, 1890-07-17
OPEN FOR BUSINESS.
The Spokane Falls Mining Ex-
change is Now Ready to
Sell Stocks.
Il Was Formally Opened Thurs
day Under Most Favorable
Auspices.


first time officially heralded to til,
people and mining fraternity of thi,
great Northwest the glad tidIng,
that now era In the mining in
dustry OF this section has begun.
The exchange was crowded to IL,
full capacity when the hour arrived
for the ceremonies to commence
Many leading citizens and prOni
ncnt miners from various districts
who were in attendance, spoke ol
the exchange in tho highest terms,
wishing for 1t great prosperity and
congratulated the city on possess.
ing citizens of such enterprisinu
spirit,
On the stage OF the exchange were
r the president, secretary, caller, and
the orator, while in the pit sat the
(. members In body.
The ceremonies commenced ex-
actly ut II o'clock by Warren Hus-
soy, president Of the exchange
delivering the opening address ~
follows;
EStDENT HUsSEY's ADDRESS.
Gentlemen of the Mining Ex-
change and Fellow Citizens: Your
committee has seen fit to confer on
me the honor of making the open
Ing address at the Inauguration of
this new enterprise in our Queen
City of the Inland Empire" and in
an evil hour, under the promise th ut
but short address wolld he cS-
pected, have reluctantly consen ted.
Bankers and miners, IA n rule, are
workers, not talkers, hence i will
crave your indulgence but u few mo-
ments before giving way to the Clo-
quont gentlemen who are to follow
me.
First allow me to congratulate YOU
on the elegant and commodious
business quarters. Your location Is
wisely chosen, your rooms hand
sonely fitted up and conveniently
arranged, Offering every facility for
the transaction of u large volume of
business. While, like all new en-
terprises, this too has 10 have Its
beginning, and business may not
rush in to you ~ rapidly ~ some of
you may anticipate, | trust at no
distant day your transactions will
far exceed your most sungtiine eN-
poctations, and that your present
commodious quarters may give way
10 u beautiful and more commodioIls
home of your own.
You are to-day, gentlemen, foster.
ing the greatest of the worlds in
dustrios, the one industry To which
our own great and glorious America
and the commerce of the world at
large owes most.
Go back with me, pray you, on
the path ot Time, who changes all
things here below, forty short years.
Prior To 1880 the production OF gold
and silver, owing to the outbreak
of the revolte OF the various Span Isl
dependencies in South America,
had been largely checked. During
this diminution of production the
value of these noble metals rose
!, 10 about two and one-half times
their former level. Trade and
9 commerce languished, labor was
lily paid, and u dollar of verify
seemed as large as cart
wheel. Woe to the unfortunate in
divldual who was then in debt
bankruptcy and stagnation stall<ed
abroad over the land. Chicago was
IA small village, II took days and
nights OF staging to 20 from Indian
npolis, the now prosperous capi tai
of the proud state of Indiana, to the
western termini OF the railroads then
struggling lccbly out from our east
crn seaboard to the unknown West.
Illinois and Iowa were receiving "a
few struggling settlers, and all be-
yond the Missouri river was known
l.A A l.
lS4D came the news of the discovery
of gold in California, andin 1851 I he
Australian discoveries were made.
In twenty short years the mining
industry, gentlemen, added $500,
100000 of gold and silver dollars To he
worlds solid money, $500, OOO, 600
dollars! an amount equal to all the
gold and silver the world had pos
sessed prior to this time. Then it
was, gentlemen, that the symbolIc
Iseagle of our progress took Its flight
pecross our desert plains and maies-
tic Rocky mountains, and spread its
protecting wings over that vast
storehouse Of wealth from which the
hardy pioneers have since hewn out
the great and prospective states of
Colorado, Montana, Idaho, Nevada.
Washington, Oregon and California,
and the territories OF Utah, New
Mexico and Arizona Then 1t was
that we began to feel that we were
great. That there was destiny in
store for the West fully equal To that
OF the East, and future of great
ness and magnificence for both that
would make lis what we are to-day
the greatest, wealthiest and hap
piest nation on the lace Of the globe.
The great and rapid progress our
country has made under this stimtl-
Iating flow of wealth Is familiar to
you all, and II Is unnecessary for me
to dwell upon II. Twenty Yea n
more have passed, and an unceasing
continuous stream OF gold and silver
has been poured into the lap of
trade by our great mining industry,
furnishing the slnews Of war that
enabled our government 10 put
down mighty rebellion, and when
"white winged peace DER our coun-
try her olive wand extended" To rs-
|. sumo specie payments without 40
ERAlich AS creating n ripple OF disturb
Hnce incur financial circles, greas-
S4ng the wheels of commerce, aud
building up prosperous cities aud
happy homes. Where to-day would
DC the commerce of the world had 1t
not been supplied with the thou
sands OF millions OF dollars our mines
produced? Where the prosperous
cities and the cultivated valleys of
our great Rocky mountain states?
Where our great continental rail.
roads, with their enormous trade
and traffic?
"Take the wings of the mornip q