Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1899-01-30
STOCK EXCHANGE OPENING
stirring Haste. Patriot. speeches.
ctc., MARK the FORMAL OPEN
Tug This Afternoon.

The doors u the TITAN Mine and
Stock Exchange were formally thrown
open tn the public ut $50 this after
noon amid great pomp and enthusiasm.
ON the outside the X. of y. band. hired
specially for the location discoursed
stirring strains of muais this tending
10 draw crowd of Erra, proportions
Ho great In fact ne 10 mn DE hall to
rather uncomfortable extent The au-
dicncc contained q good sprinkling of
ladies most of whom found seats on
The Inside OF the pit. and u included
AiHo. members of the Salt Lake stock
and Mining Exchange. AZ well ns
number Of distinguished citizens who
had come on special Invitations.
The new exchange ~ located above
tho Bloch liquor house. Just west 81
the cullen hotel and In tho building
once known az the Lyccum and Won.
derlnnd thsater, The room " large and
airy and " appointed ~ 10 make things
very cnvenisnt and agreeable fnr those
who VIII meet there from day to day
e. dahblc IN mining and other recuf-
ities. On the waiin ar" the blnckboardH
for listed aud unlisted stocks. white
IN the center 81 the pit H. the callers
funtrum nicely set on aud surrounded
b. an Iron railing. On the right IL an
elevated place for the press. while tho
lobby IN we'll furnished with chairs and
benches for the convenience ~ those
Who may gather 10 look on at proceed
inan. q r. -
Il was siti when the X. 81 y. hama
Med Into the hall and started NJ "a
medley Of patriotic airs. Then pfcaldent
w, ~ Noble mounted the roHtrum aud
Introduced to the audience JudEs 4. ~
calborn. "a man who pcrhaps knows
moic concerning IN. mining INTEREST.
~ Utah than any other individual"
JUDGE coLnoRN SPEAKS.
Judge colborn began by referring TO
his residence IN Utah. which, said he
had enabled him e. witness the opening
~ no less than three mining stock cx-
changes. lie referred IN glowing terms
a. the mines ~ Utah which had paid
upwards ~ so. 600 O00 In dividends one
NJ the Ereatert ~ these was the great
ontario ~ Park city. which had "a div.
ident record exceeding that of any
other silver niue In the world. by 81
100000. "ltnha mines are constantly
pouring out "a steady stream ct divi-
/ dendH.' said judge Golhnrn. 'Hrhry
have done much to make thu world rich.
~, aud viii continue aud do even mnrr
49, the states resources arr opened up
ana developed"
lettering To the now exchange.
/ Judge colhorn explained that Il wis
/ simply an overflow institution made
necessary by the Hrrnt number OF cltl.
fena deniruus ~ doing business In
stocks. tie could See every excuse Tor
/ IT. existence ana he believed, Judging
/ from the makeup OF IT, directory, that
/ u would flourish and succeed. and that
| ~ members ms well az the city and
state would rcaliEo from Il great bonc.
Hts.
JUDGE GoopwINs spEEEcH
After another selection by the band.
Iudgc g. q. Goodwin was introduced ~
the next speaker. Iie said he had been
| asked over tn tell those present that
the only way 10 make money IN stocks
was to buy low ana scli hlsh. Mining.
| Hnid the judge, ~ the only legitimate
industry IN the state. II puts money
into tho pockets ~ those engaged In II.
and causes frce circulation ~ that
| great essential Hn necessary In an the
nfnirH Of lie. u was an Industry bone,
! il0lnl 10 the rich and the poor alike.
! anu mnde the state better and richer
ard more prosperous
The speaker ndmonlshcd those pres
| Dut tu look nut FOR "wild-catH' That
| WAS the only flHk connected With min
INK stock exchanges. iiewnre " the
| man, said the Judge. who foats stock
ut 4 cents then pnnls IL and forces II
! uu 40 the same time knowing that
there ~ not that much money IN the
I MNhNI NiN AfNN lNMInfNNa
Judge Goodwin fnld he was not "a
| prophet. nor the son nf one. hut he
would predict that the new stock eX-
change would live long enough to sro
! the reconciliation NJ silver. and the
! oprnlnr up nf ul the big mincF. Tho
judge was pleased IN hear ~ tho On.
tnrIo. bnly-Mest ana others preparing
Tor active work ana believed that the
time was nt hand when all the camps
~ the state would be fun ~ life and
! activity tie nlmnnlshed great caro-
In buying and Helllng stocks. and he
llcNod u hurt To purchase none but
those that hnf been tested and tried.
Hon D. A. Mcdaniel was noxt called
uron for "a speech. lie responded. all
though Hnid he. his knowledge nf mines
WAS very limited. lio had Invested
hut very little In stocks but he knew
That thor" WIS money In them "
hourhi ana f0ld ~ tho proper time
Mr. Mcdaniel knew there was money
IN the mincs ~ Utah. They had dem
nngirntci this fact In tho past. and
would continue 10 do so In the future.
a prosperous era had Hot In for those
engaged In mining, ana he cnngratu-
lated ~. new exchange an lbs pluck
and enterprise In orsnnlzlnE 40 II had
donp.
EVERY DAY LADIES DAY.
President Noble announced that eye-
~ day would bee ladies day on tho ok
change, and uftot Or Heard had taken
band played "A Hot Time" cigars
were passed. around and tho new ok.
change was ready for tomorrow bust.
ness the eau 10 commence at $50
o'clock