The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-21
i. s. OFFICIALS
COME TO TOWN
President Sharp and Managing
Director Holden on In
Spection Trip.
SCOTTISH CHIEF TO SHIP
BIG DEAL IN IDAHO PROPERTY
is MADE.

William @. Sharp, president, and AL
bert f. Holden. managing director. re-
bpectiyely, of the United States Smelt-
ing, Refining & Mining company,
reached the local offices of the COM
pany yesterday morning from the east
They are on a general tour Of inspection
20 all of the company's properties in
The west and after putting in the bet
Ter part OF q week i'm looking over
the mines of the corporation at Bing-
ham and Tintic and inspection OF the
smelters and milling plants at Bing
ham junction, they will proceed west
When seen during the afternoon Presi-
hent Sharp said:
Mr. Holden and myself are out TO
make an inspection Of the company's
western interests. We shall probably
spend week or SO here and then go
ON to Nevada and California. In three
or four weeks we shall be back this
way and IL is possible that / can then
give you something of interest TO talk
about"
IL is several months since either Of
the visitors were i'm salt Lake, and,
as this city was the home of both for
great many years, they will naturally
enjoy every moment of their stay this
trip.
President Sharp's attention was called
In the fact that a correspondent Of
the Engineering & Mining Journal had
credited his company with acquiring
bond on the Blanca y Anexas mines
adjoining the Real del Monte proper
ties at Pachuca, Mexico. recently pur-
chased by the United States company
He states that the report was with
out foundation I'm fact. The United
States company has taken hold of moth
ing in Mexico since It acquired the
Real del Monte In January and has no
present intention Of adding to it's pos
sessions in the southern republic The
published report stated that the United
States company had acquired a bond
on the neighboring bonanza for $f2,-
500 900.
While the visiting officials have not
so declared. il is believed that one of
The purposes of their present trip is to
decide upon the ACCESSIBILITY OF doubling
the capacity OF the cOmpanys Mann
moth smelling works, out OF Kenneth,
Shasta county, California. The com
pany's Mammoth mines have developed
so extensively during the less than
year that the company has been operat-
Ing and its custom ore smelling bust
ness has grown to such proportions
that il seems altogether probable that
the charging OF the smelter will be
decided upon during the next few
weeks 1t was on account of the DUR
chase OF this property that the man
agement OF the United States company
was so severely criticised a year and a
half ago. Now that II has become a
matter of history that the Mammoth
possessions are responsible for more
than half of the company's net earn
1ngs; that something like S1,25O.0OO, all
told. has thus far been spent I'm the
purchase, development and equipment
or that property, and that Il has lust
about earned that much since last DC
tober, is a matter for extreme satisfac-
ton on the part OF Mr. Holden and
the other members of the company re-
sponsible for the requirement of the
property.
With operations In all branches of
the company's business the visiting
officials express the greatest satisfac-
ton, and, with the Assurance that the
price OF copper is destined to still far
Their advance, while the other metals
keep time with the tremendous strides
OF business prosperity, they see no rea-
son TO believe other than that the great
company OF which they are the guiding
spirits, must continue 10 expand ITS
operations and correspondingly en-
nance the value Of its shareholders IN
terests.