The daily sentinel., 1902-01-22
ABOUT THE SHELTER.
A Few Facts Are Submitted to
the People.
To the Public:

To the Public:
1t seems that the propo
stion made by the Loder Reduction
company to erect smelling plant near
this city IL somewhat misunderstood by
certain persons and newspapers, there
fore will state for the information Of
all just how far the proposition is ad
vanced, and show in some respects what
a smelter will do for our community.
The company asked for exemption
from taxes for five years. Now in most
of the New England states where small
town or community can secure the locat-
ion of factory or manufacturing enter
prise, it is rulable 10 grant auch rebate
as one of tho Inducements, and in New
Hampshire the exemption covers n
period OF ten years. II under our Colo
lado laws it cannot be done,o ,ou: company
will waive the point. and also the matter
of free water, as we will undoubtedly put
in our own pumping plant. The donat
ion OF coal has already been taken care
OF by public spirited taxpayer of Mesa
county. no thanks to knocker "Donator,"
who is not content to "knock" verbally,
but must needs rush into print to do it
more effectively.
The matter of freight rates ls, think,
about settled, and in a manner most
satisfactory to US: for we have had ex-
pressions from both roads that they will
do all in their power to assist in the To-
cation OF smelter at this point.
Regarding the ore supply, can state
that we will make that examination at
our own expense and the people here are
not asked to put up one dollar towards
it or guarantee single ton OF ore.
But the people Of this city are asked to
donate a site for the plant and to sub
scribe for some Of the stock. Now, as to
the stock, will agree with any purchas
or of it to sell his stock four months after
per cent, or forfeit the Is per cent. So
that il the people Ut Grand Junction
cannot donate site and subscribe for
the small amount OF stock mentioned, it
will show that they do not want a
smelter.
This plant will cost not less than
100000 when completed and ready to
run, and It's capacity will be 200 tons per
day, and il one stops to figure it can
readily be seen what amount Of money
will pass through the local banks. Say
that the smelter treats $50 ore, 200 tons
4 day; that means %, 600 day, s42, 600 a
week or a grand total of $2,16O,OO0 a
year. We all know that a certain per
cent. of that money will remain in this
city and 1t will bring the city into closer
association and business relations with
the neighboring mountain towns. Peo-
pie Of those towns who now have no call
to come here will visit us and q great
| many OF them will remove to our city
and buy homes The plant will give a
large force of men steady employment;
the banks will have not less than $780,
900 additional deposits at all times.
have worked hard with the management
OF the Loder company to have this city
considered favorably as smelter point,
and shall soon call a meeting at which
the people may consider the proposition
You may accept or reject. 1t is for tbs
people to say whether they want a smell
ter or not, as there are other places
which do want it. The Loder company
has the money ready to proceed in this
enterprise as soon as matters at this end
are in a satisfactory shape.
One more point; it has been charged
that the proposed smelter is or will be in
the trust. This is 81 eat mistake which
l wish to correct in positive terms. II
10 an independent company. Trusting
will have the assistance of the people OF
the city to secure this valuable plant
am,
Respectfully.
/ James v. Howard.