The Alaska citizen., 1911-06-26
QUARTZ STOCK.

A va, stated in these columns las; week there k always fDe ,er- ruiu,y that in the wake ui the trs' >uc,esses lu quartz camp there will be placed on rh. marh,r a lof ot wildca, stock propositions. l. wa= no, ,o be expected that Fairbanks would he the exception.
 When The possibilities ot quartz development ou larg,r scale were first discussed in rhe camp, ahou 'Uroe wears ago. there were d uum- h"r ,t companies loa'ed win a cap taliHaIiou 'Ua' Ha~ absolutely r,dIe- ulou-ly ,uu>id,,"d lu councoflou with what they had to show. A: rha' time there was nor a known mine in the camp. and. except in one or tWo had been done And yet the public was invited To purchase stock iu yompanir. capitalized al millions u' a figure the equal ol what i, frequently charged tr stock ju working mines
 The consequence" wa, that only small amount of stock Has -oId. because the public Wiscd itself lp in time The money received rom the sale of The stock, perhaps two or three thousand dollais. went some place. any placc-eNoepr into thc ground. and the work Was stopped until such time as The public Wa, again ill d receptive and yjeld. ing mood
 Now. there iS no better way ill which the public ol Fairbanks can put its spare dollars to work han in the purchase of good quartz stock. The investor will be helping him self and al the same time advanc- ing the interests of the camp. His money will be many more times likely 10 bring returns than ii he almosr-near Seattle town lot scheme. and he will besides have the satis- faction of knowing ii k working al home
 Bu, unless the investor use- or dinary business prudence when he places his bel he is aW to gel sung, and il would far better pay him to put d few more dollars To the money he was going To spend in stock and send man out into the hills 10 prospect He should thoroughly in- vestigate the property he is buying into and find ou why il is that a property that is capitalized al d ,ouple of millions should find ii nee essary tp sell d few thousand dol lars worth of treasury stock before Ihis is all right if the owners Of the $l,9I0,ooo of promotion stock have pooled their interests and obli- gated themselves with the public not to sell any of il for a stipulated length of time, so that the purchaser of the treasury stock can have d run for his money and stand to win by he advance ill the price of shares. But he may. on the other hand. find that no such agreement exists. and that the owners of the Iromotion stock, represented by d couple of thousand dollars worth ul work. can. whenever they see fir. dump this l.950.00o shares on the market al any price they can get for it. As they would stand to make handsome profit at T. a cent q share il can be readily seen there is not much chance. in such cases, fer any rise in the price of the treasury stock.
 Buy stocks by all means but buy them right A little investigation beforehand may Obviate whole lot laliZation of the Newsboy an excel lent plan was evolved one that seems to be fair alike 10 promoters and investors. Some of those compan- ies which have not one-tenth as much to show as the Newsboy. but yet are capitalized at vastly greater sum, might do well to try and effect re organization along somewhat similar lines before they offer their stock to the public.
 Otherwise the investor will hasten to spend a couple of hundred dol lars in prospecting and then forget the mining and break into the pro noting game himself.