OCR Text |
Show NEW SMELTER ORGANIZED. Formation of Corporation With Twenty-five Million Capital. Now York. Ofllclal nnnouncement wns mado on Thursdny that a largo smelting and refining company Is organizing, or-ganizing, tho object of which Is to build smelters In mining districts In this nnd other countries. Details of tho new organization have been worked out nnd tho concern will bo Incorporated nbout tho first of tho year. It will bo backed by some of tho strongest Interests In tho financial world nnd among tho directors, It Is enderstood, will bo men high up In tho Amnlgnmnteil Copper company nnd tho United Stntes Steel corporation. Ono of theso will bo WlllUm Rockefeller. Rocke-feller. Tho now company will cater to the metal nnd mining trade of Mexico, Utah, Colorado, Michigan nnd Montana, Mon-tana, and will build smelters In thli territory, nnd possibly Arizona nnd Canada. Its capital will bo $25,000-000. |