Los Angeles herald., 1907-09-18
NEW EXCHANGE FUNCTION AT
ALEXANDRIA
ELOQUENT SPEECHES ARE MADE
Ry ToAsTERs
Nevada Cities Send Delegation Hall
Hundred Strong to Grace
Distinguished occa-
sion
It was q great banquet.

|
the Alexandria's appointments.
| The famous hosiery never shone to
better advantage The spacious din
| ing room, flooded with the brilliance
| of q myriad power light, seemed to
appreciate the Importance of the occa-
sion and responded with richness of
glow which was Incompatible.
The gathering was a notable one to
inaugurate the opening of the Los An
geles- Nevada mining stock exchange.
Round the board were seen men who
represent the wealth and brains of the
city and the peighboring state. Some
were learned in law, while others were
arbiters of financial destinies.
| Still others, as was fitting to the oc-
casion, were the men of strong faces
and clear eyes who in their mastery
way have caused -the desert and the
mountain to yield up their precious
metals for the enrichment of the world.
These were the recipients of much at
tention, for it will be upon their efforts
and upon their wise management of
the great properties, involving mill
lions, entrusted to their care that the
new exchange will found its success.
The cities of Nevada sent eighty of
their leading citizens in special train
from Goldfield to express their interest
in the new enterprise which will be
lOrIHdliy opened InlS morning IN the
H. w. Hellman building. Their pres
ence was eloquent testimony on the
strong tie which binds the worlds
greatest gold camps to the metropolis
of the southwest and If it was any
prophecy of the future, Los Angeles
will win golden rewards for the boun
teous hospitality she dispensed last
night
Everything in the decorations suggested
49,
terested in the new enterprise and the
country which their operations we'll cover.
On one side of the banquet hall was the
ticker and the tape overtopped by the
ever present quotation board At the
other side of the room ran the long
table, where the chief guests sat. Down
the middle of this ran a strip of desert,
dotted here and there with the signifi-
cant buildings and tents of the newly
trodden country, places where the inner
man is cared for in more ways than
one, and at either end stood Goldfeld
and the city of the Angels. connected by
telegraph wire from which hung many
brilliant lights and on top of whose min
iature poles perched the owl with the
wise eye and knowing tilt of the head.
After the numerous courses of the
banquet the 800 guests listened with
keen interest to the responses to the
following topics:
Speech Menu
Toastmaster-Orra E. Monnette.
Welcome-Hon. A. c. Harper, mayor of
the city of Los Angeles. 4
Nevada, the Land of Promise"-R. L.
Colburn, broker, Goldheld.
"City of the Angels"-Oscar Lawler,
United States district attorney, Los An
geles
"Goldefeld, the Center of the World
R. P. Dunlap, vice president Montana
Tonopah. Tonopah.
Business Is Business D.
Stephens, president Los Angeles chamber
of commerce.
Our Rivals'-Leonard Merrill.
THE Almighty Dollar'-William T.
Craig.
Banking and Mining Wilson c. Pat
terson, vice president First National
bank Los Angeles.
THE Tenderfoot" C. Fremont Hull,
vice president American National bank,
Los Angeles.
I'VE Are Now Ready for Business
Col. M. ]. Monnette. president Los An
geles-Nevada mining stock exchange.
Col. Monette said:
mot being a banquet speaker, it falls
to my lot in a more practical way to
Los Angeles-Nevada Mining Stock ex-
change is now ready for business.
THE Hastings and pleasures of this oc-
casion have been most fitting introduce
ton to our commercial activities of the
coming days, and it is quite right that in
this case we should have reversed the old
adage of business before pleasure and
should enjoy first the pleasures of mind
and body, and then the keener exercise of
trade and competition.
ut was necessary that we should be-
come acquainted and that such acquaint-
ance should exceed mere formally 1t
was highly essential that we should be-
come friends. Let the voice of eloquence
be banished and the word of practical
consideration take its most worthy place.
Not Partisan
'Tn the first place, it is eminently prop
er for me to say that the new exchange
has been developed, not in the selfish in
terest of any one person or association of
persons-not in the interest of any one
mining district to the exclusion of anoth-
er. The name was happy one, as a syn
onym for success and prosperity only;
but it is not intended to localize or infiu-
ence our business in any way. Every
good proposition, no matter where To-
Gated, within the limit of exchange OBJ
jects, will receive it's just consideration.
We especially invite support and patron
age from every section of the great south
west.
1.-The promoters and organizers of the
new exchange have been wonderfully
! in earnest: 1t has been believed that
the mining and business interests of
Nevada, Arizona and the great south
west could be linked with the COM
mercial interests of Los Angeles
While it is true that too much frenized
finance and uncertain enterprises have
fed upon the unsuspecting of our city
in the past, it was proposed to in
augurate and maintain a sound, con-
servative and clean mining stock bust
ness here in the city, free from those
features which bring legitimate min
ing ventures into disrepute.
Islands for Honesty"
1--WE have builded along these lines
We may not have realized our ideals
vet we desire to assure you that we
are unalterably opposed to all bucket
shop business, wildcat mining, any
and all disreputable mining schemes
and iIlegitimate propositions We
expect the new exchange and its mem
bers to do business on the square ant