The daily tribune., 1907-11-23
new COMPANY
TO START up
OLD SMELTER

passed into the hands of the Troy
Consolidated Mining company with
headquarters in New York city and
| mining properties in Kelvin, Ariz
This information reached Florence
this morning in the shape of n teie-
gram and there appears to be no good
reason to doubt the Authenticity of
the report.
Col. Macdonald of the United
States Reduction and Refining com.
pany was seen this morning regarding
the dispatch and says he believes it
is true as he has known that such a
deal was on for sometime in the past
and knew that the Troy Cons were
very anxious to secure the local
plant. He is personally acquainted
with some of the Troy company and
know them to be good people. They
own several mines in Kelvin and
will ship the ore to Florence for
treatment.
Mr.. Macdonald says that his COM
pany also owns some claims across the
range in the vicinity of Kelvin and
that it is one of the best ore produc-
ing sections in that territory. 1t
will be noticed that the dispatch,
which is printed below. says the COM
pany will blow in the furnaces Just
as soon Is it is posi- BILE to do SO and
that the organization Of the smelling
forces will begin at onoe.
This smelter plant was built by the
Rocky Mountain Smelling company.
composed mostly of Iowa capitalists,
and Is n matte concern. The Carpep.
ter process is in use and high per
centaec of v.,lucs cnn be oxtrootod
from the ore. 1t has capacity of
some 500 tons day and employees
about $50 men.
If this report is true without the
shadow of a doubt, Florence will be
the best town in the whole OF the
Arkansas valley within the next
year. There will not be enough
houses in the city to accommodate
the newcomers and the business men
will do more bus mess than they have
ever before done in Florence.
The dispatch follows;
New York, Nov 23-To other
assets the Troy Consolidated Mining
company, whose properties at Kelvin.
Arizona, have been under active
development with most gratifying
results for several years, has Just
added the Colorado Smelling and Re.
fining company's smelter at Florence,
Colo, the confederation &4OO, 00O
The plant, of recent construction and
equipped for the refining of bullion
as well as the smelling of ores, is up
to date in every particular and en-
braces all the devices that can posi-
bly, contribute to economic results.
More conspicuous. perhaps, than
any of the many advantages enjoyed
by this plant is its proximity to all
the fuels employed in the reduction
of ore, including oil, which latter
has been used with the most salts.
factory and the most economical re-
suits. Operated in connection with
its own and an allied system of mines
or as n custom plant, more accessib BILE
than all others to the producers Of
Cripple Greek In particular and the
camps on the west, north and south
west in general. the results should
be, and undoubtedly will bo most
profitable.
while the purchasing company
has not taken the correspondents into
its confiiDnce. and shared with them
all Its plans, II Is known that pri-
marily the smeltcr IL to serve the
Troy Manhattan groups IN Arizona.
while the patronage under contract
and from miscel llnneous sources prom
iscs to add immeasurably to its earn
ings. With the facilities thus afford.
ed the Troy Cons. for the reduction
Of its orc, all results for which the
originators Of the company have
/ .L-..il ..--.- IL L.