The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-11-05
CUT THIS
STATE OUT
The smeIter Trust Stockholders Have
Abandoned Montana Trip.
HUNTING AT HENRYs LAKE
Edwin Q. Hotter in the Party-What
Mr.. Guggenheimer Says of Mining
Industry and General Views of Mon
tana.

Il. w. NASH, pICSlueuI, anu Odul6I
Guggenheim, chairman of the execu-
tive committee of the American
Smelling & Refining company, and a
party of men interested in the COM
pany, were headed toward Montana a
few dogs ago, but from letter re-
ceived in Helena today it is learned
that they will not come to Montana
When the party left New York it ex-
pected to come to Helena and look
over the plant of the company here,
and its properties elsewhere in the
has been made.
Included in the party is Edwin O..
Hotter of this city, who expects to
leave it in few days and return to
New York. The party has visited
Denver and other Colorado points,
and arrived on Thursday at Salt Lake
city. While there the party accepted
an invitation of S. w. Eccles to go
to his ranch near Henrys lake, in
Idaho, after big game. The party is
I
Lake city Monday. From Salt Lake
the party will return to Denver, and
| from there go to Mexico and back to
New York.
The trip was planned largely for
Harry Payne Whitney, son of former
Secretary of the Navy Whitney
Young Whitney owns one-tenth OF
the stock in the American Smelling
and Refining company. He had never
seen any of the properties in which
he is so heavily interested, and the
trip was in the nature of tour Of
| inspection. Mr.. Whitney and Mr.
Hotter are close friends, and it was
| at Mr. Whitney's invitation that Mr.
Hotter is making the trip as his
guest. Other members of the party
are Solomon and Simon Guggenheim
August R. Meyer, Judd Stewart, Ed
gar L. Newhouse, A. Eilers, Karl Eli
ers, and f. A. Nash, Jr.
Discussing the affairs of the $500,
| 100000 company during the past year
! Mr.. Guggenheim said that approx
mately $3,OO0,000 had been expended
on additional equipment and in i'm
proving the physical condition of thu
company's plant throughout. At Sal
Lake new smelter had been erected
at a cost exceeding $1,000000, while
at Ell Paso, Tex, the smelter has
been practically rebuilt, with not
few hundreds of thousands applie'
to the smelter at Perth Amboy, N. ].
At Leadville and Durango expendi
lures have been quite liberal, AM
while this campaign of improvement
! has encroached upon the earning
they have, nevertheless, and under
steady curtailment in the cost of or
Grafton, been quite satisfactory. Thes
improvements are now gradual
} drawing to an end.
Touching upon the metal marke
: and it's future and the efforts of tn
5 company in behalf of lead, Mr.. Gus
genheim said to his people the ou
look is quite assuring. With the r.
strictions removed from the Coue
d'Alene mines the company is no
settling on a uniform basis, while a.
cepting all that reaches its counter
With the surplus of 100000 tons {
copper, which for so long weighe
upon the copper market, being grad
ally if not rapidly absorbed he is r
lying On an improved price for tn;
/. metal, while China is again Gu
It toner in the silver market, and
must be ultimately benefited. tt
price of lead in the meantime hs
: been practically fixed through tt
merging of the various lead interest
which is now practically acco1
'. plished, and with this in firm pos
ton the great company of which
is a representative will increase i
endeavors in behalf of the other me
: als.-Helena Herald.
Attend tba social dance at Hd