The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-10-14
SHELTER TRUST
AFTER UTAH CON
Eastern Dispatches Indicate
Oil Crowd Has Surrendered
Mine Control.

Night before last it was reported in a
special dispatch from New York that
the directors of the Utah Consolidated
company had been backed up by the
stockholders in the action they had TAX
en- in respect to the closing of options
for land in ToOele county in the vicinity
of the proposed new smelter. This word
came after the news from the east that
the shareholders were dissa tisfied with
the action of President Urban II. Brough-
ton and his associates.
During the past twenty-four hours TIL
scene has evidently changed and another
act in what appears to be a fight
to a finish on the part of the American
Smelling & Refining company to prevent
the Utah Consolidated from again en-
eaglng IN the smelling business
the diversion of the Utah Consolidated
ores from the Garfield smelter. where
they are so badly needed and for the
treatment of which the American COM
pany is reported to have demanded q
cents a ton more than the existing con-
tract calls for, or 5000 to $4,000 a month
more than the Utah Consolidated now
has to pay for having its ore converted
into bullion. Brief bulletins from New
York and Boston last night gave an indi-
cation of the direction of the wind. The
message from New York read as fol-
lows:
THE RockefeHer-R Rogers crowd have
parted with the 'ost Of their holdings in
Utah Consolidated and the stockholders
now protest against the Utah CONSOLE
dated officers project TO establish d
smelter TO rival the American Smelling
company in Utah.
ais bit of news seems to indicate that
the Guggenheim interests. Out-ma-
neuvered in the attempt to hold the Utah
Consolidated officials back in the nego-
tiatiOns for a new smelling contract I'M
til its TOoele county options had expired,
have sought the only alternative of block
ing the game--that of buying up the heav-
lest holdings in Utah Consolidated stock
to friendly hands. The news in the dis
patch makes it look as though the Stand
ard Oil crowd had decided to quit and
let the American Smelling crowd have
the mine. At any rate. the smelter trust
is evidently trying hard to cut out COM
petition as much as possible.
The message from Boston last night
reads as though it was sent out for a
double purpose. One of these is to show
that many of the harsh criticisms that
have recently been made on the Garfield
smelter were not justified. while the othT
might have been to keep in line the Utah
Consolidated shareholders who may have
been persuaded to oppose the building of
a new plant by the Utah Consolidated
company The Boston message reads like
this:
Manager c w Whitley denies that
the $LO00.O00 Garfield plant of the Amer
lean Smelling company is failure. He
utCldltS lIidl III tiSi llttli liltUliiS Tie
plant will produce 150,OOOOOO pounds of
copper annually"
The Utah Consolidated company prom
Used to be thorn in the side of the
smelter trust, as it was generally under
stood that, were the company TO go into
the smelling business in ToOele county
it would arrange for handling of Gus
tom ores. not only copper but silver. lead
and gold ores as well. 1t was patent
that with a Smelter in a section where
trouble with farmers had been eliminated
and with the works tributary to all the
main lines of railroad. including the
Western Pacific. Rio Grande, San Pc
dro and the Oregon Short Line. and their
connections. the Standard Oil crowd
could make a noise like real competi-
tors. And, as the American company has
just about all II cares to handle in the
opposition of the United States company.
it is natural that it should fight hard TO
head off other aspirants for business in
its field