The Elk Mountain pilot., 1899-07-11

three members of the board Governor
Grant and Attorney Henry Cohen for
lae smeIJermen were the five who at
tended the conference, which occurred
during n recess of the board and lasted
an hour. The conditional agreement is
said to be the result of a desire by
governor Grant to show that he Is
just as anxious for settlement as the
smeltermen. The agreement is, 1t is
said, to submit the wage scale to the
adjustment of the arbitration board.
The condition is that President Nash
of the American Smelling and Refining
Company shall agree to such a course.
President Nash so far has been under
stood to be opposed to any outside in
reference
So far as heard from there will be
five pyritic furnaces, with n total ca
pacity of 1000 tons per day, erected
this season, without including the for
ty-ton furnace in Chaffee county,
which some one saSs is to he built. One
of these viii be in Leadville, one in
Gilpin county, one at Kokomo, and one
at the Sedalia mine, in Chaffee county.
The fifth is to be erected at Tomichi,
Gunnison county, by the Granite Noun
tain Gold Mining Company, which it is
said has developed world of low
grade sulphide ores through Its long
tunnel, which assures n constant sup
ply of ore for the smelter. Ground has
been broken for the foundation and it
is reported that the furnace will be
completed ready for operation before
snow flies. 1t has been thought by some
that the erection of so many pyritic
furnaces would have an unfavorable
effect upon the general smelters, and
therefore an experienced smelterer was
asked what would be the effect upon
existing smelters of the multiplication
of this class of furnaces. I'VE could
not ask for anything better for u.s."
was the reply, than to have pyritic
smelters erected at every crossroads,
for the matte would haze to come to
us and the iron contained is n desirable
smelling product. This class of fur
naces treats ores that cannot be han
died at profit by the regular smelters,
so that the matte we get from them is
n net gain and is very desirable, as it
is destitute of silica and gives us n
very comfortable excess OF iron. We
are always glad to get concentrates
from which the silica has been elm
mated, and pyritic smelling is simply
another form of concentration"
According to statistics gathered by
j
Moses Hallett of the United States
court in this city, it is shown that there
are 10,7T3 corporations on the books of
the state. Deducting the odd number
for expiration by Limitation, the secre-
tary says there are 10000 corporations
doing business within the state with
out paying one cent to the state for
that privilege. In many of the eastern
states the corporations are taxed from
$40 to S25 annually and not one in
stance has ever been recorded against
the payment of the tax excepting in
the case OF the Standard OIL Company
against the state of Pennsylvania, and
1t is generally known that that vast
trust opposes every tax, no Innfter
how just 1t may be. Judge Hallett Is
making n study of the business of cor
porations within the state for his per-
sonal information and requested The
figures so that he may be posted on
the subject. Secretary Beckwith has
adopted the system of notifying each
corporation as its life expires that IL 1t
cares to resume 1t may do so within
year under the new law by the pay
ment of the regular incorporation fee
now charged for original filing. He
hopes in that way 30 bring iuto the
state treasury n revenue that has other
wise been permitted to lapse. II hope
to bring the revenues of the Office up
to 100000 for the two years OF my
term" said the secretary yesterda.'.
land while there can be little soliciting
of business, l intend to do as much ms
1t is possible. If the Legislature would
but tax each one of these corporations
annually there would never he ne
cessity for an extra session. which |
strongly oppose, no matter what may
be the emergency"
The United States branch, mint in
this city. for the fiscal year just ended.
reports the largest sum total OF gold
receipts In the annals of the ,nstitu-
ton. For the twelve months the goll
received and paid for at this mint foots
up sd 144.24 compared with SIG, ,240-
441.93 in the fiscal year ending June
30. 1898, which was period of excep-
tional activity in mining for gold and
in metallurgical improvements, the
latter being responsible for at least
one-third of the gain. The increase
in this fiscal year compared with It's
immediate predecessor, reads $4,9O3,-
I95.O7, or 3O.2 per cent, about equiva.
lent to South Africa's wonderful guiu
in the first five months of the present
year, compared with the correspond
that Colorado. taken as gold produc-
ing district, stands close to the front.
with the promise of even more rapid
gains in the near future, as gold
strikes are of daily occurrence in all
parts of the state while placer mining
with dredges has but just commenced.
For the month of June the mint pay-
ments foot up S1,256,0SS12, compared
with $1,15S, 247.43 in June. 1898. The
gain reads $97. .S40.69, or in excess of
s per cent. For the calendar year 1898
the Denver mint paid out $50, ,167,-
973.72 for gold and SOS, 021 80 for silver,
making $50, 195, 1864 all told. This
was the next largest total to the one
herein reported for the fiscal year
ending To-day OF this fipura SO