The silver state news. [volume] (Winnemucca, Nev.) 1907-1909, 1907-12-05

for its unusual and extraordinary IN
ducements to the large operators.
A case in point of the methods pur
sued in order to control and advance
the supposed interests Of this vicious
trust may be illustrated in Bingham
district, in Utah, where ores of the
value of $40 per ton would be received
by the smelters at a price not to ex-
coed $11 per ton. The cost of trans
portation and reduction would run
from SIS to SIS a ton, according to the
grade of the ore, and yet, allowing
quite a difference in this regard, 1T
will readily be seen that the mine
owner was honestly entitled to very
much in excess of $11 a ton for mis-
ores. Another feature, which is in
deed r~eprehensible, was the deducting
of 10 per cent for an imaginary loss in
lead; 5 per cent in silver, and 5 per
cent in gold, while as a matter of fact
the legitimate and honest reduction
would be about ! per cent in lead
one-tenth of l per cent in silver, and
no loss whatever in gold.
Now when unreasonable and unfair
rates were not acceptable to the small
operator, who was not so fortunate
as to have sufficient funds in his treas
ury with which to construct and OPP
crate his w Independent smelter, and
thus be entitled to and enjoy the priv
leges of a special contract for that rea-
son, and that reason only, he was very
courteously requested to take his ore
elsewhere; and yet there was no point
where these ores could be reduced n
this free land where the tentacles Of
this giant octopus do not reach and
control.
Profits are Staggering.
The enormous profits secured in the
operations of this trust are such as
to stagger one, for within the short
period of about six years dividends to
the enormou sum of $31 600. 900 have
been disbursed by it And yet, in
the face of these phenomenal earnings,
this vicious combination quietly and
unostentatiously announced to the min
ing men of the west that hereafter
when ores are received they will he
settled for by note of hand. payable
Jos days. hence, which really makes
mining nrohihitory to the average on
orator.
IT win really be understood that
the miner of Nevada can do only one
Of two th'rgs accept and accent cheer
frllv the orerons conditions 'rnposAd
Nv this trrst or nlse e1asa down his
-r;~e ord &c . a;rect result the nine
IS closed down ard thousands Of mon
are thrown out of remunerative eT
plovment.
The miners of the west appreciate
the fact hat President Roosevelt has
at all times been energetic in curbirg
the trusts and in defending the rights
of the people: and thew also think
that the protection of the great mn
ing industry is a matter worthy Of
his earnest consideration. for it can
not be denied that very many mining
properties in Nevada would today be
paying large and legitimate dividends
to shareholders but for the methods
pursued nv the American Smelling aud
pefrirg
Co~t~acts Beein to Rebound.
Recent disclosures would indicate
that all is not fair sailing with this
greedy trust. for the contracts which
were made at an earlier date with
large operators in order to throttle
and deter the erection of indenendent
smelters are beginning to recoil ar1
rchonrd. The prices of metals having
dronped 30 per eent or more within
. few weeks. it is understood and be-
fevea. IS now entailing an enormous
loss estimated at something Ike $3.50.
600 n dav. ard every dav for the nasi
three months. hence it is readily an
parent why it is necessary for this
trust to issue l05-day notes in payment
for ores.
OF course this trust could not act
so aogressivelv were It not for verv
close traffic arrangements with the
TRANSPORTATION lines. for under nrascr1
conditions no i~ndependent smelter can
secure a rate for the Transportation Of
ores which will permit Of its success
fnl cnerat'on. and 10 ~;rnr;rv ;s made
what rate can be had from the rail