The indicator., 1904-07-30
Every Effort of Management of the Steel
Works Being Directed Along Lines of
Showing Plant Can Be Made Pay.
PRES. HEARNE FAvoRs POLICY OF EXPANSION
Records Broken by Converter---PIenty of
Coke for Fuel Coming in---BIast Fur
naces B00ming--Everything Lively
GREAT INTEREST is MANIFESTED

GREAT INTEREST is MANIFESTED
draws the time for holding reorganization meeting
Fuel Iron Co. the interest Of this community well
that matter grows intense speculation
the controlling interests the will be able call
g outstanding debsnure bonds and all the mighty
expansion whether the small holders original
ahsct Of no further voting Of bonds by the
More than usual activity has been displayed Of late the officials
and all the doing better service than been
h case for . long time.
meeting Chicago between counsel for the
Co. and representatives Of the minority of the stock holders we'll
company overcoming
proposed completing
under such the merchant mill and tin plate and
ast mill
TO PLACE ON FIRM BASIS
plan Rockefeller Gould plscs
6rm financial basis and at the time to follow out policy
They have the majority Of the stock holders with them and
agents have been at work for almost past eudavorng bring
the recalctrants
strong the talk along this line last August and sepem
that there hints thrown out of bankruptcy and letting the
receiver which talk had eah influence
stock although that the operations of the
and the price Of stock do not bear much relationship to
zoe another.
THE POLICY EXPANSION
Hearn August 1903 president Of
with its adjun the Rocky Mountain Coal Iron Co.,
Colorado Wyoming Railway Co. and the Crystal River Railroad Co., he
al that Ultimately it his desire to the COM
and and become the most extensive OF Its KIND
: The country.
has been doing construction iron business for
% taking Colorado proposition he had
its possibilities to be made by bis repre-
es besides giving less personal attention. the idea being
h standing the world of iron and steel could not AFFORD TO
ze reputation by taking hold of shakey proposition
everything satisfactory at the meeting to be hell at New
York August for certainty that not only will the new
mill the tin plate and sheet mill and blast
M other and highly important will be projected the running
pipe the reservoirs point forty miles up
|ae Arkansas River being among them.
Two surveys have already been made There will be two
% each and receive them will be necessary
have ditch dug feet wide and seven feet deep
Since the supply stands sufficient provide fo tn eeos
the plant present will be that the proposed
provide enlargement and expansion oil the
sel worka
PREPARING FOR STATEMENT
Early tbs week President Hearne with Engineer Hander and
Consulting Engineer Bnn the steel works person ana
together laid psns The recommendations OF these
reduced to writing and the stockholders the New
York meeting.
1t hoped that ,ucb good showing made that the minority
holders sometha like stock will be influenced to get
the majority interests agree the policy Of expansion
they not majority think there is scheme up to compel tne
ouyg out Of the smaller stock holders a bug ngure ners ~
Just what might bs done.
A HINDRANCE TO MORTGAGES
Owing to IN action taken by F. Co., while under the oo
vas agreed could be new bona ISSUE OF
until al bonds retired and hence more
were put into Tie before the minority nso come H.
expense the majority and Of they do not choose 20
hobscs ao.s With Rather than proceed with the
they would other run the present basis or ss sks
~ for CLOSING cut tAoss Who .rs opposed . se p0 AND II.
completion Il ~ pss Il would to have ss sa q
d f elaborate scsmg for several weeks
looks ~ eonpsay o confident that their hopes n %
realised
JeAa D. Roessssr George Gould bossht INTO me con
ysar 30 "a Hts more stated that Wa thsr intention 70
Tie Po sesl vu n immense BY not onJ completing
The gsaate pas Osgcod crowd bat Dy safsms o no. p
n Asy nv e. -,
Whsa h M ~ aad 0sgood sw abb. 70 spssk or MN
ID II ceeay - ~ n sscessdd b. nsa control who ~
70 4 - 49, n sass vssis Ass Asvs ssvsr bsa evsa
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