The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-12-27
MINING STOCK EXCHANGE.

reka Hill mines in Tintic district have
not produced ore in paying quantities
until the present time This change
mas come about by lessening the cost
or production and reduction. In the
mammoth there are large bodies of ore
mat could not be extracted and treated
de profit until the company put in a
mill and pipe line, and now this ore is
pelng treated at profit and there is
now enough ore exposed in the mine
TO keep the mill in operation for five
| years to come, and am in
torhned that the same can
De SAID Oh the eureka Hill, which, with
III IA Inc past lew years has put in a
| SZoo,O00 mill and plant, all of which hai.
since been paid for out of the mine and
the property is now a large producer.
! The Sioux Consolidated has also built
a mill to handle low grade ore with
| wonderful results, its fine bars of bull
non going % per cent gold, the balance
pelflg nigh grade silver. The Bullion
Beck has followed with a large con-
! centrator, and now there are five mills
IN the Tinfic district where none ex-
ISled three years ago, and today there
are more men at work in the district
than ever before, and the same cam be
Sald OF every other mining camp in
! Utah"
Mayor Baskin in reply, said that it
was not his intention to create the
impression that silver mining was in
depressible condition, and that he
was glad to say that silver mining was
able to hold its own despite the efforts
being made to debase the white metal
Judge Colborn, apologizing for his
brief remarks, caused by a sudden att
tack of dizziness said that he had a
comparison of the estimation in which
the various mining states and terri
tories were held, and that he had found
that Colorado ranked first, Montana
second, and Utah third, and that on the
New York stock exchange Colorado was
represented by tllirty-eight dividend
payers, Montana by seventeen and
Utah by ten. The judge also stated
that the total dividends paid by Colo
RADIO mines amounted to $2S, $780, 1856; by
Montana, $2S, z99, 6S4, and by Utah, $780,
S65,000 a total of $50, ,040 which
shows Colorado, with its thirty-eight
dividendd paying mines, has paid only
$l,595,3S6 more in dividends than has
young Utah, and that Montana, with
a dividend credit of $2S, 799,684 has only
got the best of Utah to the tune of
$l,934,6 S4. In this connection the judge
said that the largest dividend paying
silver mine in the United States out
side of Utah. was the Granite Noun
tain, in Montana, with a total of $12,-
100000 to its credit, as against $13, 49,
600 paid by the great Ontario, at Park
City, Utah.
Judge c. c. Goodwin was then intro
duced and said: 1T is a hard thing
right after Christmas to make a speech,
but l say, God speed this new institu-
ton, and l believe that if it is run
right, that it will be a benefit to this
region otherwise, it will be a black
eye to our mining interests. If it is
started out right and gains the con-
fdence of the people, [ predict that
within six weeks there Will be a great
mining boom in Utah. Mining is the
only business in Utah-mining and
newspapers. Colorado, our sister state,
has by judicioUs advertising, drawn
millions of dollars into its min
ing in that state, and on the
strength of her reputation, cam
readily interest all the necessary capital
for the development of her mines.
Now Colorado is only an outskirt of
Utah. and Cripple Creek. if put on
the back of Mercur. would make no
more impression. by comparison, than
a hen-coop on the deck of a Cunard
steamer Our former exchange col
lapsed through the effects of uIfore-
seen circumstances, but now capital
will enter by degrees, to be |
followed by flood Of wealth, !
and this exchange will help to |
bring it here: and I want to say |
that your president, Colonel Donnel- |
Ian, is a living example and certificate |
of reliability for this exchange, and |
that his recommendation of stocks
and mines is a certificate such as no |
pick or shovel could equal if worked !
in ore for two years"
Fitzgerald Murphy, a member of the
in C,~i,o
Creek mining district. then made a
few remarks, congratulating the ex-
upon its suspicious Inaugural
ton. Mr.. Murphy is the author of a
play on Silver Mining the intention
of which is to show the evils Of the
opposition to bimetallism. This play,
we understand. is to be presented in
Salt Lake at an early day. Every
mine.'' said Mr.. Murphy, lis helping
to solve the great question of human
ity. The miner robs no man, but the
product of his labor enriches the
world and the wealth SO obtained is
and every mining ex-
change established helps along this
industry
The meeting was then adjourned
until 1870 am. Saturday next, and
notice was given that a directors
meeting would be held the same even
ng at 7:30.
The public was then invited to par
AXE OF fine spread prepared by A.
Fred Wey. which invitation was heart
lily accepted, and for awhile good
ceiling and good fellowship reigned
supreme.
Below we give the names of the
officers and members of the ex-
change:
John w. Donnellan. president: Ed
ward J. Carter first ce-president;e G.
). Holmes. second vice-president; E.
/. Airs. third vice-president; James
1. Bacon. treasurer: Frank L. Hill.
c. E. Stanton. assistant
secretary: E. D. Colborn, caller: James
Moylan C. Fox. P. A. H. Franklin,
John Dern. R. c. Chambers. C. H.
Robinson. Joseph a. Silver, James w
leil. f. A. Grant Frank Harris. w.
Y. Price. H. NJ. Ryan, j. L. May. c. Z.
stanton w. M. Bradley. George w. E.
Dorsey. c. H. Jacobs. W. Scott Girls
non. o. J. Salisbury. Charles Crismon,
I. G. Hebron J. K. Shaw, j. H.
hughes, j. Gillespie, Charles H. Crit
in James A. Murray. John H. White.
: l.. Rood. w II. Dickson. DR.. G. w.
shores. A. Fred Wey, j. 1. McHugh,
\. P. st. Clair. r. W Sloan, De Witt ]
!. Antics. r. l.. Colborn. J. B. Thomp-
on. c. S. Clark. W. c. B. Allen, L. J.
lark W. P. O'Meara. A. NJ. Ssoooner, .
!. H. Officer ]. F. Corker. Nor
is Sommer, C. E. H. Hudson, l
Ienry Newell John s Scott. s
frank officer, E. C. Rognon. j. D. Kei- I
en-, E. A. Wall, s. J. Weigel, J. L. An i