The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-02-26
BUSINESS, MINING AND STOCKS

the New York Mining exchange in a
graphic manner. as follows:
Colonel ]. W. Donnellan, Salt Lake
City, Utah.
Dear Sfr:-Judge Colburn and 1 as
delegates from our exchange have
now spent nearly four days trying to
enlighten the people of this city upon
the mining resources of Utah, and the
results seen SO far are far beyond our
! expectations. We got several inter-
views and articles in the dalies here
giving the facts about our great mines.
which have no doubt been read by a
I million or more readers The Judge
had an unusually good interview in
last Mondays World nearly a half
/ column in length. which must have
opened the eyes of some of the people
I who had never heard anything of the
| enormous production of our mines. We
| have distributed all the literature we
/ had at the different hotels and at the
stock exchanges. Surprise is often ex-
pressed at the large amount of divi-
dends our mines have paid.
We soon found that the opening of
the New York mining exchange today
was Intended to be exclusively a Colo
RADIO affair. a former resident of Colo
RADIO is the president and there seemed
to be an effort all through to shut Utah
out and it was only by persistent eff
forts that succeeded in getting Judge
Coiburn put on the programme AT
the opening today several hundred peo-
pie crowded the immense hall. The
judge was put last on the programme
and after three speakers from Colorado
mad worn the people out with long
speeches the judge was somewhat in
dignant because the last speaker re-
ferred to the great mining states Of
the west even including Nebraska in
the list but never mentioning Utah
II gave him a good chance to remind
them that there was such state as
Otah, and to compare our mines with
those OF Colorado and other neighbor-
ing states He had his figures so we'll
in hand and gave such a glowing and
eloquent description of Utah and her
resources that he completely captured
the audience and before he finished
speaking the hall was packed full
again. 1t was one of the best speeches
/ ever heard and certainly the best I
ever heard the judge deliver. So
many people wanted to congratulate
him and ask questions about Utah that
he could hardly get a chance to get his
share of the free lunch that was
spread after the exercises were over
We have partial arrangements for list
ing here the stocks listed on our ex-
change and l believe the judge will
complete this tomorrow.
We were extended the courtesies of
the floor of the Consolidated Stock ex-
change today, the next to the largest
exchange here, and found it much
easier to get our stocks listed here.
The following Utah stocks are now
listed on this exchange: Ajax, Anchor
Alliance Began, Bullion Beck, Centen-
nial-Eureka, Dalton, DAILY West. Nam
moth. Morgan. Mercur, Gold Dust,
Rover. Silver King. Ontario, Sunshine
and Tetro. 1t seemed homelike to
have them bidding on these stocks to-
day.
The people of New York, in common
with the rest of the country, are get
ting excited about mining stocks.
hear people discussing the matter on
the streets and in the hotels. They
haven't commenced to invest much
yet. because here they are slow to
move in such matters, and a certain
class of people and most of the news
papers are violently prejudiced against
such investment. But great mining
boom is coming and Utah should do
something to reap her share of the
benefit. Cripple Creek is advertised
everywhere and in every way, and un-
less we do more than we are doing.
very little of this capital will ever gel
across the mountains to Utah Hardly
one person in a hundred we meet has
ever heard of Mercur, but every one.
seemingly. is talking of Cripple Creek.
Ii we had large amount of attrac-
tive literature it could be distributed
here at d very small expense. [ write
this letter, however, particularly to tell
You and the members of the exchange
that Judge Colborn covered himself
with glory, and that we believe that
Utah captured the crowd today and
was better advertised than Colorado
despite the fact that it was intended to
be d Colorado day"
COLBORN'S LETTER.
A letter from Judge Colborn to Colo
mel Donnellan was also read, as fol-
lows;
New York, February Is, 1895.
Dear Colonel Donnellan-The ex-
change opened for business today. A
large crowd was in attendance. Colo
RADIO had at least one hundred dele
gates present, and Colorado and Grip
pie Creek were pushed to the limit. [
was given a place among the speakers
at the foot of the list. All other speak
ers were of Colorado and there was a
perfect deIuge of Colorado talk. A
looker-on. unacquainted with the ex-
tent of the mineral area, might have
inferred from the Colorado speeches
that the mineral veins and deposits of
this country began and ended in Colo
RADIO. When my hour came the great
audience was worn out with the tedi-
Gus eXtravagant talk. I tried to be in
contrast with those who preceded me
and feel satisfied with what L said and
the way it was received.
The Salt Lake boys were present and
will be better able to measure the
value of my remarks. After I left the
platform [ was simply inundated with
inquiries and invitations to make APP
pointments, and since [ reached the |
hotel [ have received two letters re-
questing interviews.
l shall devote the next few days to
attending to these applications and
then proceed to Chicago. I find great |
ignorance everywhere about Utah and |
a keen desire for information. The one |
ought to be dissipated, the other salts |
fed. / believe it was the part of wis |
dom to be represented here, but of this |
and other matters / will have much |
to say in detail to you when [ return. |
COLBORN.