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Show - .. THE MINING EXCHANGE. Park City Kecord. At last, wc are pleased to note; -mining men have wakened to the necessities necessi-ties of thu occasion anil formed a mining exchange or mining bureau. It is just as well that this organization should be located at Salt Lake City and that the capital city should be tho chief seat of operations, because Salt Lake is a natural money center and capitalists capi-talists socking Investments will make It their place of lauding and as a matter of course nil, or nearly all, explorations ex-plorations and operations will bo made or directed from the money center. However, wo still have hopes that Park City will bo of sufficient importance import-ance in tho mining world at no distant day to warrant the maintaining of a local exchange by our own mining men one which while independent of any other concern will not be antagonistic antago-nistic to kindred organizations. We bolicvo that Park City will receive moro benefits from tho Salt Lake mining min-ing exchange than any other district in tho territory, because no place offers such unrivaled inducements to those capitalists who desire to make safe and profitable investments in mining operations and help to develop de-velop our rich and lasting mineral resources. re-sources. The Salt Lake exchange is well officered, and composed as it is largely of men who have extensive and proiilablo interests in our midst, it would bo very strange indeed if the exchange does not serve this section of country many a good turn. But like any business transaction it requires two to make a bargain, ami just how much good will be realized hero will depend very much on the liberality and wisdoin'of our mine owners, but we have little to fear on this score, for true merit is generally triumphant. The aims ami olijects of tho mining exchange arc. briefly stated, in effect to promote Utah's milling Interests by bringing the investor ami luinp owner nearer together; tosucure working capital cap-ital for mining properties, possessing merit, owned by poor men; to prevent wildcat schemes or suited mines from Belting recognition lo the exclusion of ic deserving properties, and to do sneh other tilings as arc best calculated to promote tho development of mines and to encourage, the legitimate manipulation manip-ulation of mining stocks. As wc stated before, it will depend largely ou the mine ow ners of Park City how much this organization will benefit them. If the mine owners desire tho id of capital for development and working purposes they will frequently havo to seek the co-operation of tho exchange. ex-change. Backed by tho intlueneo and endorsement of the exchange investors will thus be steered aright more readily than if this organization did not exist. Tho operations of the exchange will also, wc anticipate, lend to create a desired activity in and inquiry for the now almost dormant mining stocks. It is also the purpose of tho excliaugo to till the requirements of a bureau of information and thereby investors will hu put in possession of reliablo facts which arc always desired before negotiations nego-tiations are consummated. In this regard re-gard tho efforts of the exchango will be. duly seconded and aided by tho Record anil tit the same time this paper, us it has always been, will be the staunch friend of the poor yet deserving mine owners and the champion of their rights and deserts. - |