Show IAl SKIES Will ILL LEAR CLEAR I DECLARES DANIEL GUGGENHEIM I I President of Smelter Trust 1 rust Believes All Copper Coppel Produced i Can Be Easily Sold Within the Next Sixty I to Ninety Days I WILL PUSH ALL NEW y WORK TO Co COMPLETION I E 0 Capacity of Garfield Smelter Will till Be Doubled and Work onEly on onEly onEly Ely Plant Is to Proceed Without I 1 Interruption I I II rite Tho American Sn Smelting C Refining com coin company t 1111 tan tines does not purpose closing clo Inic down clown or nr even cn curtailing I It tt t 1 I N ln l tt j product front from Cr c and mill expects to lo continue lo to ell do o o. Its It ts i laJ large i c plants nut and additions to plants under mulct construction e t will III he be pu hc l II to completion anti tit the c elc 1 nu n t of its it It properties at KI and mul el lurt II will In hI he con fm I lili uett I I believe that In hi t CO O to o DO no d' d hUs hU's ay thu financial situation in III the Ii I t Ka-t nt t tilt c Mire cleat cu rind and there will trill he no trouble to gel ell cIl I at nt fair all nIl nIlI I the cOl copper cr that Iha AX trill III 1 bo be prod meet I flit Thi price of or copper l' l fell because o of failure lo to float for largo large c es that Hutt have hu used tho the co copper I I could they ha e ha I c carried through h. h It Is Ie a a caM ene of then them hr In not c enough HI tonnes 0 m II to go o around The flit large c n are arc doing tight right lI ht in ht curtailing production of copper ion Is Ii a u r d thin ry With Ith tho rho j for t for rm a taut LImn natters matters will trill soon oon rj ri right lat Itt es cl c che 1 mill hurl I the march cli of or progress will trill be he rc returned Daniel Gu Guggenheim I I Daniel Gu Guggenheim pr president of of the American Smelting S Refining company compan forceful optimistic and unquestionably unquestionably un un- questionably possessed e sll of po power potter given I Ito to few men to grasp complicated situations situ situ- situations and bring order out of of apparent chaos was in to Salt Salt Lake City yesterday l Imparting to tho those e with whom he hc came I Into contact confidence anti and good boot cheer throwing oft off gentle shocks s of or animation ani mation matton like 1110 sparks parl s from a 0 transformer L 1 Ho Ito arrived In hl his special car m over er erthe tho the Olo regon on Short Lino no about bout 10 1030 30 yesterday r morning r re pa palled i led el at nt once to lo his suite of r rooms nt t lie tho I- I lintel hotel and went e nt Into nto conference with General G Manager C. C W. W Whitley YI 1 e end and nd others other of his stall staff Accompanying Air Mr Guggenheim on hi his f trip ar nr are his son Rob Robert Gu Guggenheim Edgar gat L. L Newhouse New New- hou house e. e F Franklin rau II In Guiterman Judd Judil I I St Stewart tl the company's auditor Ud and J J J. r Y Walter 1 C Cutting I Pl private l t secretary to Vice president lc ore S1 S. S W. W Ec e During th the e. e afternoon a n. hurried trip to lo the tle plant f at was made finite and l i shortly r midnight tho ho r party was ready y to leave for t the tho h b east tal ln d t. t That Thai Mr i Guggenheim K a a. a thorough l business man a accustomed to U C economizing economizing mizing ng lime time Is bl shown b by his h having made an tm at nt to in m ml meet moi oi t hI nt a of all alt lh the o local newspapers n l b nt at t tilt same san t time lie H submitted lUr j l with v the tho t 0 utmost Rood good oo to lo toh loht h the ht cross cross- cros crol M- M are nrc oC or f with which b he h.- va WIl P l plied when wU-n the m- m ting J place nh and V he o was fO rn rc to 0 yo un or er o mattott o. o which l I iw thought slit night beof bo be booC oC of value e Dont Donl U late tor torto ln to 1 tn a 4 wi r n t r k tan o R MR- MR ra t bt ll 1 faw y t 1 r bo 0 ll lit f 1 d nto t of tin q n Si ut Ii j tr I J iK t l J u ort n In n cast er r tr and lh r.