The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-03-11
DANIEL GUGGENHE|M
REACHES SALT LAKE
Chairman of Executive Commit
tee Great Industrial Enter
prise Is i'll City.
HAS SECURED CONTROL
OF BALAkLALA MINE
Annual Inspection Trip Will Be
Productive of Good for
Utah.

Daniel GuggenheIm, chairman of the
oxecutIyc committee of the American
Smelling and Refining company, one oil
The greatest Industrial enterprises in the
world; director in the Smeters Securities
ccmpeny and more than a silent partner
in the United Metals Selling company. ar
rived in Salt Lake Saturday from week
Visit to his various enterprises IN inc
State OF Colorado.
Consults With Engineers.
Mr.. Guegenheim was accompanied by S
r. Gugecnheim, Isaac Untermycr and w
E Benneth the latter his private secre-
tary After lunch Mr. Guggenhcim went
into consultation with the officials oi tho
Salt Lake Offices of the American Smeit-
ing and Refining company, John Rays
Hammond and !. W EcCleS When APP
preached as to the scope of his Nisst TO
Utah. MI GuGgenhcim saidi
Will Remain Here One Week.
Having Just arrived, and being In con-
sultution with the engineers of the Amer
lem Smelling and Refining company,
can say nothing now about the pro
gramme which will be followed during the
week l VIII be IN this city. we are on
our annual trip and Will receive the re-
ports from our engineers, who have neeh
examining various silver and copper prop
critics the names OF which 90 not decit
advisable to give at the present ume.
We VIII bo here for week at the least.
Not Negotiating for Bingham Con.
He was asked regarding the Eastern
reports that nc had secured the control
of the Bingham Consolidated company,
and stated that insofar as he knew there
were no negotiations being carried on be-
tween his interests and the Bingham The
Eastern report was hardly credited in tnls
city. as it Is thought the recent trip OF
the Bingham officials to the East would
not have occurred had they expected the
tInropnnpinl
Iion OF their properties.
Have Control of Balaklala.
Mr.. Guggenhcim annouEced upon In
cuiry shat mis- interests had closed the
deal for the control OF the Balakala Con-
sClidatod Copper company. This is
lcrGc California property he said,
which Is reported TO contain valuable
copper ores. Stockholders of our COM
panY have secured control and arrange
raents have been made for treating the
ores at the new smeltcr OF the American
Smelling and Refining company, which IL
now being erected on San Francisco bay.
improvements for Colorado.
During the Denver trip. Mr.. Guggen-
helm announced that new methods would
soon be devised for the treating Of low
grade ores OF Colorado. and that the smell
ters Mt Durango, Pueblo and Leadyille
will be equipped with apparatus so that
ores of very low value can be treated at
profit This VIII Involve an enormous
expenditure Of money, the exact amount
OF which Is unknown, and the probable
amount Unstated by Mr.. Guggenhem.
Mr.. GuSgenhcim is n believer in spending
money FOR improving Colorado, for as he
states, that is where his companies have
made most of their money.
Millions for Utah Also.
These great Improvements In Colorado,
however. are not all that the Guggen-
heim interests are contemplating Right
here In Utah millions OF dollars are being
expended to make OF the prominent min
ornl-producing properties of the State star
producers and large amounts OF capital
are being expended in smelter improve
mcutS that VIII make of Garfield the
greatest smcltcr center OF the country.
This Is being done for Utah. and that it
VIII contribute largely to the advance
msnt OF the resources of the State there
IS no doubt whatever
Will Visit at Garfield
While. as Mr. Guggenheim says. he has
not as yet arranged his schedule for this
Utah annual visit, he Will undoubtedly
visit the construction work now going on
at Garfield, and perhaps inspect the Utah
Copper companys ground. of which he
owing the control.
Merger Deal Next Monday.
1t is o foregone conclusion that the
most important item that will bc trans
acted on tie present visit is the closing
OF Lhe negotiations by which the Utan
Copper, Boston Consolidated and Cactus
ter Will hardly be taken up before Monday
afternoon. as Mr. Ncwhouse is expected
Lack by Monday at the latest IL is sin
ccrely hoped by Utah people not financial
~ Interested In this deal that the negotfa-
tons VIII reach speedy and successful