The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-08
HOT STUFF FROM coLBoRN.
His Address Yesterday to the Mem.
bers of the Stock Exchange.

bers of the stock Exchange.
Judge E. F. Colborn, who was sent
by the mining stock exchange to rep
resent Utah at the opening of the New
York stock exchange, returned home
yesterday, after making a most envi-
able record for himself and breaking
the ice in the east so that little of
UtahS glory might shine through upon
the uniformed citizens Of the Atlantic
states.
The Judge appeared on the floor of
the exchange yesterday, where he was
warmly received by his colleagues, and
after the call was over he made
short talk, reciting his experiences
While east, in which he said:
MIR. chairman and members of the
exchange: However little l may have
to say, can truly state that l am glad
to be at home again. have been on
mission-one. l take it. of great i'm
portance to this, the state of Utah, and
you know fairly we'll what 1 have been
doing, as in my absence have endeaY-
ored to keep you acquainted with my
labors. The same symptoms noticeable
in New York are apparent in Chicago,
and it is with some little difficulty that
you can impress upon the mining peo-
pie in those cities the magnitude of the
mining resources of the west. In st.
Louis the mining exchange has died
out, but assurance is given of its re-
vival in about thirty days. Kansas CITY
opens an exchange on March 16, and [
accompanied party from that city to
Colorado, the visit being made for the
purpose of looking into the way of do
ing mining business in the Centennial
state. l urged the party TO continue
their journey as far west as this city,
but they did not care to do so at pres
ent, but gave the assurance that Salt
Lake would be visited by their repre-
sentatives in the near future.
THE press of New York did not give
the opening of the exchange there the
consideration that i deserved, nor did
the opening care to give Utah the
recognition it deserved, but despite the
fact that no preparations had been
formally made for the introduction OF
a Utah representative, Utah got there
and left an impression which will not
soon be blotted out. Utah stocks are
called on the New York exchange, but
the great excitement and interest is
conferred in Cripple Creek. Emblasoned
on every bill board and in every spare
window as you go along the streets,
are the words Cripple Greek" which
words simply haunt the people of the
larger eastern cities, both by day and
by night. The stocks of Colorado are
not only called on these exchanges. but
they are protected by brokers who are
deputized to look after them. That is
what Salt Lake wants. The mere
calling of stocks will not rebound to
any great benefit, unless someone is
authorized to push them forward.
Utah stocks are called and passed.
Colorado stocks are worried by the
bulls and bears and buffeted from one
corner to another. Good figures are
placed on them and an interest is
aroused. which can only be done by
men who are especially looking after
their welfare. The Utah mining men
should see to it that where their stocks
are listed on eastern boards. they
should be properly protected and repre-
sented by parties authorized to look
after them There should be transfer
offices opened up, as in this way, and
in no other, will our stocks be attended
| to as they should be. The Salt Lake
brokers should make associations with
the brokers of New York and Chicago,
and be forever singing the praises of
the many valuable stocks that are
listed here.
while absent I have had interviews
with the leading papers of the United
States-the New York World. the New
York Financial News, and in the lead
IlS ud1Ilto vi CnlCdSO, 81 LOUIS ana
Kansas City. I have been highly sat
isfied with my visit and much encour-
aged with my labors at the opening of
the New York exchange. Several par
ties told me that my speech there was
the redeeming feature of the occasion
/ visited Wall street, and in looking
over the figures of the business trans
actions in nearly every state but ours
it almost made me forget that s7e had
a Horn Silver mine that was pur-
chased at one time by eastern parties
at a good round sum, and which has
since produced its millions; that we
had in our state the great Ontario mine.
that has produced over $50. OOO, 600 and
paid nearly $13500,OO0 in dividends; a
mine that has the greatest pump in
the United States, that can lift a river
of water at one stroke; and that has a
drain tunnel three miles In length.
which is two miles longer than the noted
Sutro tunnel; and it made me almost
forget that in Utah we had some of
the greatest mines to be found in the
world.
while in New York 1 met some of
the biggest capitalists in the country.
and they listened with great interest to
my recital Of the magnificent wealth of
our new state. They are coming out
here, and on their way they will find
that Colorado is a good place to stop
off for drink, but that Utah is the
place for safe and legitimate mining. .,
[CheersJ