The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-10-16
EASTERN SHAREHOLDERS
SHOULD SEE UTAH CON.

An eastern shareholder in the Utah
Consolidated was made to say in one of
the Boston papers the other day that he
thought. before the company should go
ahead with the building of a new smelt-
er, committee OF stockholders should
look into the proposition: that they should
learn what the mine amounts to and what
it looks like Discussing that opinion,
well posted Bingham operator said yes
terday:
There is nothing the matter with a
proposition of that kind. 1 don't know
whether Rockefeller and Rogers have
sold out of the company or not; that
story was probably sprung for effect, and
that il emanated from American smelt-
ing sources is easily believable; but. no
matter who owns the stock. II they or
their representatives ever take the trou-
bic to come out here and examine the
mine and see for themSlVS the spiendld
physical condition in which II now IS; III
they could see what new work in hither-
to UNEMPLOYED ground Is disclosing; II
they could once get a close range idea
of the magnitude of the property and
the splendid manner in which II Is be
ing handled; they would not question for
a moment the wisdom Of the manage
smelter
The erection of a new smelter by the
Utah Consolidated company does not can
for a lot of costly experimenting, as has
been the case with the Garfield smelter
of the American company, the Titan Con-
solidated has been in the business and
il is absolutely known just what IS re
quired. If a new smelter is built, II
would be made to do better work and
would cost less money than did the old
one. 1t would handle the ore and con-
cert il into bullion for less money than
did the old one, because, if for no other
reason, the railroad haul on the crude
ore would be eliminated. As compared
with what it will cost the company 20
give its ore to the American company
under a long time contract, II IS per-
fectly safe to say that the Utah CONSOLE
dated can save and consequently earn not
less than 81 a ton more than what II can
expect to get through the shipment or
Its product to another plant believe
il would do much better than that. but
such a sum is worth considering by a
company with a mine capable of pro-
ducing 1000 tons a day for the next ten
years. anyhow. And. from what l am
able TO learn. it is a moral certainty that
the mine will be just as big at the end
people I think. comprehend what kind of
a mine the Utah Consolidated is. Few
of the shareholders realize that its ores
are of a character that makes their
smelling about the simplest thing in the
world. If they did. they would hesitate
long time before they would consent
to see some outside smelling concern reap
the big profit that they might just as
well have by building their own works 10
treat the ore.
Then. again, this country is producing
more and more ore, all the time, and
there is no question but that more smelt-
ers will be built, whether the American
company takes kindly to il or not. There
is no reason, therefore, why the Utah
Consolidated should not prepare to ham
die custom ores and make money in that
way just as well as someone else The
company certainly has the best available
site in this region and, whether Bill Smith
or H. H Rogers owns the stock ought
to make no difference"