Fergus County argus., 1890-08-14

A Great Corporation to Control the Helena
and Great Falls Smelters.
Helena independently

lueietfa ihueibefiteht.
As an outcome of negotiations that
have been pending for some time, it
may he authoritatively announced
that arrangements have been com
completed whereby the Helena and
the Great Falls snelters and the Chi
cagO Refining works all pass under the
control OF a new corporation, the
Union Smelling and Refining company
The consolidation of these interests
means not only union OF the capital
Of the old companies, but the Access
sion Of new capitalists to the business,
thus forming probably the strongest
corporation engaged in the smelling
industry in the United States. The
Union company will have a capital
stock of four million dollars, which
will be increased rs may be rendered
necessary with the extention of its
business. The money at the back Of
the new company is practically un-
limited, as the names of some Of the
leading stockholders would indicate.
Among them are the Seligmans, Abram
$. Hewitt, Edward Cooper, Walter S.
Gurnee and others, of New York and
other eastern cities. and Ex-Governor
Hauser. A. j. Seligman and other
Montana capitalist, who have held
large interests in the Helena works.
The president of the new company il
w. s. Gurnee, OF New York, with o. X.
Allen as vice-president and Harry
Child as manager. Mr.. Allen is to
have especial charge of the Helena
smelter and Mr.. Child will be in charge
of that at Great Falls.
All the conditions attending the new
arrangement are most favorable. The
new company takes hold with the
backing and cooperation OF the rail-
roads. Mr.. Oakes and the manage
msnt OF the Northern Pacific have
generously made all the desired revis-
ions OF tariff schedules so as to put
the smelling business in Montana be.
yond the danger of injury from COM
petition from Colorado or anywhere
else. MIR. Hill on the part of the Great
Northern company has promptly put
that corporation in full accord with
the smelling interests of the state and
will push his lines into the Neihart
and Barker districts. Thus the
smeiters begin work under more favor
able arrangements than have ever
before existed and with an under
standing with the transportation com
panies that insures continuous and
increasing business.
FIX Gov. Hauser. who has success
fully conducted the negotiations that
have led to this union OF iterests when
asked regarding the matter last night
said: "Yes, the thing is practically
There is a complete
understanding all around. The prop
erty OF the Helena and ureat Fails
smeltcrs has been turned over to the
new company, subject, of course, to
the ratification OF our action at the
next meeting of the stockholders,
which J haveno doubt will be promptly
secured. for everybody can STE the
great benefit that Will acGrue to the
mining interests of this state from the
uI.,on OF interests we have effected"
How soon will our smeiter he under
operation
AT once. We telegraphed an order
yesterday to Courd Alene for thous-
One condition on which We
secured such favorable concessions
from the Northern Pacific company
was that we should keep the Helena
works running at their full capacity
and continuously. That we intend
to do. We shall be able to do it, too,
in competition with the smclters OF
any other part OF the country, and we
shall be Independent of the lead trust
which has worked against the miners
by keeping prices down in the interest
OF the white lead manufacturers.
The members OF our company are all
large investors in mines and cOnse-
quently their interests and those of
the miners are identical. our company
is now in shape to contribute materi-
ally to the development of the mining
industry OF all this region. 1t will
bring in new capital, afford employ
ment for large additional force OF
laborers, make times active with the
miners and business briskerin Helena.
The smelling interests OF Montana
are, in my opinion, now beyond ieop-
ardy, and will see IA rapid and healthy
growth"