The semi-weekly miner. [volume] (Butte, Mont.) 1882-1886, 1885-12-09
HELENA BUDGET.
Opening Of the Helena Mining
and Stock Exchange.
THEATRICAL CHAT.

ullu DUUCh GAOu0lSts
THEATRICAL CHAT.
Talk of q Libel Suit-Who is the
r5 Butte Miner Cores
@ pondentp
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Special correspondence of THE MINER.
HELENA. Montana, December 4, 1885.
The Helena Mining and Stock Exchange
was opened last night, with grand blast
OF strumpets, concluding with banquet.
The Mayor and other prominent citizens,
including the Helena press, were invited,
speeches made, toasts drank. and ':yet they
were not happy"
SOME two months age it was suggested
Through the Independent what happy,
valuable addition to Helena interests, a
Mining Exchange would be. Was there
money in it? Oh yes. lots OF it to the in
corpt'r ~Aias ,..on,ho.a The arhas,,a carried
Thirty.five members subscribed twenty
dollars each believing that they were on the
kround floor instead Of in the garret. Tick
cts were issued of the following import:
4 This certifies that - is member of the Hell
ena Mining and Stock Exchange and is entitled
to the privilege of the floor for the year ending
December 81 1886. This membership certificate
being issued and accepted subject to the consti-
tuition of the said Stock Exchange and to all
rules and bylaws which may be enacted or
passed by the directors thereof
R. b. HowEY, Secretary.
The purchasers in every instance OF these
tickets (they are not certifcates) supposed
that they would be entitled to all the
rights and privileges of perpetual member
ship, and some of them were speculating on
the probability of having a voice in the
election of the President. Board OF Direct
ors. Secretary, ETC., and also on the prob
able advancement of the value OF their sup
posed certificates of membership, and an
increase of the yearly dues to about $50.
In spite Of a grand banquet at the Grand
Central Hotel, bontonieres, champagne,
cigars, ETC., their hopes were shattered, by
the cruel announcement that the Helena
incorporated for $4,000; that SIS, 900
had been taken up by fifteen OF the incorp-
orators, and that there was $15, ,OOOwo
Of etock freely offered to the other
gentlemen who had generously subscribed
$50 each-if they wished to take it. The
President, T. II. Kleinschmidt, and the
Secretary, Rev. R. H. Howey, explained the
matter, but the murmurs were loud and
deep on the part of some of the members.
~
THE matter may possibly be adjusted
when the incorporators see the necessity Of
making it a Public Exchange, letting the
original subscribers into the enterprise on
an equible basis, with the right to control
4 %1o ;o%o %hox, Io ,1,.or ,1,oI
As it stands at present, thirty-ive men
have subscribed $50 each to furnish the
hall and pay for the banquet, and yet have
no voice in it's management. One indignant
gentleman offered to sell his privilege this
morning for $40. Another on being asked
show often Will this kind of banquet be
set up?' replied, $50 long as there are
suckers enough to pay for it!'
Dear ,,tt,: s. bucket shop,
Sweet little bucket shop
Soft little bucket shop-Hi!!!"
A leading Helena lawyer, and one 81 the
most prominent authorities in the Terri
tory, gave your correspondent the actual
status OF the Helena Mining and Stock Ex-
change, viz: Under the laws of this Terri
tory in relation to corporate bodies, any
company composed Of seven or more citi-
zens can incorporate and organize COM
pany for the transaction OF business and
sell the privileges they have to offer on
their terms. Consequently, the only ques-
tion at issue is whether the present incor-
porators did or did not deceive the
subscribers who paid their $50. The
membership ticket, OF course, is only a
trading privilege, but if they were induced
on an equal footing, then it is a grave
moral wrong.
On DIT. There are several pastors and
preachers actively engaged in the develop
ment OF mines and mining interests here,
and good story is going the rounds in re-
lation to them. One wag said they were
still following the original scriptural in
struction-"Feed my lambs" But-but,
| said he, II guess it is only with the inten-
tion of increasing the weight OF the fleece
| and then shearing them"
~
| ONE indignant member on the outside
said to one OF the inside clique, For God +
| sake, if you must have something, let US all
go for the outsiders and not begin by eat
| ing each other up"
x*x
Mr.. STEVENSON, arrested for assaultine
| the PiOneer-P Press correspondent a few days
| ago, was fined $40 and costs, amounting to
$2O.8O, before J. w. Eddy, Justice of the
! Peace.
| HELENA is trying hard to get up mining
! boom, and undoubtedly has good pros
| poets.
! ~
The definition OF bucket shop in Chi
cago or st. Louis is supposed to be place
where men can trade in options or actual
,%< TO- 4hn frnrN
privilege, and where the proprietors (pri
vate firms) depend upon the percentage
they reap from the bulls and bears, though
they always endeavor to keep the oppos
ing accounts equally balanced. In Mon
| tana the proprietors want to hold foul
aces all the time.
NEXT Tuesday, the 10th inst, the new
City Hall will he opened. It is substan
tial, though plain brick building. There
will be a reception, possibly q collation.
and Chief Curtis will give an exhibitio n
drill Of the Fire Department, sliding down
the pole, attaching the horses to engine
| ETC., showing the electric alarm system
and the rapidity with which the fire boys
do their work. The firemens parlor Is
one OF the most attractive rooms in the
building. It is understood that the chic
| fire marshal of Butte and possibly some
others will be invited. They will enjoy
themselves if they come.
~
/ Miss HFLEN p. CLARK essayed tonight
! the difficult part OF Neg Merrilies., in the
| drama OF Guy Mannering," supported by
an amateur company selected from Helena
society circles. We have seen Charlotte
| Cushman, and while comparisons in such
an instance would be out OF place, must say
| this lady is far above the amateur ano
would put many well known professionals
| to shame. In physical and personal char
! acteristics, she is perfectly suited to the
| character she represented and displayed
| positive genius. We understand from tho
outside that the lady had never seen the
! play performed and was following her own
| intuitive perception as to the business
which was undoubtedly original. and really
| first rate. She was fairly well supported
and the play passed off smoothly, the only
| objection being the music. Sir Henry Bish
| ops beautiful gees being set aside for mis-
cradle doggerel. 1.-The Chough and Crow
solos with chorus) known in English com
position-being sung to common ditty.
~
THERE is considerable enquiry here as to
! the identity of the BUTTE MINER CORES
pondent. He is all right; everybody viii