, 1873-05-30
WHY MOTT
Shall Chicago Go Into tho Silver
Smelling Business? +?
To It Necessary to Send Our Orc to
Wales to Hayo It Reduced?
Tho Subject Discussed at the Pacific
Hotel Last Eyoning.

4 largo number Of influential ottizons md cap-
italBta assembled In tho cub-room Of tho Grand
Pacific 11otol, last ovoning, in response to cali
Addressed to all who tako M interest in tho well
faro Of Chicago. Ovrin d. Moore callod tho
mooting to ordor, aud sa{d lo had beon doing
what ho could to Impress upon n few pooplo III
this city tho Importance Of nlating Chicago q
mineral market. If 1t was faot that 81 0o0, 900
year WAS produced at tho 1nnos in tho West,
IT aoomod but proper that Chioago should hayo
sono Of II, and not allow tho ores to 10 Eaat and
to Walcs to bo smoltod. 1Io had no money to
inYoBt in tho business waB not identified will,
any clique or working to further tho planB Of
any ono but, ns citizon Of Ohicago, ho de-
slrod to sec her business increased, md horo
was m opportunity to crcato now market III
tliB city, Which would add materially to her
prestfge.
President, and Oapt. nosB Mason, Secretary.
J.. Mr. Moore submitted tho following resolutions
Resolved, Tint tho successful enterprise Of Chicago
y duo largely to tho cooporaion md unity of spirit
to halp develop my worthy object Of pubc in!Srost
Resoeed Tint ohlcago b ita location ao4li @ com. m
tue o m 1a t1s 10 Of t Shd 1s h o
the great market for ron svor and lead, as Il is now
for lumber grain. and cattc and equally profitable
to establish large syor smelling nnd refining works
III Uhicago and tint tho busucss 10 Invited to
Resolved Tint ~ Executive Committee Of twcnty-ono
be appointed BY thts meeting to opon books Of snb-
ae11rtion for e such r,lrpose;
Resolred, That no subscriptions DO binding until
$20o, ,00o Is subscribed.
Ex-Iient.-dov. Dross was callod for, and, in
roaponeo, gavo an account Of tho mines Of Utah
und Colorado. He aaw no roasou why Chicago
should not gset all THO orc taken from them to
sait Lake o,ty t1SS BY raisoaas Void msSo
many rich mines available. Railroads
woro now constructing there, and ore
could bc lad in unlimited quantity.
COZ could ; ap;preciato tho estons . Of tho mnerabods
In TINT section, and all over tho Western conn-
try. Everything necessary to carry on tho
smelling business successfully could be lad III
Chicngo, and ho had no doubt, it the business
there we're cart-loals of money III it. Chicago
should control the business. 1at ello could do it,
no ono for moment could doubt, having bettor
facilities thsn Newark, n. j., or any other place
in tho world.
hlr. AlcCarty, of tho American Bureau Of
Mines, gave d bliof description Of tho nines in
Arkansas, Toxas, and Now Mexico. Tho oros
there yielded from s60 to 81, 900 ton, aud he had
specimens which assayod $4,000. All theso mines,
with little energy, could DO made tributary to
enterprise of the people hero that they would
tako hold Of tho business and carry it OIL s,lc-
oessfuUy.
n1r. Adam Smith, ono Of tue propEiotors Of tho
Swanson Smelling Works Of Chicago, who had
been In tho business for two years and a half,
nlado detailed statement Of tho mode Of smolt-
ing ore. There was money III it, but largo
capital Sas roquircd-fully 3500O00 to carry tic
business ~ It ehouI bo carried on. Eco1lo1ny
md houosty Scro essontial IN tho departments,
but tho process lad bcou 40 gygtomatiZod in his
works that very lttlo of the metals abstracted,
either baso or precious, WAS lost. Ho thought
ono large corporation WIS better than hnlf q
dozen small ones. Money could bo sunk fasker
In the smelling business thani my otlae,; hence
to compass eyory emergency q largo amount Of
capital must DO available at all timos. Tho bus-
incas muat centre somewhere before long, either
in Chicago or st. Louis aud houco lie tloBirod to
800 this city ma1e tho chief market OF tho
world.
After few favorable ronlarks by tho Hon. J.
4. Doolittlo, the resolutions were adopted, and
the following named geutlemon appoiutod ns
tho Executive Committee N. 3. 3souton,
4. O.. Heaing,, Jamos E. Tyler, William
=. nollo, II. droonebauu, Matthew Latin,
Howard priostly, II. Z. Crane. D. w. Whittlo,
". K. Nixon, Prof. J. Y. q. Dlamey, Z. 8. Pike,
Frod. Gould, Charles Crane, William N. Mayo,
Conrad Furst, A. &. Van Schaaol, Grange 5ard,
Jr., Ed. Mc0uat!e, n. Jaeger, Adam Smith.
Tho meeting then adjourned.