The Superior times. [volume] (Superior, Wis.) 1870-1912, 1903-04-04
a GOLDEN OPPORTUNITY.
Working Wen Read aud Eefiecr, n Rare
ppporiunii, for Making Money.

laws OF the state OF California, capital
into two mi lion shares OF one dollar
each-A. W. Macrae, Glenwoody, Cal.
is president, late OF Superior. Wis.
The other officers of the company are
all trustworthy men.
Incorporation has been the one i'm
portant factor in the wonderful in
dustrial and commercial development
of our country. This is evidenced by
4 the fact that ~l3l 900 goo was paid in
/ dividends during the year 1900 on n
! tritle over 200 mining companies OF
] the United STATES.
No business in the United States can
show a parallel TO custom smelling in
the enormous earnings for the capital
invested. II is positively cash bus
mess There are no open accounts
and no credits, the smelter bearing
/ the same relation to the miner that
! the miller bears to the farmer. Only
/ a few years ago not Il share OF smelter
stock could be purchased except ut a
prohibitory price. Prior to the ad-
vent of the American Smelling Trust
no stocks of any of the smelling com
panies were on the market, being held
only by the few and the profits earn
ed were SO extremely large that the
stockholders preferred to sell their
government bonds and first mort
cages before parting with their smelt-
or stock There is but one period i'll
the existence of a smelling company
when lis stock is offered for sale or
can he obtained by the public and
that is the period of its organization
and the construction of its works.
When in operation, the opportunity
to purchase the shares of the company
al less than their par value ends. The
. ant virtually creates it's own capital
Smplters IN the west are reported as
realizing net profit of from ~ to 50
per ton, and much of the custom work
in Kern county will net the company
fully as large profits. 1t is fair to as
sumo that the net profits of the smelt.
or will not be less than 20 per cent.
for the first year of operation. With
large ore contracts already made
dealing only in the raw material of
money and metals ana doing an abso-
utely caah business it would seem
that there could be no possible queS-
ton of its permanent success ana
large canning capacity Instead OF
coal and coke, petroleum and petrol
cum oil coke will be used which will
only cost IS cents for three barrels
and half of oil, an equivalent OF one
ton of coal, and arrangements have
been made for the delivery OF OIL
through pipe line at the company's
premises at the pvice stated above.
There are many strong points III
favor Of this enterprise. First: 1t IL
located in one of the richest mining
districts of California if not OF the
United States. Second: II has abso-
ute contracts with a group OF produc-
ingmines all located within radius of
a few miles calling torore sufficient
to run the smelter to its full capacity.
Third: 1t is located within onehali
mile of the main line of railroad
which is connected by branch line
from the smelter to the most import !
ant mines of the district furnishing
it's ore supply thus insuring the low
est transportation charges. Fourth:
1t ia located upon an untalling stream
of water sufficient to run a smelter OF
1000 tons capacity for every day IN
the year, which is an important con- I
sideration for a smel.er location In
Kern county. Fifth: 1t will begin
operations with the most improved
and modern machinery and equip /
ment and fully demonstrated and sue
cessful processes for extracting with
in per cent of all the mineral val /
ues, gold, silver, copper and lead, OF
the ores treated. Sixth: The Pacific
Smelling co begins business Mt a
time when recent discoveries make 1t
possible to work even the most re-
fractory ores at from one quarter to
one half of the expense ruling even
five wears ago. Seventh: 1t will use
oil for fuel and smelling purposes al
together An important feature OF
the use Of oil aa fuel by the Pacific
Smelling co IL the entire elimination
Of coal refuse impurities from the mat.
In conclusion the attention of in
yeStors may properly he called 10 the
fact that there is one important ad
vantage in profits tor the Pacific
smelling Co. that few smelters have
heretofore enjoyed and that il its
control Of the product OF the most
IMPORTANT mines in the vicinity OF its
plant without having dollar invested
i'm the mine. and no capital locked up
I'm reserve ores, commonly ranging
rom $500 900 to 81 ,OO0, 900 according
TO the capacity of the works. The
saving ia interest on this enormous
amount of idle capital will De added
10 the profits OF actual smelling and
treating Of the ores
The attention OF investors Is par
ticularly called to the fact that this
plant is situated in the middle OF one
Of the richest min raj districts Of
Southern Califn.uIa il not of the