The Alamogordo news. (Alamogordo, N.M.) 1899-1912, 1900-12-06
Another Splendid Public Enter
prise Springs from Ell PasO's
Wide Awake Chamber
of Commerce.
MAY MEAN MINING STOCK EXCHANGE
Such an Institution Would Prove of Ines
timable Benefit to the Undeveloped
Mining Interests and Would Pro-
tect Foreign Investors,

The FL Paso Chamber of Commerce is
that it is capable of be-
ing useful to the country tributary to
El Paso, as well as of ineStimable bene-
fit to local interests. The latest move
on the part of this wide awake organi-
zation is the proposed formation of an
International mining association, and
rustIers are now in the field securing
membership. The first meeting will be
held in Ell Paso carnival week and the
organization perfected. 1t is expected
that representatives of the reputable
mining companies operating in New
Mexico, Arizona, Texas and Mexico will
be present and that the business men of
FL Paso will swell the membership and
assist generally in promoting the sue
cess of the enterprise.
The natural outgrowth of the assoca-
tion will be mining stock exchange,
and thus will the needs of the undevel-
oped mining resources be fully conserved
The association will doubtless make it a
point to fully advertise the resources of
the various mining districts within the
radius of its operations, and the stock
exchange will give all foreign mining
stock investors the protection they so
sadly need at the present time. In the
hands Of conservative and experienced
mining and business men, the exchange
would flourish amazing and would
bring many thousands of dollars into
this as well as other mining regions.
There are a great many mining enter
priSes of merit now being promoted in
the mountainous sections of New Mex
leo and some of them would develop
into bonanzas If they had the backing
of stock exchange and the consequent
outlet for its stock. The foreign inves-
tor purchases stock with the belief that
1t will advance in worth, and he desires
to know just what he can sell 1t for at
any time. The word of the stock seller,
or the secretary of a mining company,
is not sufficient for the man of sound
business judgment Stock must bear
the stamp Of legitimacy issued by the
mining exchange and represented by
daily quotations.
El Paso desires to emulate Colorado
Springs and Denver, and 1t can attain a
| prominence In mining circles similar tC
those cities only through mining ex'
change. With the exception of "grut
stalking" the real mining of Colorado II
done through the stock exchanges o.
the cities, where Eastern and foreign
gold Is exchanged for certificates o.
stock which later bring to the holders
monthly dividend checks. The amoun
of business transacted between the eX
changes and mines is incompatible
The exchanges furnish the sinews fo
development and keep the dinner pail
full until the ore bodies are opened ant
smelter checks received, after whicl
the ore shipments are the regulators o
stock value. Through the exchang
foreign holders of stock are enabled +
keep constantly advised Of the rea
worth of their investment.
With clean, business-like exchang
in operation, there is no reason why /
Paso should not become the consumin
nav of the wealth of the Southwest
With It's banks as repositories for tn
gold and silver extracted from the hill
or the currency received from the sal
of lead, copper, zine and iron, that cit
naturally becomes the business an
home center for mining operators an
investors who desire to keep In clos
touch with their investments. Many I
the business men OF that city will spec'
late In stocks, and some. will recelN
rich remuneration for their courag
Money so gained IL conducive to loc
pride and liberallty. Many Of Denver
most beautiful buildings are mon
ments to the public splritedness of mi
= ing men who struck It rich In the mou
}, tains OF Leadville and Cripple Creek.
n is not necessary to seek Eastern caplt
y for building up town when the loc
= resources will enrich home individual