Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-03-07
ASSEMBLING Of
BIG MINING MEN.
Many Millions Of Wealth Repre-
scented by Those Here and
Coming This Week.
JOHN HAYS HAMMOND ARRIVES
Guggonhelm Party on the Way--Prcs-
idcnt Of A. s. & X. Confirms
Balaklalla Purchase.

The end OF the present week VIII see
assembled In this city some OF the big
gest mining and smelling men the
country has ever produced. When they
are all here 1t can be said that there
has never been In salt Lake at one time
so many who are leaders in these great
wealth-getting Industries. There will
have arrived by next Saturday men
representing many millions OF dollars
OF wealth, and while II would be dffll-
cult to estimate what they do really
represent, yet II is a safe guess to say,
considering the vast enterprises with
which they are connected. that II put
into one sum the aggregate would be at
least s25000OOO
JOHN HAYS HAMMOND HERE.
Thomas r. Cole was the first mining
magnate OF note to reach the city this
week. John Hays Hammond, who Is
chief Of staff OF the engineers IN the
service OF the Guggenhelm Exploration
company. American Smelling and kim
dred corporations came In this morn
ing, accompanied by his son, John Hays
Hammond. Jr., h. T. Stannard, William
Yale and James Douglas Campbell the
latter private secretary 10 Mr.. Ham
mond. Tho party Is located at the
Knutsford hotel, they having preceded
the executive officials OF the American
Smiling & Refining company. who are
now making an inspection OF the Coll
orado plants OF that great corporation.
CALLED ON MR.. WHITLEY.
Immediately after his arrival. Mr.
Hammond made brief call at the local
offices OF the American. where he was
received by General Manager Charles
w. Whitley. Later, General Manager
d. G. Jackling OF the Utah Copper COM
pany called In, Of which company Mr.,
Hammond is managing director. But
after leaving the Mccormick building
the noted engineer repaired TO his hotel
for a rest. after very fatlguing trip
across the country and gave instruc-
lions to Secretary Campbell that ne
was not to be seen by anyone until later
In the day.
ARRIVAL OF MIR. GuGGENHEIM,
The date of the arrival OF the party
now In Colorado was not definitely
known early in the day. although the
Information had come that the stay
in the Centennial state would be at
least two days shorter than was an
tlcipaLed. In this event the party
should reach here tomorrow afternoon,
or possibly Friday morning. Daniel
Guggenheim, president of the smelling
company. Is In the party, ana with
him are Silas w. Eccles, vice president
and general traffic manager. s. X. Gug-
genhelm and Samuel Untermyer.
II Is not believed by mining men in
Salt Lake that the arrival Of Mr.. Cole
at this time has anything TO do with
a meeting with the American Smelling
magnates, that Il Is simply coinc-
dence he should be here and have him
self surrounded by a formidable staff
of engineers.
BALAKLALLA CONTROL SOLD.
IN connection with the arrival OF Mr..
Guggenheim 1t Is significant to note
that there has also been an assembling
OF interests associated with the Bala-
klalla Copper company. and while not
one of them has even suggested any
thing IN the nature of an admission,
the statement has been made by Mr..
Guggenheim that the deal has been
closed for the purchase of control
OF the mine. He stated further that
engineers who have inspected the prop
erty have reported that It contains
practically 100000 tons of ore, blocked
out, and ready for extraction and on
which there Is profit OF 81
per ton on 1914 cent copper market
The ore is to be treated. Mr.. Guggen-
helm states, AT the San Francisco plant
of the American Smelling & Refining
company, which will effectively do
away with the plan TO build smelter
at the mine. The latter work was well
under way and the Balaklalla company
not long ago employed Robert White
former superintendent of the Utah
| Consolidated shelter In this valley 10
take charge of the construction There
are certainly some big things working
In the local mining and smelling world
and the public may know more about
what IL going on within another week
! or ten days.
The Guggenheim party win probably
spend the greater portion Of next week
| hire in inspecting the various Utah in
! torests. after which II will proceed "a
4 the Pacific coast