The San Francisco call., 1896-01-17
From a photograph.

said: eve wish to establish a market(
value for big mining properties, which will
give investors some idea of the prospective
value of adjoining claims. Most all prop
critics of any importance have smaller
properties contiguous that have no set
value upon them, and the development of
one will improve the other.
owe have fifty charter members and
among them you will find the best-known
mining men in the State of California;
men whose word on mining proposition
is good as the virgin gold of the earth.
We do not propose to have any wildcat
schemes floating around the boardrooms
in the NJ ills building, where we have taken
the lower floor in the rotunda, and no
mining clique or mil ring can ever ma
terlalize to bring discredlt on the exchange
and gold-development industry. No fab
ulous salaries for superintendents and
other officials, with fast horses and other
extravagances provided at the expense of
the public can fasten on our California
m ines. Each mine must necessarily have
It's own mill, its own water rights, its wood
and lumber, its electric plants, Its own
moderately paid superintendent and
miners.
"Unlike the Comstock, where the paw
bodies of ore are like eggs in box of
meal, where you never knew when you
would run into pay bunch and when you
would run out, the walls in most instances
In the California mines are well defined
and pay streaks can be followed any depth
if capital is furnished. 1t is Just this very
capital the Gold Mining Exchange of San
Francisco expects to furnish to the needy
miners.
Already a company is talked of, with
large capital, for assisting in developing
properties that have been passed on by the
exchange as meritorious. This company
will, of course, work independently OF but
be IN perfect harmony with the exchange,
and guard the investments that may be
advanced to assist in thoroughly prospect-
ing property, and regular reports will be
OF investors. Non assessable certificates
will be issued, which will give the ex-
change legitimate securities for trading
purposes, with regular reports, as sure
guide for the action of operators.
"A small fee will be charged all COM
panies desiring to be placed on the book
list of the exchange. Blanks will be fur
erly signed, will give all requisite informa-
ton as TO title, location, work and i'm
provements, etc. The committee on mines
and mining, aided by prominent adj
ylsory engineer connected with the ex-
change, will pass upon all applications,
and only those thought meritorious will
be taken notice of. A further personal in
vestigation will be made by the expert of
the exchange, and if found correct the ap-
plicant will be turned over to the exchange
for material assistance. By this means it
is expected investors will be attracted to
the exchange, where direct and truthful
informa alton can be obtained.
Something like 100 applications to go
on the book list have already been made
to the exchange. Of course to con over
and carefully examine even this number
will take some time, but the work will be
at once commenced as soon as the books
and blanks can be prepared.
The fact that, unsolicited, the Boards of
Supervisors and other prominent county
officials are voluntarily aiding the ex-
change by resolutions and through CORE
spondence, shows the popular wave of
feeling toward the organization Tor the
development of the yellow metal. Con-
servative and cautious men throughout
the State claim that California within the
next two years will see the greatest boom
in gold mining that the world has ever
seen, South Africa and Colorado not ex-
cepted. AS conservative man as Henry
Pichoir remarked the other day that verv
few realized the business III gold mining
at present going on in this State, And if