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Show , MINING AND FINANCIAL Samuol Nowhousc lias changed his placo or residence permanently from Salt Lako to New York, the papors say. Residence, with air. Nowhousc, Is a rorm or speech rather than a matter of geography. Ho will not live In New York, or London, or Paris. Those places are too small for a man or his restless and Imaginative tqm-porament. tqm-porament. They don't make cities now-a now-a days 'dig enough Tor men like New-house. New-house. When Rome was the capital or tho world It might have served, as his domicile. Carthage, however, prohably would havo suited him hotter. Ills taste runs to commerce com-merce hororo conquest; to construction Instead or destruction. New York! Not on your lire! New York might do Tor his rront door IT ho could havo Europe Tor his Tront yard and Utah Tor his pergola. Even then he would ho running away rrom home quite oHon to (Asia, Arrlca jund Australia, or climbing the side Tcnce Into South America. That sounds like some or the panegyrics that used to rill tho local papors when Ncwliousc was carving melons and shaking plum tress, hut have hecn conspicuously Inrrequcnt since tho melon patch was stripped and the plum orchard plucked. Melons or no melons, tho paBogyxics woro true, so Tar as they went. Nowhousc has genius. Ho has, also, his limitations. Ho Is not girted with technical skill nor proround understanding, nut ho has a rarer Taculty tho ability to command the wills or mon. Most men dream dreams and see visions. Only one In ton thousand can make others dream their dreams and see their visions. Sam Ncwhouso can do this. He made rich men sec his visions and financed his mining properties. Then he X-raycd tho same magic pictures Into the brains or tho technicians, and the properties woro developed. When the droams wore true dreams Ncwliousc succeeded, suc-ceeded, but Fate Is strongor than dreams, and Ncwhouso played at cross-purposes with Fate. He came to Utah to find gold. He round copper Instead. Ho sold a property prop-erty he should havo kept, and kopt tho projiorty ho should havo sold. Ho turned rrom mining an Industry In which ho round tho rullost opportunity Tor tho ox-orclso ox-orclso or his especial genius to enterprises enter-prises In which his ability was or no particular value. So he has lost ground, but the powor to sec and to mako othors see remains with him and the world Is a big country. Nowhousc passod orr tho mining stage In Utah several years ago. His placo was taken by Jesse Knight by virtuo or tho tromondous wealth demonstrations In tho nock Tunnol, Colorado and Iron Blossom mines. With tho decline or tho Colorado and tho closing or tho Knight smoltor tho spotlight shirted and Colonel D. C. Jackllng becamo tho most conspicuous figure In tho Utah mining Hold. Jackllng outgrow his environment and has moved to San Francisco to bo in closor touch with his Alaskan proporty. With his doparturo leadership was lost; tho spotlight plays upon an ompty stago, and tho diminished audlenco waits with drowsy lnattontlon ror somo ono who will arouso Its Intorost. Wo aro parsing through an lntorroglum. without a loader and without now mines. Time will bring both, but wo can make only random guossos as to tho sources rrom which thoy will como. Opportunity calls; tho right man can rovivo our groat-ost groat-ost industry and domlnuto it. Ho must bo an extraordinary man to overcome the wolght or Inortla. Ho must untto tho magnotlsm or a Nowliouso with the technical tech-nical nullity or a Jackllng. Give us a human dynamo who can on-thuso on-thuso tho living, make tho (load sit up and take notice, and direct tho aroused con sciousness In tho right channols, and wo will give him all tho honors and emoluments emolu-ments that belong to loadorshlp In mining development. Aro there such mon already In tho field? Possibly. Tho writer knows two who, in conjunction, possess tho qualities tho occasion oc-casion domands. OIvo olthor tho rollowlng or a Chambors, a Ncwhouso, a Knight or a Jackllng a rollowlng that will rollow through thick and thin, through good and evil report, that will boar burdens and act upon ralth and ho would mako good. Hut tho man ror tho Job Is tho man who creates the rollowlng, and It remains to bo seen whothor either or this twain can sound tho buglo call that will rally an army or cmplro builders. The demoralization or business on tho local mining oxchango Is Illustrated rorclb-ly rorclb-ly by tho prosont definition or a "good day". A hair dozen buying orders, three or Tour thousand dollars paid over, and thirty or forty dollars In commissions, constitute a' "good day". Ono or those "good days" would havo been pronounced n perrcctly rotten day a year or two ago. Is It strange that tho brokers aro threatening threaten-ing to make It "good night" and turn the keys In their doors? Somo rolkr blame tho brokors Tor the low prlcos or stocks. Great guns! Why should a broker want stocks to go down? It Is only on an active market that money can bo mado on declines, de-clines, ir tho brokers or Salt Lake had been able to look eight months ahead at the beginning or tho year thoy would havo declared a recess or the oxchango, and made monoy Tor thomsolves by doing so. A number or them aro talking or doing that very thing now. Why, thoy ask, should thoy moot at their own oxponso and ostablish quotations Tor rolks who will not buy dollars at rour-hlts aploco? It might do tho community and tho mining Industry good, they argue, to get along Tor six months without an authorltntlvo price on any or tho local stocks. Tho rcllow that wanted to sell a hundred shares or Colorado Colo-rado to pay Tor painting his rront porch could put a "For Sale" ad In tho paper or set a card In tho window or a vacant store. Anyono who might want to buy tho stock could look up tho owner, and they could pass1 a very ploasant evening dlscuaslng tho valuo or tho shares, resorting, perhaps, to a gamo or domlnoos to sottlo their dirroroncos. Tho prlcos mado on tho oxchango aro not measuros or valuo. No ono will accept ac-cept thorn who Is not rorcod to soil at any prlco, but thoy aro a basis ror negotiations, nego-tiations, and rurnlsh a starting point rrom which an agrcomont rimy bo reached, ir ono "notes tho rapidity with which prices advanco when bona rido buying is attempted, attempt-ed, ho can ronn a Talrly accurate estimate or tho quotations that will prevail arter a week or good buslnoss. in tho last week Ohio Copper has shown this rccup-orativo rccup-orativo power although thero aro many substantial reasons why Investors aro suspicious or it. Prince Consolidated has retained Its 5 -point' advanco so long that it may he sarcly rogardod us convalescent rrom Its protractod attack or liquidation. Silver King Coalition has advanced sevoral points this week, and there is continuous buying or Silver King Consolidated on the breaks. Iron Blossom should begin Ho show tho erred or the coming dividend soon, even ir It has not responded to the discovery or fresh ore to the cast and lis prospect or higher returns on Its low grado ore arter tho completion or the Kjllght-Chrlstensen mill, which is now a mattor or weoks almoBt or days. |