Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1901-05-11
THE sMELTER TRUST.
It Promises TO Aid Miners I'm DeveI
oping Low Grade Ore Properties.

oping Low Grade Ore Properties.
The Salt Lake Herald Of May 3 con
tains special dispatch dated New
York, May 2, in which it is stated thaf
Simon Guggenheim OF the executive
board of the American Smelling &
Refining Company asserted that the
capacity Of every smelter owned by
the trust would be increased and all the
plants would be modernized. He also
said efforts would be made to treat 9
larger amount Of low grade ores, and
the trust will aid miners in developins
this class Of properties.
The Herald, commenting on the fore
going, says:
The smelter trust, according to ltd
officials is preparing to inaugurate @
policy that will result in great advsn-
tsge to the owners OF mines producing
low grade ores. The plan, as stated
by one official, is to adopt graduated
scale of treatment charges, based in
part upon the value OF the ores, thus
making the high grade product pay in
part the cost Of smelling the low grade
ore. The plan. if carried out, will en-
courage the development and opera
tion of many mines in this State that
have been closed by excessive smelter
charges. 1t is given out by the trust
people that their desire is to increase
the product of all classes Of ores to the
greatest possible extent, realizing that
the greater the tonnage handled the
greater the profits OF the trust.
The plans OF the trust also involve
great reduction in the cost Of smelt-
ing by centralizing the business al
large plants, applying modern methods
and closing down and abandoning the
old and out-of-date smelters.
7. K, Jones. district manager of the
American Smelling & Refining Com
pany, stated that the statements at
tributed to Mr., Guggenheim were un.
doubtedly correct.
"The American Company, (" said Mr..
Jones, "has got the money, and you
may rest assured it is going to do the
business. You may say with respect
to our dealings with mine owners that
our interests are in common. We are
preparing to treat all classes of ore,
and the capacity OF all the company's
plants will be enlarged and remodeled
to meet the demands that will be
made upon them. To encourage pro-
duction and thus make our business
heavier, the mine owner must be given
a chance to operate at a profit. We
must have the ore to treat in order to
make money ourselves, and l have nc
doubt that we shall be able to arrange
terms that will be mutually advan-
tageous."
Mr.. Jones said it was yet too early
to say just how the problem of treat
ment charges would be worked out
and he did not feel inclined to venture
an opinion on the subject.
Henry Lyme, secretary OF the COM
pany's ore purchasing committee, is
quoted as saying that "the cost Of
treating high grade ores will be in
creased and the rates on low grades
correspondingly decreased. The man
who owns a bonanza will, Of course,
object, but the majority of the miners
will be pleased"
The remark OF Manager Jones that
his company had the money and pro-
posed to do the business, was taken to
mean that it did not propose to let
the business 90 to such competitive
plauts as that Of the Bingham Com
pany.
Not many Of the big companies op-
Grating in Utah but what have con-
tracts in force now that have anywhere
from one to five years to run, SO as far
as they are concerned the change must
come about gradually.
The trust management takes the
credit Of maintaining the price Of
lead, and Manager Jones declared
that there was now q supply on
hand that was probably 10000 tons
in excess of what this country
could consume during the year. II
the support given the market by the
trust was removed, the price, he said,
would fall to So in no time. and many