| Show SMELTER MA r 1 Daniel Guggenheim and Party Reached City Over the Rio J Grande at Noon 0 TELLS JELLS ABOUT COLORADO TRIP TRIPI I Had Nothing to Give Out Regard Regarding ing Negotiations for the J Boston Consolidated I e iJ JlII r of nf Joint mid Other i 1 r Attached 11 to the regular Hlo Grande l No Ti 0 which In tho city shortly lifter noon today was vao the private cur Daniel president of or tho American Smelling company j party which w toc C S H 11 er and an W K 1 tho ln secretary to General ilo l W I who preceded pre edel the visitors Colorado by day do YR Tho las met at lit the tho depot by h rles W V o or the local plants of at the American Smelting and kindred companies cd were In III uniting wulling to take tho t 1 purly to the l where they at located A T TIUI We have haj hl 1 a 11 very cry pleasant trip trill across the 1110 country countr ald Mr Ir MUll to representatives of at the press his hla arrival who li I waited him at the hotel The Journey journo through Colorado Willi the American Smelting company Is getting ready to spend sev sever er ul millions of o dollars In the tho better betterment betterment ment of ot the tho plant it Denver Deliver Pueblo Durango ond Nen Ne methods of ot treatment are to be Installed at these which will no III cheapen the tho cost of ot treatment that ores practically of ot no value now will 1111 yield a 1 this we wo propone e to build a zinc lIne smelter In Colorado the location of or the plant has hils not been tully fully determined tI but It will be lie either at Pueblo or 01 These o Improvements were decided d on at a II meeting mc of ot the executive commit committee tee In III Denver Danver has been a great rc t deal said Buill In eastern as well as all western papers Mr GU about the tho absorption of ot many of ot the th principal mines of ot tho by the interests represented by tho formation of ot a great hoMing holding company for tor them themI r I know there has been beell replied the thc i great rent smelting magnate but 1 ran ran say sayto sn to you OU that there has hns been u II whole hol lot lotof of nr hot nIt about these reports Willie While It l true we e havo been and tiro now ne negotiating for orric onic mines I dont know that there thero will be such u tI combination as people p OIle have been led to believe bellale WILT WILL KNOW INOW NEXT WEEK Elm How about the tho negotiations for tor tho taking over or at tho II Con other proper properties prop r ties tI a 1 was Willi naked Well I cnn can tell you moro about llos Bos Boston ton next week In fact I Iilo flu ilo now kni v very much about just now nu I 1 have com out but hero here to find out things until I hear henr tha th reports of et my engineers there thero Is really nothing that I 1 can CUI siy about our takings here more than to that we propose to do for the mine owners of Utah we doing for tor those thos of ot Colorado In the way n y of ot pro for tor tho of ot ores ore on u 11 basis huls that will enable CM tho op opening opi i ening of or mines that contain vast st bodies j of ot Uw h grade gratie ores oresA orcA A GREAT OHEAr SMELTING S The Tho construction of ot the tho Garfield j smelter I lam nm Informed Is going ahead will be lie In commission nt lea a 1 portion of ot It at lit nn early curly date YM tha development of ot the mines In thin am and li I going for tor forward ward at such a 1 rapid pace that there Is no reason why Knit Laks should not become an UK Important m any other place In 11 the country as 1111 a n center OWNS STOCK I to the statement made In Ini i one Olle of or the tha Denver papers several days das ngo 10 to the effect that tilt thu American Smelting company hill had purchased u II control ot th I copper mine In Shasta county count Cali California fornia III Mr Guggenheim while not willing to admit that a 1 control hart had passed stilted that U it was u II fact that tho tha American Smelters hall had purchased n very er large lanN block of the stock Yet the tone of ot his hili conversation Indicated that If It the tho con control control U III not already In the of ot the latter corporation It H I close to It The fhe same was mild KalIl of or Nevada Con Engineers havo recently visited this property are arc now noli as assembled In III this city with their ready for tor submission to Mr II r helm DECLINE DI IN S lINE It How do you OU account for tor tho recent rec nt decline in the of at silver vias naked of ot Sir Ir Guggenheim Well It Is simply lImply this China Mexico arc selling and India U Is not buying Mr Ir Guggenheim GU also crill criticised tho tbt action of ot Secy Sec of ot the Treas Treasury ury ur Leslie LelIe M Shaw In using the gov governments ov of silver bullion for tor making subsidiary coins He lie declared that tha tho secretary have gone one Into Inlo the open alien market purchased II ller II e r Hud this been lIeen done silver I would have hae advanced to IS or iO 60 cents I per ounce Instead of declining as It has hilA today f Mexico jou ou remember sold 11 I 1 worth of ot sliver silver not so very vcr long longa ngo a o I 1 nm am that If It the th United States had hM bought sliver silver who nhon II It needed It tho Mexican government fI i would not have sold thul amount The fhe result re of ot the matter has haR that foreign states sILlies have havo tome corne to the conclusion that It Is not a n good thing to buy IJU i iier If It Mr hOd coined conod nil all the sliver silver million into silver dollars ut lit the rule rute of ot otI a month as ua the jaw required I flUer would risen In 11 value Tho foreign government are melting down their large lurge BlUer coins a 1111 they ure converting them Into coin when they the would in nil probability hao laon In III tho market for new sil 1111 silver ver cr 1 believe that tho t tho secretary of ot the tho treasury be lie censured for thus thu evading the uw He Is Insisting on not buying sliver hn la Is trying to have hayt n II law passed that will prohibit Its buying I 1 think that I the mutter muller should bo culled called to tn the at attention of ot the th and r pre enta i I of or the western s and that th v be Informed of or the Iho precise t 15 I think too that the western t people generally should take im II this to have the buy t silver when It needs it and to pro 1 the secretary ot the tho treasury from the law to 10 lIe silver n black blackeye eye ALL AI Th will be here hore nil of nr next u Iek ck It will be jo jou u II bu bUM y one JUO IH III cl t to th the city next Monday 1 tha belief In mining thu t tho I that been for or Homo time for n 1 union of ot this mine with the Uth Copper on all some lH l vill he tho Iho talent In that line that thit the country produces heru at tit this time for with ut full uke will bf the renter of or of or tho This afternoon the president of at th company WAB In III with Chief Engineer John Hays mond man other mem erH r of ot hili staff starr who were culled called In to submit their re reo reports ports When the tho party arrived nt at the hotel Thomas K 1 Colo was In InIn InIn In house to treet some friends to hl his departure for Call Cali California fornia this afternoon |
