Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1904-10-26

lhls io say of tho United statos Mining
situation at tine present time 'Ihe
criticism made at the time the man
Dpcmtuf secured control of Inc Mam-
motD mines u California, based uloh
lbc claim that he directors were real-
ly selling the proposition 10 theu-
solves at the expense of the company
and also ugOn the wisdom OF attempts
mr 90 operate "a property at such
Great distance from the location of the
mau plant is, as 1 View o. entirety
uuWarrauted Indeed, ] have tounl
tbgt this criticism came almost wholly
from eastern people who were not dl
AN familiar with the conditions on
course there may be- something ln me
suggestion that the ores from inc
Mammoth mine cannot be brought tp
the smelter In Utah TO good advan-
tage by reason OF the heavy trelshI
rates II the richness of the rock Is
guHielent. however as Is clalmeds
and special freight rates can be OBJ
tanned. this arrangement IL quite pos
slble And viii likewise serve to M
crease the companys revenue great
ly ,....
In all the copper share speculation
OF the week nothing has interested
state street more than the ACTIVITY
and strength that has characterized
me stock Of the United states MIN
ing company. The movement has been
one of the most pronounced That the
sfock has had I'm lbs entire history
and Il has come about too very large
by boy reason OF the TACT that Gionllll
emf and strong New York capitalists
have interested themselves IN inc
property people who are prepared
upon careful investigation TO help
30 far us Is possible the consumma-
ton Of the broad scheme that the man
agement has In hand No STOCK ON
the Boston list has been subjected 10
80 much knocking about IN the past
as United States Mining Indeed It
has been. for much Of the time, the
butt Of every broker ON the street
Now, however as 1t Is becoming ap-
parent that the company mas IN hand
mans nj great magnitude which are
bound to result In bringing about a
material Increase In the revenue ana
to make Of the proposition a formid-
able competitor Of the American
Smelling company sentiment concern
ing the same has undergone a very
radical change for the better. Tine
management Is strong one. the COM
many rs well financed and despite the
recent criticism TO which It has been
subjected It rs pursuing the policy or
lglnally laid down In shaping up the
future plans OF the corporation
II ought to be understood IN this
connection, that the recent election
OF General Manager Fitch-a man
who came from the Michigan IRON
properties was done simply at Man
aging Director Hoden's request ANA
that he has been made practically his
assistant MI Holden retains his tltIe
OF managing director and is really the
operating man of the entire PROPOSE
tlon-both the mines In Utah ana the
mine I'm California. This is stated
simply to correct an impression that
has become widespread that Mr. Hol-
den had resigned his position by ren-
son Of reported differences among the
insiders,
The company's new lead smelter
stack Is now completed and the FUR
mace win be ready 10 90 into opera
ton at am early date. This smeltor
viii be devoted entirely TO the treat
mcnt OF lead ores and, beside this, Il
viii do a large custom business with
the result that the companys revenue
will also receive a very material addi-
ton from this source.