International., 1925-08-24

vide funds to finance planned
routine Of mine development
work, the sponsors of that enter
prise in their usual plodding, ex-
perienced, prudent and hard
boiled economical manner have
plunged into the task Of compil-
ing an official prospectus and
other contingent data. With such
important details in hand, and by
cumulative publicity, the direc-
tors and their promotion coop
orator, Frank Turner, will be able
to reach the great speculative
public annd submit their wares in
a convincing, legitimate and re-
sultful manner, without any flub-
dub exaggeration of faux pas. for
does not the experienced copor-
alton and publicity man, through
the great law of averages, know
his special public, it's individual
speculative propensities, and
what they will take a flyer on, as
well as does the itinerant banana
vendor, or peddlers of kosher or
dolls, and has he not the same as
surapce of ultimate success?
AS with all other vocations up
on this mundane sphere, in the
majority Of cases undue haste and
sordid greed spell waste Of time,
money and patienceAalmost in
fallibly. With so many ill-ad-
vised and abortive enterprises, be-
cause of fragrant defects in titles
and organization, staring us
Westerners in the face the past
thirty years, we venture to say
that nobody will gainsay seriously
the assertion that is takes time,
boundless' energy, sincerity, abili-
ty, with persistent determination
and experience, detailed drudg-
cry, brains, coordination, Drawn
and patience to conceive and ac-
quire, WITHOUT ANY NONE
TARY PAYMENTS, CASH OR
DEFERRED, insofar as proper
ties are concerned-to organize,
consolidate and 'born" on the
proverbial shoestring bankroll, a
mining enterprise of such far
sighted and ambitious magnitude
as "The Kino Copper Company"
Such a feat is doubly amazing
when it is considered that ALL
THE VARIOUS CONFLICTING
PROPERTY INTERESTS, WITH
PROFOUND FAITH IN THEIR
INDIVIDUAL PROPERTIES,
WERE SATISFIED BY RESPEC-
TIVE AND PROPORTIONATE
ISSUES OF TREASURY STOCK,
AND TREASURY STOCK ONLY,
OF "THE KINO COPPER COM
PANY", AND EVEN AT THAT
ALL ESCROWED, AND WITH
OUT ANY OTHER CONSIDER
ALTON, EITHER CASH OR DE-
FERRED: that there have been
paid in cash practically as fast as
incurred all the multitudinous
fees and expenses of incorpor-
alton and organization, with their
collateral details and aggregate
petty c,.sh items such as: all reg
ular :ees for formally executed
deeds, transfers, county records
of 1877 mining GLAZING, statutory
publications; all statutory fees to
the Arizona Corporation Commits
sion for the Permit to issue and
sell the Eirst allotment of 100000
shares of Treasury Stock at par
($1.OO, at a total selling ex-
pense not exceed 2096, that is to
say 500 of the proceeds from
sales are to go into the Treasury
OF the Company to be used to fin
ance mine development work; and
that substantial sum in cash
was paid out also for grub for
some of the associate projectors.
who. gratuitously however. per.
formed locating or relocating the
statutory discovery work for min
eral in place, and in some instan-
ces paid petty cash items for
united but necessary emergency
labor. NY
The above routine was "soma
JOB, and the directors feel that
under the circumstances neither
excuse nor apology is necessary
for while that program was de,
veioplng, and in order to cover
current expense, set forth herein
before, Colonel Bird, the inda-
fatigable President of tho Con,
pany, was able to sell practically
sufficient Treasury Stock at par
($1.OO) for cash "to keep the pot
a-oolllng. That aforesaid "man's