The daily sentinel., 1903-08-10
MARVEL OF
MANAGEMENT.
Grand Junction Smelling Co.
Free of All Debt. Big Sur
plus. Manager and Treas
urer's Reports.

The stockholders of The Grand
junction Smelling company and many
other citizens are receiving today.
mailed from the Boston office. a state
ment of the general manager of the
company, Mr.. George E. Marvin. re.
garding the condition in which he
found the plant on his recent visit of
two weeks to this city. also the treas
urer's report of the conditions of the
finances of the company. -.l
The statement of Manager Marvin
is addressed TO the stockholders of the
company and it reviews fully what
has been accomplished thus far in the
building of the smelter. He takes
opportunity to highly compliment
superintendent Edwards. of the COM
pany for the manner in which the
work is being done in the construction
Of the smelter and speaks of the gen
-eral utility of the plant. ..-
Part IF the report is given below.
referring to the plant as whole.
''f it had not been for the una
voidable delay in receiving material.
the plant would have been ready to
blow in on or before the first of Sep
tember. but we hope to be ready for
business by October LIST. and earlier if
possible. We know. however. that
when the p liant does blow in it will
be capable of doing all we expect of
it. 4A
ga great deal has been accomplish
ed and it has all been done we'll and
at the minimum price. am salts
fed that there is no smelling plant in
the west of tire same quality and Ca
pacity but has cost a large percentage
more than ours. and some that l know
f, which are not to be compared with
have cost twice as much.
LAS you know have always had
great confidence in Mr.. Edwards and
lave expected great deal of him. l
want to say right here that he has ex-
ieeded my expectations. and in saying
chat think 1 have gone the limit. 1
10 not see what could say more. Mr..
Edwards. during his long experience
in constructing smelling plants, has
employed many men, and some of the
best have followed him from place 10
place.. A number of them are here
now and will prove of great advantage
o the company as they can be depend
ed upon. -Of-these. Sam Davis. who
is foreman, is a very reliable and
trustworthy mar. and is worthy Of
aI ,,,aption 4.
THE company is now in position
to make anything it needs right here
on the spot and is independent. to a
large degree, of all outside assistance.
L think few plants of this kind exist
where so much of the material has
been manufactured and SO much of the
mechanical work done on the ground.
Considering the amount of money
spent the result is remarkable.
1--WE will soon be ready for ore,
The railroad people have promi sed us
satisfactory rates. The. fulfilment of
This promise means large tonnage,
and increased capacity in the near fu-
ture. have had an expert account
ant come here and lay out a system
for the business department. The
rest of my time While here I shall put
in with the railroads and miners" "
The treasurers report is a marvel of
careful financing. The company has
no debts. has as surplus unexpended of
approximately sixty three Thousand
dollars and every item of expenditure
is set forth, so that those who have
bought stock may see what is being
done with their money!:
The entire report of Manager Mar
vim and Treasurer Phillips is highly
complimentary to the company and