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Show INTER-MOUNTAI- 3nterfl&onntain flDinino IReview. MINING REVIEW. N as far as possible, absolutely correct and truthful reports. It is not controlled by any stock broker, mine speculator or wild-csyndicate, and will win success through a policy of honesty and independence, and upon its merits, or not at all. The subscription price is placed at the low figure of $2, in the belief that it is better to have a low rate and a large subscription list than a high rate and a small list. For the liberal advertising patronage bestowed at the outset, the Review takes occasion to thank the enterprising firms who have been quick to recognize the value of a mining journal as an advertising medium, and commends them to the public. It also desires to express its appreciation for the many words of encouragement that have been given by representative mining men In Utah and Idaho. Th crudities of a first issue are doubtless apparent in this number, but with each succeeding week the machinery will be running more smoothly. at Devoted to the Mining and Smelting Interests of the Inter-Mounta- West in PUBLISHED WEEKLY BY C. T. HARTE. lloom 223 Atlas Block. tebms: One Year (Payable in Advance.) Six Months Three Months To England, Mexico and Canada, postage prepaid. 83 per year, Entered at the Salt Lake City Postoffice as matter. s second-clas- Salt Lake City, January THE 7, 1896 A1ININQ INTER-MOUNTA- IN REVIEW. The Mining: Review extend? greeting: to the mining: industry. To the lusty young commonwealths bf the far West and to the thousands engaged in the production of the precious metals and in the development of the mineral resources, it offers congratulations upon the magnificent It goes without saying that the promises of prosperity now apparent. Mining Review is here to region, stay. Throughout the vast and but half exa treasure-vau- lt And may the year shower blessings plored, such tremendous revival and and prosperity upon the treasure-seeker- s of the Great West. growth of mining operations have been brought to pass that no man can measure the possibilities of the near SALT LAKES MINING EXCHANGE. future. There is no boom in the sense of a 49 stampede; none of the wild exLast Saturday closed the first week citement of pioneer days, but men have of Salt Lake Citys new Mining Stock at last gone about mining as they go Exchange. It is an Institution which about banking and merchandising. every good citizen should take pride in sustaining, whatever differences of Capitalists have discovered that, with opinion may exist as to the manner of the application of business principles, organization. It is one of which any no investments are safer, and none community might feel proud, for the yield such large returns as mining in- first nineteen mines listed have behind vestments. Economical processes of them records equaled by the same number of properties on few exchanges ore treatment, lower transportation in the United States. Twelve of these charges, more intelligent exploration of companies have paid dividends aggreore bodies and the discovery by East- gating nearly thirty millions, and a ern capitalists of an investment field majority of them are in splendid shape more inviting than bankrupt railroad today, physically and financially. If strong, safe, solid properties were all securities and constantly-depreciatin- g that a stock exchange needed, Salt real estate, are causes contributing to Lakes Exchange meets every requirethe present prosperity of the mines. ment for success. Its membership also These fortunate conditions will un- embraces the heaviest mining operators and many of the leading business men doubtedly continue. of the city. The growth of the mining Salt Lakes Exchange is all right; it industry has created a demand for a mining was organized ':r a worthy purpose Journal, and to meet this demand the the encouragement of investments in Review is published. It hopes to pre- Utah mining properties, and it should he encouraged In its efforts to accomsent such news and information as will plish that purpose. Under its auspices s, commend it to miners and no investor will be jobbed, and no investors, and believes it will be able unworthy project will receive encouto contribute, in a measure, to the ragement. prosAs to the desirability of a mining perity of Utah, Idaho and Eastern Ne- stock exchange, there can be no room vada. for argument, nor is It necessary to The Review will not be a boom enumerate the benefits that may result journal in any sense. It will endeavor from such an institution. Past conditions have been of a nature to disto obtain, from its own correspondents courage, rather than induce and stimu Inter-Mounta- in 4 Inter-Mounta- in inter-mounta- in t. mine-owner- 3 late investment and speculation, and better facilities for trading and for ascertaining actual values were imperatively needed. Certain influences have operated against the Exchange, and the Review trusts it will not be accused of prejudice or hostility if it points out and suggests the speedy removal of some of these adverse conditions. It must be admitted that a large share of the orders still go to the street, and will so continue. The Exchange was builded and upon lines, and in the effort to exclude those whose membership would cast discredit upon the project, some worthy firms of long experience and honorable record were led to believe that their cooperation was not desired. This is the more regretable, in that they have the confidence and patronage of a large clientage, and have In the past handled a large share of the business, and will doubtless continue to do so, whether In or out of the Exchange. So long as they hold themselves or are held aloof, the Exchange will not meet with such ultra-conservati- ve over-cautio- us a degree of success as would be as- sured with a united community, behind it. The Review trusts that conditions will be so changed that every honorable broker of the city will be found upon the floor of the Exchange, each loaded with orders and ready to do business. The Review has no ax to grind, no friends to serve, no enemies to punish. But it Is always best to be honest and face conditions as they exist, and such criticisms as it takes occasion to offer are based upon the sole desire to serve the common weal. Salt Lakes Exchange will flourish, but let dissensions be burled. One hundred millions more are about to be dropped into the Treasury partments bottomless pit In de- the effort to supply the world with gold. This "ill make a total bonded indebtedness of $262,000,000 properly chargeable to Wall street financiering about $3.75 for every man, women and child in the United States and the country Is in no better shape than before. And this sort of thing will continue just so long as the people are content to worship the golden calf, and until they Insist upon some such measure of legislation as that proposed by Delegate Frank Cannon, providing for the redemption of treasury notes in silver. Something over a year ago Prof. Emmons, the eminent United States geolo-eis- t, made an examination of the Camp Floyd gold belt, and left an able assistant in the field to pursue the investigation for six weeks longer. Great surprise is expressed in Utah that the results of this examination and the conclusions of such competent authorities have never been given to the public. It is a matter of deep and particular concern to those having property interests In the district, and the verdict of Prof. Emmons is awaited with the keenest anticipation. His report upon the Leadville ore bodies, subsequently demonstrated to be absolutely correct, gave him a prestige enjoyed by few authorities, and his long silence on the Camp Floyd long-delay- ed |
