Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1897-12-02
MAY PRODUCE GOLD.
Furnaces Started to Convert Anti
mony into Refined Gold.
NEW SEWER PIPE TRUST FORMED.
T. Pierpont Morgan At the Head Of an In.
menae SyadIcats-The British hi.
metallic League Issues q
Manifesto.

CHICAGO, Nov. Sat the furnaces
OF the National Metallurgical com.
pany the process of making gold from
the baser metals has begun in earnest.
The process is conducted with the
greatest secrecy. Since Monday no
one. not even the stockholders Of the
company, have been admitted to the
place. Only the black smoke that
pours increasingly from the furnaces
OF the company indicates that the
work is going steadily on. No one can
see or speak with Il. c. Brice, who
claims to have discovered the process
OF manufacture. He has not left the
furnaces, neither fls he slept since
Saturday night Day and night he
may DO seen pale and silent. moving
about the premises. Sometimes he
takes the place Of the stokers and ia
seen heaving coal into the furnaces. AT
other times he comes into the office to
make an assay to determine if the
work is proceeding properly. BY
Saturday the experiment will be at an
end. If Brice's calculations are cor
rect he will be able at that time to
produce $lS, 400 worth Of gold from an
original product Of lead and anthony
worth $3.50. Brice claims that anti.
mony, which is always found in con.
nection with gold. is but baser or
imperfect form Of that metal. It Is In
the work Of converting this baser
metal into refined gold that he is now
engaged. OF the six men who are EN-.
ployed in the works. four of them were
engaged in feeding the furnaces One
other was putting the product of the
compromising room In molds the size
OF brick. When these bricks were
dry they were put in the oven and
roasted. 1t is from this product that
We precious metal is to be obtained.
NEW SEWER PIPE TRUST FORMED.
EAST LIVERPOOL, O., Nov. 24.-The
fact was made known yesterday that
the eastern parties who are backing
the proposed consolidation of all the
sewer pipe manufactures of the coun.
try into gigantic trust are J. ?. Nor
gan a. Co., the New York bank
ers' The company's proposition to
The sewer pipe firms Of the country
must be accepted in 30 days, and
another meeting Of the manufactur.
srs is to be held soon. They are
agreed upon 1t now with the exception
IT two or three. The new company
will be organized on basis OF valua-
lion of the 45 large plants in the coun.
Try, $27,5OO,OOO. J. p. Morgan & Go.
agree to advance $ll, 100000 cash and
10 buy out two-thirds of each plant.
The balance the manufacturers take
n stock In the big company P.
Morgan & Co. will have six of the Is
directors. There will be but one CEN
raj office and orders will be shipped
rom the nearest factory. The saving
n office expenses, cost OF selling and
reight will be 100000 per annum,
nd the selling price is to be raised
efficiently to increase the present out
ut ten per cent. Unless all the 45
rms go into the trust the Morgan
roposition is void
BRITISH BIMETALLTsTs.
LONDON, Nov. 2i.-The Bimetallic
'ague is about to issue q manifesto
efning its position and policy in view !
the results of the recent negotia.
ons between the United States mon.
,ary commission and the British gov
The executive committee of t
lie league is divided on the question I
ratio a portion Of the members fa- =
'ring IS to l5]f to /, while others be- 4
eve that the best policy would be to q
'mmit the movement to ratio an r
the commercial one.
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PLAYERS BADLY INJURED.