HOW SHAREHOLDERS’ MONEY IS WASTED.
To the Editor of the THAMES GUARDIAN. Sir, —As one of the many examples of how shareholders’ money is wasted and thrown away, I will give you one out of the many' that could be mentioned, viz., the work done in the Smiling Beauty claim. The directors have been pottering and tinkering at this, I believe, valuable claim for months past, and the work attempted lias been a scries of miserable failures. With the well-known result. Such a state of things ought to bo stopped. Directors enter into contracts without entering into calculations, therefore certain failure ensues ; like a mau building a house that will cost £6OO pounds, and finds in the middle of the contract that he has not enough money to finish it. At the same time 1 cannot but blame shareholders in not finding out men who are suitable for the position of directors. Hoping that you will keep your pen ready to expose these irregularities as you have done heretofore, —I am, &c., A Financier. ShorMand, August 14,1872.
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Thames Guardian and Mining Record, Volume I, Issue 266, 15 August 1872, Page 3
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177HOW SHAREHOLDERS’ MONEY IS WASTED. Thames Guardian and Mining Record, Volume I, Issue 266, 15 August 1872, Page 3
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