The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-05-03
SOME DEALS COMPLETED
Hslsna's Enterprising Men Assure
the Building Of 4 Handsome
Club House.
work to 30 Commenced on
smeltcr and the Valley
Road This Week
Eow the CITY I In the East-Tho Pop
ular Broadwater
dsnt McCurdy's visit.

fMA "0W II III NA&e
ular Rroadwater "Addition-Presi-
dent McCurdy's visit.
Daring the past week final arrangements
II 1 number Of enterprises have been com
rlatad. which guarantees the expenditure OF
nall I million dollars in Helena and WON
IN this summer, This is but the beginning
al vhat gives promise of being one OF tho
most successful years Helena has ex-
psrisnced.
One OF these enterprises is the Montana
olnb building, The way in which the en-
tarnrisinc men Of Helena have responded
to the call to put up a building which would
be ! credit both to the club and to the city
shows beyond all question their confidence
in the city and their desire to do all they
possibly can to promote its interests. up
70 Friday night $4,000 had been pledged
Among the heaviest subscribers are X. A.
Harlow, $4,000; C. W. Cannon, $1,000; G.
A. Broadwatsr, $500; s.. T.. Hauser, 5000;
[. G.. Phelps. $1,000; Il. s. Hale, $1,000;
Geo. H. Fill, $4,000.
general meeting of the Montana club
was held last night to consider the matter
of the new building. 1t was found thai OF
the Rte 900 desired. $4,000 was down III this
form of subscriptions. The other $2a,oo
which one of the club members had under
taken to place in the east, he'd not yet been
heard from. This was only for the reason
that there ad not been sufficient time. but
no doubt was expressed IS to the eastern
cnnitaafsts taking the $25,oOo OF bonds
Even if they should not. there are enongh
club members to subscribe for s5ooor $1,000
each to make up the amount. So confident
yves the clubof raising the money that the
board of governors were authorized to ap-
point a building COMMITTEES, winch they
did, The committee is W.. A. thessmar.
N. 6. Bailey, l.. G. Phelps, L. W. Bach, G.
". Cannon and A. j. Seligman.
Another enterprise which will entail
800. 600 is That of the smelter enlargement.
Manager Raht is now looking up the mate
rial to be used in the work, and during
the coming week expects to make a begin
ming. TIL enlargement will consist IN the
putting in of an additional number OF
roasting furnaces. When the srnelter WIS
irst bnilt it was believed that the amount
of sulphide ores which would be receives
for treatment would be much less than mas
proved to be the case. AS 1t Is, a large ma
iority of the Montana ores reGui e roast
iur. and in order to run the works at their
~ u q 49,
be ,sut in. Tt will take a large part of the
summer to complete the work, which Will
give employment to quite a number OF men,
Still another is the Stedman Foundry en-
terprise, which has been taken hold OF by
Messrs. Broadwater and Seligmau, in CON
nection with MIR. Stedman. Much of the
stock in the enterprise has already been
taken, and all that is asked of the well-to-
do business men of Helena, who are int
rested in the advancement of the city. is to
become stockholders in the concern. They
are not asked to give something for
Observation-Disclosures has made
some money operating under diff
~ficulties, it is believed it will make
more with enlarged capital. By placing it
on a basis where 1t can compete with outside
concerns, its success will draw other manu-
factories. Minneapolis has set an example
in the matter of encouraging manufacture s
which is proving successful to a marked de-
gree. Property owners, wholesale and ret%i
merchants and others having interests il
that city formed, some time ago., a bod
known as the Commercial Union. The pla1
yxas to give a bonus, either inland or money
or take stock in any manufacturing enter
prise which showed that it had been in suc
cessful operation anywhere in the Unite
States, the owners of which desired to locat
in or near Minneapolis. But this was no
all. The industries already established ar
aided in the same degree as those whicI
come in. Where a company or q firm sue
c~essfully engaged in the manufacture
business in Minneapolis desires to enlare
its capacity the Commercial Union helps t
increase its capital by subscribing to il
! stock or gives land to put additional build
81 81, 900, 900, and in the past 81
months it has aided no less than fftee
manufacturing enterprises. While it ma
be a question with some as to the desirabi
ity of giving bonuses to any and all ente
prises which may endeavor to establish i
Helena, there is no difference of opinion c
the question of tho d~esirability of an e,
largement of the Stedman works. It is NJ
believed there will be very. great difficult
in getting all the subscriptions to the stol
during the coming week required.
During the week work on the Valley raj
road will be commenced, the last of I'll
survey work in the city being about con
pletsd. The rails are now on the way
Helena, the ties are ready for delivery. an
a force of graders will be at work before I'll
week closes. This means the %expenditul
of a big sun of money and the employmer
of a large number of men.
mo city in the country stands higher
the estimation of eastern capitalists tha
Helena" said F. r. Wallace, of the firm
Wallace g. Thornburg, yesterday. N
Wallace has just returned from a bnsine
visit to New York, and he met many of IL
prominent fnanciers there. IF Heller
people were as loyal to the city as Spokal
men are to their town, there is no telling
what extent we would prosper this yea
The city is not only well, but it is fayorab
known in New York and such men as Ku
sell Sage, and the presidents of the vario'
trust companies, have full faith in the city
soiidity and it's bright future. New York
rapidly nsurpingt the place of London as Il
worlds financial center, according to He
ry Clews. The main cause of the fiuanci
stringency in the United States is the ia
that this country has been carrying EnroI
In consequence rates for money is hight
Whe1e Il year ago western securlti
could be placed at six =
cent, the trust companies nt
demand eight per cent, and where caste
securities could be placed a year ago
four per cent, 81 per cent. is now pa
But Notwithstanding this stringency, flo
cor Eve million dollars are ready to
nlaced in Helena, inc If our own peol
will but show their confidence IN the C
and state, the most of this will be invest
this year. Not only are we known in \
York, but in the south. among the money
men, no western city stands SO high. 4.
summer we will have a number of prol
nent visitors from that section. ] nc
from st. Paul to Helena with the ket
Fajla axcursioniSts. These peODle are