Bisbee daily review., 1907-08-28
SMITHS ID INSTALL
 \ NEW FURNACE
Head of Globes Leading Com Pany Arrives in That City to
 Look Over Property,

President Charles s. Smith of the Smelling company of New Jersey, and his son, Sumner Smith. were arriy- als on Wednesday of last week from
 Boston.
 Asked by a representative of the Silver Belt if he had come to Globe
 to see if the bottom of the Old Domin-
 ion mine had dropped out along with
 the heavy decline of the shares on
 the Boston exchange, President Smith
 replied that he had not been disturbed by any such fear; that the news re
 celved at the Boston office of the com pany, much of which had been
 gleaned from the columns of the Sil- yer Belt, was altogether reassuring.
 He stated that his visit here was not
 limited as to time and that he would remain until he became fully aequaint-
 ed with present conditions at the property, the magnitude of recent ore developments and the progress of con struction work
 To Install New Furnace. Concerning the company's plans for | further expansion, President Smith stated that the next important addi- lion to the smelling plant designed to | increase the production of copper would be a reverberatory furnace for treating the fines-fiue dust and slag,
 and steps have already been taken to
 install this furnace during the coming
 fall or early winter.
 | Another water jacket furnace VIII
 also be erected as a reserve, to insure
 the continuous operation Of five stacks ! and permit of repairs being made on ] one furnace at any time without re-
 ducing the output of copper, which should average about 3.500,000 pounds monthly. The construction of another | and larger steel stack and an addi- tional dust ehar-ber will be deferred until such time as the further enlarge
 ment of the smelter is deemed advis- able
 New Electric Plant.
 The plans and specifications for a central electrical power plant have
 been completed by Engineer Langton. | who, with Dr. l.. D. Ricketts. visited
 yfiobe two months ago on that tysi
 4ess. President Smith Is not in
 formed as to the details of the elG3. l neer's report, which had not been Tg-
 ceived at the Boston oT1ce when he left, but was daily expected. The plant will have a capacity more than
 sufficient to meet all requirements for electricity, not only for the old Do-
 minion proper, but the power will be transmitted to the Grey and Buckeye ! shafts to run the hoists and other ma chinery It will be the largest and
 finest electrical plant yet installed anywhere in Arizona. Included in cosa sfehensive plans for the more ex- tensive operation and development of the Old Dominion property are the in- stallation of the new pumping plant Of S,000000 gallons capacity and en- largement of the smelter power and construction of the high line railroad l from the smelter to connect with the
 G. " c and N. at Bankers garden. Asked as to the company's inten- tions in regard to the distribution of dividends, President Smith stated that l the payment of dividends would de pend largely upon the price of cop per, but that the statement recently published in an eastern financial pap CT that Old Dominion would be able to 1 continue dividends of s1 per share on an 1S-cent copper market was prob ably true. The profits derived from | the sales of copper during the past year have largely gune fnro new con- structiop and for the purchase of i'm mense quantities of supplies. These extraordinary expenses will soon be
 over and the company will then be en-
 able to accumulate reserve fund of ! goodly proportions.
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