The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-07-17


Salt Lake mining exchange meets
again, in the early days of August,
there will be a radical change of
measures and of men.
1t would appear from the debate at
the meeting yesterday that the gov
erning board of the exchange has not
distinguished itself by any. remarkable
activity; that it did not care whether
school kept or not, or who occupied
the position Of teacher. No explanation
as to laxity in duty was offered, either
1t may have been pressure of business
which caused the members of the
same to neglect duty; but whether or
not, the cause did not seem to cut any
figure in the opinions of the members
who assembled at a meeting; there was
a unanimity of opinion that the gov
erning board should either be removed
or ought TO resign.
President Donnellan called meet
ing yesterday afternoon at o'clock
at the Knutsford, but when the thir-
teen members who responded met it
was decided that thirteen was uniucky
and that seven mora could not be OBJ
tanned unless the gathering was held
ness center of the city. This action
was taken after all the members pres
ent had wearied the young lady in the
central Office with calls for certain
numbers on the telephone chart.
The office of Dewitt B. Lowe was
selected as a vantage ground, and
after everyone present had been dele
gated with police powers and instruc-
ted to arrest every member found
lot y
made. ,.f- 49,
When the new rendezvous was
reached it was discovered that every
one of the thirteen had done his duty
and that several more than a quorum
were present, Kenneth Donnellan,
while not bringing in a. recalcitrant
member, exhibited the shoe of a dray
horse. which he had picked UP on
the street, and this was decided TO be
a good omen, so the several members,
among them being Captain 'Egan, Mr..
Airs of the Mercur, Broker. Crook, L.
G. Woolley. j. c. Conklin, James K.
Gillespie, Herman Hill Secretary vi
gus. Dewitt s. Lowe, Kenneth Don
nellan, Broker Colburn. Broker DON
nellan and many others settled down
to business, with Mr.. Airs in the chair
and Secretary Vigus performing the
arduous duties of secretary and read
ing clerk.
After reading the call issued by
President Donnellan, which appeared
in the columns of this paper a few
days ago, the secretary gave the mem
berS a short treatise on finance, the
same being to the effect that on the
assessment levied there had been col
lected $780, while the expenses of vari-
Gus and sundry accounts was $107 90,
leaving a balance on hand Of S42.71.
The announcement that balance was
in the treasury was most cheerfully
received. Per request of the members
the secretary read list of those who
had paid, which was greeted with
mingled smiles Of satisfaction and
looks of annoyance, those present who
had paid indulging in the smiles. while
those who had not wore the disturbed
countenanceS.
The meeting then listened to the
reading of the resignation of James H.
Bacon, who has for some time acted
as treasurer of the exchange. The
same would undoubtedly have been &C
cepted but for the remark of Herman
Hill, who, cautious to a degree, sug-
gested that before the same was made
final. that Mr.. Bacon make showing
to the exchange and permit it to know
just what it had when the collapse
took place. This remark provoked
some visibility but when the smiles
I.
Hill was correct and the resignation
was laid on the table, pending a letter
from Mr.. Bacon, and perhaps some of
those nine, eighteen months and two
year notes which he is going to give
his creditors.
Although no formal action was talk
en- in the matter. it was understood
that Frank Knox would be the treas
urer. he having been chosen as as
sistant some time ago.
Then came the resignation OF Presi-
dent John T. Donnellan, who, in a
brief note, explained that he did nor
have the time to spare to attend to the
duties of the place, without making
great personal sacrifices, and asked to
be relieved. This resignation was dated
on Wednesday, and while some OF the
members were aware thar it would be
fled, to the majority it was sur
prise.
There was no election held to fill the
same and shere will be none until the
business Of the exchange has been set
tied 10 the satisfaction of all those who
were present. However, it could be
noticed that the reading of the letter
was received with much regret.
The meeting then resolved itself into
q committee Of inquiry as to the ques-
ton, Where are we at and what are
we doing here?"
Are there any suggestions to be
made concerning the business stated in
the cail?" asked the chairman.
Herman Hill. ever practical, re-
sponded Eyes, sir. move that all who
have not paid the dues of So be sus-
pended and dropped from the rolls
Although this motion did not carry.