Show mm GARfiELD SMELTER COST SIX SI MILLIONS The GuK admit that the cost ost of Uio tho smelter against which h so 50 much criticism has been directed was as approximately ap up- proximately which was as paid p for Cor thc they fa say out o of cash resources The entire capital stock clock of at the Garneld SmellIng Smell Smell- lug InS company amounting to Is owned by b the American Smelters Securities tics ties company which holds title to a groat Great many many of oC the Guggenheim properties The I Garfield company owns 1000 acres of or orland land on which tho the smelter was erected I this having a A. dall dally daily capacity of oC 2230 zo tons per pel da day A ton 50 concentrator has also been bt Cn completed at a n cost of says Bureau The 5 per cent cumulative preferred d stock series B. B of or the tho American Smelters Securities company has bas just JUKI been transferred transferred trans trans- from the unlisted to the listed department de do- of oC tho CW York stock ex exchange exchange ex- ex change and In Iii making application for Cor such a move the company had bad to lay 13 bore bare all rul of ot Its Inner worl workings and as assets ts This I company took over ovel certain properties from the tho American Smelting and Refining Rennin I company compan at Its formation Including mining mining min mm- ing properties and smelting smelling and refining plants lows Sm Smelter Securities Is 15 capitalized as follows follows fol fol- fol- fol Common Preferred series A A. A Preferred series B B. B Tho The refining plant plant which tho the helms bought bou ht several leveral years cars ago ngo 1 go has an annual capacity of or rounds pounds of copper This hl plant located aL at BaIL BaIL- Balti- Balti more is on one of oC the thc 1 largest cst in tho country and amI was vas seemed rl to tho thu tho present owners owner by the te acquisition of ot control of tho the Baltimore Baltimore Balti DaHl more moro Copper Smelting nd ni nd Rolling Roiling company com corn Deny pany which has a capital of oC 5 or oi 01 f shares s. s par For this control the through the American Smelters Securities s company a agree arree to pLY pty at- at On this amount lO lOns ns already been paid pid th the balance being payable able in lii installments However the called for tor the transfer of the s and arc r still t two eighty o sha shares s which havo have not yet been t 1 Besides the copper smeltIng smelt smelt- In Ing and refining plant the Baltimore Company owns a copper rolling oiling plant The American Smellers Securities c company corn com m- m pany also hn has hiis vast 1 t fa facilities through its Is own ownership of the entire capital capi capi- tal al stock toc of ot th the Tacoma Tacoma Smelting company corn com cm- cm pany In Washington This company op- op 01 a a copper and lead kad smelter and also h o ha las a. a capable CapallO of or turning turning out ont 1200 tons ton of copper Copper a month In detail the tho titles company owns t the he entire entre capital of or the he following n S. S corn com COI- COI r c Selby Sm and f t ad GOOI Tacoma Smelting 5 Federal Lead Central Lead company 0 n. n Mining ar and Smelting Smelting The Tho To company also has hn a Interest tf Mn fn J 1 te IF ut Owned Ve Western lcm Mining Minin t l 5 Dairy Farm Pal Min ln OO G. G First at Copper First Imp l OOOO Water Waler 1000 The Tho construction of or San Bruno plant a a a. cop copper r smelter was vas a begun bul two years pars Co wh when n completed will m cost 2000 The Selb Selby com company pan operates in Califor jila and in addition additon to refining gold goltl silver sf r and I lead Rd operates a 1 lead manufacturing plant plant including lend lene pipe sheet lead sol sol sol- der del shot an and babbit metals metal Tho The Federal Load Lead Lad company owns own acres aCt of oC mining lands lands and also operates a si custom smelter meter with fh a dally daily daly capacity Ly of ot between 2500 OO and tn tons The Central Central Cen Cen- Load Lead ad company compan ha has 1600 acres of mining min mm- lug ing lands Jandt 18 Its ores oros running about about the same as as' Ing those of or tho tim Federal company compan Tho The com company p n 3 owns property in Mexico and Id during the tho past paNt year car has as produced pro pro- B as 8 high an as af O tons a day da- The company has r recently finished a lead and copper op r smelter having a n dal dally daily capacity of or 1000 tons lons This c cost t |