Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-21
D0NNELLAN SPEAKS.
Tho Colonel ISsuss an address Treat.
Ing on Ulah's Mining Resources.
THE EXCHANGE A GREAT FACTOR.
Tho Development Of ulnh's Mines Has
just Btgun-A Good Field FOR
Investment.

The listing and governing COMMITTEES
Of the Salt Lake Stock and Mining eK.
change held q very important. meet.
Ing commencing nj pm. yesterday.
Atm Colonel John W. Donnellan, tho
president Of tho exchange, Issued the
following address treating on the IN lines
and mining fesourcsa Of the new State
VI Utah, aud the imporishcs Of n
l.ock exchange to handle tho great
number Of valuable stocks which will
shortly be placed on tue market. He
said In his address;
EXCHANGE MEAsURABLY SUCCESSFUL.
"Iho experiment Of tho establish
ment OF tue S,OoK aud Aiming *.
change IN tula city has been attended
Dy removable MEASURE Of success,
and with such changes In Its rules
aud methods u ttansao,iug it, business
as arc suggested by the practical ex-
potlrnoe attained IN the datly routine
OF the WORK Of tho exchange II will
doubtless s!tcdily reach the full
mcNufo o. prosperity and Usefulness
predicted for II by it, original promote
ere.
'rhrt there 10 nUcd Tor such an In
,iituu0n IN Salt Lake City IL eyi.
fenced by tho iaoi that thure are few
ellie, either tn tho Unlloi states or
Europe ~ the si4s aud imporlancn
Of this city, that have not ike
institution under a variety OF names.
In our case the OvershadoWing Inn.
poriance OF our mining intefe,ts
suggests tho name Mining EE.
,hAngv' IL 10 quite lime that
our citizens foaliEo tho necessity
OF fostering ana encouraging in every
possible WY the development OF tho
mines Of Utah. Tue farming, bank.
lug, manufacturing anu commercial
iniorosle VI the state all draw thor life
ans suatonance itom the mines. The
miners create cash hOmu market for
all the products Of the farm aud ths
factory. We aru No romot from tho
great cenlers Of population ~ 10 pre-
cluuo the possibility Of exporting our
surplus farm products except live
STOCK and WOOL, hence the Importance
Of fostering this great Industry.
MINING ntusos PROSPERITY.
"Whefe mines ara opened, furnaces
built or mills established, land grows
In price, as consumers aud producers
/ ,rom ths exhAl,ting Ia. n, t,ar,no,ia.
| ION. pfo.peflty n,me, with div.fsitv
| OF employtnsnt and occupatIon. I'm this
direction lies our ability md onportnnI-
~ 10 build 10 gfeat poweffuI and
| pfo,ppfoup community. Mining has
| neon cbatacIeflzvJ ns N speouIstIy,
busiuesr, pattakiuV of the natur, Of a
lottery. with but few prlz., and MANY
,iank,; but such ia moi the cas-. In
! Utah mining. A. IA we'll demonstraied
M Tue lac: that the mines which make
nubllc Tsuoft, Of theIr op.ratIons in
| his State have. IN 10 ont.. mid saO
| 0OO. 900 In diyIIsnus whit, IN, nrivat,
nina, and plos, oott,oraiIons nav, na,d
! nruu,blv giO .OOO OD0 a iditionaL Ia tha
| nradurtiou on mi. .nntmo,is prnfit
/ th,r, was nrobablv ,xpend.d for isbor
ami mat,fi,I a sum ,xreediny s5O 010
O0O.
1870. -. -...
-,
monoud to DO developed. I'm every one
| Of the old mining camps now mines
! arc being opened. In Park CITY there
| arc several possible silver KinRsI TO
commence distributing TO their lucky
owners their rich diviuends In the near
future.
"In Tintic are several possible rivals
OF the great Centennial. Eureka aud
Bullion- Beck. There arc many new
| producers In Bingham, while In tue
MArysyille district telluride ore, slnii.
lar 10 that VI Cripple Creek, 10 reported
10 have bsen iound, And Just over our
border Ia Nevada. at Do Lamar, sever
II OF tho richrs. gold mines In the
county ara being actively worked aud
yielding rich returns.
"Iu tno great Avtcur gold district
tbs similarity Ui tho formation 10 that
OF tho HaH ddlstricl In South Africa IL
mosL marked. In both cAsss the gold
occurs In tho nOn.mstAllio form, or II
It In In metallic form Il isAn impalpa nls
powder, Aud the Rand, "a well as the
Aetour, owe their existence Ms produce
tive mining disiriots ~ the discovery VI
The cysuide process.
-, .,.,,,.,.o,,,.,. ,,,.-,,.
NANN ~ N'' ''''o' Di'hNiVI'
uTbp Rand aufifstoua dIa,rlot 4. said
IN A, Ivsnty.,oysn miles IonS bv i've
mild, vide. Tns goi1.beariny slInta n
A he'd OF gravel, wnioh subss1uently 10
It's ueposiiion' Oecains saturated with