The San Francisco call., 1895-12-29

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the investigation of mines and mine pros
poets and bringing the owners into con-
tact with capitalists who are seeking in
vestment in such property.
General Walter S. Turnbull occupied the
chair, and nearly every seat in the hall
was taken by representative men.
In calling the meeting to order che
chairman announced that it had been
called for the purpose of organizing as a
permanent institution the Gold Exchange
of San Francisco. He further stated that
the committee on membership reported
favorably on the following names:
Oscar Newhouse Theodore Reichart Wilfred
Page, c. L. Hovey, S. P. Holden, W X. Flint,
F. J. Fletter, Walter Iurnbull, H. d. Ranlett,
c. j. Schuster, T. R. Wilbur. William S. Lyle,
George R. Wells, c; W: Randall, ?. T. DickeE-
son, c. q. Yale, John Daggett, Il. F. Lacy, John
Landers, j. F. Crosett, Oliver O. Howard Jr.,
Emile sutro Thomas H. Herlack, George Hud-
Roberts, d: F. Miles, Henry Pichoir, W. R.
Smedburg, F. Chappeilette. P. TN. Waite, A.
s. Wolberg, L. L. Bromwell, F. c. Siebe, Louis
Glass, Robert McMurray, George Habe rnicht,
E. X. Stevenot, E. C. Godfrey, George F. Bever.
idge, David Roderick, S. X. Thorne, NJ A..
Hurley, D. T. Callahan, LIE Roy G. Harvey.
There are twenty or thirty names that
have not yet been considered" said the
chairman after the list had been read by
the secretary. But the remaining names
will be passed upon at the next meeting"
John Daggett moved that the report of
the committee be accepted, and the men
named therein declared charter members
OF the Gold Mining Exchange of San
Francisco. The motion was carried, with
the proviso that if these gentlemen see fit
to accede to the constitution and bylaws
they can become members.
Tha
sented a preliminary report, as follows,
which was unanimously accepted and
placed on file:
The purpose for which the Gold Mining Ex-
change OF San Francisco has been formed is
one that must commend itself to the people of
California and the Pacific Coast.
For nearly fifty years the search for gold has
more or less invited the attention of the
capitalists of this State and of the wnole world
but unfortunately the efforts of the prospector
and miner have hitherto received scant recog-
milton directly from the investor. Middlemen
have haunted the hotels and swooped down
upon the anxious ana struggling supplicant
for assistance in developing his property.
Bonds for lengthy periods have been exacted
from him with promises of speedy sale, under
pretense of great influence with alleged cap
itslists. The property has been loaded down
200 and 300 per cent until it became top
heavy. The disgusted miner after months of
weary waiting is obliged to return to his cabin
thankful if he ist enabled to continue his
yearly assessment WOTk required Dy law.
To investigate mining prospects and assist
in bringing the mine owner in direct contact
with the man of means is the first object of
this exchange.
History shows that the Utica, the Kennedy,
the Champion, the Rawhide and many other
valuable dividend paying properties lay
dormant and were closed down for many years
for want OF sufficient development capital.
1t is proposed to have an advisory committee
of distinguished mining engineers in cOnnec-
tion with the exchange, who will certify to all
investigations that may be made. The seal of
the exchange will then be placed upon all
such properties as shall be passed by the COM
mittee and would-be investors will know at
once the status of every mine offered.
The wheat Will thus be culled from the chaff
rendered.
To those desirous of listing mines on the
Call Board of the exchange advantageous op-
portunities will be offered, and at the same
time an equal chance will be given to those
wishing to purchase shares in meritorious and
dividend-paying properties with the full assur-
ance of obtaining direct and reliable informa.
tion regarding the mines.
This year probably $15, ,OO0, 900 will be the
output of gold in California, with only $500
stamps and 14OO mines employed. Can any
one foretell the possibilities of a couple Of
years work and influence of the Gold Mining
Exchange OF San Francisco?
Instead of $15 900 900 $50, ,OOO, 900 of good
honest gold should be given to the world, with
lucrative and healthy employment to at least
$4,000 additional miners.
The Gold Mining Exchange invites CORE.
spondence from the mine-owners, the capital
lists and from all who desire to invest In our
golden lands.