Mining Securities , livre ebook

Forgotten Books - Pope Yeatman

Découvre YouScribe en t'inscrivant gratuitement

Je m'inscris

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

71 pages

English

Obtenez un accès à la bibliothèque pour le consulter en ligne
En savoir plus

A propos
Informations

Description

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. And yet the mine, thus made the object of speculation and perhaps aban domed in disgust, may be really of value and capable of being worked so as to pay a moderate profit on the capital actually invested in its development. But the idea was given out in the beginning of the enterprise that it could be made profitable at once, and because this has not been the case, the holders of the stock lose all confidence and refuse to furnish the capital, without which hardly any mine, however rich it may be, can be put into a condition in which it can for any length of time be worked with profit. The system which prevails in this country of chartered companies with a large number of shares, seems especially adapted to make the mining business, which contains so much of the lottery element of uncertainty in it, a mere object of stock speculations. The records of the last few years (prior to 1854) show almost without exception that companies with large fictitious capital and an enormous number of shares, have been got up for the purpose of swindling the public, and not for bona fide mining purposes. It may be laid down as a universal rule, that the stockholders in a mining enterprise should be_ kept fully informed in regard to the expenditures and operations of the company. A frank and full publication is the only guarantee of sincerity and good faith. When these things are more generally understood and the public refuses any longer to be victimized, we may expect to see a less noisy but far more effective development of our mineral resources than we have yet had.

Informations

Publié par	Forgotten Books
Date de parution	27 novembre 2019
Nombre de lectures	0
EAN13	9780243643080
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0292€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait