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Show hands and showed their heads to Mr..Meears. Butte City is rieased. Butte City Is immensely tickled over the news that operations on the great Anaconda mine are to be resumed. W. R. W ilson, a prominent mining man of that camp, came down from there last night. He said the new s was worth a half a million dollars to Butte, as it assured the revival of the pros- perous timi-s which that camp enjoyed a i vear aro. The wages disbursed among the employes of the company -would alone amount to $100,000 a month; but that would not be the only good the mine would do; it would give Montana prominence again and would encourage the investment of large capital in other mines throughout the state. The prosperity of Montana did not depend solelv on the Anaconda mine, but it was largely affected bv the great record it had made, and when it closed dow n it gave a setr back to the mining industry .. The example that such a property set was everything; and now that it w as going to resumo it would give a wonderful impetus to business of every kind. Eagle District Operations. There is a possibility that considerable ore will be shipped this winter from Eagle district, dis-trict, in the Deep Creek country, in spite of the heavy transportation expenses that will have to be overcome. There has been a great deal of prospecting done there this summer I which has met with favorable results. The veins of the district are small, but nearly all of them are high grade. Messrs. Young & i Tippett have hud ten men at work there" all summer. The most of these have been engaged en-gaged in doing assessment work, no attention atten-tion being paid to opening up the mines for future production. In doing these assessments assess-ments several new ore bodies have been found from which small shipments might be .. MINING EXCHANGE MEETING. The Committee Appointed Three' Weeks ago, Reports a Forlorn Condition of Affairs At a large and enthusiastic meeting of the mining exchange held on the first of this month, it was resolved that the institution should not perish, but that on the contrary it should live and flourish like a well irrigated irriga-ted field of alfalfa. ' 1 A committee was appointed at that meeting meet-ing to canvas the situation, drum up the delinquent de-linquent members and mining companies and report their success to the exchange at . a meeting to be held on last night. The j made if it were deemed advisable; but when it costs from JS5 to $100 a ton to get the product to market and have it treated, it is calculated to make a man hesitate, even if it does run 200 ounces and upward per ton. However, as a railroad is not at all certain yet, it is possible some shipments' will be made. Ieep Mining in Tintic. One of Tintic's mining superintendents, observed to a Times reporter last night that deep mining in that camp had been uniformly successful it had demonstrated that the size and extent of the ore bodies had invariably improved. The Keystone which had produced nothing of consequence until a depth of 400 feet had been attained, was now at 700 feet a great property having large bodies of high grade ore. The Bullion Beck is getting to be a wonder; its present production of nearly 3000 tons a ' month could easily be increased, because an improvement was made in the property in every direction in which development is being prosecuted. Prospecting to tile north had been rewarded by the finding of immense im-mense bonanzas. The mine has not been one-tenth one-tenth part explored yet, but it has reserves enough in sight to continue' its present production pro-duction for years to come. committee did its duty, it perhaps in its zeal J for the continued life of the exchange, did more than either of the members would have doneto promote their own private business. A written report was made and also a ver-ble ver-ble one which showed that it was hopeless to try and revive the interest that was once taken in Salt Lake in stock transactions in j Utah mines. The leading mininsr men of the territory were cither wholly indifferent i or positively antogonistic to it. Thoy had! never given it a very warm support and ever since it became prostrated tb'ey had strove J in every way to hasten its demise. One member of the committee, said "that in trying to inlist support for the exchange, that he had been subjected to insult and had been told that money would be more freely contributed to kill It than it would be to prolong its life. It was a detriment to their personal interests and they would not have it. When such a sentiment existed ex-isted among the men who should be its most ardenrsr.pporters, the only thing that remained to be done was to bury the corpse with out the ceremony of a w ake, pay the fnncral expenses and look pleasant." By a stretch of courtesy, however, it was resolved that the exchange should not die, it 6hould only suspend its calls indefinitely, which means that the organization is stUl preserved and that it can be revived as soon as circumstances justify it. The report submitted by the committee through its chairman, Geo. A. Meears, was as follows: Salt Lake Citt, Utah, Oct. 21, 1891. To the Chairman of Adjourned Meeting of Stockholders of the Salt Lake Stock Exchange : As your committee, the undersigned have worked assiduously in the liie of our designated duty, and have made everv effort to arrange for the collection col-lection of delinquent listing fees and dues for personal membership. Having a strong desire for the continuance of the exchange, we have earnestly invent isated all the causes leading to the ceneral indifference regarding re-garding its welfare, in the hope that a remedy misht be at once applied and the institution made more useful, if not in its present form, at least in some slightly modified condition. We have investigated all the points hearing up-cn up-cn expense, as well as the method of doinc tha business in the several departments of the exchange, ex-change, for the purpose of ascertaining the basis of much indiscriminate criticism offered in those directions. We have listened to all of the individval opinions opin-ions of the several members with whom we have conversed, and incidenatlly have gathered somewhat some-what of public opinion regarding the exchange and jfs operators. As the result of our careful investigation in all places, and our contact with the elements necessary neces-sary to the successful continuance of the exchange we are relnnclantly impelled to recommend to the board of directors the immediate suspension of calls, and the cessation of all expenses of the corporation. cor-poration. We further recommend that the institution maintain its organization pending more favorable circumstances, and that an auditing committee be appointed frhm the non-official members of the organization, with instructions to report at an early date. As your committee, we dosire to stat that we have no criticisms to offer upon any of the doinss of the officers or employees of the exchange, as we feel convinced that there is really nothinz to be complained of other than the lack "of proper appreciation ap-preciation of the importance of the maintenance of this, or ?ome similar organization as an advocate advo-cate and supporter of the mining interests of this great mining territory. Mr. AV. V. Chisholm who had been made chairman of the meeting akcd, "What should be done with the report"" "Kadi of the ten or twelve men present looked at the other: to adopt that report meant the aiugiug of the exchange's funeral hymn: after some hesitation some one had the temerity to move its adoption: several large sighs were heaved and the motion was carried. The net question was how the funeral cxyieuscs were to be paid. The books showed an indcbtediiess of .l',)C.5t. Secretary Horn made his report of assets and liabilities.- The liabilities were as stated, lrr-'.oi; the assets were the office and exchange ex-change furniture, several pieces of chalk, a blackboard eraser and about shKlO in unpaid membership aud listing fees, that were not worth more than a cent on the hundred dollars. dol-lars. The report of the secretary also showed that of the t wenly-two mines listed, ouly six wcru wholly free from indebtedness. indebted-ness. Sonic of thoc had never raid a penny, others were only in arrears for a few months' dues. Of the 100 members of the exchange one-half of them owed assessments assess-ments to a greater or icss amount. Muuy of these members had joined the exchange as a matter of speculation in the hope of selling their scats at an advance. These were very much in mourning. After many very grandiloquent but irrelevant irrele-vant speeches on "the great ul the mining exchange had done for the mining industry and the magnificent mineral resources of this fe-lorivui territory all of which, as Kate Field would say, "was very hcautiful, but lacking in substance the scutiment of the meeting was crystalizcd in the appended resolution res-olution by George A. Meears: Tiesolcetl, That the report of the dpecinl committee com-mittee and ;the manner of carrying out the suggestions sug-gestions therein made, be referred to the board of directors for their immediate action and that all further proceedings of the exchange be indefinitely indefin-itely postponed. After the adoption of this resolution a motion mo-tion was made to adjourn, but before the motion mo-tion could be put Mr. Meears was again given the floor to pay his respects and those of the exchange to the Salt Lake press. He acknowledged indebtedness for uniform and continued courtesies; for all of which the members of the press present kissed their |