Bisbee daily review., 1903-06-02
HoueHToN WANTS MINING FIX
 CHANGE.

ExCndUSC "uiSn sNlli hNPsSS<h
 Arizona Mines.
 A Mining Stock Exchange for the handling of the stocks of mines that the Michigan people are interested in is likely to be established at Hough- ton, Michigan. Especially will the Arizona stocks come in for a goodly share of the patronage and no doubt will be actual factors on the board. The Daily Mining Gazette publishes the following in regard to its estab- lishment:
 The conditions were never more ripe for any coup than is the copper country for a stock exchange today" said one of the most prominent busi- ness men and financiers in Houghton yesterday. This community has ly- ing right within it's grasp the key % the Arizona copper field. Unless the is guarded and nurtured, it is quite reasonable that it will be taken away. The people of the sec. tion have a full appreciation of the richness of the field but they are de- cidedly lacking in an appreciation of the possibility that some coterie of shrewd financial men from the out side may step in at any time and take away from them tn econtrol of the sit uation that belongs here by right Of conquest and purchase"
 The man who thus talked to to the Mining Gazette is not mining man, but he has been heavy buyer of mining stocks for some years and his business is of a nature to bring him in contact with all mining men and moneyed men, both local and eastern. His talk was not idle guesswork, but was the result of careful inquiry into the situation.
 Tt is not idle to say that many f. nancial men of the east today are watching the situation here with the deepest concern. While they pretend to scoff at the. Arizona fever as they call it. and say it will leave the copper country poor. at the same time they are only waiting for the copper coun- try to spend it's good money in prov ing up the various districts in which it is interested, and once their values are established, to step in with a big purse and transfer the control to the eastern stock exchanges. And it would not be hard thing for them to do. unless the copper county en- trenches itself strongly.
 The combined interests of Bough- ton, Hancock and Calumet can be the father of Arizona mines in the same sense and with just as much mas tery as Boston. is today the father of Michigan mines It is simply the trick of assenting and maintaining it's rights, by centralization of interests, that the Boston stock exchange today is in control of the Michigan copper situation. This section is entitled to the same rights in Arizona camps. But if it doesn't look out there will be a Kidnapping some of these rays and the controlling interests of the 'Bisbees' and other 'Arizonas, will gc to live with their grandpa in Boston.
 Beyond the actual financial control which g. stock exchange would give 10 the copper country, it would mean a great deal in the way of prestige. This community is known today throughout the financial world as one of great wealth. Would it not be it. ting to the conditions that the east ern and the outsiders generally should display the same eagerness to ascer- tain the Copper Country board quo tations' that is now displayed here to read the eastern boards? It would give this section a dignity beftting it's wealth and influence.
 Another and extremely important feature of board of trade and stock exchange here would be the protection of home interests against wild cats It is customary for the coper country, when it goes into an enterprise heav- fly. to have it's own mining engineers visit the property and make reports. The public should have the benefit of these reports, at least refectively. A properly authorized board on the stock exchange could pass on reports Of the mining engineers who had inspected certain properties and decided whether or not the proprietors were entitled 10 listing. The same is true of thu finan- ciaI conduct of the companies. All the essentials of a company could be in vestigated, and if met with approval it could be listed. Its appearance on the credited list of the exchange would be a guarantee of the honesty of the enterprise Conditions were never in better shape to organize public stock exchange than they are today. If the opportunity is not grasped it may disappear before it's passing is realized. I am not alone in desire to the organization, but practically every one with whom I have talked on the subject is equally ardent.
 RETURNS FROM HUAcHUcA.
 Henry Hamburg has just returned from a weeks trip 10 the Princeton mine in the Huachua mountains, of