Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-08-02
BIGGEST MINING
DEAL Of LATE
YEARS
Details of Lawson Purchase of
the Humboldt Smelling and
Mining Interests Near Pres
colt, Arizona,
prescott Journal Miner.)

prescott Journal Miner.)
Thomas w. lawson of Boston now
owns the Humboldt Smelter and its
subsidiary enterprises.
on July 3, by taking up the option
on the stock of j. l.. Elliott, president
of the Consolidated Arizona Smelt-
ing company, the noted ~hnanele be-
came possessed of all but $4,000 shares
of the capital stock of the corpora
The Journal Miner learned of the
deal several days ago, but deferred
publication of the story until it was
confirmed. The Boston American was
requested by wire, to interview Law
son. and in response there came yes
terday the following telegram:
"ln reference to Consolidated Arl-
iona Smelling company deal. Lawson
said: The deal is practically closed.
That Is all | care to say about il now.
He would not tell who are associated
with him, or his plans"
Plan Big Things.
From other sources the burma
Miner learns tina lawson and his as
s~ociates intend to make the Humboldt
smelter one of the largest in the
United States and a lead stack for the
treatment of lead ores Will be n Of
the first improvements undertaken. A
big advertising campaign to dispose
of the company's treasury stock viii
be inaugurated and the funds thus
raised will not only be used for en-
larging the smelter but to develop on
"A mammoth scale the DE Soto n
Blue Bell and the other mines for
which the Arizona Consolidated Smeit-
ing company IS a holding corporation.
Persons who are in a position 10 know
state that when Lawson starts his
campaign, YaVapai county VIII receive
more advertising Of its and
It's great possibilities for investment
thar during the entire period Of its
history.
Who Is Back of Lawson?
lawson made himself famous by his
attacks on III. II. Rogers and Rookie
Teller of the Standard oil company.
in a series of articles last year.. In Ev-
erybody's Magazine, under the cap-
lion Of "FFenzied Finance" Re-
Gently he changed front and over his
own signature In his advertisements
in eastern papers, announced that Ro-
gers was the brainiest man he had
ever met. He also stated that he
would henceforth handle the stocks OF
the Amalgamated Copper company.
of which CONCERN Rogers and Rookie
Teller are the controlling spirits.
Advices from New York state that
Il is the opinion in financial circles
there that it Is the Amalgamated
crowd that Is backing Lawson in his
Arizona ventures, but of course this Is
only conjecture. based upon circum-
stantial evidence. II II be true, the
operations Of the syndicate in Yavapai
county VIII III tilE AtpNA an = VI CIV
tivity only paralleled by that of Mons
tana.
When the Deal Started.
Negotiations for the transfer of the
property were opened early in the
spring. and it is reliably reported that
the man who Interested Lawson in the
venture was George w. Middleton, q
well known mining man, who organ
lied the Bradshaw Mountain Copper
dining n Smelling company. ana
tKhA 1afaf fpnK nNg1 the interests or !
the old Val Verde smelter. Middle
ton also conducted the MudhOle mine.
at Walker, and is now head of the
New York and Arizona Copper COM
pany. near Mayer. He is a v%eritable
wizard In securing capital n has
been the means of bringing moro
money into the county than any other
man except f. NJ. Murphy.
History of the Smelter.
The original company was the old
Val Verde Copper company, limited,
organized by G.. G.. Fennell and 9th
ers, about ten years ago. on January
30. 1904. the Val Verde people sold GU.
10 the Bradshaw Mountain Copper
Mining and Smelling company, organ
lied by Middleton and others. On June
IS. 1906. this company was absorbed
by the Arizona Smelling company and
in this new company, Mr.. Middletn1
received a large block OF stock. The
principal stockholders of the new
later bought the Copper
Cohre mine n organized il under
the corporate title of the De Soto Min
ing company: the Blue Bell mine was
purchased, and has since been oper-
ated by the Arizona Exploration COM
pany.
Early in 1907 a new holding com
pam was organized with n capital
stock Of $4,000. GOO. to take over all
Of the capital stock Of the Arizona
Smelling company. and that Of the
companies above named. with their
attendant holdings. Its corporate IL
tie is the Consolidated Arizona Smeit-
ing company. When originally organ
lied the directors Of the Arizona
Smelling company were John l.. FL
iiott. Arthur Braun and Benjamin
Prince of New York, Frank NJ. Muir
ply and Charles +. Finnev Of Pres
colt. In the organization, IL IS under
stood that Mr.. Finney and Mr.. Prince
disposed of their belongings. and that
l.. Nogelstcin an eastern millionaire.
took a large financial interest becom-
ing vice president. Other new adirec-
tors were J. T.. Peabody and T. r. I'M
derwood Of New York. When the
pool was recently formed, three OF the
directors resigned. which included
the two last named.
Mr.. Elliott Is in Europe and IN op-
lion on his stok was secured 10y cabtA.
He sailed for Amefica on the 2Sth
inst.
some Smeltcr History.
when the smelter was built. it was
gupp1Eed hat its facilities were FAR
IN advance Of the times, and the man
cement were apprehcnsive that too
large a plant had been built. In less
than three months they saw their
mistake. for the ore came billing IN
from all over the territory. The build
ING Of the smelfer stimulated unprece-
denied activity. Prospects and mines
that had lain idle for years were
opened up. and soon the smelter was
fairly swamped with ore. Originally
thirtv-slx storage bins of about s.000
TONS capacity were built, but these
were inadequate n ~more were pro-
vtded.
In the beginning The blast furnace
capacity was 10000 tons a month
was later increased TO 5000 tons. and
now IL Is MANNED to enlarge the capa-
city TO 10000 tons. No efin figures
have ever been given out as 70 the
value Of the ore treated annually. nut