The New York herald., 1876-10-03
THE AMERICAN MINING BOARD.

FORMAL OPENING or THE NEW ENTERPRISE
YgsrERpAy-THE ADDRESS or THE PEEsI-
DENT
The hrst session OF the American Mining Board was
he'd yesterday morning at the temporary quarters In
The Office formerly occupied by Duncan, Sherman
< CO.
The President OF the Board, ar. William Ward, ut
the opening, read an address which explained the OBJ
iects of the Board substantially it was as follows
CONFERENCE.-The project of which this association has
unprscedes,ed dnsncsi embarrassment and Industrial
~ & ss m9. ssasa,1e among s are rather 'as
one identified with H. The single tact iha SO many per-
scther Mninr board tell, The story d the new
ssa.snins here in New York tue vas,ne Of mineral
wealth and Of the deterninatin TO provide the facilities
iof rs proper asseopnen. Ia a.. our deiloeraiion, care
AMI ,aes,as.,al body. In ssnauins our as.inss
nryns companies we noid ou .he olive branch 70 all
associated with The had Is believed to be ample Tor
@ s l. m asi ~ aaa,o to hs:s a ,o
nrs in rank ot all such institutions has neabersnip coua
@iien greser than WITH ali it, excellent saries !. can
pIopsry perform To add the Mining snses 70 ~ already
10 that institution, without extending to the mining
when 50 rea, needs j. vii * ~.s therefore 'IpnS sss
boy sha ~ eonns ,,sef,o It's sPeca.'s while We are re-
n common cause rather than competitors Tor the saprem-
During tbs .ittings Of committees they
@ ha,e aaa s@aer go ie member
nnd qualified There is still list OF waiting the
he number ihls iact makes II Impossible % compile
o,ner INN an rn ,%psrsc list o na%en at ne
ever. and As soon as completed printed copies viii
decided OF their meetings that 100 additional
ms%eet, should be sdtsed at "a initiation lee Of go
each of me hrst 100 names tydve been eiected
It was Also ODE hat ali nominee. Tor
whose applications should be received prior October
Nnene els nretnr md
that a nominations after that date snould be for
The consusion as snended measures have been taken
to asrAnze me popre..ry members n,o corporate body
certificate tor the having been filed with the
Secretary ot state A. as the forms OF law can be
Piled with the organization will bo completed, tho interests
OF the
PROPRIETARY MEMBERS
will be represented By stock and their liability win be lin
stocks upon the regular cali oe an aoo
been nade 70 US and more than three onhs OF them have
M mo then Sss hois whose
and the remainder valuable and productive
properties In due time the better class Of petroleum wells
daily call including the shares Of Ice companles
somp ns ,
outside OF gold and silver mining have been
Summarizing the preparing and storing
extremely nssi industries viii probably in due time be-
come prominent as well as appropriate features in
dealings.
As rnr FINANCIAL STATUS or BOARD,
s Il Ak hs ns.s
being paid by recently elected members The
applications for weeks past have averaged
than 80 day, and still continued without abate
lho membership dues already amount
$1,000 and the receipts from newly elected
hers other likely be Sl0UU
ing Total income OF oOO for the rst OF
So tar salary has been paid to officer OF this
body hut within \ reasonable those who work
will doubtless be adequately compensated
We debts OF kind, and there is universal de-
termination the OF the officers and committees
ab ties beyond the execution OF lease Of suit.
able for business Of the Board and the
involved in that obligation already special do
post In the United States Trust Company 1t is intended
conduct the business with Consistent
at 70 lay the foundation Of fund for the
of building suitable the business the
ypved in It's permanent In due time reading
and cabinets OF minerals will DO added
such institution and the
perfected Bureau Of Mines ind Manu-
will lie organized through which trustworthy
may be made OF tho prominent proper
ties represented in board such organization, prop
erly coaucied will he material protection to investors
thorough for themselves and will give the
pursuits OF mining particularly security and certainty
that cannot be economically attained In any other
/ onght close this report without making
however Inadequate of the valuable
rendered throughout vice president and secretaries
and by the varions committees
He also returned thanks to the press to Mr. j. j.
Keernan, Of tho News Agency and to Mr. Solomons of
Pacific Mining Bureau Of San Francisco, for their
services TO the Board
The Woe President also made a short address, aud
aftcr The fOrmaltties done