Arizona weekly journal-miner., 1898-05-04
ANNUAL ADDRESS

o.ths President of the Prescott Min
 ing Exchange. i Gen.lerdcG:
 According to an established GUS tom ii. becomes my duty to Eeport ID veu. at the close Oi my term ol ofiee, inc dcings of this Mining kA- change for the past year.
 MEMBERSHIP.
 -I-oon assuming the duties of this office last April the membership ''as fo,nd to be decreasing 10 an alarm me extent, there being no more than fifty active psgia5 members on the roll. ThaUks ,0 the good etorts If ;be soliciting cor1Eiitse, the de- crease was eieltus -rscsei anu a material incT, as -uect r., ne ac- five paving me ship tle ilng at . one time as -igh as eIga' 'y-hye. | For the past two months, however, our membership has begun '7 cwin- de. and today the number l. sixty 1 The financial affairs of the ex- change were, on last April, ID rather a Lad condition. as the incoming board had to face an actual dehcit m tre dues' account of S46.15; to- day our finances are in a good, healthy staie.-our balance cash op hand" in the membership Tee ae- count is SlS6.65, and in the dues ac- count Sl57.25.
 IMPROVEMENTS AND ORE EXHIBIT.
 The improvements made during he wear consist of a set of good, strong two-ineh shelves, a stand Tor inc visitors regis,er. besides the res arranging of some ol the fixtures. - Our ore extio.- Is steadily increas- ipg. and with proper efforts in the future We shaiI soon be enabled to make a splendid display.
 MEETINGS. CORRESPONDENCE AND AD-
 vERTISING.
 Sinca the organiz 9tion of thls board it was held weekly meeting - with Q very few exceptions, as tou will find by looking over the mn utes of the board of directors. IL has been the aim 10 have this Ex- change assume the functions of a hoard of trade also, and its office a gathering place where all public 0uastious could be discussed. Dur ing the past year we have had sey- eral meetings al which such public aue=tlocs af WaterwOrks and sewer ace. reduction works aud military post were discussed and preliminary steps laken in two of these cues lions. Al letters Of inquiry III re- ference to climate, business re- sources. etc, have been duly ans vered by our secretary. on our de- scrlptiv- letter heads, and by thls means considerable advertising va: scconuisaed at a minimum cost The data for a descriptive pampaiel has been prepared by our secretary with t.s assistance Of our hOnora bl- mayor. W. o. O'Neill, but owing to the iark of funds until recently tbe ru5lcaiOn has been della ed A there are now sufficient fundi in the treasury to meet the outla' that wIi be involved m publishlns the panpiet, 1 would earnestly urS. upon the incoming board the advIs ability of at once proceeding wlti the contemplated work.
 SIMPLIFYING AND REDUCTION woRAs.
 This board has endeavored t' 10 solve the question of reduction wlrks to the best of its saullity The committee on correspondents wrote to almost every -meiter in lh United States and also to gTea many companies -@ patent pro cssst-s. etc. Ii -s received from the s,nelte he aIec that they d.d not -Hevt that h time had as yet SIT. sd ior 3 .-uIni a shelter at this puiat. NearlF al of the smaller companies Q. aacte' guarantees that the city could no possibly give. However, g. yol have seen from our daily papers, committee of citizens appointed b The president, made arrangement. with Mr. Best of the Beam process to give him d bonus of one doila for each ton Cf ore worked, to th amogut cf ten thousand dollars an it is sincerely hoped and believe that this reduction plant will bt come a boon tO Ihe miners, and material help to he upbUildIng C our cIty.
 DEVELOPMENT OF MINES AND THE CIT
 During the year Isvspai count has progressed in the number working nin=s 1nc in increased ou uui. Oar city l. also increasing size and population. and 1t Is b lieved .hat the work Of the el change. though not ostentatiou has teeE toa great extent instr mental iu producing this advanc ment. The main objects of the El change have been to help the mi CTS of Yayapai county and to bul up the city If Prescott. For nun Der of wears the county and cIt were u0f iu harmony, as they shou te. and the work of the exchanl has been directed in bringing the together. and by mutual ald and a sIstaure. a. -ite in promoting ea' others welfare and each othel good. The last drilling tournamei neld in ihis city. one of the mo successful ere- held here, is an e' dence of this unity. and inc boa of directors hope tbat a conte: we'll advertised. will be beid he during the coming sumner
 DIRECTORY.
 Inasmuch ss the rue has be- laiu down for rotatICs u office, tha men. .-rs of this exchange. rrs,,e.-.t. recommend that q r.lF 5s s cred to and a new boa of diee.ars be elected, sssuriI them t.e ,aey will have the assis auc, az. -smPathy of the prese boa-A
 CONCLUSION.
 Tn ara-- that this address ma not ns. .. too great length. a nun ber ,f isr.ar.ant matters have n been Moa .uae,:; amuuZ hich a the buitng of ;tr Prescott al Es.tar. ...road c. bis lug whl' wiH ..,aasbt a-si-f ll deroioplI one .t lo riches mining reSio triluarF ta Prescott; the carcyi- O. ti. Ie.-rut election. wbicA eAabl ihe .4ty fo give bonds to q an. uni of one hundred and h[ thousand doil1rS f-- al sdequa .,-sr..y- and zeHpraE- system: and Il