- r. wl b Jl u tl c. c tc to sell ell KOI till nil the tho that thai will P. P 1 I d used are The only reason tJi the re 8 nr re I not haying copper h r te because they flu cant can't S get gel l the n mone to tn carry y out on- on IKes which art art- nee needed lc-d. lc I here Ther r 1111 I Is not t enough noush money n to h nil Anti of tin the country ou y on the the- bu business bulno s I is not confined to 10 this the country countr The situation I Is it- the s in of oC countries w rho fhe supply I J European channels channels chan chan- Slowing flowing through regular money with increased 1 kept pace paco has not nels tes and expansion of or Industries business of or copper are ar Tine The large producers in lit curtailing doing the tight right thinS thing o ei over o production Farmers th the country anti and when the money monc aro prosperous of or the the movement mo tied lied iii in now up tip crops gets sets back In Into other I enormous channels channel it at will Il bo be available a again forthe for tor forthe outer other pur pur- needs of or Industrials and the necessaries sarIes as of such fluch poses oSes Buying n the will b be resumed nn and copper opper we are arc now passing be rl righted will soon gracefully side sidestepped Guggenheim Mr Jr Gu the po possibility to Illusion an st stepped pp any of or trusts might have e that shat had lad an nn prosecutions Influence In bringing about the thu tI tightness of money of or ofa the till approach all know knot that W Ve Ile campaign ct Is marked b by a t. t presidential generally recession secession in bu business matters should and It would not be surprising ur to ben boon be bo beon is 11 soon fact that a campaign tIll the the resuming of oC a at activity tI lly to on n delay dalny line extent that has hos beer eer thi the last year veal or two But Bul re recessions rc- rc within good Dd thing We are in inclined inclined in- in cessions are arc a n g e fast Cast In this too loo to lo going to lo get it Is well to occasionally country countr and antI full tuB come to a set th the brakes possibly basis basl and then iben start on a n new w stoP slop magnate nato brought th the smelter smeller ma This law of ot the trust anti to a 0 discussion Trust Anti l Lett La w Too Drastic Drastic- should be repealed re repealed te re- law The Tho Sherman that dont don't mean he hc said ald I lor 1 pealed regulating there should X be e no law lute in restraint of oC trade combinations law Is 18 too loo drastic but the Sherman occasions 0 as In the c case o of are arc There production over or temporary tempOral tho the of copper when under consumption to Tc restrict production combinations advantage of ot trade trado ar are arc to 10 the distinct In Get Germany many the one and Injure no that it would be fact Is r compel those thoo en engaged engaged engaged en- en pt to to folly tollY In industry to In ha an an particular themselves into bankruptcy produce liberal law than the tho We Vo need n a more which w oulu drive 0 al almost almost almost al- al law Sherman of lu business ln 8 If It out most everyone crono enforced J. J were Smelting Refining t g The American asked producers of oC has hns nol not company of ore to limit their 1 production kind any expect to do so lion tion and amI we dont don't that thatIs of or tIm th product all Wo Vo ar are taking when there I Ino is ci Naturally Is the prices for or the metal no market will in my an and down must go curtailment result In nt opinion bring about the t le- le e of or production Uon to V. V i ishall autama automatically cally legal legal- Jc legally shall do da e everything th tit Uh t u t we eau can an up W Yi j have havo large ly h. do to keep cp in prices this country and tho investment the country coun moans mI m- m I out our of or prosperity We Yc shall shaH continue UC lo to push prosperity t antI and andin the nH new s-lne s hr nt at ht Ely ly work ork on of oC our Q mines there pur in tho the t development f Utah Coppers Copper's vp operations VAs As metal the the 1 of pending unprepared to say ay anything anything any any- situation I am It hI Is a u pro this time at thing of ot marketing HH its now and tho the matter must be taken Into inte consideration product know that Its policy tion and I do not Continued on I Pace Inge Two T 1 tJ t- t J f. f t sa I 1 I FINANCIAL SKIES WILL VILL i CLEAR SAYS GUGGENHEIM I. I Con Continued II Cc I from l' l One tom for the tue immediate future b ha lia been f en en- I I settled Will III l 1 u 1111 h cv Work Vork OI I The Chic work of or enlarging enlarging- th the capacity of the lie Garfield smelter will he be c carried on as aR orl originally planned Its present J Jon capacity of or from from frum 2601 oo to tons ton I a L lay day will be he doubled This ThIR I tIm thin think I is 15 the best refutation that could coult be made of the lie circulated in the east eal that the lie E new plant is not a u sue set Ci cess S- S There have o Pr b l ly been some ome slight to overcome o as no there are ure In R getting all new plants In Iii operation ope ope- ration but hut the tiie plant Is doing doing- the work U it was wa Intended Nl to do and It I is a u. pay mv- paying Ing Ing- Institution I |