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Show W.iMELTEBS. A New Smelter Plant to be Erected by Eastern Capital on an Elaborate Elab-orate Plan. THE STSIIES AT SILVER CITY. The Evening Star Joins the Producers The Swansea, Treasure and Other Producers. New York, An?. 25. Bar silver sold at $1.10, and lead at M'.OO. Another Smelter. And now it transpires that the significance sig-nificance of Messrs. Holden, Graham & HiU's recent visit to the outlying bonanzas, was only half known, and thit, while they were ostensibly os-tensibly seeking light on the li.xiviatiou ef ores only, they had their wary eyes on an opening for a smelter, which is to sopn bo erected. Mr. Holden is a gentleman who, a few years ago, was carrying his grub bucket to the famous Piobert E. Leo mine, a property that produced iu three shifts ore of the value of $118,000. He next appeared at the head of a sampling establishment, and then as the chief executive of the Globo smolter at Denver, which was conceived con-ceived and erected by him. Internal In-ternal disturbances led to his voluntary vol-untary retirement at which ho proceed-ed proceed-ed to the erection of tbo furnaces and works of the Philadelphia retiniug aud smelting company of Pueblo a plant that is reputed to be next to the Omaha & Grant iu' magnitude and capacity. Mr. Graham, whose name is associated with tho latest project, is one of the owners of the A. Y. and Minnie mine at Leadv'lle, and with his partner, Mr. Guggenheim, of Philadelphia, divides $100,000 a month from that property, for which $11,000,000 "in sight" 'is claimed. This ground was obtained from A. Y. Corman, a patriarch who now presides over a saw-buck for a maintenance, for $8000. The venerable old fellow had fixed this sum on tho A. Y.( but thin king he had scored an unfair advantage over the purchasers "threw in the Minnie for good measure. It is from this source that Mr. Graham, one of the projectors of tho new Salt Lake smelter, has derived de-rived over a million of dollars. Charley Hill who also appears as a principal is the manager of the A. Y. and Minnie and has iu mining amassed great wealth. Having satisfied themselves of the endurance of Utah's mineral do-posits, do-posits, these gentlemen have decided on auothor smelter and thus does tho right over the local output wax fiercer. It is not determined, or at least is not divulged, as to the exact date at which ground is to be broken, but there is no doubt as to the ultimate construction construc-tion of the works. Operated in conjunction with the Pueblo plant there is no question as to tho benefits ben-efits that would accrue to that institution. institu-tion. Tho lead product of Colorado, upon which the successful operation ol the smelters of that state are dependent, de-pendent, has been steadily diminishing, dimin-ishing, and now, it is said, a misunderstanding mis-understanding between the railways and the producers is making the jack of lead more severely felt. It was this that for a time arrayed certain Leadville smelter men on tho side of Mexican peon labor, or the admission of Mexican lead, and which rendered their attitude before the eyes of the world decidedly ambiguous. For relief an appeal is being made to the mines of Utah, evidence of which is seen in the presence of representatives of every smelter smel-ter in Colorado. Another keen demonstration demon-stration of this is seen in the erection of another sampler in Salt Lake City by Hon. J. E. Rockwell and Charles Driver, who are now conducting one of the sampling works in Colorado. Work on this will begin in a very short time, the object of the builders being to make it one of the largest and most capacious in the western country. Mr. Rockwell will arrive this week and perfect all arrangements ar-rangements for its hasty construction. Another smelter such as is contemplated contem-plated by Messrs. Holden, Graham & Hill mans employment for several '.hundred persons, and on the ruling basis of calculation over a thousand people peo-ple for Salt Lake City. . It again sheds light on tho attitude of the railroads rail-roads and calls attention to the question of "protection" for the home smelter. It indicates thatwhilo theraiiroad finds a source of greater revenue in the hauling haul-ing of crude ores than in the taking out ot.bullion, they must look to the future growth and prosperity of Utah. Discrimination Dis-crimination in fact is too dear an article to handle in large quantities at this time and this the companies probably realize. Protection to the home smelter is an imperative invitation to those who want to handie the ores of Utah to come to the territory and take part in the moulding of its future. This fact the railroad probably appreciates and on their action depends, in a great measure, meas-ure, the future of Utah's smelting industry. in-dustry. Mr. Holden will arrive iu the city next week to look over the ground and to make some definite arrangement for the commencement of work. In the meantime his representative, Mr. Kir-by, Kir-by, is at the Marsac mill where fifty tons of Aspen ore are being put through on a trial run. |