The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-06-26
HELENA MINING EXCHANGE
A Well Attended Meeting in the New
Rooms in the Power
Block.
The Place Elegantly Fitted Up fol
the Transaction or
Business.
a,.;,,ment of Committees-The Roll OF
Membership at the Present Time
A Daily Bulletin.

rrbe n,aubers of the Helena Mining ex-
chance met in their elegant new quarters
in the Power building last evening. The
roou ia about 3Ox1OO feet and is on the sec
ond floor. The building is supplied with
aonh,e steam elevator, is conveniently STU
.tad and is probably the most desirable
,,,oca that could be secured for mining
axobonoa In the rear end is raised
platform and desk for the caller, ana on
the wall is blackboard upon which the
names of the listed companies are to be
placed. About midway of the room IS a
ra;,ino beyond which none but active
,,,e,ohers ara to be admitted during the
cal The Montana National bank pre-
sented a specimen cabinet, which is to be
flled with specimens of ores from all
listed mines.
Tbe meeting was called to order by Presi-
dont ". Knight. The minutes of the
previous meeting were read and approved.
The president then appointed the following
oo T.istine Committee-H. NJ. Parchen, G.
X Wells. 0. h. Alien, Jonn l. murphy
Executive committee, which shall also
constitute finance and auditing committee
Henry Klein, A. j. Sellgman, A. M. Hol-
ter. X. c. Wallace, Thos. Cruise.
Membership committee-0. h. Allen.
John 7. Murphy, H. M: Parchen.
Committee on appeals-E. u. Eogerton'
/. G. Phelps, Samuel Word.
The list of applicants for membership
was then read and passed upon by the com
mtttee constituted for that purpose. The
non-active members admitted were as fol-
lows: Prof. G. G. Swallow, DIR. J. M. Fox,
Z. H. Burke and r. B. Turner, of Bozeman.
TO for nfyyynv mn
bership were passed upon: w. G: GoodinR,
S. K, Davis, ". G. Humbert, J.: NJ: Ryan,
T. ii, Kleinschmidt, K. A. Bell, VIM. ].
Sweeney, A. L. Smith, H. B. Palmer, W. II.
Little, 6. J. Reeks, OF Granite, George Gray,
r. H. kleinschmldt, Sam. Schwab, J: NJ:
Clements, Il. G. Davies, F. Q. Gable, OF
Butte w. B. Richards.
Il was stated that Mr.. A. M. Hotter had
agreed to furnish the exchange with fine
collection of Montana minerals.
On motion the secretary of the exchange
was requested to secure list of all the
mining companies incorporated in this state
and to mail a copy of the by laws and list
ing rules to each company, asking their alc
and encouragement in building up the min
ING business in Montana. All mining com
panies that have paid a dividend are to b
listed without examination.
John T. Murphy called attention to tn,
fact that there are many mines and incor
porated companies bearing the same name
and thought it would be we'll for the ex
change to take some action in regard TO tn
listing of such companies. 1t was decides
that a rule should be adopted for the gov
ernment of the exchange in the matter an
for the protection of investors.
A general discussion as to the best meth
cd Of conducting the business of the e,
change, the duties of committees and SO OF
took place, after which communicate
was read from j. NJ. Ware and V. H. Beck
man, who asked the privilege of printin
the daily stock exchange bulletin. the OF
fetal organ of the exchange. Mr.. A. M
Williams, of the firm of Williams, Thurbe
& Co., of this city, also asked for the sam
privilege. The matter was referred to tn
following committee: c. X. Wells and L
G. Phelps.
A caller has been secured and it is tn
intention to begin active business within
the next two weeks. All applications TO
membership were reported upon favorably
There are now eighteen active and eighteen
non active members of the exchange, leav
ing two vacancies of the former to be tille
and twelve of the latter. The meeting ad
journed to meet at O'Clock Monday even
ing next.