| Show 4 C M it NEV AU A CAREER L How the Steel Magnate Brought Smelter Trust and roads to Terms I PLANS GREAT OPERATIONS MAKES PARTNERS OF MEN WHO SOUGHT HIS AID Tonopah Nev March L has forced tho great smelter trust to terms so far at least as its op operations orations cover the districts ot of southern Nevada The steel magnate who was at atone atone one time prominently r IdentIfied with the greatest trust of them nIl all has had a change or of h an rt and de loped Into a trust breaker by compelling the Amen AmerI AmerIcan can Smelting Refining company to play fair with the mine owners of Bull Bullfrog Bullfrog frog Manhattan Goldfield and Tonopah His pocketbook has been touched and from the arrogant vanta vantage e point o of man manufacturer manufacturer or of raw materials lie he has placed in the relation of producer to man of raw materials he has been placed in the relation of producer to 10 man manufacturer who for the time being at eat wa at the mercy of one of the gi gigantic gigantic gantic combines of the country controlling controlling ing practically the entire output of min minerals mm orals of the land and Through his of the and Shoshone Polaris mines at Bullfrog he found himself literally up against the trust with its reduction rates which have so 50 militated against the th profitable pro production production of ores from these ps ThIs boon to to the state of Nevada has come through entering the southern Nevada Neada minIng fields as an ex cx extensive operator The Tho issue became drawn when he and Malcolm L Lh cdonald h consummated the tion of the Sho Shoshone Shoshone shone PolarIs and Crystal properties into one great concern whIch gives every promIse of becoming the greatest minIng of the world Enters Bullfrog RegIon His first move against the smelting combine came shortly after his purchase of the group Gr ping the situation at a glance Schwab hurriedly purchased the old Mar Martines tines smelter near San Francisco Then the news went forth that the steel mag was about to enter the smelting field as an independent operator This instantly brought concern to the trust Officials of the corporation hastened to negotiate with Schwab with the result that a perfect understanding was brought about in short order and the steel mag magnate nate withdrew from the field His con contract contract tract with the smelter trust is for twenty fIve years duration and secures the treatment of his ores at the minimum cost The Martinez smoKer smelter has bas passed to the ownership of the smelting corporation and the mine owners are to have fair treatment from both the smelters and railroads Is Becoming Heaviest Operator That Mr Schwab intends becoming the heaviest operator in the southern Nevada is shown by the extensive and elaborate plans that have been perfected and are now being carried out to develop and equip the Consolidated mining properties His successful war agaInst the Ithe smelting corn com combine bine will give him an advantage in his throughout the state particularly lady at Bullfrog and his con of the Tonopah ExtensIon mine at att atthe t the hp latter camp making hIm the second producer of the district U Mr lr Schwab was first interested in Bull fIng through Malcolm L Macdonald eminent mining engineer and capitalist W who ho joined interests with Bob Mont font the original locator of the Mont when the property Was more than a prospect When things looked decidedly dIscouraging Mac Macdonald Macdonald donald proceeded With the development If th then prospect expending money hf ii had made out of the mines of Tonopah When the great strike of fifteen months ago Was made on the Shoshone the alien atten ion of the steel magnate directed t 1 the section When rhen he be was approached with ith a tentative offer of the control of the property he decided to journey a ross the continent to examine the pros prospect prospect He was accompanIed by Macdon aid every feature of develop mEat While pleased with the showing showingS S Wanted an Immense mine and more ground and suggested negotiating fr control of adjoining properties Then followed months of dickering principally by Macdonald to whom Schwab had entrusted the matter At last Macdonald had the deal shaped lIP and the steel king again journeyed to th tIle southern Nevada camp where the final transfer was consummated the price being h lit the neIghborhood of Months of Uncertainty luring Puring tile the period of de development of oft t th P group there Ip a remarkable strong rong friend friendship ship hiI b between tween Montgomery and d a friendship that is rarely found In Int t S da day or of for A strong element of human interest also alEo attaches to the earlier days r f th the mine to its final consolida consolidation tion with neighboring properties The partnership between the two prIncipals was one of complete harmony and trust rust At t on one time to Macdonald was given ven ab slate power of attorney to dispose of all tit the of Mr Montgomery upon such terms as he saw fit Montgomery on omen when it CAme to tho final transfer ex ex experienced the keenest regret over part frog ng with th his ij interest He had gone through years of hardship and poverty In winter and summer he had journeyed far from civilizing environments through the treacherous desert wastes of south southern ern em NevadA In quest 0 of a gold mine Several he had located what ap app leared p ared to bP be promising prospects but of importance had developed rom them From the first h he fIrmly be 00 l eved the would turn out to be a great mine The un Im dikes of q te or per por that boldly cut through the country countr Indicated to his eAI experienced eve ee perman eT eTcy Cj of the ore bodies And he found toun colors color wherever a pick WAS driven Into the mASS his confidence be belme ft certainty He saw ahead the re realization of his dreams a 11 trip abroad for tor hl his health which had suffered from with him the tri in trials als and of years Us of struggle a magnificent home in California and peace and cont contentment t that at come only with a arlet filled pocket book all these were looming up In the Immediate future Months of uncertainty however follow 1 t during the negotiations making for tran transfer fer to a strong corporation that deal successfully with th existing Seek Assistance Macdonald and Montgomery turned to Mr Schwab Without a scratch of the jf n Montgomery gave Ave Macdonald his bis ab absolute solute power of attorney to dispose of his millions of prop property as he be saw fit in eluding th fixing of the price to n The latter Jatter ag again Jn accompanied Schwab to the mine where final transfer was made Takes in Owners at Partner When Montgomery fully realized that he was about to part his pet mIne he was seized with Ute the keenest sense of regret From the time when wIlen he be first colors on the property to the day dav when millions ns of dollars worth of gold ore were standing he had become p In his lIs holdings Irresistibly something kept telling him that lIfe would he be without Incentive unless he could re remaIn maIn at least nominally interested Ap Approaching APproaching Macdonald he urged hIs p ner to retain for him at least a small in Macdonald promIsed his inter intercession intercession cession and in turn urgently requested Mr Schwab to let Montgomery In on the consolidation Before the steel magnate and party had left the mine erys appeal was granted and be was In Informed Informed formed that ho he should be not only a part owner but a director In the corporation as well |
