The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-03-05
It LOOKS LIKE FAILURE.
The Copper Plant on the Ragged
Edge of Uncertainty.
MIR. GREEN'S ULTIMATUM.
1t VIII Cost S5O0,OO0, But He Won
Sign a Bond.
His Letter to Colonel Estes Withheld
From the Public--The Problem the
Trustees viii Try to Solve
Deep Creek Suggestions.

Yesterday was a day of suspense for the
people of Salt Lake and the tension will
not be relieved until tomorrow afternoon
at o. CLOCK. The fate of the copper plant
still hangs in the balance, with decided
tendency to oscillate towards the side of
failure.
The developments of the past few days
have created firm impression in the
minds of many Salt Lake people that MI.
Green is playing fast and loose with the
citizens of this city, and the events of
yesterday have decided tendency to
strengthen that belief.
As announced in yesterdays HERALD,
what Mr.. Green was pleased to term his
''final decision, - was transmitted to his
associate, Colonel Estes, by mail. The let
ter arrived yesterday, but Colonel Estes
declined to give its contents to the pub
lie, claiming that it contained matters OF
a personal nature, the publication OF
which would be improper. Mr.. Terry
was permitted to read the letter, how
ever, as were others of the trustees who
stated that it was to the effect that
Mr.. Green would not bind himself by
bond to erect a plant of any stipulated
cost While his works would cost the sum
originally stated by him he could not
furnish bond without allowing the
trustees all opportunity to examine the
vouchers, and under no circumstances
could he permit this. He regrets that
complications have arisen, is still willing
to fulfill his original contract, etc.
A meeting of the trustees was immedi-
ately called and at p. IN. those genble-
men went into executive session in the
rooms of the Business Mems association
and discussed the matter for over an hour,
Upon adjournment the unexpected an
nouncement was made that it had decided
to give nothing out for publication until
after the whole matter was settled, which
would be tomorrow
DIFFICULT TASK.
It was learned, however, that a sub
purpose of accomplishing the extremely
difficult task of framing contract that
would meet the views of Mr.. Green and
the conditions of the subscriptions. They
were given until 4 O'Clock tomorrow
afternoon to solve this problem.
AS the subscriptions to the fund were
placed on condition that the plant cost
$500, 900, and as Mr.. Green declines to fur
nisb bond that it shall cost that amount
or any amount, 1t is difficult to conceive
how a contract can be framed that will be
mutually satisfactory to Mr.. Green and
the subscribers.
81 hope they will be able to accom-
plish the task, 'said CoIonelDonnellan as
he left the meeting, ''but confess l don't
see how they are to do it.''
When the status of affairs became gen
orally known business men expressed
their minds very freely concerning Mr..
Green IS course. The fact that he, or his
associates, knew from the outset the con-
ditions upon which the subscriptions
were secured, and that he spent several
days in this city examining sites and at
tending to other preliminaries, with full
knowledge of all the time that the trustees
would expect him to furnish a bond, was
brought into prominence, and the convic-
ton seemed borne in on the minds of
those most deeply interested that Mr..
Green was, as S. B. Westerfeld put it,
'tplaying Salt Lake against Denver.''
However, it is needless to anticipate di-
saster, even though the indications seem
to point in that direction, and, as some
of the trustees still appear confident that
everything will be satisfactorily adjusted,
the public will hope for the best until
there are further developments.
MIR. TERRY's CONFIDENCE.
Mr.. Terry, who is close friend of Mr..
Green, was seen by a HERALD reporter
last night. He stated that 1t would not
be proper to make Mr.. Green s letter pub
lie, as it was of personal and contiden-
tial character. The differences that had
been published were overdrawn and in
correct. The principal difficulty was in
regard to the cost of the electrolytical
portion of the plant. This process had
been perfected by Mr.. Stallman after much
travel and years of study, and it
was secret which had to
be jealousy guarded. Mr.. Green
would not consent to give any informa-
ton about this portion of the works. AL
though he was willing to guarantee the
total cost of the plant. 81 am still quite
hopeful that the plant will be secured,
and my confidence may be due in some
measure to my knowledge of and conf
dence in these men. l firmly believe that
the difficulty will be surmounted and that
we will get the plant
COLONEL ESTES COMEDIES.
Colonel Este was found at the Alta
club, and he conceded with Mr.. Terry's
view that the letter should not be made
public. 81 am hopeful, and believe that
Salt Lake will get the plant. AS to the
cost, I am informed by Mr.. Stallman that
he will be agreeably surprised if the cost
does not exceed $500, COO. prefer Salt
Lake to Denver as place of residence,
and my personal desires are all in favor OF
this city. My view of the situation at
this time is that the plant will be erected
here"
DEEP CREEK SUGGESTION.
elf this copper plant is not go,'' said
one OF the trustees at the close of yester-
days meeting, 81 think the subscribers
to that $1OO 900 bonus should allow the
fund to be devoted to building road to
the Deep Creek country. Take that
500, 900, and add to it the $50 acres of
land donated, and that would make
fund of at least $125, 900. Seventyfve
thousand dollars more would insure the
building of a railroad to the Nevada
line, and that would be of more benefit
to Salt Lake city that half dozen of such
copper plants. With 5000, 900 the people
OF Salt Lake could build the road them
selves, or by giving 100000 bonus they
could induce outside capital to build it. -
Many remarks of the same tenor were
heard last evening, and if the copper
plant fails, strong effort will be made
TO devote the fund to the Deep Greek