Show NO NOW THE TilE OF SMELTER WORLD The American and the Invasion of Diggins Diggin's by Guggenheim Guggenheim Gug Gug- genheim Ex WEALTHY CROWD OF U.-S. U. x New Ne York Writers Writer's Comment t the 1 1 on III ni tit limits what hat They J I Are C for fH Producers Boll tim Tn Iii an article on Oh the two big smeltIng smelting smelt smet- ing lag and re refining companies companI h by which the Un field feld Is now practically monopolized a New New- NewYork York writer says a To call cal this the American Smelting all and Tie Tie- ne- ne fining company the Smelting Smelling trust Is to fall rol short hort of or the truth While hiie Its Ia monopoly oly 01 Is h not lom complete In so one sone ne branches of or Its 11 activities on th the tl- other hand 01 ore by hy no means mean pan confined to 10 the reduction of or ore It I Is equally f a mining company compan As an nn ore orl producer aa as OI weil rs q r un an o oo oe 0 o buyer r It ft outranks nil ni the lie he competitors The flit year pr 1905 saw amount of or otal catal under tinder its hs Is control ald and the lie extent ol ot Its operations vastly ex CX extended x- x I 01 tent tended tended- At the tho same time there wa was war an nn Increase C In tho lie value of or Its r t holdings 9 as measured b by t the tue market price Of oil Its Is shares esp especially the tt common Controlled b by the tile parent company oris or orits orts its ts is principal stockholders are a large hup number of 9 subsidiary Until lh this present y year ar 1 the most most important of or these was the guggenheim lon ion company which either chimer directly or 01 through still stil other m f m n as the he Western Pt West Vest ern em rn Mining company of Cob Colo of the h owns ant c minis mines in many o b best liest st rt of or the tie he rn United I States Slaps and Mexico During th the year jl Just past nast the tho American Smelters Smelters' Securities I ties corn com any ny another treat great subsidiary tar company was organized or and by h b the he sa sale of or k k t e t of It I guaranteed Hu tIle capital o was SC seemed HIrd to take over t the ht Il build othel coast ant an and f PAt of ot the holtin o or r tile the Ct 1 1 company It s 's s reported were transferred to 0 the tha new omon Th 1 Ii ht- ht majority of 0 he flu common stock tock In which Is v vested tile the onto of or the lie n PitY w com COIl pan wo In the treasury of tin tile parent company anti and by h the lie Ih sale ole of the I preferred stock stoel th the GI I creased ther thier r available funds by liy I fr fifty million milon v I Iy Hy By y acquiring control of of or the thio th Federal rl Mining am and company and making mak mal ing Iii a n lon lons' lon mp contract with wih the thit tw Thinker BlInker Hill 11 iii anti and Sullivan coman both ing in the tu lie Cot Cor r r d' d A the INt I ad I monopoly of or tile the trust ha has been further furler strengthened It 1 Is apparently secure p against a competition by iy smelters using lead as a collecting a agent for the he h pre pie rios clos metals In dry r ores The Increasing lS use List of copper for thIs purpose howe EI however and ind tIme the III application of 0 the lie tl cyanide pro pro- process cess In the treatment rea of or concentrates concentrate hitherto to the hp smelters mH rs I Is' Is removing removing re re- re- re moving the th fangs fanes fang of the monopoly oi Extensive Investments I 1 tIle the tru t In copper opp r nes nn and lie flie at additions to 10 Its Is nt for fOI copper smelting ar art are Indi- Indi catons of or changed et conditions from the he hemb time mb when h lend heat nf ore eel producers had lute contro o o 0 t the he I smelting Control of or copper production lon would be bemore ht more difficult to establish though there f T r alms td n that such sich an un attempt will wi be 10 h. h made I Con Construction of or Plank J Three p million milon dollars Is using being used ll by hy bythe the Lilt In the tee construction of oC a avni n j R nt at Ga Garfield tan h antl itOh rJ h large arge copper coper smelting smelting- i lant will wi b h hi bu him bunt bi a nt it oice oce on Oh 01 tIme tho soi shore of r San Francisco tia tn bo- bo a. a aton chosen because the winds will wil carr carr- the time fumes limes over or o r the tIle water where they the will wil do llo no harm Options Op Ou- acquired and t purchases made made- b by Ih Ibe thit rust usi ni nt Utah mr Nov Y and mcl md e. j P While the th year Just Ut imst brought brought- brought un- un roW l h t. t to the Sn Smelting trust rust t t also 1110 saw sn th lilt th lo dt development l nt of n a ri lih The rue Ln et States and Mining company cn for and rind managed byn bynell by uy n nell men n of or proved ability has Ilas Invaded In tru t with wih every even I assurance of success SS In Ii up lP a tt competing enterprise li it lihas 1 has Fins In operation a ri copper and anti lead I In Utah and a copper smelter in n California and what Is aulle as ns necessary nc it has the mines to guarantee es essary nn t L ml 9 ail an ore oie ore supply It recently Invested OO OOOO In purchasing pur I chasing lh the he control of the H Real lei del Monte Monto mines of a and will wi build hul one 01 ot more moore r S n Mexico I The United States Fates Mining com company pan hits has been strictly a i Boston enterprise H. H D D. Evans g strict formerly president of or o the United Stoles Slot Robber Rebber Rl was ts ts first fh- president Associated Associate with wih him have ha b been en j i-j N Joss Koss a ut I time many millionaire ana one of ot tile the lai al' al M stockholders of af the thu ht n U. U P. P T T. company Ay Ayer Tr the head of or tie tio American m can olen company and the tIme richest man In iii New lW England ant Sidney W. W the lie ent of th the United Shoe Sho Machine company J. J J. J Co B. B K C e of Lee Iee lp I on antI and Swift tIme the head hEle of the tle te Swift Packing company N N. V V. Rice nice who made malI a fortune fortune for for- or- or tune n the lie hide business s an and In the United States Len Leather timer company V. v t 11 II i. i Coolidge I a n prominent Boston oston lawyer lawr and andA Coot A A. r. r thi the managing n director who manaJ of H 1 to 10 fortune I Is wid possess OS a tO To Mr en Is given a 0 large lame share 11 Iol Cf the chic crt credit for fUI tIme HIP United Stoles States Mining company such a a formidable lC opponent op of or the Smelting In cind company conwan lie II has ha been Ilen man managing aging director of the lie he United States Min Mining ing ng n from 1 tIle the till time o or I its itri formation forma don tion and ant h has d. Its Is mines mins ant anc built hult t Is smelters mcl rs lie Jp was recently offered of or feted a salary alar of H I per iter annum tc IC t forsake the lie com company pan but he turned down Iown although his Ids lre present nt salary Is n ii I V very I modest one |