Show JINGO MINING MEN MENI I DISTORTING fACTS I 1 think there Is IR nothing to the talk of ot a 0 great smelter smeller war ar said a t prominent prominent nent smelter man of this city during the morning It I is truo that tho the Standard Oil 01 crowd props proposes s to enga o oIn In the smelter hush business It I should bo ho a n compliment to the mineral r resources of ot Utah that this big biff syndicate syndicate syndi syndi- cate which will wJ have o ha a n capital of or from to Is IR to build buld Its Is first smelting plant near Salt L Lake ke Cf City I J have havo o h no doubt that the Standard will wl in the smelting business on a large scale and I 1 know for tor a a certainty that It Is meant to punish tho helms for Cor the way war the they Ignored the plea of o tho the Utah Consolidated Mining compan company com corn pan pany for Cor a a cheaper smelting charge chargo Break Was Wa Expected While hlo In New Ness York recent recently I learned that the Gu had been pro pro- pared for a break with wih the Utah Uth Consolidated Consolidated Consoli Consoli- dated Interests for tor some time and that In so to far as tho the Broughton people de deI decided do- do that the thc they would go into the lie smeltIng smelting smelt smelt- I In Ing business In every section where I the tho tle American had plants plant there thero had been no such agreement reached On the tho contrary con con- conI I carT Im I'm Im told that it required a great deal of discussion ion for the tho big capitalists hi to finally agree to even enter tho the Utah flold bid with a custom plant plant If I after the Utah smelter has hap hat been heen given hen a tryout trout it Is IR found Cound that there are such large profits In the smelting business th then n it itIs Is possible that these men ma may decide to look around for the tho location of or another smelting plant Word for While I 1 would not discourage e th the building of or a ne new smelter out this way a It sometimes looks to mo me as thou though h the theno new no smelter people have hae some overanxIous ious bus friends by tho tue publicity that has hus b been cn given th the tha new neW corporation So far faras faras farns as ns th the aro are concerned S they have havo had competition before and In fact lIY have some competition i In almost every ery Held field In which the they are re engaged in tho the smelting business Naturally they ex expect cx- cx some omE dissatisfaction r among tho the thoman man many producers producer which ship to them I know that they thoy tho have havo been accused of at trinK trIng tr try ing inK to t raise rise their heir treatment charge In order that they might recover reco some of ot the losses sustained during the recent recant de depression do- do pre slon in metals when their yards ards were filled fied with a 0 product bought at a a much higher price than the tho final market figure It I is true tre that the they tried to tomake tomake tomako make mako up some Rome of their losses on new business but not In tho the wa way the they have havo o ha been charged I Engineers Competent It I has ha been charged chaFed that their engineers engi angi- are arc Incompetent This is not true for le h they the have had ha some Bore men who were unable to solve some ome of oC tho perplexIng perplex perplex- I ing InS problems found Cound in tho the 8 smelting smelling of or ores the they have gone in search of others and toda today tho they have havo a aery very ery efficient I staff tn f. f Changes h are arc being made frequent freQuent- I J ly 11 in their metallurgical staff for tor tho the reason that a number of ot their big engineers engineers I engi engi- often oten decide to embark In business for Cor themselves es while others have ha 6 amassed d foi fortunes tunes and have havo ha e retired John Ha lays Hays s 's Hammond Is an Illustration of the latter for tor he ho has a a big fortune on his own account besides numerous Interests with the Guggenheims Daniel Dael Makes Mistakes I will admit wl that Daniel Guggenheim has been poorly advised on numerous oc oc- oc For Instance I think when ho became engaged d with La Lawson Lanson on In various promotions that he ho made mado a R very great reat ml mistake take Then again he has been char charged ed with wih being beinG associated with a crowd that I is trying to help Heinze out of oC his dilemma and or e every one knows how the Amalgamated Copper company which is one of or the Standard Oil 01 holdings gets after anything that Heinze is interested in In- In I in I More the BetterTo BetterTo BetterTo Better To me It looks like Utah IK is 11 going to get another big custom smelting plant and that with tho the American United States and International smelting concerns con con- cerns cers engaged in competition for lor or the mineral business of tho west Utah mine owners will m be given a n better beter price for Cor their product I do not believe o bele that at we wo should hould cripple the new concern by misstatements misstatements misstatements mis- mis statements which will wl finally place it I ata at ata a great disadvantage o in tho the smelting business Lets Let's have havo all aU tho the companies possible In the field feld for Cor there Is ample business out here for tor generations to come |