Omaha daily bee., 1899-03-21

and II is not known when that VIII occur.
He said it was conceded. however, when he
left New York that Mr.. Nash had been
rendered the position. as he was looked
upon as the most available man for the
position. He said that Mr.. Nash had ex-
pressed some doubt as 10 his willingness
to accept the position because it might ne
c~essitate his removal from Omaha for a
couple OF years at least.
Prefers to Remain Here.
rs it not possible that the
company might make some concessions
regarding the location of its headquarters II
Mr.. Nash would accept the presidency
was asked.
Il am unable to say regarding that re-
sponded MI. Crofoot. 81 think that as Omaha
would be an excellent location for the head
quarters of the company, the Offices might be
established here, while the financial end Of
the concern would be located in the east.
This would give Omaha a number of high
salaried officials who would reside here and
whose interests would become identified
with those OF the citizens. l know that Mr..
Nash would prefer TO remain here with his
family and where his interests are so closely
allied with the city. However. this will not
be settled until the directors of the new
company meet, and the date has not been
agreed upon yet"
The new company has control of eleven
plants, which are located in Chicago, Au-
rora, H., Omaha, Kansas City, Durango,
Colo, Great Falls, Mont, Leadville. Colo,
and two in Salt Lake City and Denver re-
spectively. II is said that the purchase
price of these smelters was Sl9, 600. 900, and
that the income last year amounted to
$4,000, 600. The capital stock of the new
company will be sos, 900, 900, one-half Of
which is preferred, and one-half common
stock. Only s54, 900 900 Of the stock is being
issued, it is understood, at this time. The
remaining 81, 600, 600 will be used, it is
claimed, for the purchase of the Guggen-
heimer smelters, which have remained out
side the company, or in the acquiring Of
some OF the Missouri soft lead smelters.
Regarding Mr.. Nash.
Edward w. Nash, the prospective president
of the American Smelling and Refining com
pany, is SO years of age. He was born
in Akron, o. He went from there TO Calves
ton, Tex. where he was chief bookkeeper
and cashier for three years in one of me
large cotton brokerage Establishments. H G
came to Omaha in 1869 and went to work as
a truckman in a levee warehouse. He was a
fine accountant and after one years hard
work accepted a position as bookkeeper in
the Union Pacific headquarters. He did not
remain there long before he was rendered
a position by the Omaha & Grant Smelling
works. The following year he was promoted
to secretary and treasurer. For years he
has invested his savings in the stock of the
company until at the present time he is one
of the largest stockholders. He was
prominently interested in a number of other
enterprises, being a director in the Omaha
National bank. the Omaha Loan and Trust
company and the Omaha Street Railway COM
pany, in which he is a large stakeholder
He has large real estate interests and owns a
number Of business blocks. He is a partner
in the mining and smelling industries il
Velederna, y. NJ, where 1000 men are EN-.
ployed. He is married and has eighr
children, an elegant home having beer
established for their comfort at Thirty eight
and Burt streets.
When the consolidation of the smelling in
~terests was being considered Mr.. Nash was
looked upon as the unanimous choice o.
the interested parties because Of his intimate
association with the smelling industries o
the west and because he was known TO b.
thoroughly posted on the purchase and treat
ment Of ores.