Los Angeles herald., 1907-07-21
STOCK TO BE
LISTED HERE
PRACTICAL MEN TAKE STEPS TO
ESTABLISH EXCHANGE
WILL MAKE LOS ANGELES THE
MINING CENTER
Logical Point of Supply Now Lacks
Only Suitable SmeIters and
They Must Necessarily
Be Supplied

In furtherance of plan to organize in Los
Angeles a mining stock exchange which shall
list all reputable mining stocks now listel
upon the San Francisco exchange an i'm
pcrttant meeting of mine operators and capi-
thlists held at the Alexandria hotel yes
terday afternoon
AS a result the project assumed tangible
fern, and there is now no doubt that an ex-
change will be formed and that 1t Will have
strong backing.
NJ. j. Monnette who made a fortune out of
the famous Hayes Monnette lease on Mohawk
ground at Godfeld, and who is now heavily
interested in other districts in Nevada, was
made temporary chairman of the meeting, ana
T.. V. Ellis of Goldfied was appointed secre-
tery Mr. Monnette is now resident of Los
Angeles and has recently been made a director
in the American National bank.
Solid Men on Committee
The meeting was attended by forty men
who are interested in mining. After some dis
oussion a. committee of fifteen was appointed
to make preliminary arrangements for the or
ganization of the exchange. Following the al
journment of the main meeting this committee
net and discussed the matter briefly A sec
oild meeting will be held Wednesday afternoon
at the Alexandria and Thursday night sec
ond general meeting will be held to hear the
committees report.
Men named on the committee are +. w.
Ross, Los Angeles, chairman; f. l. Heron oL
the Heron Realty company, Los Angeles; j.
l.. Boyle, Los Angeles, mining operator with
interests both in Nevada and Arizona; Ernest
les and Goldheld; r. L. Cheney, Goldfeld; d.
E. Burris, Los Angeles William Cline, Gold
feld Robert Burke, Los Angeles; II. G. Par
rott Goldheld Frank K. Rule, Los Angeles
George Winghed Goldfeld; Fielding j. Still
sen, Los Angeles NJ. j. Monnette, Los Ange-
les; W. D. Nichols Goldheld; 'Diamondfeld
Jsck' Davis, Goldfed
This Will Be Mining Center
Men who attended the meeting were enthusi-
astic over the outlook. They say that the or
genfzation of an exchange which shall list eX-
clusively mining stocks and which Will have
the backing promised it, will do much to at
tract mining men here and that 1t viii, IN
short make Los Angeles the mining center OF
the west a position heretofore held by san
III 1ancisco.
This was the idea expressed by ID. j. Double
day a mining stock broker who recently re-
moved here from the city of graft, and VINO
was not at all reluctant in saying that Los
Angeles is destined to take from San Fran
cisco the trade of the mining districts, not
only of Nevada and Southern California, put OF
Arizona and northern Mexico.
Geographically this city is the CENTER and
with the organization of the new exchange
San Francisco will have the advantage In only
one respect The northern city has a smelter,
which Los Angeles has not but 1t Is SAID that
this will come in time 49,
Operators in the Tonopah and Manhattan
districts as well as in Goldfeld are much IN
ttrested in the projected exchange and there
/. every Indication that 1t will start off with
a good membership list and under the most
favorable uspices. -