Show NEW NEW SMELTER PLANT AT OURAY COLORADO by col D A burgess the erection of a new smelting smelling sm elting plant and mill equipped with modern machinery by a newly organized company of eastern capitalists headed by J H ehlers of new york hitherto prominent in i mining and smelting smelling sm elting in the northwest and E H houghton of boston and associates is now practically assured payment of earnest money has been made and le legal leal 6 al steps by way of ratification of transfer by stockholders of former holding 1 1 company were taken at a called meeting 13 for that purpose on a recent date at this meeting 6 the terms of sale to the ouray smelt in ing 9 and refining an co were ratified and also the transfer of the old plant and machinery equipment together with the realty mine holdings and water rights all of considerable value the leadin leading b men in the deal ehlers of new york and hou houghton 6 aton of boston with associates from their respective cities have figured in the deal since its in inception justifying their known reputations for success in whatever undertaken means an assurance of value to the many operators of the section interested who have anxiously awaited out outcome conic of negotiations sufficient financial backing is satisfactorily noted to be accompanied by an undoubted su efficient tonnage of ore for custom treatment or on company account as both plans will be in operation era tion the smelter which was originally built for treatment of the copper ores of the district will be remodeled as mine and mill product to be treated may require A thoroughly modern milling plant will be added which can be used for sampling purposes in addition to the concentration and separation of the lead zinc ores prevalent in the section the uncompahgre river which flows along the mill and smelter site furnishes a water power that the engineers inders state can be easily developed to supply horsepower per diem the new highways being now constructed throughout the entire section tributary to the smelter and built substantially ly for all time by state and county with federal aid will prove a potent factor in the profitable relations of smelter company and producers as it is estimated by reliable authority to mean a reduction of the former haulage rate of 1450 per ton to an average for the future of about per ton from points up to ironton and red mountain to the smelter at ouray the new company owns the silver screen property and this with the kohler tunnel property also controlled by them can be made to supply tons monthly to the product to be treated while tons are available from another property within two miles of the new smelting smelling sm elting I 1 plant that the new company has sufficient tonnage to blow in on without any danger of treatment cessation is the positive result of their engineers engineers careful examination and estimates As a further evidence of good faith and intentions of the new company the latter have arranged to start the work of strengthening and putting into service the upper dam about december 1 1922 other repair work dismantling cleaning up etc of old works so as to give room for new buildings b s and machinery installation will be instituted during the first week of december when ehlers houghton and others interested are expected in ouray construction of a new lead furnace and remodeling plans in conjunction with utilization of the old copper jacket durha furnace c e will then be started 1 |