Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1903-01-03
TONOPAn RED LETTER DAY
Formal oremine Of the stock
Txehanae--it@ Aim and ohleets.

Exchange un "Wednesday evening,
December 3lsi, was q red letter marx
IN the history oi Tonopah. The build
ing has been erected on lower East
Main street at great cost, and the
Interior IT the exchange presents an
elegant appearance. The walls are
frcscoed In beautiful designs and the
pit is splendidly appointed In hard
wood finish. IL Is the finest change
room on the Rocky mountain plateau
and speaks an elegant tribute to the
confidence sustained IN the Tonopah
mlnes.
The opening ceremonies were in
formal President Henry c. Cutting
explained that il was not an occasion
for the display OF oratory and gave
plain business talk on the objects In
the establishment of the stock ex.
change. He said that its first pur.
pose was TO be - bureau OF informa-
tion tc :ae outside world concerning
the mines of Tonopah and TO be "a
market place for the stocks OF the
legitimate mining projects here.
Hitherto there has been no center for
business; a man who wanted to buy
or sell stock had to depend upon "a
chance in finding some one to do busi-
ness with, and stocks were worth just
what one could get for them and had
no uniform value. The Tonopah Stock
Exchange will publish weekly quota
tions in the San Francisco Bulletin,
in the Salt Lake papers and in all
the Nevada papers, so that capital
wishing to invest in these mines may
have the needed information. No
wildcat stock will be placed on the
Board and any one from the outside
wishing information concerning any
thing known TO be a wildcat will
receive the simple line, I'VE know
President Cutting defined a wild
cat as scheme that pretends to have
what it has not, and sells so-called
treasury stock without putting the
money into development work.
Mr.. Cutting called TO mind the
honorable night one year back when
40 leasers were straining every
lerve taking out ore during the last
ours of the leases under Mt. Oddie,
Ehich expired at midnight on the
ast day of 1901; then the depressing
eaclion which followed when the
Iu'ce was but fifteen or twenty men
and the town was 10 iii Of temper
ay blues; then the shadow Of sick
ness and the pail Of death that fell
upon the camp from the scourge OF
pneumonia.
Now the promise in Tonopah is that
for one OF the greatest mining camps
in the history of the world and the
controllers Of the Stock Exchange
declare that business in the change
will be done absolutely on the square,
in accordance with the example set
by Jim Butler with the leasers when
81, 900. 900 was taken out without the
scratch Of pen and not one instance
of dissa atsfaction between owner and
lessee occurred, At the conclusion
Of President Cuttings remarrs. Sam
tS,Durtam read his poem, "A Pro
moter, written for the occasion.
Officers of the Tonopah Stock Ex-
change for the present term are
Henry c, Cutting, president; 7. ].
Lynch, first vice president Thomas
Kendall, Second vice president; Jos.
Josephs, third vice president s d.
Forman, treasurer Kenneth Don
nellau, secretary:
The roll of membership comprises
the following well-known citizens ::
Clyde Jackson, mining superinten.
dent j. l.. Butler, mine owner j.
r. Dutheld, mining broker J. S.
Cook, cashier Nye County Bank A,
n. Barlow, clerk Clay Peters, mine
owner Geo. Money, prominent busi.
ness man; b. NJ Pearlman, liquor
merchant f. f. Butler, real estate;
w. j. Sinclair, mine owner w. J.
Harris, cashier State Bank and Trust
Co; John Salsberry, mine owner
A. j. Croker, mining man Mike
Sheridan, mine superintendent Joe
Stenson, merchant; Chas. j. Blu.
menthal, merchant and mine owner
NJ. Sullivan, mining man; j. II. Jen.
kins, mine broker; Geo Wingtield,
mine owner; Thomas Warburton,
county recorder; Emil Marks, mer-
chant H. Kind, capitalist Sum.
iners y Mcnamara, cattlemen ]. G.
Ford, liveryman A. NJ. Keene, doc
tor; W. {. Watson, civil engineer !;
f.. +, Vogels, mine owner: r. L.
Johns, lawyer W. J. Douglass, mine
manager; l.. r. Sunderland, metal
Iurgist Kane Il Froelich Co.. bro
kers; J. N. Healy, manager Salt
Lake company Arthur r. White.
mining operator, Philadelphia "A.
Bass, mine owner and superinten.
Il. 1