng, so that the privileges Of
the mail can be denied to the crafty
rogues. It's appeal under this head is as
follows:
The metal mining industry is the
paramount, industry OF Nevada IT is an
important-wherc not the principal-n-
dustry of twenty other States. The most
important and general market for the
securities representing This Industry is
what Is known as the "outside" curb
market. which is not amenabe to the
regulations which may properly, and
should, govern the great stock exchanges
OF the country. on this outside market
II has been possible for unscrUpulous
operators assuming the title Of broker
and banker, and get rich quick" CON
ccr1s. TO fleece innocent investors out of
millions OF dollars, and to bring dis
credit upon this great National Industry.
The real makers OF mines are not re-
spoHsible for the false and fraudulent
representations OF these crooks and
swindlers. States are powerless within
themselves 10 stop the swindles that have
been operated from the tall office build
mss Of the more popuIous cities OF the
East The tactics OF these swlndlers have
been the tactics OF the swindiing race
track upster. The United States mails
have carried thousands OF tons of their
deceive. Occasionally one OF these
swlndlerS is caught. but their operat tions
are 80 generally hedged about by book
keeping methods and colluson with con
snIa
branches OF swindltng syndicates operat-
Ing in different cities and connected by
private wires that conviction Is made diff
Ncult The victims can supply much OF
The Goldfeld paper expresses faith in
the good intentions of the government;
but it very Justly urges that the gov
eTnment cannot act unless the persons
who are swindled will furnish the in
formation upon which it is possible To
act; and it concludes very Justly that
the government has never recognized or
realized "the full Importance of the
subject, or the blasting and whitening
influence upon great and growing in
dustry which these crooks and common
jailbirds have exercised. - Therefore
the Goldfeld News calls for the produc
tion of evidence on this point. and il
urges everyone who has suffered al the
hands Of mining stock takers TO for.
ward to the Chief Inspector. Postofice
Department, Washington, D. c.. any
evidence OF fraud in his possession in
cases where the L, s. mails have been
used 1t insists that cases involving
failure or unseemly delay in delivery
Of stocks purchased, and the "closing
OUT of accounts under suspicious cir
eumstances, should especially be re.
ported.
We are glad 10 see that this matter
IS being taken up with vigor nv the
Goldheld News. The move should be
supported throughout the mining re
gions everywhere, because there Is no
doubt that the fake operations Of these
swindlers materially re,ard the develop
ment Of mining camps. and are respon-
sible for the failure of many good min
ing ventures. The mining industry it