Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-06-06
FIRST ANNIVERSARY
or The Salt Lake Stock Exchange
Celebrated With fcasilug and
speech.Maklpg.

The Salt Lake Stock Exchange colc.
bra,ed the first anniversary Of IL ex.
lstcnco yesterday by fcasting and
spcech.maklng. For several hous the
exchange presented lively appear.
nncc.
ON the adjournment Of the call
hoard Secretary Pollock Invited the
members Of tho stock exchange and nil
hose holding Invitations TO adjourn To
tho basement Of the new Walker bulld.
Ing, few doors west.
On tho north side u the large room
tables were spicAd with q flne lunch
prepared ny NJ. J. Kennedy, Of the
California restaurant. The brokers and
Invited guests pariook of the various
meats aud salads freely AMI general
sociallty prevailed.
II. q. Chambers, president u the or.
change, mounted small platform that
had been improyl.cd for the speakers
aud congratulated the mcmbcn ON tho
record Of the year. "rhc exchange
he ssid, "bfought stocks into greater
harmony anu favor with business mon
resulting IN u benefit not only 10 tho
mining districts, hut 10 tho business Of
this city, which Il M largely dopen.
dent upon that Industry" flo hoped
that nj the next annual election the
exchange would select some one for
president who can give II his timc,
which he had been unable 10 do on
account of absence from the city. lilo
appreciated the exchanges importance
aud thought that every minc Of im.
porlance should be- brought before tho
public by listing ON the exchange.
Colonel Sells then made u speech In
which he cndoayored 10 portray the
good that had already resulted ani
would hereafter accrue from tho stock
exchange.
Judge Bennett was introduced and
naidi 9Th. leading Industry here IL
mining. The medium for fostering II
Ia the exchange. Wherever mining
men arc found they read " tho trans
actions of the exchange. Tho conduct
Of tho exchange for the last year has
done great deal Of good. Strangers
are coming In, attracted hero by what
they hear Of our mines. You are dOlug
good work, and you viii 80 ahead un.
III your exchange equals the best In
tho land. There IL a war being made
on your Industry by tho Importation
or rather the smuggling In Of lead from
Mexico. The silver question IN n
fight until silver n reinstalrd an n
money metal. | wish you success and
hode that the mining Industry may
aid In building up state that will
stand out proudly In the grand galaxy.
w. q. Nanliofne spoke ~ follows; a
year ago today tbs mining exchange
was organized and n city was born. In
all the cities Of this section OF tho
country Salt LAX. has the only ex.
change. We rank aa tho smallest city
that has n mining exchange. The
reason Of this II that II Is generally
conceded that salt Lake viii become
great city. Men from tho outside
have come here 10 buy tho mining
stocks Of Utah Territory. Many things
could be- done 10 help the stock OK.
change. can name u large number
Of stocks worthy 10 he listed on the
stock exchange. Iftbis exchange can
grow from bsDyhood 10 boyhood and
again 10 manhood, this city will be-
come the greatest city Of this western
country. The merchants should sup.
port -, because IL contributes 10 their
business; the real estate exchange
should. also support tho exchange,
a. 1t sends up the price Of property.
To-day, " you ask man In tho East,
he may not know that this city sup.
ports a mining exchange. Tho whole
IL Utah minerals are tributary 10 Salt
Lake city, while only three-fouTgha Of
those OF Colorado are tributary rs Den,
yer. The time viii come when Sall
Lake CITY win have more wealth
poured into Ia golfers than IA mined la
ali OF Colorado.
Colonel Lett said that Utah has