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Show NOW i OR HUNINKSS. The action of the meeting held hist evening in adopting a constitution for tho government of u stock exchange, 1 insures for Salt Lako a prominence in mining affairs calculated to bring vast benefits to our people Tho principal features of tho constitution arc given elsewhere in this issuo of The Timks, and it will bo seen that it 'is proposed to conduct tho: transactions of tho exchange ex-change on a basis strictly adhering to business principles as understood by gentlemen, What the stock exchange, has been to New York, this bcnird will be to Salt Lako. Mining interests throughout tho territory will gladly look to tho Salt Lako exchange as a guiding post for their advancement and welfare, and Park City in particular, through the. relationship it will maintain with tho exchange, will become moro closely allied to Salt Lako than ever before. Tho stock exchange, together -with Mr. Young's new railway, will unite tho two cities iu bauds which cannot bo broken. Thero is no estimating the vast ad- vantages which will result to tho entiro territory from the establishment of a mining and stoek exchange in this city. Utah is prolific iu her deposits of mineral min-eral wealth, aud theso only lack devel-optuout devel-optuout to place the territory iu tho front rauk of tho precious ore-producing regions of tho country. That the stock exchango will materially aid in a rapid advancement of mining Industry, and that it will bo able lo regulate values val-ues of mining property in proportion to their intrinsic merits, cannot bo doubted; and when tho orgauiasa-I orgauiasa-I lion of the exchanges has been completed and busiuess beguiij, it will be found that the gentlemen who have taken the enterprise enter-prise in hand have struck the key note to Salt Lake's prosperity and 'future wealth. The Timks congratulates the people of Salt Lake upon the establishment of two such eminoutly potent, factors to substantial greatness for the city as theso two exchanges; and Tuk Timks congratulates itself that its suggestions in this direction have been met with such prompt response by the solid business busi-ness men of tho city, ' Xow for business. |
