Arizona weekly journal-miner., 1897-11-03
THE MINING EXCHANGE
A Business Session Held by the DIrsc-
 tors Last Evening.

 lished:
 To TIE MEMBERS OF THE PREcorr MIN- ING EXCHANGE.
 GENTLEMEN: We have been called together this evening for the pur- pose of attending the semi-annual meeting of our exchange.
 It was intended that a public meeting should be held at the court house, but owing to the absence of those who had volunteered to ad- dress the meeting, it was deemed best to call meeting at our head quarters for members of the ex- change only.
 This board of directors was elect ed on April 18th of this year, and though our predecessors in office had worked diligently and faith fully, the membership at that time had decreased tc about fifty.
 With so small a membership, it was impossible 10 collect enough money for dues to pay the running expenses of the exchange, and 1t was therefore deemed expedient to appoint a committee of three to solicit membership, and through the efforts of that committee, con- sisting of Messrs. Dougherty, Bray and Wright, our list of members was increased nearly 90 per cent.
 At present We are out of debt, our rent has been reduced from 5000 to $500 per month, our member ship fee account contains Sl92, ,l5; in the dues account We have $95.45.
 Our present running expenses amount to S97 00 per month, which Is composed of the following items, to wit: SecretarY's salary, $65.0O; rent, $500; light, $500; fuel, post age and ineidentals, A.0O; total, S9700. The two rear rooms of these premises have been sub let at monthly rental of S7.50, which really reduces our monthly rent to $l7.5O.
 Our board of directors have held weekly meetings since they were elected, and inasmuch as our mining exchange has to perform the duties which usually devolve upon board of trade or chamber of commerce, it always has some business to at tend to.
 Since last April we have held one public meeting at the court house, and several meetings of citIzens.and members of the exchange at these headquarters, at which times such public questions as water works, sewerage, reduction works and mili- tary post were discussed, and pre- liminary steps taken in one or two of these measures.
 Our ore exhibits are slowly in- creasing, some betterments were made in our display shelves, and many strangers visiting our head quarters comment very favorably on our showing. Professor Treadwell, whom you probably all know, while while visiting our exchange a short time ago, was very much pleased with our exhibit, and remarked that he knew of no town the size of Prescott that could equal it.
 An article describing Prescott and the surrounding country, viewing 1t chiefly from a mining standpoint, has been prepared, which surmouut- ed by a cut of the city of Prescott, was adopted by the exchange as descriptive letterhead. The ex- change alone has used over 1000 of these; the city council, the board of supervisors and many Cf our business men have been induced to adopt the same, and in this way at a trihing cost our resources are being consid- erably advertised.
 This board would like very much to issue about 5000 descriptive and illustrated pamphlets, setting forth our mining industries, climate, stock growing interests, agriculture, etc., but so far, owing to our slim eX- cheduer, has been unable to do so. We trust, however, that in the near future with the assistance of our business men, this will be accom- plished.
 Considerable correspondence has been had with individuals and cor porations relative to the establish ment of a shelter or reduction works at Prescott. Among others l might mention the Beam process people of Denver; Mir. Pritchard, of Los Angeles; The Globe Smelling and Refining Company of Philadel- phia; the Omaha x Grant, of Pueb- To; Mir. Hanauer, of Salt Lake city; and Professor McPherson. We eX- pect visit in the very near future from Mir. Best, of the Beam process, and possibly from Mir. Pritchard and should either come they will prob ably have some proposition to lay before this exchange, and Tn that event you will be notified and re- uuested to attend a special meeting. ]
 The question Of the establishment of smelling or reduction works at | Prescott is one of vital importance and interest to every taxpayer in our city, and is a subject matter that should receive the attention and 1 of everyone. While some | of us may differ as to the mode of to secure the coveted | plant. yet We are all united in the | opinion that such an enterprise. sue cessfully carried on, will be of un- told benefit to our city and the sur mining districts.
 While some adverse comment and harsh criticism has been made upon l the exchange aud it's managers, yet, can truthfully say, that the direct ors have doneall they could. under existing financial conditions, to further the aims and purposes Of this institution without expecting | or desiring compensation from any source whatever.
 In conclusion I wish to thank the members of the exchange and par ticularly the JoURNALMINER and Courier for their kind aid and as :...,,, ,anHara1 fhis hoard of 1