The Denison review. [volume] (Denison, Iowa) 1867-current, 1902-11-07
Fully Paid and Non>Assessable
by Law>>>No Preferred Stock.

The Chelan Transportation and
Smelling Co. was organized for the
purpose of building twelve miles of
railroad from the Holden mine to Lake
Chelan, 5O0,ton smelter at the mouth
of the Railroad Creek, with reduction
works. sampline works and other
works necessary in connection with
modern smelling plant, four miles of
railroad from Chelan to the Columbia
r yer connecting Lake Chelan and the
thriving towns of Chelan, Chelan Falls
Lakeside and also to haul freight.
machinery, coke etc. to the mines and
smeker.
Taking from the report of the largest
smelters in washington and British
Columbia they find the average cost of
treating ores the same class as the
Famous Holden was 2.40 per ton one
smelter. the Grando Smelter at Grand
Forks, B. G. reduced the cost to a
figure as low as Sl.90 per ton. The
average cost of treating ores at the LIE
Roi Smelter, Northport, wash. is 1925
and the average cost at the Hall Mines
Smelter, Nelson. B. G. is 81, 40 per ton.
Even at double these figures, the
Chelan Transportation and Smelling
Company would have a handsome
profit left from their contract price of
81. 90 per ton. This company estimates
that they canItreat ores cheaper thanany
of the smelters mentioned as they have
every faculty for doing so, having all
kinds of fuxing ores and twelve foot
ledge OF lime in No. 8 tunnel in the
Holden mine, while they have water
power not excelled in the state of
Washington.
The profits that will accrue to this
company should be such that it can
easily pay 40 per cent on the entire
capitalization, they know the average
cost of smelling is less than s2.40s per
ton, and the average custom charge to
the mine owners for smelling is $500
per ton. Considering the location of
this smelter and the peculiar advant-
age it possesses over the smelters
mentioned, the Chelan Transportation
and Smelling Co. can treat ores
cheaper than those mentioned but to
be very conservative by assuming that
it costs So 90 per ton to treat the ores
there would still be left s400 per ton
profit. Assuming for conservatism
that they would treat only 800 tons per
cay there would be net profit of
81, 200 90 per day, $50, 900 90 per month.
1892 coo 90 per year or over 43 per
cent on the entire capitalization, there
: is every reason to believe the sruelter
will run to its full capicity of 500 tons
per day which would greatly increase
the above mentioned profit. This
company has secured contracts from
the Holden mines to transport ali the
output of their mines, estimated at the
start at 200 tons per day, from the
mines to the smelter for a period of
30 years at Sl.00 per ton and the en-
gineers estimate that the actual cost
to the smelter company for the trans
! porting of this ore will not exceed l5
cents per ton, assuming that it would
cost 40 cents per ton, there would still
be left q handsome profit of SO cents
per ton, Sl20 90 profit per day $4,000 0t
r per month or s44, 100000 protitper yeal
A on this contract alone, add to this the
, profit OF the smelter and it proves the
. ability of the company to pay easily
over 40 per cent on its entire capitali
: zation and in addition create surplus
n fund.
t A shire wd Boston fnancier clearl
observed and recently truthfully said
There is but one period in the existanc
: of smelling company when its stocl
5 is offered for public subscription. an
. that, the period of its organization an
2 the construction of it's works. Anyon
. can reasonably say, that no business
= safer and so sure of profit as thetsmel
D ing industry, because the daily produc
= is but money in its crude form an
= deals in cash and cash only and
. always sure of its profit.
= = In regard to smelling in genera
= copying from an article published i
o the New York Tribune, says:
. The mining industry has paid mo.
= dividends, compared with other il
q dust"ies than any business know
o Take. for instance, the Great Smeltin
. Companies-the mineral pawn broker
o -