Show WIT AND WISDOM 1 AT THE TH BANQUET Mining Brokers Mingle Jests j t With Serious Discussions 1 FEAST TO BE AN ANiUAL ONE ONEt t T CT IS DIl TO HOLD EOLD A BE ItE UNION 4 t Quips and lid IbM Ibes wit and lid wisdom fl sad and i 0 were stirred to yem Ly aft anon to mate makk mahu u the nIt annual banquet of the Salt Lake Lak Stock Mining exchange at att th t hotel a success Kerr Merri tent mt there was wu in plenty but aside aide tN f r sa this th there ra was wag a n discue d eulI sloe riM of the tIe best beat Nt ways of promoting the toe theof sped 90 4 of the brokers broken and aM of advancing Th intern of mining in the state and of being of benefit to the general pub public lic The attendance was large Every Everybody Everybody body bed was WILlI long ong on Oft good fellowship and Ii net OK OR everything tending to make Harris was and a right good toast 11 he was tuh suh as usual u ulli Alter After the various arloue courses had found their ray rag to o the filling the long felt want of ef the inner man Toastmaster I introduced the first speaker W WH H 8 who dI The Stock In vs VB the Mine On Owner ner U Professor als spoke of ol the methods by which hl h were usually financed sad and de First the company is moor and a certain amount set aside ulde for tor acquiring the property and per perhaps haps bap fer fir promotion Then Theft the treas treasury treasury ury uey stock s k is sold to give money for the development of the property In the sale Hole of ot the treasury stock Hoek and aDd in the of a market for tor all alt the stock in the Ie giving it a public value he said the broker came in as asan sn an important factor in the development of ot the U e mining Industry It t should not be The Mire Mine Owner vs fiB the tha Stock Broker he declared but the mine owner and the stock stockbroker broker They should work together for lor forthe fortine Ute tine development of ot the mining II indus Indu industry try and if they do this they will make the tM greatest mining state of the union P OMeara spoke on The In Inverter verter The investor he be declared 18 Is the Santa Senta Claus Glaus who makes it Christmas for the miner owner every da in 1 the year He is the Carnegie who wM lies Ite 11 awake nights to devise revl means for distributing his fortune among the peer per but hut worthy brokers Should Be Philosophical I Becoming serious Mr OMeara said l that the tit investor should learn to take rake his hie profits and losses ones philosophically aUy and asi not blame the brokers for fok the fluctuations lIu of the market against t his judgment ten Ban Luce talked on Washing He Hede denounced de the practice of washing sales satee as U net DOt conducive to the tile beet t in la interests of ef the tile exchange and urged that for fM all time in the future washing wa I be washed oft off the exchange Herman Bomberger discussed Bulls Texas Peens Te butts buns bulls Hereford Here Hereford Hereford ford bulls Dulls and stock bulls He had a ageo geo good word to say SIl for each Charles E Hudson Hud on began his fils discus else 81 ef of Bears rs by bv disclaiming that he hewa wa wu was talking ta as u a quadruped of that kind but Jie as said Id there was a 8 place for forbears forbears bears The bear b ar he said is I the man mn who has the courage courage to tell teU the wipe mine Il Iler owner er that he is asking too much for tote his property who has hu the nerve nere nerete t to te t inform the promoter that his price for tor his stock is I too high vho who works to scatter the bulls buns when stocks are lUe being Inflated above their real value and whose absence is often otten re responsible for allowing stocks steen to get too toe high dp Judge r C C Goodwin responded to the toast tout The Th MIner altner Before he be began glut gan Ben Bell Luce ose l three cheers for t him and they hey were given n heartily The judge ju paid a 8 high tribute to the miner mer end and told of the discouragements dl I with which he meets and the th obstacles with which he has hae to contend He spoke of the the various ways by which the smelter smelter smelter ter trust takes out the value of the theore theore theore ore First PInt the miner meets with a de demurrage demurrage Murr then with a penalty for silica when he sees the smelter smelter smelter ter unloading at the works barren ores ora needed as a flux Then there is the charge for tor moisture when perhaps he the ore has baa come from a desert w err ere water is at a premium then theR the charge for foe DI sulphur and aud for antimony until anUI he thanks God there is s only per cent cen Jn In n the ore Advocates tes a State Bounty The speaker urged that the exchange fX work rk to te get the state tte to over offer a bounty for far new methods of cheapening the cost of reduction of ores oresTIle The TIle mining exchange is 1 a great lever ever for the progress of the state be lie declared He said it took in many ways way the place of a chamber of oC com commerce comb merce at ere ree Kill the worst of ot the bulls bulla JIe be continued muzzle the wont worst of the bears ber and give the boys oya and alMi girls girte on the outside a 8 chance ehan Judge Goodwin G called attention to the tremendous importance Im Ortance of the mining industry to the state and urged that all should do what they could to help the miners Ralph Guthrie made an earnest plea for ter futures saying that without them business had diminished h hW W H R Clark Chirk responded to the toast tout The Salt Lake Mining Stock Ex Exchange Exchange change He went back b to the time when on Oft Dec 12 U IS the exchange was wall or organized told of ot the struggles It had for tor some time when for days da J sot not a share of oC stock took would change hands bends la In 17 1111 7 however shares of stock were sold for in 1898 tilt sales ales were shares for 1 W If I 9 I in ISIS U they were shares fl in la 1900 1 the figure reached it 4 shares share for while in ini i 1 i l the tIte sale Gale for tor only eleven months were ever or fl shares skare bringing up upward ward ard of SU OIO la Ia Jl live five years the business has been over s Is Predicted Mr Clark predicted a great eat increase in busing business for next year He said that the progress of the science of ot elect elec electricity electricity t is causing a greater demand for copper that the consumption of lead leadis n is i J increasing that the opening up UI of the Oriental trade is te Improving the thel prospects l of ot silver aUver Mad and 11 that everything looks bright b ht Tod Goodwin read a z poem oem written vy oJ y himself It was waa decided ed to make the 1 in m ann anno alfair A vote of at thanks was tendered Judge Jud Goodwin for his nis presence se ct aD and 4 hs his dee iI and nd a tele ele tr m of et p isea ties tea n H Peery who U fa i ill III in ltd east Ut An ad adjournment adjournment j ur meat WIltS wen w then the to the last Saturday it h the next nest year |