The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1890-07-17
An Important Meeting Of the Di-
rectors of tho Helena Min
ing Exchanges
Some High Toned Mining Prop
critics to be Put on
the List.
Mr. Sam Word Talks About the Exchange
News from the Coeur d'Aleno
Country.


ing, out Of which it is hoped much good
will result to the Mining exchange. The
directors are among the most prominent
men of the city, and they have decided to
pull together to infuse new life into the in
stitution. Mr.. Sam Word, who was the
principal mover in organizing the ex-
change, ia very much interested in it's vel
fare, and is satisfied with the progress
made thus far and expects that it will liven
up in q few days. ut takes time to get
these things working right" said Mr..
Word yesterday, land precautions taken by
the exchange to insure honest treatment to
the public is such that We shall have
a stock board of only meritorious en-
terprises. Experts are out now making ex-
aminations of several well-known proper
ties and if their reports are favorable to
the listing committee they shall be placed
upon the board. This work takes time,
being made slowly to insure the best re-
suits. At Butte everything is placed upon
the board and no record or report of the
mining property represented is accessible
to buyers, as understand it is not demand
ed. Here, however, we shall have reports
from every property, their location, amount
Of development, ore IN s,ght OF oat I =
buying if he does not know the. property.
These reports will be prepared by compe-
tent men and the directors shall
be unduly diligent to see
that no wildcat scheme is thrust
upon them. They are all familiar with the
place confidence in them. Helena is talk
ing about advertising the city at an expense
Of perhaps $4,000. Why. they could not
get better advertisement for the mineral
resources of Montana than by encouraging
and building up the Mining exchange.
"rhere will be no more curbstone calls.
That has been prohibited and only the
shares listed with the exchange shall be
called, no matter even though there is but
one stock listed. But within the next two
or three days some good and valuable
mines will be listed. The company having
the rich Helena and Frisco properties of the
Coeur d'Alenes which have paid within four
paid monthly, for the purpose of assisting
the exchange will place their property in the
list and offer limited number of shares fol-
sale.
"The Jay Gould company, which is also a
close corporation, will list their mine and
on the market. The Copper Bell, Q. R. 4
N. and BA Kimber will be examined and
will undoubtedly soon be added to the
stock list
The exchange hour will begin promptly
every morning at II O'Clock. No calls were
made yesterday, but it is hoped that a good
attendance will be on hand to-day. With
such dividend paying mines on the board
as the Iron Mountain, Helena and Frisco
and Jay Gould, those anxious to invest viii
nave rare opportunity. Mr.. Word be.
lieves that in due time the exchange will be
a busy and thrifty institution and one Of
untold value to the miners of Montana
The Denver exchange brought millions Of
dollars to Colorado for the development OF
mines. Now it costs but $50 to list prop
erty. The directors are firm in their pur-
pose of having irst-class exchange
that will grow into one of big Importance
and that will become known in all parts OF
the world where the English language il
spoken. Montana has the mines and min
eral wealth, and the greatest mining state
in the union should have a mining and
stock exchange in keeping with the i'm
portance of the great industry and it is
but natural that Helena, the financial me-
tropolis. should maintain such an institu-
ton.