The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-05-14

Seattle is to have smelling aud refining
works. The company that will build and
operate the works is already organized,
has the capital ready, and will have its
plant constructed by the time ores can be
shipped here from the rich outlying dis
tricts in the Cascades.
At the head of the enterprise stands Mr..
Frank Brooks, of Leadville, Colo, one of
the best known mining men in the coun-
try, who is now in the city. Mr..
Brooks has for the past eleven
years been engaged in mining at
Leadville and other points in Colorado.
There he has owned, controlled, managed,
operated and developed some of the largest
and richest mines, and has also been at
the head of large reduction works. He is
considered high authority on mines and
all mining matters, and has at his COM
mand large capital. Associated with him
in this enterprise are Colorado and Illinois
gentlemen and several local capitalists.
The company which completed its pre-
liminary organization and filed articles of
incorporation with the county auditor and
secretary of state yesterday, has chosen
the corporate name of "The Seattle Reduc-
ton and Refining Works" The incor-
porators are Frank Brooks, president;
Edward Blewett Frank J.. Leslie, Elihu
Wood and John III. McGraw. The capital
stock of the corporation has been placed at
$4,000 in 5000 shares of Si00 par value
each, and the duration OF the company's
corporate existence is fifty years. The
principal Office and place of business is
fixed at Seattle, although a branch Office
may be established at New York city. The
charter of the company is broad one and
gives it the following powers:
To acquire, build lease, construct, own, pos
sess and operate reduction works, foundries,
rolling mills, collicries, quarries, etc.
To purchase and acquire, gold, silver, lead,
copper aud iron ores and all other mineral ores,
etc.
To engage in the reduction of and to re-
duce and smelt gold, silver, lead, copper and
iron ore and all other mineral ores, etc
To purchase or otherwise acquire manufact-
ured or partly manufactured metals and min
erals, etc.
To manufacture the products of said reduc-
ton and smelling works, etc.
To acquire, take, or lease, or license, own,
possess and to sell, lease or mortgage gold
mines, silver mines, lead mines, iron mines,
copper mines and other Mines etc.
To develop and operate the several properties
and classes of properties hereinbeiore men
toned, to acquire, build, construct, lease, own
and possess the works, plants, machinery, roll
ing stock and apparatus necessary or useful in
the development OF said property and enjoy
ment thereof, etc.
To construct, purchase, own, equip and operate
powers and buildings, works and machinery for
the generation of motive power for the use of
manufactures and factories, and to furnish
such power for compensation to any other cor
poration, partnership or person, etc.
To purchase hold and possess real property in
the state OF Washington and elsewhere, to sell
and convey. TO borrow or raise money, to invest
money of: said corporation upon such securi-
ties. etc.
President Brooks was seen at the Rainier
hotel yesterday by reporter who asked
him concerning the plans of the company.
Mr.. Brooks was quite willing that the
public should know what has been de-
cided upon, although plans have not yet
given
1.-The purpose of our company is to build
smelling and refining works at Seattle"
replied President Brooks to the query of
the reporter. when l say that we shall
build works here | mean that we shall
build them right away. Our company is
already organized, as you know from the
of i
TO so ahead with the works. Just when
we will commence the actual work of con-
struction am not prepared to say, but it
will be in the near future"
You have doubtless examined into the
mineral resources of this section and know
OF their extent and character"
Il have been in the Cascade range sew
eral weeks and have paid particular atten-
ton TO the Silver creek district. ] find
that the mountains there are belted with
mineral veins, rich in lead, and carrying
generally big values, so far as exposed. in
gold and silver. So far the work done in
the mines has been by the expenditure of
muscle rather than by capital but the
time has come for the rapid development
of the mines of this district, and the
amelter which is to he built here will
cause capital TO do its share of
the work in bringing ont the hidden
treasures. The principal need of the Sill
yer creek district-of which | speak par
ticularly, because my closest observation
has been made there's means of trans
portation. There is now no way of getting
in and out but by trail, which | found in
horrible condition, but learn that steps
are being taken toward building wagon
road in from Sultan City, which can now
be reached by paSsable road from Sno-
homish, which is on both tidewater
snd the railroad. This road will
need repairs for the heavy traffic
that it viii be used for; but the cost of
building good wagon roads into such a
rich country will not be considered when
its wonderful resources are about TO be
developed. The great need of that coun-
try. however, is a railroad right into the
district, and l have no hesitancy in say
ing that il viii be built. You ask me why
l can say this? One answer / can give 10
this question is that the country will
acter of the veins already exposed
Will Justify the building of a
line there now as paying rail-
road property. In fact railroads are
already preparing 70 build in there. During
my recent visit I met a locating corps of