The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1912-01-04
THE SUBMISSIVE sToCKHoLDER.

The following from the Wall Street Journal in comment
ING edoriay upon the duties and rights of the small stock
holders any corporation will be read with interest and bene
It by all stockholders corporations whether they
camille or mining enterprises and it quite probable that an
Observance of some of the ideas mentioned would result in
being made with mining properties in this and
every other mining district we'll materially lessen the
chances for incompetent and INSCRIPTIONS officials to retard
their development:
at would probably be out Of all to hope that among
M country stock of New Year resolutions might be found the
determination of all small stockholders in larger corpora
tons to assert their rights and shoulder their responsibilities
ct never will any law set Of laws be passed OF half the re-
Formative value that attitude of active ropretorshp on
1.-THE part of the rank and file Of stockholders would be sure TO
exer TO hold the directors and official staff OF great enter
se to strict accounting to them as to the men whose
Holdings entte them representation the board OF al
ctors is as much their duty their right as much their re
possibility the general public their private privilege
Not the least of the evils of the coronation means to
legitimate ends is the accepted idea that stakeholder must
be an international banker potential controlling interest
70 ente him to representation in the management; and that
therefore, the owner of hundred shares not only may
one there to speak for him. Of course the nvarabe answer
this by no original argument that the more stock
man owns the likely he to act in the true interest OF
e stockholders but hard service has this theory toe
readbare for further responsibility while the distorted cor
ary is fitted that it not of Importance whether
the small shareholder knows much about the administration OF
his investment understands annual reports its affairs
or not.
''Some fragrant examples of national policy OF com
ng corporation bndly to the dictatorship OF one man
small group of men, without reserving the right OF
effective inquest have recently to light but we have them
before all times The fault not altogether that OF the
stockholders Barring difficulties of time and distance there
the further nconestbe fact that the obscure shareholder
no seeks advantage of annual meeting question
the wisdom of directors to obtain light on the com
anys plans condition. is invariably confronted with dis
ranging all the way from cold suspicion to stud
led nsoence Only the stakeholder who rises to compliment
it's excellent record basks in the genial sun
shine that descends from the higher sphere into which ne may
not enter.
better which there shall be constant exercise the one side
acknowledgement the other of authority and response
lily that exist only in In the majority OF our
cporaons the same officers and directors may then
continue office and do quite they have been accustomed
do 1t of the minority that the change must
be made"
One resolution that will be help to yourself as well as
Ito the district is to make up mind to do all the boosting