The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-02

Eugene Angert. St. Louis attorney. yes
terday took up options for the Whitney
Ryan-Rogers Syndicate Of New York on
lead lands in st. Francois County. Missouri
covering about seven miles along tie Big
and Flat rivers. including about 5000 acres.
and making an investment of 100000.
Part of the property is what is known
MS the Irondale Lead Company fields and the
remainder Is the property formerly con-
trolled by the River Valley Lead Company
A Republic reporter talked with Mr.. An
CERT over a ong-distance telephone last
night and he said:
This property will eventually pass into
the hands Of q combination that has been
formed by the NEUTRALITY-SUSPICIOUS. Syn
dicate and the Guggenheim Brothers Of
New York.
The Guggenheim Bros. control the Amer
lean Smelling and Refining Company.
known as the Smelling Trust. The Union
Lead and Oil Company was organized by
the Whitney-Ryan Syndicate for the manu-
facture of white lead. Mr.. Rogers. Mr.. An
CERT says represents the Standard Oil Com
pany. which is largely interested in the Ma
tional Lead Company.
There are about $500 acres Of the IRON
dale property. Four hundred acres on the
Flat River. adjoining the property Of the
Desloge Lead Company, brought about sou
an acre. Options have been held on this
property and the other property sold for
about two years: George W. Cole Of Farm. p.
probably will make more than $4,000 for
his part IN the deal. The Deslose property
g bs eeea 70 De the
WILL TAKE UP
MORE OPTIONS TO-DAY.
Mr.. Angert will finish the work Of taking
up all the options involved to-day. He prob
ably will return to st. Louis Thursday. He
chase Of the options for almost eight
months.
OF any plans Of the syndicate t.. secure
eastern Missouri. he says says he knows w abso-
lutely nothing. Among the hol 1e.s OF prep
erty who benefited by the sale are Al
zn Rlce joseph f Ree kobinsen
ence Wigger. B. Cowan, J: W: Hunt. Ioh!:
s hnn James sm Ma,le: JED M III w HI
Helms and Messrs. Mccormiex. Jorasn.
Barnicle and Mclaughlin.
HOW THE SYNDICATE
WILL OPERATE.
A SPECIAL dispatch to The Republic from
says: "OfIicia, announcement was made to-
day Of the completion Of an immense lead
cSmnin at having sapsaii5ation Of
put Of the lead fields in Southwestern Mis-
| souri,. In the consolidation. which has not
as yet taken corporate shape, will be In
Exploration Company. the Standard OIL lead
mines, the Whitney-Ryan holdings those Of
the Union Lead and OIL Company and the
Electric Storage Battery Company. and
rnfUao nyvnod " Grant Erh1ov If this
city.
The final terms Of the deal were arranged
last week and the scheme now rests in The
Of and IL MhS @
The formation Of this immense combination
is due to the efforts Of Daniel Gusgen-
Whitney. 0 aeeordinF 70 estimates nn made By
one Of the interested parties, the output ct
the projected company will be from 65.0c0
SSi inherent Concerns mentioned win be-
consolidated into one company. which. in
turn, will be managed by the Guggenheim
Germ formed year and a half ago with
a capital stock Of $4,000 In this COM
pany are very prominent banking interests
combination will have very close connec-
lions in the foreign markets The explo:-
alton mp .aa eds snd these
will be pooled with the others In the gen.
eral combination.
MILLIONS TO Be
SPENT ON WORKS.
"In the onlcial announcement Il Is stated
that the proposed company will construct
emelters, Commentators and reflners adj
1acent to the various properties which will
invol the expenditure of millions. OF dol.
| lars. Denial Is made of the assertion that
the new company will be operated in COM
petition with the American Smelling and
Refining Company. The statement Is made
that the two companies will not be compel
tive in any way. as each Is distinct en-
terprise.