Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1900-07-10
SHELTER PROPOSITION.
A, J, Frank Submits a Very lmpOr-
tant Letter on the Subject,
COMMERCIAL CLUB MEETING TONIGHT.


the subject, giving the details Of the
proposition, was received by the sec
rotary OF the club:
Albuquerque, July ), 1900.
"Mr. Pr McCanna, Secretary Of the
Commercial club. Albuquerque. N. NJ.
Dear Sir-Referring to your letter OF
recent date and to several letters from
Mr.. Saint. chairman of your committee
on mines and mining. relative TO the
locating OF a smelter plant at Albu-
quer. | think. perhaps. the better way
TO DO, In order that the proposition.
which has been before YOU board of
directors, may be- acted upon intelli-
gently. will be for me to put ii in the
form Of "a direct proposition TO the cit
liens of Albuquerque through your
commercial organization.
Briefly stated, myself and associates
have determined VI on building a smell
ter somewhere In the southwest, and
we have the capital to build the plant
and TO provide the funds necessary to
keep up the stock of ores and other
material which would be required. 1t
Is our purpose to begin with, to build
"a smelter of the capacity of not less
than 200 o n per day. Our present
plan is to construct a plant practically
according to the detailed specifications
az shown by original specifications of
date Of May 20. 1900. from the Colo
rado Iron Works. of Denver. Colo, a
tissue copy of which Is attached to this
proposition, and marked Exhibit A."
!; will b. understood, OF course, that,
..Eu- 49,. sI. N.f..lt. .As.n "A, INwh4IIf
A, there will be between one hundred
thousand and W. hundred thousand
brick and such other building material
required. all OF which 1t is IA inten-
ton to pay cash for.
We are ready to sign a contract
with the Colorado Iron Works COM
pany, above referred to, or with some
Other reliable machinery company. to
supply the necessary machinery fOr
such IA plant, and are only waiting 10
determine upon the point of location
and the question of having the good
will and hearty support of the citizens
at the point OF location.
1T Is our belief tina the latter IL best
secured by having the cgdzens inter
csted directly with us, and after consid-
cr1ng various locations It Is our Inn
preston that Albuquerque offers suit.
able conditions for the location OF ouf
plant, and, for myself and ON the part
OF my associates, l desire 10 propose
to your citizens, through the CONNER
cial club. that we wall locate at Albu-
qucrque providing that the citizens feel
sufficient interest to join with US and
subscribe for a portion Of our capital
stock. which capital stock will be 81.
100000. one-tenth OF which We offer to
your citizens at nifty cents on the dol
lar. although 1t is u firm belief that
within a year after our plant Is In
Operation the stock will be worth par
ana, therefore. II your commercial or-
sanitation will appoint a committee u
take up this subject directly with the
citizens Of Albuquerque and secure
subscriptions wherein the subscribers
agree to pay $4,000 for 500. 900 of fully
paid up and worcestershire stock vi
the capitalization of 81, 000. 900, no por
ton OF which subscriptions To be paiC
for by your citizens until a plant sim
liar to and practically the same IA
herein described shall have been bull
pl kibuiAlo NAAilAi WV HlAitS VI wv
city limits Of Albuquerque. fully com
pleted and ready o blow in. We vii
locate at Albuquerque. The heiding'
to the proposed subscription lists arr
u contain conditions as to payment
as st forth in this proposition.
THAT your citizens may have som
realization OF the magnitude OF sucl
works as contemplated, NJ will not b
out of place L call attention to SOM
of the requirements for such "a plan
and to some of uhe benefits whicl
would result To a community from hav
ing such a plant located In its midsi
In order to operate such works It wi
be necessary for our smelling compan
u have a capital sufficient TO carry o
it, operation under all conditions like
ly arise, and, therefore, after tn
works are completed and ready to b
blown in. II working capital Will be re
qLired sufficient to provide two hun
dred o m of ore per day, which ma
be estimated approximately, at a Va
uation of $50 per ton. and to meet sue
contingencies rs washouts, railroad o
mining strikes, or "A shutdown aTisin
from any cause, as well as to be /
position to take all ores OF commercis
-, value that may be offered (thereb
creating at Albuquerque a liked an
-, reliable market for the ores of IN
d southwest); IL will be necessary at a
times 10 be prepared to have on hand
sixty days supply of ore, which woul
be $4,000 tons. with am a~pproximat
money value tied up therein OF $3.50, O0
which, added 10 the cost OF the plan
will require "A cash investment approx
mating $500, 900. The pay roll can l
safely estimated at $500 per day, ~
: from the outset. when in full opera
4 ton. there Will be required two shift
: % men OF approximately 20 each; mort
: over, We have investigated this sui
. ject sufficiently 10 believe that thei
viii be an ore supply not only sufiicieI
fOr the plant in question, but suficiei
t. likely require an charging Of n
plant, and il the supply shall be sue
as 10 warrant the building OF a refinel
r. at albuquerque in connection with II
10 smelling plant (and 1t is u belief
A. wilD II Is our intention 70 to do.
IL Having already secured all the ca
a. ital necessary TO put the foregoiI
plans into operation. and desiring
have a representative OF the machine
, company which may finally secure ol
~ contract to be upon the grounds
- quickly as possible for the purpose
= making the necesasar yexaminauon, 70
~ mulating plans of building. etc, l d
% sire to have the acceptance or Teje
ton OF this proposition from your "a
= gems al the earliest possible date.
Very truly youIs,
~ "A. J.. FRANK.
," A. seen from The date Of the lett
Mr.. Frank was IN Albuquerque VIII
E thu letter was written, lie is still he
and. Of course, Will attend the meeti
me- tonight. Let the members OF the cl
be present.
'
trightful Biundsr.
les WIN often cause a horrible Blu
lhe Scald, Cut or Bruise. Bucklen's A
VA, Mica Salye. the best ia the world, v