Letters to the Editor Only neophytes squak about the VSE

In all my dealings with brokers and underwriters, and with anyone associated with the VSE, I can categorically say that it was never necessary to break any law, bonus any individual, hype the stock or pressure anyone to achieve any corporate objective whatsoever.

Few speculative mining investors cried about windfalls on other stock exchanges in the mid-1960s or about any similar abuses since. It’s only the neophyte who doesn’t want to pay his dues and take his lumps that squawks about unfair practices and financial losses. On the other hand, that investor may never question his own morals or think twice about gouging a client or padding an expense account.

Now is a great time for tears. Many investors have paper losses, particularly in the speculative mining issues. These companies have been hit hard with a multiple- whammy: scrapping of the $500,000 capital gains exemption, increasing capital gains taxes, undesirable flow-through provisions, high interest rates, decreasing precious metal prices, short sales, bad publicity and everything else responsible for present mining market blues.

Cheer up America. Don’t burn those old certificates — there are better days ahead. George R. Kent, Consulting Geologist

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