The new era. (Walden, Colo.) 1906-19??, 1908-10-22
STUBS SPEAKS FOR HARTMAN
BEFORE THE TRANS-MlSSIS-
sIPPI CONGRESS.
WALSH AND DENVER WIN
CALLBREATH lNVEIGHS AGAINST
THE SHELTER TRUST AND
STANDARD OIL.

San FranclScO.-Sam Dutton We'd
nesday placed Thomas F. Walsh in
nomination for the presidency of the
Trans mississippi congress and he was
elected by reclamation.
Denver gets the next convention.
Mr.. ]. C. Stubs, traffic director of
the Hartman lines, spoke on 1.-The Re,
lations of Railroads to Trans Missis-
| sippi Territory" Declaring he was a
substitute, inasmuch as he had been
delegated by Mr. Hartman to take his
place on the program, Mr.. Stubs said
in part:
There has been committed to the
management of Mr. Hartman, as you
all know, certain railroad systems
which serve, in large measure, this
trans Mississippi region. Included in
these is the original trans-continental
line-that made by the Union Pacific
and Central Pacific railroads.
Probably those systems represent
the largest investment of money of any
productive enterprise in all the terri
tory within the United States lying
west of the Mississippi river. They
ployers of l.-1or.
Il welcome this opportunity to say
that my people do not object to i'm
| provement of rivers, the harbors and
the waterways of this country. That
work belongs to the general govern
ment and should be done at whatever
cost, wherever there is substantial
need
Il beg your further Indulgence to
make this statement also: That so far
as i know, and | ought to know, neitn-
er Mr.. Hartman nor his associates
have antagonized the building of the
Panama canal. Personally, l wish it
had waited on the rehabilitation of our
moribund merchant marine, which |
believe ought to be the next great en-
deavor of our people; but the Panama
canal was inevitable for many reasons.
1t has become a national enterprise.
and no one would regret more than |
and my associates the failure of that
project.
1.-The continuous growth and i'm
provement of this wonderfully prom
Using territory demands more rail-
roads and enlarged and improved ia
cilities in the existing roads. The eX-
penditures necessary to these ends are
capital expenditures. The needed
money will be obtainable when con-
fidence in productiveness in railroad
Investment is restored; when cooper
alton and good will is manifest in the
relations of the people and the car
rier: when it is promoted by the indi-
vidual citizen; when it so pervades the
public mind as to find expression
through legislative bodies"
One of the most striking declara-
lions of the afternoon was that of
James F. Callbreath, Jr., secretary of
the American Mining Congress, who,
in the course of lengthy address on
the subject of Mining and the Con
servation of Minerals" said:
Until few years ago the reduction
of refractory ores was too costly to
keep charges on fairly satisfactory
basis But the possibilities were too
great to be neglected. The so-called
smeter trust the American Smelling
and Refining Company, has since been
organized and steadily operated.
During the three years ending April
so, 1908, it made net profit OF $685.
304,324 upon a capitalization of $780,
600, 1000, two, birds of which was water
l want to point out to you that the
Standard Oil Cocpany, through its
most powerful agency, the American
Smelling and Refining Company. TO-
day controls seventy-five per cent. of
the best brains in the metallurgical
world seventy-five per cent. of the
facilities for ore smelling, and, through
mines already owned, seventy-five per
cent. of the future gold. silver and
copper output in the United States.
What do you believe will result
these metals the control exercised over
products for which there are substi
tutes?
DO you see the possibility of clos
ing the mines of the West by prohib-
itory treatment charges while the
value of metals is increased in the
markets of the world? Do you see the
possibility OF purchasing mines at a
bargain after they have been made
valueless to owners by prohibitory
transportation and treatment charges?
If you do, you will at least sympathiZe
with the work of the American Mining
Congress, which is attempting to fos
ter competition"