Show SMELTER COMPANY GOES TO THE WAll WAllA A B Cockerill Concern Failed to Recover From the i 1907 Panic Joplin Mo 10 Feb 7 The A P Cock Cockerell erell Smelting company one of oC the Jar lar largest JarI gest zinc smelting concerns in the Unit I d States is on the verge of oC bankruptcy Confirmation to a rumor to this thin effect was made by A B Cockerill president of the company compall today The National Bank of Commerce of St StLouis StLouis Str r Louis and George E B Nicholson on of 0 Kan Kansas lets sas City who hold bonds bonda issued d by the company compan to the extent of K O have been in charge of the prop properties properties properties for several days According to Mr Ir Cockerill formal me u probably will be made tomor tomorrow i iro row rots ro I Irhe I The rhe company compan owns smelters at Altoona I Bruce Gas City CH and burg Kan Ken and in Nevada Mo 10 Those at Al AI Altoona toona teona and Gas City alone are now in operation o ration In all the plants pl the company h has hap a twentysix i t six furnaces with Hb total weekly capa cape capacity city of 2000 tons of ore Failure to recover from the th effects of ot the 1907 1507 panic p with the present ore situa situation tion lion are given gien as AI reasons for time the failure by b Mr Ir Cockerill I The price of speller spelter has not increased in proportion to the price of ore in the Joplin district where we obtain our sup supply pl It ply he said This Thit coupled with em m ent which has hal existed since we weere were ere forced forcel to issue bonds in 1907 7 has haa caused the failure The bondholders I have been in practical control of or our properties for foi or the last laet four days t and I expect formal assignment wilt will 01 be he made tomorrow to morro I understand their intention Is to continue operations opt provided ore price do not again Increase e to a pro extent The compan is capitalized capitalised at I I I and anil is one of if f the this heaviest buyers of If ore orein oreIn orein I F in the tite di tri t |