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Show western Minin'? gazetteer. tain a Minin; Exchange whose daily transactions and quotations shall he telegraphed East and West and enter as an important factor in But, the monetary operations of the nation. objector, the experiment was says a tried a few years ago and proved a failure. We answer, the experiment was never tried under oni1 issue's four lih'.'isi1 will nri ri'innnlier tint Aiivkistiskiih the circumstances which now make it a neces- lurmtli SrasiiiimoN. mt:ijjc prciiniil: Umti'il . Slntm uml Cnn-- j silv. At II time will'll every HVilillllllc (lolliir if-amimii. I'uyabla in lulvum-eailu, opmtors was cliasin. California slocks will, not a single well ,lovolo,,e,l .nine nor an slock company III Utah, a pretentious Cum m cn ir cross in wK,ir.l t m, oinina .....1 ...illi.. ..1 cll'cctivc di siivil. Bubble calleil a stock hoard Was hloWll into a ores solicited. Dcsrrintions of new nunps brief existence only to he snuffed out like a A MINING EXCHANGE. fart hing eaudle. Now, thousands and tens of thousands are invested by Utah Corporations Ihe amount ol mining stock that quiclh mines of this and adjacent Territories j( s.;f(. or pocket-boochanges l.amls from week to week here in Kaltiam, in llm0!it uvorv Lake Citv. would astonish those not familial are stowed away evidences of large or small In certificates of with the extent of curbstone brokerage. mining stock. Honest, effective of iil much considered spite croaking, mining managers and hopeful investors are interested stocks of companies legitimately at work and in having good stocks listed and wild eat best comwith their the at their doing capital swindles choked to death. mand, recommend themselves to investors. The searching investigation and public lie Utah stocks that are at and small. U.( j i(lll of tl well conducted Mining Exchange iu demand in this market, have would present most bring about this desirable consummaalmost without exception steadily increased in tion and elevate good mining stocks to their value during the last six or eight montlis. psiei- in imljlic fstiiiiution. This is true of both high and low stocks. Takcj Alice stock as a representative of the first and MINING AS AN ART. Summit as a representative of the last. Tin lirst has more than doubled in value during Alexander Del Mar, M. E, of San Francisco. the last eight months, the last has trebled in reccntly contributed an article to a journal in value. Of course the more costly stocks, rep- - that citv under the heading of mining as an resenting developed mines with prospects of art, from which we publish the followin immediate dividends attract the attention of large investors. Capitalists like herds of sheep run together and are just as likely to follow hell wether .m 'the line of Mine 1V(mlilie-- , nor of lorn . h.,i if not popular, profitable investment, as their a tom, a pick, a sledge or a drill. 1; tour legged associates are to follow their lead- - all these tilings and many otheis t.uomcd. is ers over a live rail fence with an open gate a ch, it not fully taught in the mining rod away. Hut wisdom is justified of hei schools, whether of Freiberg, Paris, Madrid or other. The graduation certificates of these children, and facts show that those who obtain any mining schools are. therefore, of little value in stock at and secminglv insignificant determing ihe abilities of a mining engineer. and hold to on the same, in companies Accuracy iu observation and t rut li fill ness of prices that control and work prospectively valuable report are among tlie most important characmines, lay the foundation of most profitable teristics of an engineer, because manvi miningn investment. Mining, more than anv other in- - operations are impossible without cooperation and capital, and these cannot he secured hv dustry, is prolific of sudden surprises in the men who are not accurate and reliable. Yet development of large magazines of wealth, it is evident that these (pialities cannot he acand judicious work on mineral veins is almost quired in school. Second. Minii-- is a secret art. This arises sure of profitable returns. Where the properfrom the tremendous rewards of successful ties and management are both under the eye and within reach ot the stockholders as our mining. There are men in this city who but a few years ago were poor and hard working, Utah mines and companies are, there need ho yet who are now reputed to he worth from hut little risk in investing money to good ad10,000,000 to 10,000,000 each. Mining is not Jin unknown art ; it is simply a see'et one. vantage iu mining stocks. And here comes in the necessity of combined There are plenty of men who can correctly effort and intelligent competition in the sale answer most of the questions suggested in the above extracts hut who will not answer them traffic ot mining stocks. So long as private because it pays much better to keep them se- individuals control the sale and transfer of eret. Hence the answers