New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-27

the openinp will he called and upon whose shares
the Trust Company will lend money, include the Ltt'
Pttsburg ChrysOlitc Annie Little Chief Leadville Free
land Bassick Horn Silver silver CHI, Hukill, DuuEin
Climax and La Plata. Tho aggregate diVdend'
declared by these thirteen mines amounted
last year 10 S3250O0O or per oo cen6 no Oh
total valuation OF more than S2{,OOO;%Co9Gc e ~ 40 ,h
far possible, the new Exchange VIII nave 10 90 MIL
mines ihe of which non essabe, ana hat
Is the character Of those Just name9; 3r"'s h
In the directory favOrs the listing or ony -uen shal
arena usscssable, believing that II kew-lofR ihEes
in mines could he protected from the periodical as
which have wrought ruin to so many on the
Pacific Coast. the industry would obtain speedieT am
fOOh0ld than by cOuntenanciiS properties Wci
declare dividend to-day ana may leVy an
upon the stockholders tomorrow. Such action wouli
bo in accord with the policy ana Jay laws o,0,' OF
panIps named Incorporated Tor ny INC
Ncw-YOrk statutes mining shares ace worcestershire.
II the same rule applied IN California ana NTvaIa, Ine
official organ OF the san Francisco Stock EAchahge
would not publish list Of forty-siX mines
been levied upon stockholders during the past
month one of them has levied sixty three assessments
within few years, and IL VIII probably ievy siNty
more If the stockholders will cOaunue 10 pay Refer
ring 10 this system OF lcsalizfd robbery
has been made IN which II Is shown that or lol nes
four only have shown yaue the operation OF ten ohers
resulted in a net loss Of S75l5.s20 the remaining
pockc,s Of stockholders in assessments S31jl5,s20.
Much surprise has expressed hy The promoters
OF the company that the credit OF IT'S oreanzitoh
should have been given to San Francisco persons by
several OF the NewYJrk papers that have mentioned
The subject The corporation was not formed py or IN
the interest of stock operators nom san Francisco ana
in truth they have had liite or nothing 70 say
about H. Nor WIS it formed because men from
that city desired ana 10 be allowed
To have the same Opporunits for maDlpuai ing the
mining market here that they have bad there MOI mas inc
hOudlufu" state Constitution OF CtOlnla had suel
an 81 ct upon capital invested in mines as 10 comicI
lis withdrawal from that STATE aud transfer TO TINS city
such extent to render necessary or adVlsa"e
the establishment of The Exchange. ~ mas also been
stated IL Il prob bic that the list OF members or the
now company comprises She names OF many men who
have resided in san Francisco; but the company was
not formed I'm their interest prmarl or remOtciy.
Tnc ucorporat0rs believed mat the pubic demanded H.
because the mining industry had reached sicha stage OF
development IN the East that It Should nave greater
facilities for obtaining money th1t The good mines
should he pushed to the front. ana rated above mos =
wlIcu never have paid ANA probably never VIII paY =
q dividend; thai In the legitimate trans acton o. II
business investors might learn what mines had buying
~ wei ~ a selling value, from the point OF view
Of lender well as OF borrower.
That those who are interested in other
sock Exchanges in The city should rot LOOK
kindly upon an organ Zatlon which m eht ic sen Their
membership the iucorpOraOrs OF the new company eX-
ucced. ana they have not been disappointed But iney
say thar they nave desire to hGht aiy other LX-
change but on tho other hand. prefer harmony Al az
events they are uly organized FOR business ana
propose their share - IT, believing that chtet-
prsc will NEE: public want and establish conulence
IN ;Lc business Of mining which it has never yet h'd III
East.