The daily tribune., 1907-09-03
HOW CRIPPLE CREEK
TINES VIEWS IT

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TINES VIEWS IT
It was hoped, when the news first
came Of the partial destruction Of the
Golden Cycle mill. that the United
States Reduction and Refining COM
pany would SEQ the advantage to be
gained by liberal policy toward the
mine owners Of the Cripple Greek dis
rtict Some even went 30 far as to
express the belief that the Refining
company would take over the Cycle
contracts temporarily and thus pre-
vent some Of the mines from closing
down until the Cycle WAS again In
shape to handle their ores. This
wold have been the reasonable and
business like course; 1t would have
been q big advantage to Cripple
Greek and OF insting profit to the Re-
Aning company. And 1t was an
nounced by the United States Reduc-
tion and Refining company that tile
company would handle all ores Offer
ed.
1t develops. however, that the offer
contained q reactlonary clutch by
whicl, the Refining company hoped
to renew the monopoly 1t had 80 long
enjoyed in this district. The ore
will be accepted, it Is true, but only
at the rates and on the terms satisfac-
tory to the United States Reduction
and Refining company-rates which
are higher than those charged by the
Cycle. and terms which are regarded
a. unbearable by the shipper.
All mine operators who will give
mp their Cycle contracts are welcomed
by the United States Reduction and
Refining company; but II they do not
renounce- their right to ship where
they please. they must pay the "open
rate'' for ORC treatment, which 10
considerably higher than the Cycle
rate and higher than tho contract rate
offered by the United States Reduc-
tion aud Refining company to it, reg.
ular patrons.
A. . consequence Of this "cinch"
policy Of the Refining company, sew
erAl mines will cease shipping tbeil
product, aud may close down until the
Golden Cycle plant las been rebuilt.
Some ore from the Golden Cycle mine
and tho output by the StrAtton estate
lcaseos viii! be treated by the Port.
land plant. because It affords nat
ural flux for Portland mino ore bui
. majority Of the other minos having
contracts with the Cycle plant Art
without an available market for theil
product
It cannot be forgotten In this con.
nection that the United States Reduo
tion and Refining company. from III
profits In treating Cripple Creek ores
has paid dividends ON capitalization
ut loast four times greater than tho
total cost Of all its plants, and that
for years 1t has had u practical mo
nopoly Of tho milling business. max.
ing Its own rates and enforcing what
ever torms 1t pleased. 1t las grown
rich and powerful from the handling
Of Cripple Greek orcs-so powerful
that II 10 now In position to dictate
to those who support It aud make o.
unmake them ~ best suits its sclAsl
purpose.
The United States Reduction ant
Refining company had tho opportun
ity at this time to win back the pres
tigc aud favor its Arbitrary aud mar
row policy had no completely forfeit
I'd. That its management did mo-
choose TO take advantage Of tho oppor
tunity works hardship OH the Grip
rls Crock which. however immc'
diately severe. cannot 10 permanent
The Cycle plant will b rebuilt q
onos: tlSs Independence plant 1t tllt
nins 10 beiug erected ~ fast ~ inel
and money eau do the WORK; ths
Pindisy. .vindioator plant II practical
y assured. and the smaller syanids
plssts In tie distslcs, notably tbs La