do not find their way these stocks, so long, ignorance of the actual into hooks, and consequently are not easily acThere condition of the mines represented, combined cessible to the editors of newspapers. with misrepresentation for mercenary ends, are men so familiar with mincralogical indications' in their particular district that a twist may, with reason he apprehended. The sale of in the grain of the country rock' or the pethese stocks together with the sale of ores up- culiar color of a spar seam will cause them to on the market should he open to public com- go on or stop mining, or to change the direcOnly a few days petition through a well organized mining ex- tion of their explorations. change. The published results of such com- ago I examined a mine from which three men in the course of ufew took over a quarter petitive sales both instruct and interest the of a million dollars indays and gold, yet, after coninvesting public and create a demand for these tinuing their work for a few months, they sud- representatives ot value. Salt Lake City will dcnly abandoned it and offered the mine for never occupy her rightful position as one of wile. The attractive history of this mine may the greatest ore markets and mining centres in find a purchaser for it at a very high price, and 1 the world, until her leading business men yet believe it, as the explorers evidently he-- , lieved it to he, valueless. The basis of this break the egg-s- i i ell in which they are ensconced belief is worth to them and to me. or to mv and by mutual Whv should organize and sus- clients, a good deal of moiiev. weak-knee- d ! r h j j y Hpi-riall- j k 7 world for they or I give it to the literary nothing f Third Mining and now I am speaking more especially with reference to mining for the precious metals is more or less everywhere a local art. I5y this 1 mean that experience gained in one locality is ot very The best miners little value in others in Cornwall are Cornishirien ; the best in Spain are Spaniards ; in Mexico, Mexicans ; iu California, Americans; with, of course, miner many exceptions. The newly-arrivein California or Nevada, and their names is legion is an ignorant, superstitious, bigoted obstinate fellow, whose blunders, whether as engineer or workman, have occasioned endless d AmeriI fancy that newly-arrivemishaps. can miners would he almost as much out of their element in Cornwall or Spain. Each country has its own peculiar geology, and this is so vast, so complex, and the knowledge of it so imperfect, that it is diflicult to learn and The mini capitalists ot useless to transplant. 1824-learned to their cost that British steam mechanics and Mexican horse mechanics were two different arts, and American mine capitalists may learn a similar lesson at the present time. d 5 1 t - j pi-4,.,- j stiir-nci-kc- il bed-roc- k j j co-operati- ft. ft THE GENERAL OUTLOOK. From every part of the vast mineralized area, says the New York Enniiny Mail, which s of the Bookies is found between the ami those of the Sierras, down even to the eoast range a stretch of over 1,000 miles east and west, and from Alaska to Sinaloa, in Old Mexico, a line of over P200 miles we have the proofs daily brought before us of the sagacious eagerness with which capital, mainly from the East, is pushing its long arms into every corner of the area named, and aiding in the endeavor to wrest from the rude breast of the secrets of Pacto-the plateau and us And the wealth of California, too long held as a means of gambling in the Comstock, and thereby draining all classes of theiv hardly saved superfluity or even necessity ot horded cash, is now engaged in freely opening up foot-hill- Pa-eil- foot-hill- s ic 1 new Helds of mineral endeavor and enterprise. The investment of capital in mines and mining i not con tilled to New York or Boston, or Philadelphia or Chicago. Every day brings the record of enterprises fostered by all parts of the prosperous North and East. Even the Of course there will South is contributing. he many more failures, as there have already been, hut the fact we have all along insisted upon becomes more and more that N that mining for the precious metals, with all of the development and growth that it inevitably brings, has passed permanently into the rank of one of the greatest of national interests. No stock disasters can for long ellect its credit. Too many other industries and interests recognize their relations to its prosperity. self-evide- nt so-rious- lv Director of the United States Geological Surveys says : It is estimated that the mere raw products of mineral industries in the United States do not fall far short of four hundred millions of dollars annually, and it requires no gift of extraordinary foresight to reach the conclusion that a few years will bring the vicld to a thousand millions. Till-- : EMPIRE MARKET, Corner Commercial and First South Streets SALT LAKE CITY. PAT. LAN NAN, A Proprietor. full supply of Venison, Beef, Pork and Veal. The Best is the Cheapest. |