Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-10-14

THREATEN TO SEEK COURTS
Is Phillips Il Trouble Breeder? Walker
Comments on situation-splcn-
did Record OF Mine.

.H
That the Guggenheims are putting
forth every effort within their power
to prevent the building of a new smell
ter in Tooele county by the Utah Con-
solidated Mining company is indicated
in late dispatches from the east. 1t
is plain that they do not want any
more competition for the CAautield
smelter, if it can be helped and now
that they have found out that they
have f' SO gone to the end Of the string
in dihatory tactics With President
Rroughton of the Utah Consolidated,
other moves are being made to block
The program OF the latter.
When President Broughton wired
Manager Risuue to exercise the Tooele
land options a certain Guggenheim Of
fetal is reported as having remarked
ed paying out approximately $780,
900 to the farmers of Tooele county
did not make itacertainty that smell
ter would materialize. The expendi-
ture of &'s money he said, was n
small matter. for the Utah CONSOLIDATE
cd
THE fact Is" declared the official.
lit IS Just possible that the court
might be sought TO enjoin the pre-.
sent board of directors from building
a smeltcr, for believe that not to
exceed $50 shares of Utah ConsoiGat-.
the directors. The Standard Oil in
teresns i'm Utah Consolidated have
disposed of their interests. or practi-
cally so"
@ Uses BIG STICK.
The foregoing might be taken to
indicate that the Guggenheims have
the Utah Consolidated to accept a
contract to ship its product to Gar
field on terms which President
Broughton has opposed. However,
friends Of Mr.. Broughton are not ready
to believe that the Guggenheims have
no such whip hand over Utah CON
solidated or that they can block the
building of the smelter, unless they
do it by agreeing to Il contract en-
tremely favorable to the Utah Con-
solidated company.
In some of the stories printed IN
eastern papers within the past Week
it has been stated that not all of the
directors of the Utah Consolidated
are in favor OF the smelter PROPOSE
ton. That is perfectly natural, It Is
argued, for in one instance. James Phll-
lips Jr, an out, and out Guggenheim
adherent: is president of the Nevada
Consolidated. as Well as a director OF
the American Smelling 81 Refining
comapny. 1t is to be expected tnat
he would oppose anything that does
not lust suit the SGfuggenheims and II
il RECALLED that while in the city re-
Gently Mr. Phillips did not hesitate 70
spread the report that little stock OF
record stands in the names OF Il ma ma
iority of the present directors.
WHAT WALKER SAYS.
George L. Walker, in the current is
she of the Boston Commercial. COM
ments on the Utah Consolidated smell
ter situation and among other Things
says:
OF the stockholders of any company
would be in perfect accord on a mat
ter of us much Importance as that OF
building a new smeltcr; nor is 1t rea-
sonable to believe that all the direc-
tors of any corporation would Eke!g
be present at n meeting held at this
time of the year. 1t should be suff1-}
.ient that q majority Of the directors
reached the decision, il any decision
really has been reached; and President
Broughton, under whose management
| utah Consolidated has distributed mil
iIions of dollars in dividends should
certainly be trusted to direct IT'S al
raans h, 'ths1 nnnroval Of those Of
~, bonTd of directors who are avail
| able TO attend meetings.
II know that the plans for the erec-
| t;,n of ! ne,Sr smelling plant have re-
ceJ,nd tI,e most careful and painstak-
~ n; :. aft.,,tion from both 81 business and
,,,ae'ta 5'n sfandnotnt and that the
at.,;GI, ns he lnanaeement is neither
49, ~ nor j,l-navised II is a most IN
| tarestinfy fact thar the same people who
:, to,,oaan9ant.s artion nov condemned
u ;, yeer aro for making a custom
s,,eitin,r contract and declared the
cni,,m,,,y had lost It's ore body through
ra aip'lt''
..trn,, t,yo yoars mast the Utah Con-